WASHINGTON (Reuters) - Lockheed Martin Corp <LMT.N> has been awarded a $7 billion modification to a contract providing for 114 F-35 aircraft for the U.S. Air Force, the U.S. Marine Corps, the U.S. Navy, and the governments of Norway, Australia and Italy, the Pentagon said on Monday.
(Reporting by Mohammad Zargham; Editing by Sandra Maler)
The insurer was accused by a short-seller of "extensive" fraud.
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People's wealth could take a huge hit as the stock market peaks after one of the longest bull markets ever, according to an investment chief.
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TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc and Nvidia supplier, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand and pushed TSMC's stock to a record high. TSMC saw January-March net profit rise to T$225.5 billion ($6.98 billion) from T$206.9 billion a year earlier.
Even the best stocks fall in a bear market. Here's what to do during a stock market correction to protect your portfolio.
Big Tech earnings are coming up, and Wall Street wants to know how companies are making money on their massive AI investments.
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A downbeat report from ASML dragged down other AI stocks.
Investors rarely get a chance to buy growth stocks at such depressed valuations.