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.


71° 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!

 

Thursday Morning Business Brief

August 28, 2014, 5:47 AM

Thursday Morning Business Brief
NEW YORK -

Investors have a host of economic reports to consider as trading resumes later this morning on Wall Street. Despite a somewhat lackluster day, the Standard & Poor's 500 index still managed to register its third record close Wednesday in as many days. But overall trading volume was slack, reflecting the approaching Labor Day weekend.

  • This morning, the government will revise its estimate of just how fast the economy grew in the April-June quarter. It'll be the second of three estimates. In its first estimate last month, the Commerce Department said the U.S. gross domestic product grew at a seasonally adjusted annual rate of 4 percent, which was a striking turnaround from the first quarter, when the economy shrank at an annual rate of 2.1 percent.
     
  • Despite many signs of a business recovery including improved hiring, Americans are more worried about the economy than they were right after the Great Recession. A survey released by researchers at Rutgers University says that this pessimism exists despite record Wall Street gains and a host of upbeat economic indicators.
     
  • Germany's Federal Labor Office says the country's jobless rate ticked up slightly to 6.7 percent in August as 30,000 more people joined the ranks of the unemployed. The office said Thursday there were 2.90 million people out of work in August overall, and as a result the unemployment rate inched 0.1 percentage point higher from July.
     
  • Negotiators hoping to reach a new contract that would keep hundreds of billions of dollars of cargo moving smoothly through West Coast seaports are making significant progress with a tentative deal on health care benefits.The knotty issue had tied up the talks for months. Specific details weren't released.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Takata Air Bag Recall Becomes Biggest Ever In US

5/20/2015 5:19 AM

Takata's decision to add more than 18 million air bags to existing recalls comes following pressure from U.S. safety regulators.

Full Story
South Minnesota Ave. Burger King To Be Torn Down For Strip Mall

5/19/2015 2:06 PM

Demolition of the Burger King building will get underway June 1 and the strip mall will be complete in mid-October.  

Full Story
Moe's Southwest Grill Looks To Open Restaurant In Sioux Falls

5/18/2015 4:18 PM

The Mexican franchise Moe's Southwest Grill has picked a location in Sioux Falls, but has yet to seal the deal.  Moe's Southwest Grill st...

Full Story
Buildings Being Torn Down on 41st Street For New Strip Mall

5/19/2015 4:10 PM

A new strip mall is coming to 41st Street across from the Western Mall.  Lloyd Companies is taking out the K & H Car Wash, Mobil gas station ...

Full Story
Raven Industries Sales And Profits Significantly Down

5/19/2015 9:45 AM

Raven Industries is reporting significant first quarter profit losses.  Raven's net sales were down 31.4 percent to $70.3 million. Raven'...

Full Story


Events