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.


54° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Thursday Morning Business Brief

July 31, 2014, 5:44 AM

Thursday Morning Business Brief
NEW YORK -

Investors are entering the final two days of the trading week looking for some direction after yesterday's ho-hum day on Wall Street. The S&P 500 index ended Wednesday with only a fractional gain, closing at 1,970. The Dow Jones industrial average slipped 32 points to 16,880 and the Nasdaq composite rose 20 points ending the day at 4,462.

  • Global stock markets are uninspired by yesterday's upbeat report on the U.S. economy, with most drifting lower today after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected. Markets closed down in Tokyo and South Korea. Stocks in Hong Kong's Hang Seng and China's Shanghai Composite closed up. In early trading, markets are down in Germany, Britain and France. Wall Street futures also are down.
     
  • Two government economic reports are due out today. The Labor Department will release the number of people who filed unemployment claims last week and will issue its second-quarter employment cost index. Freddie Mac will report weekly mortgage rates. Also today, MasterCard, Exxon Mobil, LinkedIn and Tesla Motors will release their quarterly earnings.
     
  • Samsung Electronics says its second-quarter profit dropped 20 percent as smartphone and tablet sales fell. The South Korean company says its net income during the April-June quarter was $6.1 billion, the lowest since the second quarter of 2012 and below forecasts. Samsung is struggling to compete in the cheap smartphone business, which is the fastest-growing smartphone segment.
     
  • Facebook's Internet.org project is taking another step toward its goal of bringing the Internet to people who are not yet online with an app launching today in Zambia. The Internet.org app will give subscribers of Zambia's Airtel phone company access to a set of basic Internet services for free. Users of the app won't incur the data charges that can be prohibitive for many people in developing nations

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Big Box Competition Prompts 2 SD Stores To Close

10/1/2014 6:51 AM

Stores are closing in Pierre and Aberdeen as big box retailers move in, affecting more than two dozen workers.

Full Story
Latest SF Walmart Lawsuit Dismissed

9/30/2014 11:48 AM

A lawsuit filed by opponents of a south side Sioux Falls Walmart has been dismissed.

Full Story
Chicago Fire Rerouting Travelers In Sioux Falls

9/26/2014 11:25 AM

A fire in Chicago has grounded flights in Sioux Falls and across the country.

Full Story
Lawsuit Dismissal Rolls Back SF Walmart Road Blocks

9/30/2014 5:39 PM

A Sioux Falls judge has dismissed the latest lawsuit involving the south side Walmart.

Full Story | Watch
Realtors Talk Safety After Broker Murder

10/1/2014 10:00 PM

We spoke with area realtors to find out what can be done to stay safe when going out on a job solo.

Full Story | Watch


Events