This is a Business Bible News Headlines for Thursday November 13 at 8:10 AM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's business headlines: the United States Mint has minted its final 1-cent coins after over 230 years in circulation, marking the end of an era for the penny. This information comes from ABC News. Furthermore, according to CNBC, the UK economy has barely grown in the 3rd quarter, missing forecasts just ahead of a crucial budget announcement. Meanwhile, Disney is set to report its earnings before the market opens, and analysts are closely watching for insights into the company's performance, as detailed by CNBC. In other news, Kim Kardashian's shapewear brand, Skims, has achieved a valuation of $5B, according to BBC News. Lastly, Bloomberg reports that Asian traders are cautious as a data void clouds the economic outlook, creating uncertainty in the markets. In overseas trading, the Shanghai Composite leads the way with a move of 30 points. In US markets, the S&P 500 is up 5 points to 6,852, the Dow Jones Industrial Average is up 333 points to 48,261, and the Nasdaq Composite is down 58 points to 23,410. The 10-year Treasury yield is at 4.07. Turning to commodities, Brent Crude is flat at $58 per barrel, while gold is up $43 to $4,247 per ounce. In sports news, NBC Sports reports that Jahmyr Gibbs is closing in on Barry Sanders’ NFL record for most touchdowns before age 24. The 23-year-old Gibbs has 41 career touchdowns and is on track to break Sanders' record of 47 touchdowns before turning 24. In entertainment news, Entertainment Weekly reveals that President Donald Trump left a voicemail for Sharon Osbourne following the death of her husband, Ozzy Osbourne. The voicemail expresses Trump's condolences to the Osbourne family during this difficult time. Now, let's move on to The Daily Principle. Today's Daily Principle is ECONOMICS, specifically dealing with Recession. This principle is found in Genesis 41–30. The verse reads: 'After that, there will be seven years of famine, and all the good years will be forgotten, because the famine will ruin the country.' This principle teaches us about the cyclical nature of economies and the importance of planning for downturns. In modern business, this can be a reminder to prepare for potential economic challenges and to maintain reserves during prosperous times, ensuring resilience when faced with adversity. Learn more at businessbible.com where Daily News meets Daily Principle.
