Business Bible News Market Minute: May 15 @ 12:00PM ET

This is a Business Bible News Market Minute for Friday May 15 at 12:00 PM Eastern Time. According to Bloomberg, investors are shedding government bonds across the globe, pushing borrowing costs to multi-year highs due to escalating fears that war-driven inflation will compel central banks to raise interest rates. Global markets are down today. In overseas trading, the Nikkei is down 2,029 points. The Dow is down 502 points to 49,560. Oil is trading at $100 per barrel while gold is at $4,543 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.