Business Bible News Market Minute: May 12 @ 4:00PM ET

This is a Business Bible News Market Minute for Tuesday May 12 at 4:00 PM Eastern Time. According to Bloomberg, the UK bond market has tumbled as long-term bond yields reach their highest levels since 1998 due to renewed concerns over Prime Minister Keir Starmer's future and the weakened state of Britain's finances. Global markets are down today. In overseas trading, the DAX is down 379 points. The Nasdaq is down 183 points to 26,090. Oil is trading at $102 per barrel while gold is at $4,717 per ounce. Today's Daily Principle is ECONOMICS, specifically dealing with Recession. This principle is found in Genesis 41–30. The verse reads: 'After that, there will be seven years of famine, and all the good years will be forgotten, because the famine will ruin the country.' Learn more at businessbible.com where Daily News meets Daily Principle.