Business Bible News Market Minute: July 17 @ 11:30AM ET

This is a Business Bible News Market Minute for Friday July 17 at 11:32 AM Eastern Time. According to Bloomberg, Chinese AI pioneer Moonshot has unveiled a new model that reportedly performs on par with top-tier platforms from OpenAI and Anthropic PBC, indicating that China's artificial intelligence labs are closing the technology gap with their U.S. counterparts. Global markets are mixed today. In overseas trading, the Nikkei is down 4,638 points. The Nasdaq is down 380 points to 25,501. Oil is trading at $80 per barrel while gold is at $4,015 per ounce. Today's Daily Principle is ECONOMICS, specifically dealing with Growth. This principle is found in Genesis 41–29. The verse reads: 'There will be seven years of great plenty in all the land of Egypt.' Learn more at businessbible.com where Daily News meets Daily Principle.