Latest news with #CaterpillarInc.
Hans India
21 hours ago
- Business
- Hans India
Trump tariffs a 'slow burn' for Wall Street, likely to hit US economy hard
New Delhi: The reciprocal tariffs imposed by US President Donald Trump are a "slow burn" for Wall Street, as they rarely trigger an immediate crisis - but over time, they warp markets, squeeze consumers, and invite retaliation, according to a new report. Investors and policymakers alike would do well to remember that just because the storm isn't here yet doesn't mean it isn't coming, says Zoya Najeeb in an opinion piece in One World Outlook. "While Wall Street pours champagne over record-high stock indexes, the US economy is quietly swallowing a bitter pill: tariffs. The same markets that panicked in April are now shrugging at the reality of a new trade regime - one that could be far costlier than investors seem willing to admit," the article highlighted. White House press secretary Karoline Leavitt recently cheered $29 billion in tariff revenue collected in July, with Commerce Secretary Howard Lutnick predicting $50 billion a month soon. "But tariffs are taxes by another name, and this is a tax hike on Americans at a time when the bottom half of the income ladder is already straining," according to the write-up. Caterpillar Inc., an American construction, mining and other engineering equipment manufacturer, estimates the new tariffs will cost it up to $1.5 billion this year - half a billion in the current quarter alone. "Yet its stock barely flinched, thanks to investor faith in unrelated booms in AI data centres and infrastructure spending. It's a neat metaphor for today's K-shaped economy: Wall Street soars while Main Street watches grocery bills spike and more households turn to 'buy now, pay later' plans just to make ends meet," the report highlighted. The AI gold rush may be propping up the stock indexes, but strip out tech and the S&P 500 is flat. "Even Warren Buffett - hardly a doomsayer - has been quietly selling for 11 straight quarters, amassing a $344 billion war chest to deploy when prices fall. He's betting on a downturn, even if the rest of the market isn't," said the report. In the meantime, former US House Speaker Paul Ryan has warned that "choppy waters are ahead because I think they're (tariffs) going to have some legal challenges."
USA Today
02-07-2025
- Automotive
- USA Today
Caterpillar Inc. celebrates 100 years with traveling exhibit and $54,000 donation
Trailers and tents sprinkled throughout the Caterpillar Lafayette Engine Center in Indiana offered its workers a break from the summer heat alongside a celebratory lunch — while offering a glimpse of the company's past and future. Caterpillar Inc., an iconic Fortune 500 company with a storied history in the construction industry, celebrated its official centennial anniversary on April 15, but in a celebration spanning the entire year, Caterpillar spokesperson Lisa Miller said the company developed four trailers to be deployed to Caterpillar facilities around the world as an interactive exhibit for employees. One of those traveling exhibits made a stop to the Lafayette facility last week. Miller said that in brainstorming before the company's 100th birthday, Caterpillar wanted to find a way to showcase its history to employees. "A lot of the time when you work in a facility like this, you know what your facility does and you see your singular part within this big company," Miller said. "But this allows our employees to see the impact they're making on the company, and the company's impact it's making on the world." As part of each tour stop, Miller said Caterpillar is making a donation to an area nonprofit within each community. A $54,000 donation to Food Finders Food Bank was made in honor of Tuesday's stop in Lafayette. Caterpillar Inc., founded in 1925 through the merger of the Holt Manufacturing Co. and the C.L. Best Tractor Co., first came to Lafayette in 1982, Senior Vice President Bart Myers said. The Lafayette plant currently assembles diesel and natural gas engines, Miller said, producing specifically the 3500, 3600 and the C175 engine models. Myers said he joined the Lafayette Caterpillar facility in 1992 after graduating from Purdue University with a degree in mechanical engineering. Moving up and around in the company through various roles, Myers said he was able to return to the Lafayette plant in 2024. In case you missed it: Microsoft anniversary celebration interrupted by protesters Celebrating the centennial anniversary at the Lafayette plant, given the city's current bicentennial celebration, is exciting, Myers said, knowing the company's continued growth has been supported by the city. "For the local employees, it's a chance for us to reflect on 100 years of history," Myers said. "At Caterpillar, one of our goals is to build a better, more sustainable world. As our employees go through this traveling showcase, they get to see how our products are used today, how they were used tomorrow, and how we'll do that in the next 100 years." But for some employees like Stephen Bloch, a senior systems analyst for Caterpillar, seeing much of the history within the exhibit is like taking a walk down Memory Lane. Bloch's 57-year history with the company predates the Lafayette facility. When the Peoria, Illinois, plant announced in the late 1970s that a new facility would be built in Lafayette, Bloch said the company was looking for voluntary transfers to the Hoosier state. At the time, Bloch said he had a young family, and he'd never heard of "Lafayette," but he and his wife knew they wanted to raise their family in a smaller city. Standing in the parking lot of the Lafayette plant, Bloch pointed across the street, remembering the early days of when a horse farm stood where Target and Dutch Bros now do, or when Creasy Lane was a dirt road. Does he regret the choice to come to Lafayette back then? Absolutely not. "It's been a really good career. This job has taken me around the world, and I don't think I would have had those opportunities anywhere else," Bloch said. "I've helped support our facilities in Texas, Georgia, Florida, Mississippi ... I've got friends all over the world, and I owe that to Caterpillar." He's old enough to retire if he wanted to, Bloch said. But he simply loves what he does, and he loves working for Caterpillar. The loyalty to Caterpillar stems from when he was a young college student, Bloch said, recalling working nights at the Peoria plant so he could attend Bradley University during the day. That schedule worked fine for Bloch until he got word that he was being bumped up to work the day shift. For most people, that would be great news, but Bloch said that for him, it was the opposite. "So, I go and talk to my supervisor, who arranged for me to have a discussion with somebody else who I'd never met. I laid out my sob story, and he looks me in the face and says, 'I'm sorry, but I can't do anything. It's a union shop, and I have to follow the rules,'" Bloch recalled with emotion in his voice, taking a moment to gather himself. "That night, I got a phone call that there is an opening in the second shift, asking if I would be interested. Somebody had to do something to make that happen behind the scenes," he said. "It's the culture of Caterpillar that allows for these things to happen." Walking through the trailer retrofitted with collages of current employees, pieces of American history are intertwined with Caterpillar's legacy, and what the future could look like within Caterpillar facilities. Bloch said he knows he won't be around for the company's next 100 years. But he's confident that Caterpillar is on the cutting edge of technology to help create a more sustainable world. Jillian Ellison is a reporter for the Journal & Courier. She can be reached via email at jellison@
Hype Malaysia
17-06-2025
- Entertainment
- Hype Malaysia
Cat Footwear & Louis Vuitton Get Boots On The Ground With Epic New Collections
Boots are easily the most versatile yet fashionable footwear out there. Whether you're carrying heavy loads and are simply looking for the best way to protect your feet, or strutting down the runway with chunky but comfortable kicks like a boss, boots in any shape or form, are everyone's best friend. Whether you're in for the function or the form, these boots from Cat Footwear and Louis Vuitton have you covered! Cat Footwear Centennial Collection Cat Footwear is celebrating 100 years of Caterpillar Inc. with a new limited-edition collection that includes three boots that honour the significant engineering milestones the company has contributed to. The footwear brand continues to whimsically reimagine the technical portfolio for the Centennial Collection, drawing inspiration from Caterpillar Inc.'s original hardwearing boots. Inspired by the construction of the iconic landmark, the Golden Gate Bridge boot alters the iconic Colorado silhouette by incorporating a wraparound cable system. While a grey perforated midsole lends the boot an additional industrial appearance, gold-toned hardware is used along the edges as a decorative substitute for conventional eyelets. The second model in the collection, Apollo 11, is named after the moon landing in 1969 and is based on a technical moon boot with a dusty white colourway, platformed sole, and toe cap. The cuffed boot is perfect for the slopes during ski season because, despite its chunky silhouette, it is remarkably lightweight. The Channel Tunnel shoe, on the other hand, substitutes a tongue torch and a light-up midsole for the conventional Chelsea boot to aid hikers in the dark. Additionally, it features a central zip fastening and heat-sealed seams to enhance functionality in a stylish manner. 'Caterpillar Inc. has shaped the infrastructure of our world – building bridges that define cities, digging tunnels that unite nations, and enabling space-age communications. Each boot is crafted as a tribute to the monumental feats that have shaped our world. 'They represent more than just Caterpillar's legacy; they symbolise enduring commitment to building connections and breaking new ground,' said Thomas Kennedy, President of Wolverine Work Group. If you'd like to check out the collection, head over to Cat Footwear's official website. Louis Vuitton's LV BUTTERSOFT Sneaker Collection The highly-anticipated LV BUTTERSOFT sneaker has finally arrived, and Louis Vuitton has debuted a versatile collection of 24 colourways, including monogrammed pairs. Pharrell's most recent footwear design pays homage to the hip-hop scene of the 2000s by fusing the comfortable silhouette of a vintage sneaker with the opulent craftsmanship of a dress shoe. The shoe's main design elements, such as the LV emblem on the side panel and the embossed 'Phriendship silhouette' of Pharrell's face at the tongue, are highlighted in the special campaign, which stars British actor Callum Turner. Additionally, an embossed lobster on the shoe's back is an Easter egg detail that references Pharrell and Nigo's working relationship. The 'buttery' leather, which is crafted by Italian artisans, gives the shoe a pillow-like feel. Luxury rivals like Miu Miu and Loewe offer flat-soled footwear trends, which are contrasted with the elevated platform soles. The design, which has a silhouette that almost looks cartoonish, is reminiscent of the pixelated motifs from Pharrell's previous collections for the Maison, which were inspired by Minecraft. There is a style for everyone and every occasion thanks to the expansive selection of colourways. The monochrome and duo-tone options are available for US$1,690 (~RM7,166), while the monogram colourways retail for US$2,010 (~RM8,523). Pre-order a pair or check out the full collection at Louis Vuitton's official website. What's your Reaction? +1 0 +1 0 +1 0 +1 0 +1 0 +1 0
Hypebeast
13-06-2025
- Entertainment
- Hypebeast
Cat Footwear Reinterprets Engineering History in Three Limited-Edition Boots
In a new limited-edition collection,Cat Footwearcommemorates 100 years ofCaterpillar three boots that pay homage to the major engineering moments the manufacturer has been part of. With an existing library of designs based on Caterpillar Inc.'s original hardwearing boots, the footwear brand continues to playfully reimagine the technical portfolio for the Centennial Collection. On the Golden Gate Bridge boot, which draws inspiration from the landmark's construction, it modifies the signature Colorado silhouette with a wraparound cable system. Across the edges, gold-toned hardware is used as a decorative alternative to standard eyelets while a gray perforated midsole gives the boot an added industrial look. Taking its name from the 1969 moon landing, the second model in the collection, Apollo 11, is shaped around a technical moon boot with a platformed sole, toe cap, and a dusty white colorway. Despite its chunky silhouette, the cuffed boot is notably lightweight, making it ideal for the slopes during ski season. In contrast, the Channel Tunnel shoe switches up the staple Chelsea boot with a light-up midsole and tongue flashlight to equip hikers in the dark. It also incorporates heat-sealed seams and a central zip fastening to elevate functionality in a sleek style. 'Caterpillar Inc. has shaped the infrastructure of our world – building bridges that define cities, digging tunnels that unite nations, and enabling space-age communications,' explained President of Wolverine Work Group, Thomas Kennedy. 'Each boot is crafted as a tribute to the monumental feats that have shaped our world. They represent more than just Caterpillar's legacy; they symbolize enduring commitment to building connections and breaking new ground.' Check out the three limited-edition boots in the gallery above and be sure to shop the Centennial Collection on Cat Footwear'swebsitenow.
Yahoo
29-05-2025
- Business
- Yahoo
Backup Power Market Analysis Report 2025-2030 - Demand for Silent and Emission-Free Solutions Drives Shift From Diesel to Battery and Fuel Cell Technologies
This market is driven by factors such as increasing energy volatility, extreme weather events, and grid instability. The report covers recent global tariff developments and their impacts on the Backup Power Market. The market's growth is further propelled by the adoption of diversified technologies, integration of storage solutions, and remote monitoring. Key sectors like data centers, healthcare, and industrial operations are expanding investments in backup power solutions, aligning with regulatory and sustainability mandates. The report includes segmented analysis by type, application, and end-use, encompassing global regions like the U.S., China, Japan, and Europe. Major players such as ABB Ltd., Aggreko plc, and Caterpillar Inc. are featured, offering insights into market strategies and future trends. Backup Power Market Dublin, May 29, 2025 (GLOBE NEWSWIRE) -- The "Backup Power - Global Strategic Business Report" report has been added to global market for Backup Power was valued at US$12.2 Billion in 2024 and is projected to reach US$16.8 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The backup power market is experiencing sustained growth as energy reliability, climate risk, and digital continuity emerge as non-negotiable business and societal priorities. From cloud infrastructure and healthcare to manufacturing and public safety, the strategic role of backup systems is broadening across mission-critical use cases and evolving infrastructure growth drivers include rising outage frequency, grid modernization delays, regulatory requirements for critical infrastructure continuity, and increased deployment of energy storage technologies. Demand is further reinforced by enterprise ESG commitments, regional energy security strategies, and backup's integration into broader distributed energy the global economy becomes more electrified, digitized, and decentralized, could backup power shift from a reactive safety net to a central pillar of proactive, sustainable, and intelligent energy resilience strategies worldwide?Which End-User Segments, Regulatory Trends, and Deployment Models Are Driving Demand for Backup Power Solutions?Data centers remain among the most demanding users of backup power, with uptime guarantees, tier certifications, and service-level agreements (SLAs) mandating multi-layered redundancy and zero-failure tolerance. Hyperscale operators are deploying modular UPS systems, dual-fed generators, and advanced battery storage to maintain power quality across fluctuating loads. Edge computing sites are also driving decentralized backup solutions to support latency-sensitive and distributed data public safety, and critical municipal services are expanding backup investments in response to regulatory mandates and societal expectations. Hospitals, emergency response centers, and water treatment plants are required by law in many jurisdictions to maintain autonomous power for defined durations. Governments are also funding backup installations in schools, community shelters, and remote clinics to enhance emergency preparedness in disaster-prone and industrial sectors are increasingly adopting backup power to safeguard operations, protect assets, and maintain supply chain resilience. Manufacturing plants, mining operations, and logistics hubs are vulnerable to production losses during outages, leading to the deployment of multi-MW backup units or site-specific microgrids. In retail and banking, backup systems ensure uninterrupted service delivery, protect digital transactions, and maintain customer confidence in service reliability during power Scope Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as ABB Ltd., Aggreko plc, Atlas Copco AB, Bloom Energy Corporation, Briggs & Stratton Corporation and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Key Insights: Market Growth: Understand the significant growth trajectory of the Diesel Generators segment, which is expected to reach US$5.8 Billion by 2030 with a CAGR of a 4.0%. The Gas Generators segment is also set to grow at 6.7% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $3.3 Billion in 2024, and China, forecasted to grow at an impressive 8.4% CAGR to reach $3.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Segments Type (Diesel Generators, Gas Generators, Solar Generators, Other Types) Application (Standby Power, Prime Power, Peak Shaving) End-Use (Residential, Commercial, Industrial, Other End-Uses) Tariff Impact Analysis: Key Insights for 2025What's Included in This Edition: Tariff-adjusted market forecasts by region and segment Analysis of cost and supply chain implications by sourcing and trade exposure Strategic insights into geographic shifts Buyers receive a free July 2025 update with: Finalized tariff impacts and new trade agreement effects Updated projections reflecting global sourcing and cost shifts Expanded country-specific coverage across the industry Key Attributes: Report Attribute Details No. of Pages 380 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $12.2 Billion Forecasted Market Value (USD) by 2030 $16.8 Billion Compound Annual Growth Rate 5.5% Regions Covered Global Key Topics Covered: MARKET OVERVIEW Influencer Market Insights World Market Trajectories Backup Power - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Rising Frequency of Power Outages and Grid Instability Throws the Spotlight on Backup Power Solutions Growth in Digital Infrastructure and Remote Work Drives Demand for Residential and Commercial Backup Systems OEM Innovation in Hybrid, Lithium-Ion, and Hydrogen-Based Backup Systems Enhances Energy Storage Capabilities Expansion of Data Centers, Hospitals, and Critical Infrastructure Supports Market for High-Reliability UPS and Gensets Use of Solar-Integrated Backup Power Systems Aligns With Renewable Energy Transition and Cost Savings Adoption of Microgrids and Energy Management Platforms Improves Backup System Optimization OEMs Developing Plug-and-Play and Scalable Modular Systems Support Diverse End-Use Scenarios Rising Popularity of Portable Backup Units Supports Consumer Applications for Events and Emergencies Demand for Silent and Emission-Free Solutions Drives Shift From Diesel to Battery and Fuel Cell Technologies Government Incentives and Disaster Preparedness Programs Support Residential Backup System Deployment Industrial Facilities Embracing Backup Power to Meet Downtime Cost Targets and Compliance Standards Integration of IoT and Cloud Monitoring in Backup Power Systems Enables Predictive Maintenance and Remote Control FOCUS ON SELECT PLAYERS:Some of the 41 companies featured in this report ABB Ltd. Aggreko plc Atlas Copco AB Bloom Energy Corporation Briggs & Stratton Corporation Caterpillar Inc. Cummins Inc. Doosan Corporation Eaton Corporation plc Emerson Electric Co. Enphase Energy, Inc. Exide Industries Ltd. Generac Power Systems, Inc. General Electric Company Himoinsa S.L. Hitachi, Ltd. Honda Motor Co., Ltd. Kohler Co. LG Chem Ltd. Mitsubishi Heavy Industries, Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Backup Power Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
