Attacks by Iran-backed militants in the Red Sea have effectively closed one of the globe’s main trade routes to container ships. Now, oil tankers are starting to avoid the southern Red Sea, and gas prices could begin to rise.
Spirit Airlines is facing tough choices. A judge blocked its $3.8 billion merger deal with Jet-Blue Airways Tuesday. The low-cost carrier is struggling to return to profitability amid rising operating costs and supply-chain problems.
U.S. stocks closed lower, with Apple dropping 1.2 percent after offering rare discounts on its iPhones in China, just days after being overtaken by Microsoft as the world’s most valuable firm.
Goldman Sachs’s fourth-quarter profits beat estimates as equity traders capitalized on revenue from asset and wealth management.
OpenAI is turning from development to democratic process, as it launches a new team to focus on managing artificial intelligence software.
