The case for Honeywell breaking itself up gets even stronger after its Bombardier deal

Honeywell ‘s new partnership with Canadian planemaker Bombardier makes it clear that the American industrial conglomerate’s aerospace business should be operating on its own, Jim Cramer said Tuesday. The news Club holding Honeywell and Bombardier announced a research-and-development collaboration on aircraft technology, including cockpit systems, engines, and satellite communications. Quebec-based Bombardier is known for its … Read more

JPMorgan sees a modest market gain next year, but notes two threats

JPMorgan is sticking by a resilient growth forecast for the U.S. market in 2025 — calling for further gains fueled by the nation’s continued global dominance coupled with easier monetary policy and broad corporate investment in artificial intelligence-related spending. But risks could come from the stock market’s sky-high valuations and whether the Federal Reserve “opens … Read more

Secret Service shoots near Treasury Secretary Janet Yellen home

Treasury Secretary Janet Yellen delivers remarks on the Inflation Reduction Act after visiting the site of a new paperless processing initiative in McLean, Virginia, on August 2, 2023.  Stefani Reynolds | Afp | Getty Images A U.S. Secret Service agent opened fire near the Washington, D.C., home of Treasury Secretary Janet Yellen after confronting several … Read more