Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core Read more
Tag: Construction Machinery
Caterpillar stock had a great October, and that earned it a downgrade
Shares of Caterpillar Inc. pulled back on Monday after UBS analyst Steven Fisher said he no longer recommended investors buy, as the potential for upside relative to downside risk is Read more
What recession? Caterpillar keeps repeating that demand is ‘healthy,’ ‘strong’ and ‘robust’
In case there was any doubt, Caterpillar Inc. executives said about a dozen times on one conference call that demand remained ‘healthy,’ ‘strong’ and ‘robust.’ Shares of the construction- and Read more
Futures exchange CME considers brokerage, taking cue from crypto rival FTX
CME Group Inc. criticized crypto exchange FTX’s plan to cut out the middlemen in the futures markets. Now, the Chicago exchange giant is taking a step in the same direction. In August, Read more
Leading Chinese companies announce delisting plans from the NYSE
Several Chinese companies on Friday announced they would voluntarily delist from the New York Stock Exchange, a move that comes as they faced the prospect of being forcibly removed. PetroChina Read more
It’s a Tom Jones rally but it may be overbought, say analysts
The latest action in stocks may be a concern for the bulls. The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The Read more
Caterpillar earnings disappoint again: Supply chain challenges, China and strong dollar blamed as sales came up short
Shares of Caterpillar Inc. sank Tuesday, after the construction and mining equipment maker reported another disappointing earnings report, with profit beating expectations but sales coming up a bit shy. The Read more
Can Caterpillar earnings live up to the hype of strong demand and recent stock surge?
Shares of Caterpillar Inc. have soared in recent weeks ahead of earnings, even though investors are usually left disappointed by the construction and mining equipment maker’s quarterly results. Caterpillar is Read more