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.


74° 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!

 

Tuesday Evening Business Brief

March 25, 2014, 6:46 PM

Tuesday Evening Business Brief
  • Health care companies bounced back today after a heavy sell-off, propelling the Standard & Poor's 500 index by 8.18 points. The Dow Jones industrial average gained 91.19 points, or 0.6 percent, to 16,367.88. And the Nasdaq composite gained 7.88 points.
  • U.S. home prices dipped in January for the third straight month as cold weather, a limited supply of homes and higher mortgage rates lowered sales. The Standard & Poor's/Case-Shiller 20-city home price index declined 0.1 percent from December to January, the same decline as the previous two months. The index is not adjusted for seasonal variations, so the dip partly reflects weaker sales in the winter.
  • The Treasury Department says Secretary Jacob Lew's surgery to deal with a benign enlarged prostate went as planned. Treasury spokeswoman Natalie Wyeth Earnest said that the surgery in New York on Tuesday went well and Lew is now resting comfortably.  She said that Lew expects to resume his normal schedule in Washington next week.
  • The Internal Revenue Service said today that virtual currencies like bitcoin will be taxed like property - not currency. The IRS says bitcoin is not legal tender. You can't use it to pay your taxes. However, if you receive wages in bitcoin, you have to pay taxes on it just like you would if you got paid in dollars.
  • Murray Weidenbaum, a White House economic adviser who counseled five U.S. presidents before returning to academia, has died. He was 87. His death last Thursday was announced by Washington University in St. Louis, where he worked for decades and continued to teach until a few weeks ago. The school did not reveal the cause of death. Weidenbaum was the first chairman of President Ronald Reagan's Council of Economic Advisers.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story


Events