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.


67° 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

December 12, 2012, 6:38 AM

Wednesday Morning Business Brief

Stocks posted solid gains in Tuesday trading. The Dow added 70 points to 13,248. The S&P tacked on 9 points to 1,428, while the Nasdaq rose 35 points to 3,022. The Dow and the S&P have risen for five straight sessions. Futures trading suggest a lackluster opening today.

  • Expectations that the Federal Reserve will announce a new stimulus plan to help bring life to a lethargic U.S. economy boosted stock markets in Asia, but enthusiasm waned as trading began in Europe. Benchmark crude oil rose above $86 per barrel. The dollar rose against the euro and the yen.
  • The Federal Reserve today wraps up a two-day policy-setting session, where it is expected to announce a revised bond-buying program aimed at supporting economic growth. Fed Chairman Ben Bernanke holds a news conference where he will talk about the outlook for the economy.
  • Economists say some of the anxiety about the fiscal cliff may be misplaced and that a brief fall probably wouldn't be too damaging. Even if New Year's passes with no deal, there would be no need to panic as long as an agreement seemed likely soon. The tax increases and spending cuts could be retroactively repealed.
  • A new report is encouraging news for small business, especially in the wake of Superstorm Sandy. MasterCard Advisors and Wells Fargo report spending by holiday shoppers trumped Sandy's impact on small businesses in November. The report says shoppers spent 5.2 percent more at small retailers in November than they did last year. Total U.S. retail sales increased 4.5 percent for the same period.

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

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Huset's Speedway Purchased By Badlands Group

4/21/2015 5:18 AM

The longtime sprint car track near Brandon will be renamed Badlands Motor Speedway after the 2015 season.

Full Story
Shoppers Swarm Target For Designer Product Line

4/20/2015 1:14 PM

The retailer released its Lilly Pulitzer for Target collection, and many stores were sold out within minutes.

Full Story
Huset's Speedway Sold

4/21/2015 6:00 PM

Started back in the late 1950s, Huset's Speedway is almost as old as the dirt the cars race on.  But that's about to change.

Full Story | Watch
Multi-Million Dollar Athletic Center Planned For Sioux Falls

4/21/2015 5:03 PM

Plans are in the works for a 40,000 square foot athletic training center in southeast Sioux Falls.  With the Pentagon and the new tennis facility...

Full Story | Watch
Amazon Distribution Center In Shakopee Could Employ 1,000

4/22/2015 6:03 AM

The online retailer is asking the city of Shakopee for about $5 million in tax breaks to build the 820,000-square-foot center and warehouse.

Full Story


Events