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Caterpillar ($CAT) acquires Skycatch to boost AI-powered mining tech. Stock ticks up in premarket trading. Read the full details.
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Major tech companies (Alphabet, Amazon, Meta) are significantly increasing capital expenditures for AI infrastructure. Rather than betting on which tech company will succeed, investors can gain exposure to the AI boom through industrial companies that supply essential infrastructure—power generation, electrical systems, and cooling hardware—regardless of which tech platform dominates.
Filed: 2026-09-01 AccNo: 0001104659-26-104197 Size: 6 MB Item 1.01: Entry into a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 9.01: Financial Statements and Exhibits
Caterpillar's Construction Industries segment is experiencing robust momentum with revenue increases exceeding 30% in Q1 and Q2 2026, driven by higher sales volumes and favorable pricing. The company is expanding digital, rental, and autonomous solutions while targeting a 1.25x increase in sales to end users by 2030. However, Caterpillar faces intensifying competition from Komatsu and Deere, which are pursuing similar automation and digitalization strategies.
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
Economist Mohamed El-Erian warns of a fundamental imbalance in the bond market as traditional buyers of U.S. debt retreat and yields surge.