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

July 16, 2014, 5:57 AM

Wednesday Morning Business Brief
NEW YORK -

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




Sponsored

 


View business

You may also like

Capital One Closing In Sioux Falls

7/23/2015 12:12 PM

Employees were told Thursday that the credit card company will close its Sioux Falls office by the end of the year.

Full Story
New Pizza Chain Coming To Sioux Falls

7/22/2015 4:15 PM

Wisconsin-based chain, Toppers Pizza is going into a strip mall on South Minnesota Avenue in Sioux Falls. 

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
Capital One Employees Get News Of Layoffs

7/23/2015 6:00 PM

Capital One is pulling out of Sioux Falls, leaving 750 people out of jobs, and the company is blaming our state's worker shortage.  

Full Story


Events