Caterpillar second-quarter profit jumps on strong power, construction equipment demand

Caterpillar reported a significant increase in second-quarter profit, driven by robust demand for construction equipment and power systems. Simultaneously, McDonald's posted strong financial results for its second quarter. In addition to its profit growth, McDonald's announced the appointment of a new chief to oversee its US operations. Both companies demonstrated strong fiscal performance during this period, reflecting positive growth trends across the industrial equipment and global fast-food sectors respectively.