Business Bible Headlines: June 26 @ 5:00PM ET

This is a Business Bible News Headlines for Friday June 26 at 5:04 PM Eastern Time, Business Bible News where Daily News meets Daily Principle. Business Headlines: In a significant development, Airwallex hits an $11B valuation with a $320M raise as the fintech company pushes into finance run by AI agents, according to CNBC. ON Semiconductor has joined the Edge AI market with a $7B acquisition, although its stock has plummeted, as reported by Barron's. Meanwhile, Volkswagen is set to axe up to 100,000 jobs in a sweeping cost-cutting drive, which was detailed in the Financial Times. The Federal Reserve's direction remains uncertain as policymakers face inflation pressures, according to Axios. Lastly, bond traders are stunned as losses on SpaceX's new debt continue to grow, as highlighted by Bloomberg. BBNews Market Analysis: Today, global markets are down. In overseas trading, the DAX leads the way with a move of down 313 points. In US markets, the S&P 500 is down 19 points to 7,337, the Dow Jones Industrial Average is down 132 points to 51,788, and the Nasdaq Composite is down 152 points to 25,206. The 10-year Treasury yield is at 4.37%. Commodities: Brent Crude is down $1 to $70 per barrel. Gold is up $65 to $4,095 per ounce. Sports news: The New York Mets have fired manager Carlos Mendoza after a 34–47 start, as reported by ESPN. The team announced the decision amid a 6-game losing streak in a challenging season. Entertainment news: In a revealing article by Entertainment Weekly, the fifth and final season of 'The Bear' concludes, providing insight into the fates of Carmy and the restaurant. The article explores the significant moments and themes that resonate throughout the season. The Daily Principle: Today's Daily Principle is ECONOMICS, specifically dealing with self-interest. This principle is found in Matthew 6–33. The verse reads: 'Instead, be concerned above everything else with the Kingdom of God and with what he requires of you, and he will provide you with all these other things.' In today's fast-paced business world, prioritizing values and ethical practices can lead to sustainable success. When businesses focus on their greater purpose and the needs of their community, they often find that their own needs are met in the process. By aligning business objectives with higher principles, organizations can foster trust and loyalty, promoting long-term growth and stability. Learn more at businessbible.com where Daily News meets Daily Principle.