Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
Caterpillar reported quarterly earnings and revenue that handily topped analysts' expectations on Thursday.
Here's how the company did compared with what the Street expected:
The company's stock popped nearly 4 percent in premarket trading following the report, before settling below 3 percent.
Caterpillar's quarterly results include a $2.4 billion charge, equal to $3.91 per share, due to the enactment of the tax reform legislation signed into law in December.
The company also issued 2018 guidance that exceeded analysts' expectations. Caterpillar expects adjusted earnings per share between $8.25 and $9.25, ahead of FactSet analysts' forecasts of $8.15 per share.
"We are in the early stages of implementing our strategy for profitable growth," CEO Jim Umpleby said.
The machinery manufacturer was the second-best performing stock on the Dow Jones industrial average in 2017.
The company could also stand to benefit from the Republican tax overhaul signed into law in December. Analysts at J.P. Morgan Chase upgraded Caterpillar shares in January, crediting the Republican tax bill for their positive outlook on the company.
However, Caterpillar's current method of handling its taxes — namely, by using a Swiss subsidiary to slash its corporate rate — could be compromised in a $2 billion fight with the IRS.