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.


76° 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!

 

Wednesday Morning Business Brief

June 11, 2014, 5:36 AM

Wednesday Morning Business Brief
NEW YORK -

Winning streaks may be for sports teams, but investors on Wall Street wouldn't mind seeing a market rally today. A run of record highs came to an end yesterday as the Standard & Poor's 500 index lost ground for just the second time this month. The slight loss broke a four-day string of all-time highs. The Standard & Poor's 500 index slipped 0.48 of point, or 0.02 percent, to close at 1,950.79 on a quiet day for trading. Futures point to sliding stocks this morning.

  • International stock markets turned skittish today after the World Bank lowered its global growth forecast for the year and a militant takeover of a key Iraqi city raised concerns. Benchmark U.S. crude oil rose above $104.50 a barrel. The dollar fell against the yen and inched ahead against the euro.
     
  • The World Bank downgraded its forecast for the global economy this year, citing a bitter American winter and the political crisis in Ukraine.  In an outlook released yesterday, the bank still expects the world economy to grow faster - 2.8 percent this year versus 2.4 percent in 2013. But its new estimate is weaker than the 3.2 percent expansion it had predicted in January.
     
  • China's largest e-commerce company is making its first appearance in the U.S. with the debut of 11Main.com, an invite-only online marketplace that showcases small business retailers. Industry watchers will be paying close attention since 11 Main is owned by Alibaba, the e-commerce giant in China that filed for an initial public offering in the U.S. in May. Bigger than Amazon and eBay combined, Alibaba had no U.S. e-commerce presence until now.
     
  • OPEC oil ministers are heading into a meeting today with apparent agreement to keep output at the current target of 30 million barrels a day. Venezuelan oil minister Rafael Ramirez says there is "consensus" among the 12-nation Organization of the Petroleum Exporting Countries to keep the status quo. The International Energy Agency, oil consultant to major consuming countries, sees short-term demand rising. But many OPEC members are at their production capacity limits. OPEC powerhouse Saudi Arabia has the ability to make up for any shortage.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Allegiant Air Pilot Pleads With Tower To Make Emergency Landing

7/29/2015 1:58 PM

An Allegiant Airlines pilot declared a fuel emergency and had to land at a North Dakota airport even though the airport was closed for the Blue Angels...

Full Story
Lick The Spoon Closes East Side Location

7/29/2015 9:53 AM

Just a year after opening on East 10th Street and Bahnson Avenue in Sioux Falls, Lick The Spoon restaurant has closed its doors.  Angela Becker o...

Full Story
Famous Wine Maker Planning Sioux Falls Development

7/29/2015 1:00 PM

Barber tells KELOLAND News while the plans still have yet to be finalized, they call for a couple of apartment buildings with eight to 12 units, as we...

Full Story
Fiat Chrysler To Pay Record Recall Fine

7/27/2015 9:32 AM

The settlement also forces the car maker to repurchase more than half a million Ram pickup trucks built between 2008 and 2012 because defective steeri...

Full Story
Picker's Flea Market Closing, Celebrate Church Expanding

7/24/2015 2:15 PM

Thorson ran several shops in Yankton before opening a store in Sioux Falls. The store will close August 16.

Full Story


Events