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Caterpillar Is the Latest Sign the World's Economy Hasn't Looked This Good in Years

  • Company’s earnings show increased profits, improved outlook
  • Another sign global growth is picking up, more synchronized
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Goldman Co-COO Advises Clients to Invest Cautiously

As Caterpillar Inc. goes, so goes the world economy.

Long seen as a bellwether for global growth thanks to its exposure to multiple industries, Caterpillar’s earnings announcement on Tuesday reinforced the view that the international economic expansion is the most synchronized since the start of the decade.