Business Bible Headlines: June 4 @ 9:00AM ET

This is a Business Bible News Headlines for Thursday June 4 at 9:05 AM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's top business headlines, SpaceX sets an initial public offering price target ahead of its anticipated Nasdaq debut next week, according to Investor's Business Daily. Meanwhile, S&P 500 futures drop after the index snaps a 9-day winning streak amid rising tensions in the Middle East, as reported by CNBC. In a separate report, TSMC warns that its chip supply will not meet the demand fueled by artificial intelligence for years, as shared by Yahoo Finance. Additionally, Quantinuum prices its IPO at $60 a share, which is slated to go public today, as noted by Barron's. Concurrently, the Financial Times reveals that SpaceX has won a tax exemption for its $55B AI chip plant despite local backlash. Finally, it appears that Broadcom's stock has fallen despite posting record quarterly earnings and revenue, according to another report from Barron's. As for the BBNews Market Analysis, global markets are down today. In overseas trading, the Nikkei leads the way down, moving down 1,062 points. In US markets, the S&P 500 is down 52 points to 7,556, the Dow Jones Industrial Average is down 572 points to 50,735, and the Nasdaq Composite is down 230 points to 26,862. The 10-year Treasury yield is at 4.45%. In commodities, Brent Crude is down $3 to $92 per barrel, while gold is up $100 to $4,536 per ounce. In sports news, NBC Sports reports that Jared Verse discusses his opportunity to play freely with Carson Schwesinger behind him after the Browns traded away Myles Garrett. In entertainment news, Variety reveals that Doja Cat has publicly criticized Elon Musk while requesting changes to the platform X, referring to him as a 'barrel-chested Ewok.' Today's Daily Principle is BUSINESS, specifically dealing with Tax. This principle is found in Matthew 22–21. The verse reads: 'The Emperor's,' they answered. So Jesus said to them, 'Well, then, pay to the Emperor what belongs to the Emperor, and pay to God what belongs to God.' In modern business, this principle highlights the importance of fulfilling financial responsibilities to the state while also honoring one's ethical and moral obligations to the community and society at large. Balancing taxes and responsibilities is vital for sustainable operations and long-term success. Learn more at businessbible.com where Daily News meets Daily Principle.