This is a Business Bible News Headlines for Wednesday January 28 at 9:25 AM Eastern Time, Business Bible News where Daily News meets Daily Principle.In today's business headlines, Amazon is laying off about 16,000 corporate workers in its latest push against bureaucracy, as reported by CNBC. This move comes as the company seeks to streamline operations and reduce overhead costs amidst a challenging economic landscape. Meanwhile, at a Federal Reserve meeting, Chairman Jerome Powell's firm stance on interest rates is taking center stage, as highlighted by NBC News. Powell is navigating pressures from the White House while addressing inflation concerns that have implications for the economy.In the technology sector, futures for the S&P 500 are climbing ahead of crucial Fed decisions and major tech earnings, according to CNBC. Investors are closely watching as the Federal Reserve approaches its decisions that might influence market trends. Bloomberg reports that President Donald Trump’s preference for a weaker dollar is fueling speculation about a potential downtrend for the currency, which could affect global trade and investment. Additionally, UPS is set to cut 30,000 jobs as it distances itself from Amazon, signaling a major shift in its operational strategy, as stated by BBC News.In other news, Archer Daniels Midland Company plans to pay $40M in a settlement with the U.S. Securities and Exchange Commission, avoiding any criminal charges, according to Yahoo Finance. This settlement underscores the ongoing scrutiny companies face from regulators. In the markets, Asia opened mostly higher after the S&P 500 hit a record, with South Korea reaching new highs, as reported by CNBC.In overseas trading, the Shanghai Composite leads the way with a move of 12 points. In U.S. markets, the S&P 500 is up 28 points to 6,978, while the Dow Jones Industrial Average is down 408 points to 49,004. The Nasdaq Composite is up 215 points to 23,817. The 10-year Treasury yield is at 4.25.In commodities, Brent Crude is flat at $63 per barrel. Gold is up $215 to $5,295 per ounce. Bitcoin is up $839 to $89,941, while Ethereum is down $3 to $3,018. Ripple is up $0 to $1.In sports news, the tennis world is in disbelief as 8-time grand slam winners have been eliminated from the Australian Open in a matter of hours, according to Yahoo News Australia. This shocking turn of events has left fans and players alike reeling as they reflect on the unexpected outcomes of the tournament.In entertainment news, Variety reports that Olivia Wilde’s film 'The Invite' has been sold to A24 following its premiere at Sundance. The film garnered attention and sparked a bidding war among distributors, showcasing the competitive nature of the film industry. Additionally, Variety also shares that 'Shrinking' has been renewed for a 4th season at Apple TV, just ahead of its 3rd season premiere.Today's Daily Principle is BUSINESS: MANAGEMENT, specifically dealing with Fair Value. This principle is found in 1 Chronicles 21–22. The verse reads: "David said to him, “Sell me your threshing place, so that I can build an altar to the Lord, to stop the epidemic. I'll give you the full price.”" This verse emphasizes the importance of fairness in business transactions. In modern business, ensuring fair value in exchanges can lead to trust and long-term relationships with partners and customers. It serves as a reminder that ethical dealings create a strong foundation for success in any business endeavor. Learn more at businessbible.com where Daily News meets Daily Principle.
