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.


59° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Monday Morning Business Brief

October 1, 2012, 7:43 AM

Monday Morning Business Brief
  • While stocks fell Friday, the third quarter was a solid one for all three indexes. The Dow starts the fourth quarter 4 percent higher at 13,437. The Standard & Poor's 500 gained nearly 6 percent from July through September, and starts at 1,441. The Nasdaq is at 3,116. Futures trading suggest gains at today's opening.
  • Many Asian stock markets have a holiday today while European stocks opened higher, hours before Greek officials were to resume negotiations with international lenders who have pledged financial help if the country makes the necessary budget cuts. Benchmark crude oil fell below $92 per barrel. The dollar fell against the euro but rose against the yen.
  • The Commerce Department reports August numbers for construction spending today, but with the presidential election a little more than a month away, all eyes will be on Friday's release of the September jobs report. Last month's numbers were seen as a disappointment, with employers adding 96,000 jobs and the nation's unemployment rate falling to 8.1 percent largely as a result of people dropping out of the workforce.
  • Official data show the record high unemployment rate in the 17 countries using the euro currency remained unchanged in August at 11.4 percent. European leaders have managed to calm financial markets but have been unable to halt the rising tide of joblessness. Some economists have argued that the very spending cuts that helped stabilize the crisis are what's pushing unemployment higher.
  • There'll be plenty of bacon to bring home but it's likely to start costing to bring home the bacon. The economics of the current drought are likely to nose up prices for bacon and other pork products next year, by as much as 10 percent. But U.S. agricultural economists are dismissing reports of a global bacon shortage.

Read more business stories on the Back To Business page.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Baby Books Rental Car, Family Denied Refund

3/31/2015 11:28 AM

A Minnesota family can’t believe how a well-known company reacted after their baby made a costly computer mistake.

Full Story | Watch
Plans Released For Pump Park in Brookings

3/27/2015 4:51 PM

The same company that designs BMX bike tracks for the Olympics is coming to South Dakota to create Brookings' newest park.

Full Story
RibFest Announces Concert Headliners

3/30/2015 8:40 AM

Montgomery Gentry, Cheap Trick, Uncle Kracker and Warrant are scheduled to perform at the annual event from May 28 to May 31. 

Full Story
How Much Do You Take Home In Pay?

3/30/2015 9:45 AM

How much does making $50,000 a year differ from one state to another, once you figure in taxes and cost of living?

Full Story
80 MPH Interstate Speed Limit Starts This Week

3/30/2015 2:18 PM

One of the most talked-about-bills during this year's South Dakota legislative session is set to take effect on Wednesday.

Full Story


Events