Despite reporting strong earnings growth for the fourth quarter of 2023, Alphabet and Microsoft saw their share prices fall on Wednesday, as investors were not satisfied with some aspects of their performance.
The ruling, which sided with the Biden administration and six Democratic state attorneys general, marked a major setback for Spirit, which had hoped to join forces with JetBlue to create a national low-fare challenger to the dominant Big Four airlines: American, Delta, United and Southwest.
The software giant’s market capitalization rose to $2.89 trillion at the close of trading, edging out Apple’s $2.87 trillion valuation. The last time Microsoft was worth more than Apple was in November 2021, when both companies briefly crossed the $1 trillion mark.
Argentina and the International Monetary Fund (IMF) have reached a staff-level agreement to revamp the country’s $44 billion loan program, unlocking about $4.7 billion in funding and paving the way for a new debt deal with the lender.
The Red Sea crisis, which began in October 2023 when Yemen’s Houthi rebels launched a series of attacks on Israeli and international shipping vessels, has shown no signs of abating, despite mounting pressure from the United Nations and regional powers.
