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Tom Linebarger has announced he is stepping down as CEO of Cummins Aug. 1, and has named ‘once in a generation talent’ Jennifer Rumsey as his replacement. Linebarger will stay on as chairman of the board and executive chairman, however he said...

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According to the National Association of Home Builders (NAHB)/Wells Fargo, Housing Market Index (HMI), “Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder sentiment.” The HMI is based on a monthly survey of home builders. In a troubling sign for the housing market,...

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