User uShare 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.

17° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Wednesday Morning Business Brief

January 2, 2013, 5:42 AM

Wednesday Morning Business Brief

The fiscal cliff deal finalized by the House may not give the economy much of a breather. Critical issues that leave room for more political bickering include deficit reduction. Another standoff in the making happens next month when Congress will need to raise the $16.4 trillion federal borrowing limit so the government can keep paying its bills.

  • The stock market closed 2012 on a high note Monday, even with the fate of fiscal cliff talks in doubt. The Dow was up 166 points to finish the year at 13,104. The S&P rose 24 points and the Nasdaq climbed 59. Futures trading suggests big gains at this morning's opening.
  • International stock markets registered relief today over the U.S. congressional vote to stop hundreds of billions of dollars in automatic tax increases and spending cuts that risked plunging the world's biggest economy into recession. The dollar gained against the yen and fell against the euro. Crude oil prices rose to near $93 per barrel.
  • An apparent decision by the House Republican leadership to drop a vote on aid to Superstorm Sandy victims isn't sitting well with members of the New York congressional delegation from both sides of the aisle. Republican Rep. Peter King says the decision is "absolutely indefensible." A spokesman for Speaker John Boehner says he is "committed to getting this bill passed this month."
  • The Institute for Supply Management releases its manufacturing index for December today and the Commerce Department releases construction spending for November.

You can find more business news on the Back to Business page of

Previous Story

Next Story



View business

You may also like

Board Of Education Member Had Multiple Contracts With State

11/23/2015 6:05 PM

That means in addition to her state salaries at USD and Northern State, Duncan earned an additional $124,000 in contracts from the Department of Educa...

Full Story | Watch
Fired GEAR UP Worker Defends Stacy Phelps

11/24/2015 6:05 PM

When the state pulled its multi-million dollar GEAR UP contract from Mid Central Educational Co-Op in September, all the current GEAR UP workers were ...

Full Story | Watch
Bison Ranch Owner By Turner Gets Permit For Feedlot Addition

11/25/2015 1:35 PM

Stanley County commissioners have approved a feedlot at a bison ranch owned by media mogul Ted Turner.

Full Story
Black Friday Shopping Starting on Thanksgiving

11/21/2015 4:46 PM

As more stores announce their Black Friday hours, the times are getting earlier and could even cut into your Thanksgiving meal.

Full Story
Some Black Friday Deals Are Not Deals

11/21/2015 4:46 PM

Recent research found just because something is called a doorbuster doesn't mean it's significantly discounted.

Full Story