Business Bible Headlines: March 23 @ 5:00PM ET

This is a Business Bible News Headlines for Monday March 23 at 5:02 PM Eastern Time, Business Bible News where Daily News meets Daily Principle. Business Headlines: LaGuardia Airport was closed following a fatal crash, causing additional travel disruptions. The incident has raised concerns about the safety protocols in place at major airports. In other news, Toyota has announced plans to invest $1B to expand production at its plants in Kentucky and Indiana, signaling a strong commitment to increasing domestic manufacturing capacity. Meanwhile, Tesla's stock has seen a rise following Elon Musk's announcement of the Terafab project, which aims to revolutionize solar and energy storage solutions. Pfizer is moving forward in seeking FDA approval for its Lyme disease vaccine candidate, despite previous trial misses, indicating resilience in its research efforts. In a significant development, bonds have lost $2.5T in value related to the ongoing war in Iran, mirroring losses seen in 2022. Lastly, Goldman Sachs has raised its oil forecasts due to an unprecedented supply shock affecting global markets. BBNews Market Analysis: Global markets are mixed today. In overseas trading, the Shanghai Composite is down 143 points. In US markets, the S&P 500 is up 75 points to 6,581, the Dow Jones Industrial Average is up 636 points to 46,214, and the Nasdaq Composite is up 309 points to 21,956. The ten year Treasury yield is at 4.33%. Commodities: Brent Crude is down $9 to $88 per barrel. Gold is down $159 to $4,411 per ounce. Sports news: In NBC Sports, an article by Mike Florio details the Jaxon Smith-Njigba deal, noting that the contract pushes the new-money average per year bar to $42.15M. Entertainment news: From Variety, Joe Otterson reports that Paramount Plus has set the premiere date for the highly-anticipated Yellowstone spinoff Dutton Ranch, which follows characters Beth and Rip after the events of the parent series. The Daily Principle: Today's Daily Principle is ECONOMICS, specifically dealing with Recession. This principle is found in Genesis 41–30. The verse reads: "After that, there will be seven years of famine, and all the good years will be forgotten, because the famine will ruin the country." This principle teaches that periods of abundance can be followed by times of scarcity. In modern business, this highlights the importance of planning for downturns and ensuring that a company is financially prepared for potential economic challenges. It emphasizes the need for diversification and prudent management of resources to withstand future uncertainties. Learn more at businessbible.com where Daily News meets Daily Principle.