This is a Business Bible News Headlines for Friday October 31 at 7:24 AM Eastern Time, Business Bible News where Daily News meets Daily Principle. In business headlines today, US stock futures show signs of recovery as major players like Amazon and Apple lift market sentiment. According to Bloomberg, optimism around these tech giants is boosting investor confidence, leading to a rally in pre-market trading. Meanwhile, ABC News reports on the implications of a recent US-China deal that could significantly impact rare earth materials, soybean farmers, and social media platforms like TikTok. This deal is seen as a pivotal moment for various sectors, highlighting the intricate relationships between trade and technology. Also from Bloomberg, President Trump highlights a successful negotiation regarding rare earths in a recent meeting with Chinese President Xi, showcasing America's position in global supply chains. On a different front, CNBC observes that China’s manufacturing sector has hit a 6-month low as the Purchasing Managers Index misses projections, indicating potential economic challenges ahead. In contrast, Amazon's recent performance prompts CNBC to raise its price target for the company, driven by strong results from its cloud computing unit. Finally, Investor's Business Daily reports that CoreWeave has terminated a significant deal with Core Scientific after shareholders rejected the proposal, marking a notable shift in the tech landscape. BBNews Market Analysis indicates that global markets are down today. In overseas trading, the Nikkei leads the way with a move of 1,032 points. In US markets, the S&P 500 is down 68 points to 6,822, the Dow Jones Industrial Average is down 108 points to 47,523, and the Nasdaq Composite is down 375 points to 23,583. The ten-year Treasury yield is at 4.09. Commodities reflect mixed trends, with Brent Crude down $0 to $60 per barrel and gold up $17 to $4,018 per ounce. In sports news, ESPN covers the Miami Dolphins' recent struggles, losing to the Baltimore Ravens and facing backlash from fans. The team is currently at 2 wins and 7 losses this season, highlighting ongoing performance issues. Meanwhile, in entertainment news, Entertainment Weekly shares an exclusive first look at the Muppets making their Broadway debut, promising a magical experience for fans. Today's Daily Principle is BUSINESS: MANAGEMENT, specifically dealing with Fair Value. This principle is found in Leviticus 25–15. The verse reads: 'The price is to be set according to the number of years the land can produce crops before the next Year of Restoration.' This principle emphasizes the importance of fair valuation in business transactions. In modern business, understanding the intrinsic value of assets and resources is crucial for sustainable growth. By ensuring that pricing reflects true worth, companies can make informed decisions that benefit both their financial health and the communities they serve. Learn more at businessbible.com where Daily News meets Daily Principle.
