Latest News Updates From Joe Deaux

GovernmentBusiness

Canada, Mexico Steelmakers Refuse New US Orders

Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the U.S. on concerns that President Donald Trump soon will reimpose duties.

January 24, 2025
GovernmentBusiness

Nippon Steel Makes Anti-Import Vow to US Steel Workers

Nippon Steel Corp. is promising unionized workers of United States Steel Corp. that it won’t send steel shipments from its overseas mills as part of its commitments to seal a $14.1 billion takeover of the American company.

November 18, 2024
BusinessEquipment

Caterpillar Misses Estimates on Weakening Construction

Caterpillar Inc. posted a third-quarter profit that missed analysts’ expectations as the machinery producer grappled with weakening demand in construction around the world.

October 30, 2024
BusinessEquipment

Caterpillar Falls as Shrinking Backlog Raises Demand Worry

Caterpillar Inc. shares tumbled in premarket trading after the company said its order backlog shrank in the third quarter, in a sign of slowing demand for its iconic yellow machinery.

October 31, 2023
BusinessEquipment

Caterpillar Defies Slowdown Fears as Profit Tops Estimates

Caterpillar shook off concerns of a global slowdown in economic activity, posting profit that exceeded Wall Street’s expectations amid demand for the company’s iconic yellow machinery.

August 1, 2023
Business

Caterpillar Leaves Illinois to Move to Texas

Caterpillar Inc., the producer of iconic yellow construction and mining equipment, is moving its headquarters to the Dallas-Fort Worth area, effectively ending its century-long history calling the state of Illinois home.

June 14, 2022
GovernmentBusinessFuel

Biden Invokes Defense Production Act to Boost EV Battery Production

The Biden administration announced it will invoke Cold War powers to boost domestic production of materials for batteries needed to power electric vehicles and the transition to renewable energy, a move intended to improve U.S. competitiveness in a market dominated by China.

March 31, 2022
BusinessTechnologyFuelAutonomous

Tesla Strikes Deal for Nickel for Batteries to Ensure Supply

Tesla Inc. agreed to purchase nickel supplies from miner Talon Metals Corp. as an expected surge in demand spurs automakers to secure access to battery metals and other electric car parts.

January 11, 2022
BusinessTechnologyAutonomous

Deere to Bring Fully Autonomous Tractor to Market This Year

Self-driving vehicles are moving off the roads and onto the fields. Deere & Co., the largest farm equipment manufacturer in the world, unveiled a fully autonomous tractor on Jan. 4, propelling it past rivals in the tech space.

January 4, 2022
Business

Deere’s Monthlong Strike Ends With Workers Approving New Deal

Deere & Co. union workers ratified a new labor contract with the company Nov. 17 to return to plants across the U.S., putting an end to their first strike since 1986.

November 18, 2021