How Caterpillar Is Being Squeezed by Trade War and Global Slowdown

Caterpillar Inc. (CAT), the world’s largest manufacturer of construction and mining equipment, is seeing its profits squeezed amid the ongoing U.S.­-China trade war and slowing global economic growth. The company’s shares are also feeling the weight, having fallen about 19% from their peak closing-high back in January 2018. They are up …

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With thousands missing and displaced after Dorian, the Bahamas may soon get hit by a tropical storm

Recovery efforts on these northern Bahamian islands have only just begun, and many small villages have not yet received aid, according to the Associated Press. Dorian’s 180 mph sustained winds caused an estimated $7 billion of damage. The storm killed dozens, and search and rescue teams are still looking for …

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The monthly median rent for a studio in Manhattan this summer hit an astonishing 11-year high, and the city’s prices are driving people away in droves

REUTERS/Brendan McDermid Regardless of the size of their apartment, renters in Manhattan are bound to spend a not-so-pretty penny. According to a market report released by the real-estate brokerage Douglas Elliman, the median rent for a studio in Manhattan in July and August was $2,700. That number, as Bloomberg reported, …

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