Shares of Caterpillar Inc. CAT, +2.41% shot up further into record territory Monday, after the maker of construction and mining equipment reported fourth-quarter profit that rose well above forecasts, with particular strength in its energy and transportation business. And for the full-year, the company said sales reached the highest level in the company’s 98-year history, reflecting
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Some insurance companies are pulling back coverage from fire- and flood-prone areas, leaving homeowners with limited affordable options. This trend may even affect the property value of American homes, experts say. The nation’s largest homeowner’s insurance company, State Farm, stopped accepting new applications for policies on property in California in May. Allstate announced in November
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Tesla CEO Elon Musk‘s proposal for a “carbon tax” as a crucial measure against climate change faced criticism from short-seller Jim Chanos on Sunday. Musk, in a post on Twitter (formerly known as X), asserted that a “carbon tax” is the sole action required to address climate change. This statement came in response to a video clip shared by a
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Tech stocks were advancing late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.2% and the SPDR S&P Semiconductor ETF (XSD) adding 0.1%. The Philadelphia Semiconductor index rose 1.3%. In corporate news, Viavi Solutions (VIAV) shares fell 3.9% after the company reported fiscal Q2 non-GAAP diluted earnings late Thursday of $0.11, down
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Visitors are attending a New Year event held by McDonald’s in Shanghai, China, on January 25, 2024.  Costfoto | Nurphoto | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting: Earnings per share: $2.82 expected
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