US lowers tariffs to boost investment in industrial economy
The White House said it will reduce tariffs on farm and construction equipment such as harvesters and forklifts, in an...
US construction spending on data centers eclipses $50 billion
Spending on data-center construction in the US eclipsed $50 billion in April for the first time, according to Census Bureau...
BMO to sell truck, trailer financing businesses to Stonepeak
Bank of Montreal agreed to sell its business that finances trucks, trailers and equipment to Stonepeak, offloading a portfolio that...
AI mania makes old-school industrials behave like chip stocks
Optimism surrounding the potential for industrial companies to profit from the artificial intelligence boom has fueled record-setting momentum in the...
US inflation accelerates as gas, rent and food prices climb
US inflation continued to accelerate in April amid an ongoing climb in gasoline prices driven by the Iran war and...
Caterpillar profit beats on construction and power growth
Caterpillar Inc. posted first-quarter earnings that beat Wall Street expectations on strong sales of construction machinery and equipment used to...
Divided Fed officials hold rates; Powell to stay as governor
Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty...
Caterpillar acquires self-driving electric tractor startup
Caterpillar Inc. has acquired self-driving electric tractor startup Monarch Tractor, according to people familiar with the matter. Monarch, dubbed the “Tesla of...
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