Business Bible Headlines: December 24 @ 8:00AM ET

This is a Business Bible News Headlines for Wednesday December 24 at 8:07 AM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's business headlines, major market movements and corporate actions are shaping the landscape. We begin with a report from CNBC detailing how the 10-year Treasury yield is lower as investors assess the path of interest rates following strong GDP data. This suggests that the bond market is reacting to economic signals, with implications for investments and borrowing costs. Meanwhile, another article from CNBC highlights that oil giant BP plans to sell a 65% stake in its $10B Castrol unit. This significant divestiture indicates BP's strategic focus on optimizing its portfolio and adjusting to changing market dynamics. Bloomberg reports on a positive trend in the stock market, stating that stocks are rising to record levels, while precious metals see advances, showcasing investor confidence in the economic recovery. In a different vein, the Financial Times delves into the implications of Donald Trump's K-shaped economy, exploring how economic disparities are affecting different segments of society. Additionally, CNBC covers Japan's Sapporo Holdings announcing the sale of its real estate business in a $3B deal with KKR and PAG, reflecting ongoing consolidation in the real estate sector as companies adapt to shifting market conditions. In overseas trading, the Shanghai Composite leads the way with a move of 22 points. In US markets, the S&P 500 is up 30 points to 6,909, the Dow Jones Industrial Average is up 76 points to 48,439, and the Nasdaq Composite is up 129 points to 23,558. The 10-year Treasury yield is at 4.17. In commodities, Brent Crude is flat at $58 per barrel, and gold is up $42 to $4,524 per ounce. In sports news, ESPN reports that the Phoenix Suns defeated the Los Angeles Lakers 132 to 108 in their recent matchup, showcasing the Suns' strong performance. In entertainment news, Variety reports on the tragic deaths of Rob and Michele Reiner, confirming that they died minutes after sustaining multiple knife wound injuries. Today's Daily Principle is ECONOMICS, specifically dealing with Gold Standard. This principle is found in Numbers 3–47. The verse reads: 'For each one pay five pieces of silver, according to the official standard.' This principle emphasizes the importance of maintaining fair and consistent value in transactions, which is crucial for building trust and stability in any business environment. In modern business, adhering to a standard can foster credibility and enhance relationships with clients and partners, ensuring a foundation of integrity that supports long-term success. As the holiday season progresses, it is vital for businesses to remember the significance of fair practices and the value of maintaining strong ethical standards in all dealings. Learn more at businessbible.com where Daily News meets Daily Principle.