Caterpillar Inc. shares tumbled in premarket trading after the company said its order backlog shrank in the third quarter, in a sign of slowing demand for its iconic yellow machinery.

Caterpillar shook off concerns of a global slowdown in economic activity, posting profit that exceeded Wall Street’s expectations amid demand for the company’s iconic yellow machinery.

Caterpillar Inc., the producer of iconic yellow construction and mining equipment, is moving its headquarters to the Dallas-Fort Worth area, effectively ending its century-long history calling the state of Illinois home.

The Biden administration announced it will invoke Cold War powers to boost domestic production of materials for batteries needed to power electric vehicles and the transition to renewable energy, a move intended to improve U.S. competitiveness in a market dominated by China.

Tesla Inc. agreed to purchase nickel supplies from miner Talon Metals Corp. as an expected surge in demand spurs automakers to secure access to battery metals and other electric car parts.

Self-driving vehicles are moving off the roads and onto the fields. Deere & Co., the largest farm equipment manufacturer in the world, unveiled a fully autonomous tractor on Jan. 4, propelling it past rivals in the tech space.

Deere & Co. union workers ratified a new labor contract with the company Nov. 17 to return to plants across the U.S., putting an end to their first strike since 1986.

The record steel rally is starting to show early signs of cooling, with one top U.S. producer scouring for buyers to take over abandoned orders of high-end metal used by automakers.

Caterpillar Inc. is having a tough time getting the materials it needs from suppliers facing a labor crunch, adding another hurdle for the machinery maker already has said a global chip shortfall may keep it from fully meeting demand this year.

Supply chain snags that have roiled commodity markets and helped push aluminum prices to a 13-year high this week are unlikely to ease any time soon.