Honeywell gives shareholders another reason to like the stock ahead of its breakup

Honeywell shares were on track for a record-high close Tuesday after the industrial conglomerate said it is re-evaluating what to do with two lagging businesses ahead of its planned three-way split. The news Honeywell announced Tuesday it is exploring strategic alternatives for its productivity solutions and services (PSS) unit and its warehouse and workflow solutions…

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Tariff-fueled inflation, meteor strike both rare

A top White House economic advisor on Tuesday likened the odds that President Donald Trump‘s tariffs will lead to higher prices to those of a meteorite striking earth. “Rare events happen. We get pandemics or, or meteors or whatever,” said Stephen Miran, chairman of Trump’s Council of Economic Advisers, on CNBC’s “Squawk Box.” But “there’s…

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BlackRock keeps its foot on the private-markets pedal with another acquisition

BlackRock’s new acquisition pushes the asset manager one step deeper into private markets. The news The asset management giant on Monday announced an agreement to buy ElmTree Funds, a real estate investment firm that manages roughly $7.3 billion in assets. ElmTree, which leases commercial properties to single-tenant renters, will be integrated into BlackRock’s new group…

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