Business Bible Headlines: November 13 @ 4:00PM ET

This is a Business Bible News Headlines for Thursday November 13 at 4:09 PM Eastern Time, Business Bible News where Daily News meets Daily Principle. In today's business headlines, new foreclosures have jumped 20% in October, indicating potential distress in the housing market, according to CNBC. Meanwhile, Yahoo Finance reports that mortgage rates are hardly moving, leaving many borrowers uncertain about their next steps. In staffing news, Starbucks workers have gone on strike, coinciding with the busy Red Cup Day, as reported by BBC News. Additionally, financial setbacks continue for Disney, which has seen its stock drop 8% following a revenue miss and warnings of a protracted battle with YouTube TV, according to Axios. In the financial sector, Fed officials have expressed doubt over a December rate cut, with TipRanks detailing how this could impact monetary policy. Lastly, Financial Times notes that 'Big Short' investor Michael Burry plans to close his hedge fund, citing concerns over market valuations. Turning to global markets, they are mixed today. In overseas trading, the Shanghai Composite leads the way with a move of 30 points. In US markets, the S&P 500 is down 112 points to 6,738, the Dow Jones Industrial Average is down 792 points to 47,462, and the Nasdaq Composite is down 533 points to 22,872. The 10 year Treasury yield is at 4.11. Commodities are showing Brent Crude up flat at $58 per barrel and gold down $36 to $4,168 per ounce. In sports news, NBC Sports reports that Week 11 Fantasy Football rankings are out, evaluating the top plays at quarterback as teams gear up for the weekend's matchups. In entertainment news, Variety reports that Lady Gaga candidly shared her struggles during the making of 'A Star Is Born', revealing she went to the hospital for psychiatric care afterward. Today's Daily Principle is BUSINESS, specifically dealing with Wages. This principle is found in 1 Kings 5–6. The verse reads: 'So send your men to Lebanon to cut down cedars for me. My men will work with them, and I will pay your men whatever you decide. As you well know, my men don't know how to cut down trees as well as yours do.' This principle highlights the importance of fair labor compensation in business contexts. In modern business, ensuring workers are fairly compensated fosters loyalty and productivity, essential for long-term success. Learn more at businessbible.com where Daily News meets Daily Principle.