Business Bible News Market Minute: August 3 @ 4:00PM ET

This is a Business Bible News Market Minute for Monday August 3 at 4:01 PM Eastern Time. According to Bloomberg, Citadel Securities predicts a $500B chip financing debt binge by 2028 as tech companies continue to borrow for data centers. Global markets are up today. In overseas trading, the Nikkei is up 1,841 points. The Dow moved the most today, gaining 699 points to 53,184. Oil is trading at $80 per barrel while gold is at $4,110 per ounce. Today's Daily Principle is BUSINESS, specifically dealing with Lending. This principle is found in Proverbs 22–7. The verse reads: 'Poor people are slaves of the rich. Borrow money and you are the lender's slave.' Learn more at businessbible.com where Daily News meets Daily Principle.