On Tuesday, Rocket Lab USA, Inc. ( RKLB ) inked a non-binding preliminary memorandum of terms with the Department of Commerce. Under the deal, Rocket Lab will receive up to $23.9 million in direct funding under the CHIPS and Science Act. This CHIPS investment would create more than 100 direct manufacturing jobs. “Semiconductors are central to modern life, to our economy,...

MicroStrategy Incorporated ( MSTR ) shares are trading lower Tuesday amid a drop in the price of Bitcoin (CRYPTO: BTC). Here's a look at what's going on.  The Details: Bitcoin is down by more than 3% over the past 24 hours at $67,171.52, according to data from Benzinga Pro. MicroStrategy ( MSTR ) is the largest institutional holder of bitcoin...

DUBLIN (Reuters) - Some of the world's largest aircraft lessors faced off against their insurers in a Dublin courtroom on Tuesday at the start of a months-long battle over around 2.5 billion euros ($2.7 billion) of insurance claims related to jets stranded in Russia. Lessors are suing dozens of insurers around the world over losses of at least $8 billion...

09:38 AM EDT, 06/11/2024 (MT Newswires) -- International General Insurance Holdings ( IGIC ) said Tuesday that its board increased the company's existing stock buyback authorization by 2.5 million common shares to 7.5 million common shares. The company said that as of market close on Monday, it had 475,203 shares remaining under the previously announced 5 million share buyback authorization....