Caterpillar, headquartered in Irving, Texas, manufactures construction and mining equipment, engines, and locomotives, employing 113,200 people across three segments: Construction Industries, Resource Industries, and Energy & Transportation. The company also offers financing services through its Financial Products segment.
CAT has been in the news recently: On Wednesday, the market experienced declines due to weak economic data and disappointing earnings reports, impacting various companies. Caterpillar, as part of the broader market environment, may also be affected by these economic trends and investor sentiment.
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