This is a Business Bible News Headlines for Wednesday December 24 at 8:11 AM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's business headlines, we start with interest rates as the 10 year Treasury yield sees a decline, prompting investors to reassess the potential path forward following robust GDP data. This update comes as the economy continues to exhibit signs of resilience. Next, oil giant BP announces its decision to sell a 65% stake in its Castrol unit, valued at $10B, as part of its strategy to streamline operations and focus on core business areas. Meanwhile, markets are responding positively, indicated by a report stating that stocks have risen to record levels, with precious metals also advancing, contributing to a bullish sentiment across financial markets. Further, Japan's Sapporo Holdings is set to sell its real estate business in a $3B deal with KKR and PAG, marking a significant shift in its investment strategy. Lastly, a report from Deutsche Bank highlights that a substantial portion of U.S. GDP growth is being supported by artificial intelligence spending, albeit with no guaranteed returns, raising questions about the sustainability of this growth. In overseas trading, the Shanghai Composite leads the way with a move of 22 points. In U.S. markets, the S&P 500 is up 30 points to 6,909, the Dow Jones Industrial Average is up 76 points to 48,439, and the Nasdaq Composite is up 129 points to 23,558. The 10 year Treasury yield is at 4.17. In commodities, Brent Crude is flat at $58 per barrel, and gold is up $42 to $4,524 per ounce. In sports news, the Phoenix Suns defeated the Los Angeles Lakers with a score of 132 to 108, as reported by ESPN. In the entertainment sector, Variety reports that Rob Reiner and his wife passed away shortly after sustaining multiple injuries, as confirmed by their death certificates. Today's Daily Principle is BUSINESS: MANAGEMENT, specifically dealing with Impartial. This principle is found in Exodus 23–3. The verse reads: 'Do not show partiality to a poor person at his trial.' This principle teaches us the importance of fairness and impartiality in business dealings. In the modern business landscape, demonstrating impartiality can foster a healthy work environment, promote trust among employees, and strengthen relationships with clients, ultimately leading to better business outcomes. Learn more at businessbible.com where Daily News meets Daily Principle.
