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Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom
Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom
Caterpillar shares jumped in pre-market trading after reporting a second-quarter beat, driven by strong growth in its heavy machinery, power and energy business amid the data center buildout, reshoring, and other activities reindustrializing the nation under the Trump administration.
Revenue soared 24% from one year ago to $20.54 billion, exceeding the $19.01 billion Bloomberg consensus estimate. Machinery, power and energy revenue climbed 25% to $19.58 billion, while operating income surged 51% to $4.21 billion, well...
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Apr 22, 2026 / Tyler Durden
Tesla Slides After Unexpectedly Raising 2026 CapEx Guidance To $25BN
Aug 31, 2026 / Tyler Durden
'Betrayal': Internal Pentagon Spat Emerges Over Leaked Middle East Deployment Plans
'Betrayal': Internal Pentagon Spat Emerges Over Leaked Middle East Deployment Plans
A number of US military top generals have taken the rare step of formally registering warnings to Pentagon chief Pete Hegseth over potential plans for a new phase of strikes against a non-compliant Iran.
The warnings reportedly emerged through the Secretary of Defense Orders Book, which enumerates the availability of US military resources and force posture around the world - with direct input from American regional commanders.
via Reuters
The book is typically published twice a month, but this time it was...
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Sep 4, 2026 / Tyler Durden
Putin Says There's A Chance Of Ukraine Peace Deal, Wants To Restore Full US Relations
Putin Says There's A Chance Of Ukraine Peace Deal, Wants To Restore Full US Relations
Authored by Guy Birchall via The Epoch Times,
Russian President Vladimir Putin said on Sept. 3 that there was "a chance" of achieving peace with Ukraine and expressed a desire to rekindle relations with the United States.
Putin was speaking at a session of the Eastern Economic Forum (EEF) in Vladivostok when he made the comments.
On the subject of Ukraine, the Russian president said Moscow was "grateful to everyone who is trying to contribute to resolving this...
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