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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 14, 2026 / Tyler Durden
Tesla China CEO Says Shanghai Gigafactory Is "Golden Key" To Optimus Robot Production
Tesla China CEO Says Shanghai Gigafactory Is "Golden Key" To Optimus Robot Production
Tesla's China president was quoted by local media on Tuesday as saying the Shanghai Gigafactory could eventually play a major role in mass-producing humanoid robots. The comment comes after Tesla said earlier this year that it would pivot away from producing Model S and X vehicles at its California factory and convert the vehicle production lines to Optimus robot production.
The Shanghai Morning Post quoted Allan Wang Hao, a senior executive at Tesla China, who said the...
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Mar 8, 2026 / Tyler Durden
US Explores High-Risk Plan To Seize Iran's Nuclear Stockpile In Potential Gateway To Ground Troops
US Explores High-Risk Plan To Seize Iran's Nuclear Stockpile In Potential Gateway To Ground Troops
Update(1555ET): The United States and Israel are boasting of having effectively achieved total air superiority over Iran's skies, but this presents yet more questions as to what the end-game will be. The allies have as one key goal securing Iran's stockpile of highly enriched uranium - most of which may be buried deep under a destroyed nuclear site at Isfahan (taken out during the June war) - but then the conundrum remains... how?
Axios reports on one plan which...
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Mar 8, 2026 / Dave DeCamp
Israeli Strike Kills Three Palestinians in Gaza City
An Israeli airstrike killed three Palestinians in Gaza City on Sunday, the head of the al-Shifa Hospital told Reuters, as Israeli attacks continue to hit the Strip amid the US-Israeli war against Iran. According to medics, the Israeli attack struck western Gaza City near a crowded tent camp, killing three men, including a paramedic. Several […]
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