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.


61° 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!

 

Tuesday Morning Business Brief

July 15, 2014, 5:35 AM

Tuesday Morning Business Brief

Investors are apparently putting last week's stock market doldrums behind them. The three major indexes finished sharply higher on Monday, notching their second gain in two days. The S&P 500 rose 9 1/2 points to 1,977. The Dow Jones industrial average added nearly 112 points to 17,055. The Nasdaq composite gained 25 to 4,440. The indexes are all up for the year. Futures point to an uncertain opening this morning.

  • European stock markets were mostly lower in early trading today.  Asia had a strong day on hopes for encouraging economic data from China. China, the world's No. 2 economy, is due to report its second quarter GDP tomorrow. U.S. Federal Reserve Chair Janet Yellen is expected to stick to a stance of keeping interest rates low during testimony in Congress this week. Benchmark U.S. crude oil fell under $101 a barrel. The dollar fell against the yen and gained against the euro.
     
  • The government today will release retail sales data for June and business inventories for May. JPMorgan Chase and Goldman Sachs will report earnings before the market opens, as will Johnson & Johnson. CSX and Yahoo will release quarterly financial results after the closing bell.
     
  • Lawmakers are expected to press Federal Reserve Chairwoman Janet Yellen for more information today on how the central bank plans to react to recent good news about the improving health of the labor market. Yellen is scheduled to deliver the Fed's twice-a-year report to Congress on interest-rate policy and the economy. She testifies before a Senate committee today and a House panel tomorrow.
     
  • The Consumer Financial Protection Bureau is suing a major debt collection law firm, alleging it is a "mill" that produces shoddy, mass-produced credit-card collection lawsuits. The bureau's claim was filed in federal court in Atlanta on Monday and states that Frederick J. Hanna & Associates failed to do basic due diligence on the accuracy of suits over defaults. The firm denies the accusations.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Three Sushi Restaurants Close After Owners Dispute

10/22/2014 10:05 PM

Your options for sushi in Sioux Falls have just been cut by three. The restaurants mysteriously shut down this week, leaving customers and employees a...

Full Story | Watch
Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/22/2014 4:45 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
SD Gas Prices Jump While Nation Approaches Four-Year Low

10/21/2014 11:00 AM

Gas prices have fallen to a nearly four-year low nationwide at an average of $3.09 a gallon.  AAA South Dakota says U.S. gas prices could drop to...

Full Story


Events