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.


-5° 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 25, 2014, 6:00 AM

Wednesday Morning Business Brief
NEW YORK -

Investors are still shaking off yesterday's biggest decline in two weeks, led by a sell-off in blue-chip bank and energy stocks. The Dow Jones industrial average fell 119.13 points, or 0.7 percent, to 16,818.13. The S&P 500 lost 12.63 points, or 0.6 percent, to 1,949.98 and the Nasdaq composite fell 18.32 points, or 0.4 percent, to 4,350.36. Futures point to a flat opening today.

  • International stock markets slumped today after Wall Street's biggest decline in two weeks and ongoing violence in Iraq dampened sentiment. A report that new U.S. home sales rose in May to the highest in six years helped homebuilders, but wasn't enough to lift the broader market. Benchmark crude oil rose to remain above $106 per barrel. The dollar slid against the yen and the euro.
     
  • The Commerce Department will release a gross domestic product later today, as well as the durable goods report for May. A GDP report released last month showed that the economy took a beating from an especially harsh winter during the January-March quarter. Business growth actually contracted for the first time in three years. But with the arrival of spring, there were signs the chill might have been only temporary.
     
  • An Android update, wearable gadgets and so-called smart home devices are just some of the innovations Google is likely to show off at its two-day developer conference, which begins today in San Francisco. Pacific Crest analyst Evan Wilson believes Google will unveil a new version of its Android operating system - possibly called Lollipop - with a "heavy focus" on extensions for smartwatches and smart home devices. Google's event comes at a time of transition for the company.
     
  • German consumer optimism is increasing, driven by a greater willingness to spend caused by this month's European Central Bank interest rate cut. The forward-looking GfK consumer climate index released today, based on 2,000 interviews, rose to 8.9 points for July following an upwardly-revised 8.6 points in June. GfK says the ECB's cut of its key rate to 0.15 percent and introduction of a penalty rate on bank deposits "provided an important boost to the consumer climate."

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

New Strip Mall For Dawley Farm Village

2/20/2015 12:08 PM

Construction will begin on a new strip mall south of the pond at Dawley Farm Village in April.

Full Story
Other Place Bar And Grill Closed In Sioux Falls

2/24/2015 12:51 PM

According to its Facebook page, The Other Place Bar and Grill has closed. (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.g...

Full Story
Touch Of Europe Permanently Closed

2/25/2015 4:29 PM

The Touch of Europe restaurant will be closed for good.

Full Story
Fareway Foods Plans To Open Second Sioux Falls Location

2/20/2015 11:51 AM

The grocery store would go on the southwest corner of 41st Street and Sycamore Ave.

Full Story
Sioux Falls Approaching 'Magic Number'

2/23/2015 10:10 PM

It's a number that can support bigger businesses, more retail and restaurants.

Full Story | Watch


Events