User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


53° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Most Popular Today


Thursday Morning Business Brief

June 26, 2014, 5:45 AM

Thursday Morning Business Brief
NEW YORK -

The earnings season cranks up next month and investors are focusing on that rather than dwelling on the fact that the economy shrank at annual rate of 2.9 percent in the first three months of the year. That news yesterday didn't even faze them. The S&P 500 gained nine points to 1,959. The Nasdaq rose 29 points to 4,379 and the Dow climbed 49 points to 16,867. Futures point to a flat opening.

  • International stock markets rose today though European gains were more restrained than Asia as investors largely brushed off a poor quarterly U.S. economic report as a blip and instead factored in rebounding growth as policymakers maintain ultralow interest rates. Benchmark crude oil inched up to just above $106.50 per barrel. The dollar slipped against the yen and gained against the euro.
     
  • There are two government reports due out today. The Labor Department will release weekly jobless claims and the Commerce Department will report on personal income and spending for May. Also today, Freddie Mac will release the average weekly mortgage rates. After the market closes, Nike will report its quarterly financial results.
     
  • Experts and government officials are concerned that Britain may be trapped inside a housing bubble. The concern from the International Monetary Fund and European Union officials is that the country's housing market is overinflated, with London house prices rising almost 19 percent in the year to April, posing a threat to the British economy.
     
  • Hundreds of people are expected to turn out in Edmond, Oklahoma, tonight for a town hall meeting on a surge of earthquakes in an area where they've been almost unheard of in the past. Oklahoma recorded nearly 150 between January and the start of May and it's raised suspicions that the shaking might be connected to the oil and gas drilling method known as hydraulic fracturing, or fracking.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Former Sioux Falls Executive Investigated For Animal Abuse

8/28/2014 4:15 PM

A former Hot Stuff/Orion Foods President is being investigated for dog abuse in Canada.

Full Story
Westward Ho Country Club Changes Name

8/28/2014 12:56 PM

The Westward Ho Country club in Sioux Falls is changing its name to The Country Club of Sioux Falls.  Members were notified of the change on Thur...

Full Story
Cattle Spooked By LifeLight Noise

8/30/2014 3:58 PM

Farmers say the annual music event is louder this year, and it's causing some problems with their cattle.

Full Story
Sanford And First PREMIER Bank Hosting Concert For Employees

8/29/2014 11:30 AM

Employees from two Sioux Falls employers have an opportunity to see a private concert with two country headliners at the Denny Sanford PREMIER Center.

Full Story
Car vs Bus Crash Injures Two Teens

8/26/2014 6:00 PM

Two Iowa teenagers are hospitalized after colliding with a school bus early Tuesday morning.  It happened just east of Inwood on 240th Street at ...

Full Story | Watch


Events