Matthew Griffin

The nonstop enthusiasm for artificial intelligence is spilling into the transportation business, with shares of C.H. Robinson Worldwide Inc. going on a tear after analysts praised its use of automation to boost profits.

Heavy machinery makers Caterpillar Inc. and Cummins Inc. will get a “meaningful” boost to earnings in the next three years as revenue nearly doubles from selling backup generators to help power US data centers, according to UBS.

For most of the year, it looked like power demand from AI was insatiable, sending investors rushing into shares of the companies that generate electricity. Whether coal-fired, wind-driven or nuclear, generators across the board saw dizzying rallies.

O’Reilly Automotive Inc. shares fell more 7% after company executives detailed its exposure to a bankrupt supplier and said inflation is taking a toll on sales to do-it-yourself customers.

US auto stocks took a major hit this week as cracks emerged in the sector following the high-profile implosions of parts supplier First Brands and subprime lender Tricolor Holdings, while renewed tariff tensions raised fresh concerns for investors.

Alliance Laundry Holdings Inc. shares rose 13% after the company and its private equity backer raised $826.3 million in its initial public offering.

Alliance Laundry Holdings Inc. and its private equity owner raised $826.3 million in an initial public offering, pricing the shares at $22 each, the top of a marketed range.

Ahead of the crucial earnings season, threats to the torrid US stock market rally are compounding. With no end in sight for the government shutdown, traders are gearing up for the aftermath as equity valuations are at eye-watering levels and the labor market shows signs of cooling.

The hunt for winners in the artificial intelligence gold rush has landed on an unlikely target: old-line industrial equipment maker Caterpillar Inc.

Fermi Inc. shares traded 33% above their initial public offering price in New York after the energy real estate investment trust raised $682.5 million in its US listing.

Global investors are bracing for the fallout from the US government’s latest shutdown after Congress failed to reach an agreement on funding operations.