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GM Electrifies its Future

General Motors dropped a fuel bomb on the auto industry at the end of January. Specifically, it said the fuel of the future for many of its vehicles will be electricity, not gasoline. For an iconic company like GM, that news is beyond big.

Manufacturing Surges in February

Manufacturing hit the accelerator in February, with new orders, production and employment all contributing to a strengthening economy, the Institute for Supply Management said today.

Caterpillar Profit Slips Due to Pandemic

Caterpillar Inc., the Deerfield, Illinois-based maker of heavy equipment, today reported lower quarterly and full-year profit after sales were hit by the COVID-19 pandemic.