This is a Business Bible News Headlines for Thursday January 29 at 8:03 AM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's business headlines, Microsoft reports 2Q earnings that surpass expectations on both the top and bottom lines, with cloud revenue breaching $50B. However, despite this strong performance, the company's stock experiences a decline. In another development, SAP faces significant setbacks as its shares see their largest drop since 2020 after 4Q cloud contract growth falls short of investor expectations. Meanwhile, Tesla grapples with a steep decline in profits as expenses related to artificial intelligence rise and sales drop. On a different front, Deutsche Bank surpasses profit expectations in its 4Q earnings report, showcasing resilience in a challenging economic environment. Lastly, gold and copper lead a rally in metals markets, with a weakening dollar affecting global trading dynamics. In overseas trading, the Shanghai Composite leads the way with a move of up 8 points. In US markets, the S&P 500 is down 2 points to 6,976, the Dow Jones Industrial Average is up 6 points to 49,010, and the Nasdaq Composite is up 31 points to 23,848. The 10-year Treasury yield is at 4.25%. In commodities, Brent Crude is up $1 to $64 per barrel, and gold is up $266 to $5,567 per ounce. In sports news, Kevin Stefanski, the new head coach for the Atlanta Falcons, emphasizes the need for the team to hire a general manager before determining the quarterback situation. In entertainment news, a recent episode of "The Masked Singer" reveals the identity of Queen Corgi after she quits the show, adding intrigue to the season. Today's Daily Principle is BUSINESS: MANAGEMENT, specifically dealing with Fair Value. This principle is found in Leviticus 25–50. The verse reads: "They must consult the one who bought them, and they must count the years from the time they sold themselves until the next Year of Restoration and must set the price for their release on the basis of the wages paid hired workers." In the realm of modern business, this principle highlights the importance of fair valuation and negotiation in transactions. It encourages businesses to consider the worth of their assets and the value of labor, fostering a culture of fairness and accountability in financial dealings. When companies prioritize equitable practices, they strengthen relationships with stakeholders and enhance their reputational standing in the market. Learn more at businessbible.com where Daily News meets Daily Principle.
