This is a Business Bible News Headlines for Friday November 14 at 8:06 AM Eastern Time, Business Bible News where Daily News meets Daily Principle. Business Headlines: In a significant market shift, Bloomberg reports that risk aversion is sinking market high flyers as hopes for a Federal Reserve rate cut diminish. Investors are increasingly cautious following mixed signals from economic indicators, leading to a sell-off in high-growth stocks. Next, we turn to the Financial Times, where it has been reported that Chinese investment has fallen by the most since the pandemic. This decline reflects ongoing concerns over economic stability and regulatory pressures within China, raising alarms among global investors. Additionally, Oracle has been hit hard in Wall Street’s tech sell-off over its substantial artificial intelligence investments, as noted by the Financial Times. The company's stock has seen a notable decline, causing concern among shareholders regarding the sustainability of its AI strategy amid a broader market downturn. Reporting from Fortune highlights Palantir's CEO's strong defense against critics who label the technology as a surveillance tool. He asserts that embracing patriotism can lead to financial success, positioning the company in a contentious debate over privacy and innovation. Lastly, NBC News covers a major strike involving over 1,000 Starbucks workers across 65 stores, coinciding with the popular Red Cup Day, emphasizing labor unrest in the retail sector as workers demand better wages and working conditions. BBNews Market Analysis: Global markets are down today. In overseas trading, the Nikkei leads the way with a move of down 960 points. In US markets, the S&P 500 is down 112 points to 6,738, the Dow Jones Industrial Average is down 792 points to 47,462, and the Nasdaq Composite is down 533 points to 22,872. The 10-year Treasury yield is at 4.11. Commodities: Brent Crude is flat at $59 per barrel. Gold is down $73 to $4,113 per ounce. In sports news, ESPN reports that the NFL will have its first game in Spain this weekend, featuring the Washington Commanders and Miami Dolphins. This event marks a significant milestone for the league, expanding its international presence and fan engagement. In entertainment news, Variety reports that a man has been charged in court after grabbing Ariana Grande at the Asian premiere of 'Wicked: For Good' in Singapore, raising discussions about safety at public events. The Daily Principle: Today's Daily Principle is ECONOMICS, specifically dealing with Scarcity. This principle is found in Ephesians 3–20. The verse reads: 'To him who by means of his power working in us is able to do so much more than we can ever ask for, or even think of.' In today’s fast-paced business environment, the concept of scarcity often challenges leaders to think creatively and resourcefully. By recognizing the limitations of resources, businesses can innovate and find new ways to serve their customers, turning challenges into opportunities for growth and sustainability. Learn more at businessbible.com where Daily News meets Daily Principle.
