Business Bible Headlines: December 1 @ 8:00AM ET

This is a Business Bible News Headlines for Monday December 1 at 8:04 AM Eastern Time, Business Bible News where Daily News meets Daily Principle. In business headlines today, Bitcoin experiences a significant drop, plunging below $86,000 as risk-off sentiments dominate the markets. According to Bloomberg, the cryptocurrency's downturn reflects a broader risk-averse trend among investors at the start of December. In a related note, Axios reports that President Donald Trump has stated he has chosen his preferred candidate to lead the Federal Reserve, a decision that could influence monetary policy in the coming years. Meanwhile, the Financial Times highlights that the Japanese Yen has strengthened, and bond prices have decreased following comments from the Bank of Japan's governor suggesting a potential interest rate increase, marking a shift in Japan's monetary policy landscape. Additionally, Bloomberg indicates that Asian markets are expected to open cautiously ahead of a busy week of economic data. In other news, BBC reports that South Korean online retail giant Coupang has been impacted by a massive data leak, raising concerns about cybersecurity in the e-commerce sector. Lastly, TechCrunch shares that Varda, a space manufacturing startup, claims to have proven the viability of manufacturing in space and aims to make it a routine operation. BBNews Market Analysis: Global markets are mixed today. In overseas trading, the Shanghai Composite leads the way with a move of 25 points. In US markets, the S&P 500 is up 35 points to 6,848, the Dow Jones Industrial Average is up 279 points to 47,706, and the Nasdaq Composite is up 150 points to 23,365. The ten-year Treasury yield is at 4.02%. Commodities show Brent Crude is flat at $59 per barrel, and gold is up $0 to $4,281 per ounce. In sports news, Sports Illustrated reports that the Super Bowl betting landscape remains unpredictable as the Denver Broncos secure their 9th consecutive win. In other headlines, NBC Sports covers the Broncos' thrilling overtime victory against the Commanders. In entertainment, Entertainment Weekly pays tribute to the late actor Paul Walker, as his daughter honors him 12 years after his passing. Meanwhile, Variety reports that the British Independent Film Awards have recognized the film 'Pillion' as the top honor winner. The Daily Principle: Today's Daily Principle is INVESTING, specifically dealing with Time Horizon 3 years. This principle is found in 1–10:22. The verse reads: 'He had a fleet of ocean-going ships sailing with Hiram's fleet. Every three years his fleet would return, bringing gold, silver, ivory, apes, and monkeys.' This principle illustrates the importance of patience and long-term planning in business. Like the ships that return every 3 years with valuable resources, investors must also look at the long-term horizon to reap substantial rewards. By focusing on the bigger picture and being patient, businesses can achieve sustainable growth and success. Learn more at businessbible.com where Daily News meets Daily Principle.