Fed should lower rates as economy normalizes, Barkin says
Federal Reserve Bank of Richmond President Thomas Barkin said the central bank can lower interest rates as the economy normalizes...
Chinese electric truck maker Windrose is seeking US IPO in 2024
Chinese electric truck maker Windrose Technology Inc. has started preparatory work for an initial public offering in the US next...
Fed holds rates at 22-year high, signals concern on yield rise
The Federal Reserve held interest rates at a 22-year high for a second straight meeting, while suggesting that the recent...
Caterpillar falls as shrinking backlog stokes demand worry
Caterpillar Inc.’s stock tumbled to the lowest price since early June after the company said its order backlog shrank in...
California has an electric big rig mandate, manufacturers will struggle to meet it
California became the first state in the US to set emissions standards for trucks earlier this year. The rules are...
Ford’s lucrative pickup plant hit by major strike escalation
Ford Motor Co. became the latest strike target for the United Auto Workers after members walked out of its largest...
UAW says 4,000 union workers at Mack Trucks will strike Monday
Around 4,000 United Auto Workers members at Mack Trucks will strike Monday after rejecting a tentative agreement in the latest...
AGCO to buy Trimble assets for $2 billion to boost farm tech
AGCO Corp., one of the world’s largest tractor makers, will acquire technology assets from Trimble Inc. for $2 billion to...
