Business Bible Headlines: March 24 @ 5:00PM ET

This is a Business Bible News Headlines for Tuesday March 24 at 5:02 PM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's edition, we cover significant business developments affecting the markets and the economy. Let's dive into the latest business headlines. Home flippers are experiencing their smallest profits since the Great Recession, according to a report from CNBC. The data firm revealed that real estate conditions are challenging for those engaging in house flipping, suggesting that profitability has diminished significantly. In another piece of news, the Financial Times reports that Ares Management has limited withdrawals from its $10.7B private credit fund. This decision raises concerns about liquidity in private credit markets, as Ares aims to stabilize its assets amidst ongoing economic uncertainty. Meanwhile, BBC News highlights that oil traders are placing substantial bets ahead of President Trump's anticipated talks regarding Iran. The speculation surrounding these discussions is influencing oil market dynamics as traders prepare for potential shifts in supply and geopolitical stability. Axios reports that the Trump administration has shifted its stance on offshore wind leases, indicating a significant pivot in energy policy. This development could have far-reaching implications for renewable energy projects and investments in the United States. Bloomberg adds that traders are preparing for volatility as they brace for Asia’s daily market movements, emphasizing the unpredictable nature of global trading patterns. Lastly, CNBC discusses market projections for gold, with experts maintaining forecasts that gold could reach $10,000, despite recent bearish trends in the bullion market. Now, let's look at the markets. Global markets are mixed today. In overseas trading, the Shanghai Composite leads the way with a move of 67 points. In US markets, the S&P 500 is down 23 points to 6,557, the Dow Jones Industrial Average is down 77 points to 46,131, and the Nasdaq Composite is down 180 points to 21,766. The 10-year Treasury yield is at 4.39. In commodities, Brent Crude is flat at $88 per barrel, and gold is up $73 to $4,477 per ounce. Now shifting to sports news, NBC Sports reports that the Buccaneers and Lavonte David are scheduling a press conference amid talk of retirement for the longtime linebacker. The announcement indicates potential changes for the team as discussions progress. In entertainment news, Variety reveals that an adult animated series based on the hit comic book series 'Monstress' is in development at Amazon MGM Studios, with Steven Maeda as the co-creator. This project highlights the ongoing trend of adapting popular comics for animated series. Now, let's move to The Daily Principle. Today's Daily Principle is ECONOMICS, specifically dealing with Workweek. This principle is found in Luke 13–14. The verse reads: "The official of the synagogue was angry that Jesus had healed on the Sabbath, so he spoke up and said to the people, 'There are six days in which we should work; so come during those days and be healed, but not on the Sabbath!'" This principle reminds us of the importance of recognizing our work and the days allocated for it. In modern business, this can translate to understanding the balance between work and rest, ensuring that productivity is maximized during workdays while also respecting designated time for recovery. Effective time management can lead to greater success and well-being in the workplace. Thank you for tuning in to Business Bible News Headlines. We hope you found today's updates insightful and informative. We will be back tomorrow with more news and principles to guide your business decisions. Learn more at businessbible.com where Daily News meets Daily Principle.