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.


66° 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!

 

Monday Morning Business Brief

November 26, 2012, 5:34 AM

Monday Morning Business Brief

Black Friday enthusiasm produced a 173-point rally to end a short holiday trading week. The bluechip index starts this week above 13,000 for the first time since Election Day. The S&P starts at 1,409, while the Nasdaq finished last week at 2,967. Futures trading suggests a lower opening today.

  • Asian stock markets rose modestly today after the unofficial start of the holiday shopping season in the U.S. topped expectations. But trading in Europe was subdued hours before finance ministers gathered yet again to discuss what to do about Greece. Benchmark crude oil fell but remained above $88 per barrel. The dollar rose against the euro but fell against the yen.
  • There's plenty of fresh economic data on the schedule this week, including a new estimate of U.S. economic growth in the third quarter. That comes Thursday. Numbers on the manufacturing sector, a trio of reports on housing and a measure of consumer confidence are also expected.
  • Shoppers are expected to pound the keyboards and not the pavement looking for big bargains today -- Cyber Monday. Research firm comScore suggests it will be a big online success, with Americans expected to spend $1.5 billion, up 20 percent from last year. Retailers have ramped up their deals to get shoppers to click on their websites.
  • Swiss bank UBS is facing a big fine by Britain's financial regulator for failings which allowed a rogue trader to lose $2.3 billion. The Financial Services Authority levied a fine of $47.6 million. The trader was sentenced to seven years in prison last week. The regulator says the case revealed serious weaknesses in UBS procedures, management systems and internal controls.

You can find more business news on the Back to Business page of KELOLAND.com.

Previous Story

Next Story




Sponsored

 


View business

You may also like

Red Robin Hiring In Sioux Falls

6/24/2015 2:51 PM

There is evidence that Red Robin is coming to Sioux Falls.

Full Story
Wild Bat Found At Great Plains Zoo Tests Positive For Rabies

6/26/2015 11:19 AM

The Great Plains Zoo is warning visitors after a bat found on a sidewalk there tested positive for rabies.

Full Story
Presidential Proposal Would Expand Overtime Pay

6/30/2015 7:08 AM

Obama is unveiling a proposal to require overtime pay for workers who earn up to $970 per week, up from the current $455 threshold.

Full Story
Speed Limit Dropping To 75 MPH Along Stretch Of I-90

6/26/2015 1:53 PM

Starting next week, drivers on Interstate 90 will have to slow down from the Wyoming border to just west of Exit 55 in Rapid City.

Full Story
Moe's Southwest Grill Selects Sioux Falls Location

6/29/2015 12:41 PM

You will soon have a new option for chips and salsa, salads and tacos in Sioux Falls.

Full Story


Events