Caterpillar reported a record quarterly revenue of $20.5 billion, a 24% increase driven by strong demand for power-generation equipment linked to artificial intelligence infrastructure. This surpassed analyst expectations of $19.3 billion and marked the company's first quarter with revenue above $20 billion. Adjusted earnings per share soared 73% to $8.17, and operating margins improved significantly. The company also generated $4.4 billion in operating cash flow and returned $2.2 billion to shareholders through buybacks and dividends, signaling robust financial health and growth potential.
US stock futures rose ahead of a busy earnings day, with the S&P 500 futures up 0.2%, nearing a new record high. The rally was supported by a 4.2% drop in oil prices after US Treasury hinted at a potential deal to reopen the Strait of Hormuz, easing ...
Caterpillar reported a record $20.5 billion in sales and revenues for Q2 2026, a 24% increase from the previous year, driven by higher sales volume and favorable pricing. Profit per share rose significantly to $7.77, reflecting strong operational per...
Wall Street is expected to start August mostly higher with Dow Jones futures up 1% and S&P 500 gaining 0.5%, while Nasdaq futures remain flat following a recent tech rebound. Last month, technology stocks struggled, notably the Philadelphia Semicondu...
Palantir Technologies' stock has fallen about 30.5% in 2026, dropping from $177 to around $123 by early August, strengthening Michael Burry's large short position against the company. Despite Palantir's strong revenue growth of 85% year-over-year and...
U.S. markets ended last week higher as the Federal Reserve held interest rates steady, despite some dissent. This week features key economic data including Friday's July jobs report and manufacturing activity, alongside major earnings from SpaceX, AM...
