A judge has thrown out a conservative challenge to New York City’s fossil-fuel divestment plan, ruling that the city has the authority to make decisions about its investments. The lawsuit, brought by the National Association of Manufacturers, argued that the divestment plan would harm the pension funds of city workers. However, the judge dismissed the case, stating that the city’s decision to divest from fossil fuels is a valid exercise of its authority.
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Caterpillar (CAT) Q2 Profit Falls 21%
Caterpillar (NYSE:CAT) reported Q2 FY2025 results on August 5, 2025, with GAAP revenue of $16.57 billion, exceeding expectations, but Adjusted profit per share at $4.72 fell short of the $4.89 forecast. Despite a 1% year-over-year revenue decline due to cost pressures, material margin declines, and new tariffs, the company continues to serve diverse industries globally with its extensive range of heavy machinery and financial products. Want More Context? 🔎
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