Business Bible Headlines: February 6 @ 4:00PM ET

This is a Business Bible News Headlines for Friday, February 6 at 4:02 PM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's business headlines, Big Tech companies are gearing up to spend $650B this year as the race for artificial intelligence intensifies, according to Bloomberg. Stellantis has announced it will take approximately $22B in charges as part of its strategy to reset its electric vehicle plans, also detailed by Bloomberg. In the world of beverages, Coca-Cola is making headlines by ending Minute Maid's frozen juice era after 80 years, as reported by Axios. Meanwhile, significant layoffs continue to affect the job market, with Forbes reporting a surge in layoffs across the United States in January. In another significant development, the Financial Times highlights that Big Tech's spending spree of $660B has sparked fears of a bubble forming in the AI industry. The jobs market is also showing troubling signs, with Axios noting hard-to-ignore cracks appearing in employment figures. In overseas trading, the Nikkei leads the way with a move of 405 points. In US markets, the S&P 500 is up 131 points to 6,930, the Dow Jones Industrial Average is up 1,192 points to 50,101, and the Nasdaq Composite is up 487 points to 23,028. The ten-year Treasury yield is at 4.21. In commodities, Brent Crude is flat at $63 per barrel and Gold is up $116 to $4,977 per ounce. In sports news, NFL.com's Cynthia Frelund has released her first mock draft for the 2026 NFL Draft, projecting which teams will target wide receivers in the first round. In entertainment, Variety reports on Rotten Tomatoes' defense of the 99% audience score for the documentary 'Melania,' stating that it is not the result of bot manipulation. Today's Daily Principle is BUSINESS: MANAGEMENT, specifically dealing with Fair Weights & Measures. This principle is found in Proverbs 11–1. The verse reads: 'The Lord hates people who use dishonest scales. He is happy with honest weights.' In modern business, maintaining integrity in transactions and ensuring fairness can build a solid reputation and foster long-term relationships with clients and partners. By employing honest practices in all dealings, companies can create a trustworthy environment that supports sustainable growth and success. As we conclude, remember that the principles from the Bible provide timeless wisdom that can guide us in our business practices today. Learn more at businessbible.com where Daily News meets Daily Principle.