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Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales
Caterpillar's Parabolic Rise Continues As AI Boom Supercharges Generator Sales
Hyperscalers are deploying as much as $725 billion in capital expenditures this year, primarily on AI data center buildouts, and it comes as no surprise that Caterpillar posted solid first-quarter earnings, as surging on-site power demand has created a boom for the company's power-generation business.
CAT is one of the world's biggest makers of machines used to build, mine, dig, haul, and power industrial sites. But what has investors focused on in recent quarters is its energy and power unit, which...
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May 12, 2026 / Tyler Durden
India More Than Doubles Gold, Silver Tariffs To Defend Crashing Rupee
India More Than Doubles Gold, Silver Tariffs To Defend Crashing Rupee
One day after vehemently denying speculation that India plans to raise duties on gold and silver imports following Prime Minister Narendra Modi's urging people to avoid buying gold for a year due to the impact of the Iran war, India did in fact raise import tariffs on gold and silver in an attempt to defend its currency, a surprise move as the country races to limit the damage from the Middle East war and to shore up foreign-exchange reserves.
The government has...
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Apr 15, 2026 / Dave DeCamp
Vance Says Trump Administration ‘Solved’ Gaza as the IDF Continues Killing Palestinians
Vice President JD Vance said on Tuesday night that the Trump administration had “solved” the problem in the Gaza Strip and touted the so-called “peace agreement” pushed by President Trump, claims that come as the Israeli military continues its constant ceasefire violations, which have killed more than 750 Palestinians. Vance made the comments while speaking […]
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Apr 22, 2026 / Kyle Anzalone
US Officials: Ceasefire Extension Not Open-Ended
Three US officials speaking with Axios claimed that President Donald Trump does not plan to have an open-ended ceasefire with Iran, and is planning to give Tehran under a week to present a proposal to Washington. “Trump is willing to give another three to five days of ceasefire to allow the Iranians to get their […]
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