Caterpillar Inc
Machinery
Caterpillar Inc (CAT) Stock News
The latest CAT headlines and market coverage — 4 recent stories, updated throughout the day.
- Benzinga·
DeepSeek Eyes $7.4 Billion Funding Round At Up To $59 Billion Valuation As Tencent, CATL Back China's AI Champion: Report
Chinese AI startup DeepSeek is preparing to raise approximately $7.4 billion (50 billion yuan) in its first external funding round, potentially valuing the company at $59 billion. Major investors include Tencent (10 billion yuan), CATL (5 billion yuan), NetEase, JD.com, and state-backed AI funds. Founder Liang Wenfeng is contributing 20 billion yuan of personal capital. The funding round could close within weeks.
- GlobeNewswire Inc.·Neutral
Dimensional Fund Advisors Ltd. : Form 8.3 - GAMMA COMMUNICATIONS PLC - Ordinary Shares
Dimensional Fund Advisors Ltd. has disclosed a 1.32% ownership position in Gamma Communications PLC, comprising 1,188,757 ordinary shares valued at 9.5554 GBP per unit as of May 28, 2026. The disclosure was made under Rule 8.3 of the Takeover Code, with a sale of 7,145 shares and a transfer in of 962 shares reported during the disclosure period.
- Benzinga·
ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million for the First Quarter of 2026
Ituran Location and Control Ltd. announced a cash dividend of $0.50 per share (approximately $10 million total) to be paid on July 8, 2026, to shareholders of record as of June 24, 2026. The dividend will be subject to a 20% tax withholding rate. As of March 31, 2026, the company reported retained earnings of $231.3 million and a cash balance of $108.0 million with no outstanding bank debt.
- Benzinga·
CATO REPORTS 1Q EARNINGS
CHARLOTTE, N.C. , May 21, 2026 /PRNewswire/ -- The Cato Corporation (NYSE: CATO ) today reported net income of $9.3 million or $0.47 per diluted share for the first quarter ended May 2, 2026, compared to net income of $3.3 million or $0.17 per diluted share for the first quarter ended May 3, 2025. Sales for the first quarter ended May 2, 2026 were $169.5 million, or an increase of 0.7% from sales of $168.4 million for the first quarter ended May 3, 2025. The Company's same-store sales for the quarter increased 3%. "Our results significantly benefited from the refund claim of IEEPA (International Emergency Economic Powers Act) tariffs in the quarter. Our sales trend softened as the quarter continued in part due to higher fuel prices pressuring our customers' discretionary income," said John Cato, Chairman, President and Chief Executive Officer. " For the foreseeable future we expect our sales to be negatively impacted by rising inflation, especially fuel and food prices, which will reduce our customers' discretionary income." First quarter gross margin as a percentage of sales was 37.2% in 2026 and 35.1% in 2025. The increase in gross margin as a percentage of sales is due in part to a pre-tax $5.7 million tariff refund claim partially offset by lower merchandise contribution caused in part by higher sales of marked-down goods. Selling, General and Administrative expense decreased to $53.9 million in the first quarter of 2026 from $55.3 million in 2025 due to decreases in corporate payroll expense, insurance costs and equipment maintenance partially offset by incentive compensation expense. Selling, General and Administrative expense as a percentage of sales decreased to 31.8% in 2026 compared to 32.8% in 2025. Interest and other income were $1.2 million in both 2026 and 2025. Income tax expense for the quarter decreased to $0.5 million in 2026 from $0.9 million in 202