According to a statement released by the U.S. military on Monday, the U.S. Army has signed various contracts totaling roughly $520 million with the military-industrial complex Lockheed Martin to replace the multiple-launch rocket systems that were given to Ukraine. The contracts, according to the declaration, were signed on October 21 and November 2. U.S. Under Secretary of Defense for...

The Bahamas Securities Commission has placed a freeze on the property of FTX Digital Markets, the company that runs the FTX bitcoin exchange. The decision was made in order to stabilize the exchange during a liquidity crisis and preserve assets. "The Commission is aware of statements made in the media alleging improper use, management, or transfer of customer assets to Alameda Research. Any such...

According to trading and media estimates, Apple Corp. grew in value by $190.9 billion, or 8.9%, during Thursday's trading, setting a record for American corporations. At the close of trading on Thursday, the price of the company's shares increased by 8.9% to $146.87. Thus, Apple had a $2.336 trillion market capitalization. Bloomberg reported that "softer-than-expected inflation figures lifted...

German energy company RWE AG, said in its financial records that its net profit fell by 25% to €2.1 billion in the first nine months of 2022 and plunged 72 times in yearly terms in the third quarter. Net profits for the company's third quarter decreased by 72 times to €19 million. In contrast to €2.03 a year earlier, earnings per share were only €0.03. Revenue shot up 2.2 times, totaling €10.744...

According to sources cited by the Wall Street Journal, Taiwan Semiconductor Manufacturing Co. (TSMC), the largest semiconductor manufacturer in the world, plans to construct a new $12 billion semiconductor plant in Arizona (USA). "Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker, is contemplating another multibillion-dollar investment in a plant in Arizona," notes...

Since Elon Musk declared his plan to acquire Twitter in mid-April, the billionaire's net worth has decreased to below $200 billion, falling by $74 billion, writes US Forbes. On Tuesday, November 8, when Tesla shares hit a 52-week low, Elon Musk, the richest man in the world, saw his net worth drop to approximately $195.6 billion. Since Musk's attempt to acquire the social network in response to...

According to the company’s report, European aircraft manufacturer Airbus received 177 orders in October compared to just 13 in September. As a result, there have been 1,033 aircraft ordered since the start of the year. The number of aircraft delivered by Airbus in October increased by five, or 9%, to 60. According to information on the corporate website, 497 aircraft have been delivered since...

According to sources cited by The Wall Street Journal (WSJ), French business Kering SA wants to purchase fashion house Tom Ford. They claim that purchase negotiations are "in process" and that a deal might be signed soon. The amount of the deal has not been announced. The WSJ article reported in August that the American fragrance and cosmetics company Estee Lauder was in talks to buy Tom Ford....

One of the biggest online retailers in the world, Amazon, saw its market valuation slip below $1 trillion for the first time since 2020 as a result of a steep decline in its stock price following the release of its financial statements, according to trading statistics. At the end of Tuesday's trading, the price of the company's shares dropped 5.52 percent to $96.79. Thus, the company's...