Business Bible News Market Minute: July 17 @ 12:00PM ET

This is a Business Bible News Market Minute for Friday July 17 at 12:00 PM Eastern Time. According to Bloomberg, Chinese AI pioneer Moonshot unveiled a new model that it claims performs on par with some of the top-tier platforms from OpenAI and Anthropic PBC, highlighting the technology gap closing between China and US rivals. Global markets are down today. In overseas trading, the Nikkei is down 4,638 points. The Nasdaq is down 260 points to 25,621. Oil is trading at $80 per barrel while gold is at $4,023 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.