Business Bible News Market Minute: May 1 @ 12:30PM ET

This is a Business Bible News Market Minute for Friday May 1 at 12:29 PM Eastern Time. According to Bloomberg, Japan likely spent around $34.5B in foreign exchange intervention on Thursday to boost the yen for the first time since July 2024. Global markets are mixed today. In overseas trading, the Nikkei is down 407 points. The Nasdaq is up 249 points to 25,142. Oil is trading at $101 per barrel while gold is at $4,657 per ounce. Today's Daily Principle is ECONOMICS, specifically dealing with Gold Standard. This principle is found in Exodus 30–13. The verse reads: 'Everyone included in the census must pay the required amount of money, weighed according to the official standard. Everyone must pay this as an offering to me.' Learn more at businessbible.com where Daily News meets Daily Principle.