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.

30° 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

July 16, 2014, 5:57 AM

Wednesday Morning Business Brief

Investors hope for a pick up on Wall Street after yesterday's poor finish. An assessment by the Federal Reserve that the economy has yet to fully recover took its toll on the market, sending stocks mostly lower after a brief upturn. Stocks finished the day mixed, with the Dow Jones industrial average eking out a tiny gain on the day. Futures point to gains this morning.

  • Asian stock markets were mixed today while European exchanges appeared cheered by China's latest economic report showing 7.5 percent quarterly growth, which suggests the government's mini-stimulus helped.   first interest rate increase from the Fed will come next summer. The dollar edged higher against the euro and was unchanged against the yen.  Benchmark U.S. crude oil rose above $100.50 a barrel in electronic trading.
  • Several economic reports are due today, including the Labor Department's Producer Price Index for June, the Federal Reserve's industrial production survey for June and the National Association of Home Builders' housing market index for July. In the afternoon, the Federal Reserve releases its Beige Book on economic conditions in the various Fed regions.
  • Fracking will go on in Denton, Texas, which sits atop a large natural gas reserve. The city council this morning rejected a petition to ban further permits for hydraulic fracturing. More than 100 people spoke during a public hearing late yesterday and today. Petition supporters say the risks to human health and the environment outweighed the economic benefits. Industry groups and state regulators warned of litigation and a severe hit to Denton's economy.
  • China's economic growth edged up in the latest quarter and more than 7 million new jobs were created in the first half of the year. That eases pressure on communist leaders as they try to prevent a precipitous slowdown in the world's second-largest economy. Economic growth rose to 7.5 percent over a year earlier in the three months ended June 30 from the previous quarter's 7.4 percent.

Previous Story

Next Story



View business

You may also like

Avera To Purchase DAKOTACARE

11/19/2015 11:00 AM

With ownership, Avera would become the second-largest health insurer in the state.

Full Story
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
Black Friday Shopping Starting on Thanksgiving

11/21/2015 5:43 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

11/23/2015 4:51 PM

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

Full Story