Business Bible Headlines: December 12 @ 4:00PM ET

This is a Business Bible News Headlines for Friday, December 12 at 4:03 PM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's business headlines, the S&P 500 retreats from record highs as the Nasdaq falls more than 1% due to a rotation out of technology stocks, particularly led by movements in Broadcom. According to CNBC, this trend reflects a broader market adjustment as investors seek value in alternative sectors. Meanwhile, Bloomberg reports that Oracle has announced delays to some of its data center projects for OpenAI, now set to extend to 2028, highlighting the ongoing challenges in the tech sector. In further news, CNBC also features Jim Cramer's advice to buy into the recent decline in Broadcom, suggesting that the current market dip presents a buying opportunity for savvy investors. Barron’s discusses Costco's earnings, revealing that the company sold 4.5M pies ahead of Thanksgiving, although this impressive sales figure did not prevent a decline in stock value. Lastly, Investor's Business Daily reports that OpenAI has upgraded its artificial intelligence model and secured Disney as an ally in its competitive battle against Google, indicating significant advancements in the tech landscape. Now, let’s take a look at how global markets are performing today. Global markets are down today, reflecting a general trend of declines across major indices. In overseas trading, the Nikkei leads the way with a move of 704 points. In US markets, the S&P 500 is down 73 points to 6,827, the Dow Jones Industrial Average is down 243 points to 48,460, and the Nasdaq Composite is down 400 points to 23,193. The 10-year Treasury yield is at 4.19. In commodities, Brent Crude is down flat at $57 per barrel, while gold is up $44 to $4,330 per ounce. In sports news, NBC Sports reports that Bengals wide receiver Tee Higgins will not play against the Ravens this weekend due to a concussion suffered in last Sunday's loss to the Bills. In entertainment news, Variety highlights that Christopher Nolan's upcoming film, 'The Odyssey', is set to premiere a six-minute clip in IMAX 70mm format this weekend. Today's Daily Principle is economics, specifically dealing with the 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 consistent value in transactions, a crucial aspect of any successful business operation today as it underscores the need for integrity and trust in financial dealings, ensuring that all parties uphold the agreed terms. Learn more at businessbible.com where Daily News meets Daily Principle.