Business Bible Headlines: July 31 @ 9:00AM ET

This is a Business Bible News Headlines for Friday July 31 at 9:03 AM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's top business headlines, we see a notable surge in Amazon's stock despite a significant increase in their artificial intelligence capital expenditure. The stock has jumped 10%, raising questions about the market's reaction to the company's latest investment strategies. In other news, Nasdaq futures are rising as Wall Street rebounds, with South Korea's Kospi soaring 15% in a strong show of market recovery. Meanwhile, oil prices are easing as traffic in the Hormuz Strait recovers, tempering the previous war premium that had affected prices. Tesla is reportedly considering selling its China unit ahead of a potential SpaceX deal, according to a report from the Wall Street Journal. Additionally, the Bank of Japan has held rates steady at 1%, while cautioning that core inflation may exceed their 2% target. Lastly, Tim Cook provided a stark warning during his final earnings call at Apple about a potential '100 year flood' in memory chip pricing, reflecting on the current challenges facing the tech industry. Business markets are up today. In overseas trading, the Nikkei leads the way with a move of 2,431 points. In US markets, the S&P 500 is up 121 points to 7,437, the Dow Jones Industrial Average is up 614 points to 52,208, and the Nasdaq Composite is up 672 points to 25,114. The 10 year Treasury yield is at 4.7. In commodities, Brent Crude is up $1 to $85 per barrel, and gold is up $1 to $4,102 per ounce. In sports news, the New Orleans Saints have signed wide receiver Chris Olave to a 4 year extension worth $132M. In entertainment news, Variety reports that a sequel series to 'Clueless' has been greenlit, with Alicia Silverstone reprising her iconic role as Cher Horowitz. Today's Daily Principle is BUSINESS: MANAGEMENT, specifically dealing with Fair Value. This principle is found in 1–21:22. The verse reads: "David said to him, “Sell me your threshing place, so that I can build an altar to the Lord, to stop the epidemic. I'll give you the full price.”" This principle emphasizes the importance of fair value in management and business transactions. Just as David insisted on paying the full price for the threshing floor, modern businesses should strive for transparency and fairness in their dealings to build trust and integrity within the market. Learn more at businessbible.com where Daily News meets Daily Principle.