Business Bible News Market Minute: July 20 @ 9:30AM ET

This is a Business Bible News Market Minute for Monday July 20 at 9:30 AM Eastern Time. According to Bloomberg, Jeff Bezos is backing an artificial intelligence startup, CuspAI, which focuses on discovering new materials for semiconductor production, having raised nearly $500M. Global markets are down today. In overseas trading, the Nikkei is down 2,722 points. The Nasdaq moved the most today, down 361 points to 25,520. Oil is trading at $81 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.