Honeywell Plans Aerospace Spinoff for June Amid Business Restructuring
Honeywell International is restructuring operations with plans to spin off its aerospace unit in June and sell its warehouse solutions business.
Honeywell International is restructuring operations with plans to spin off its aerospace unit in June and sell its warehouse solutions business.

Americans face higher costs for gasoline, electricity, and air travel as inflation affects summer activities and household expenses.

Arizona's attorney general filed criminal charges against Kalshi, accusing the prediction markets platform of illegal gambling operations.
March recorded the fastest monthly fuel price increases on record, prompting industry calls for tax reform and economic analysis of growth impacts.

British asset manager Schroders plans to withdraw from China's mutual funds market after a brief three-year presence.

Stock markets experienced volatility this week as earnings results varied by sector, with semiconductors overbought and healthcare facing headwinds.

U.S. senators plan to introduce legislation prohibiting CFTC-regulated prediction markets from offering contracts on sporting events.

Major banks are experiencing renewed strength in deal-making activities while managing increased exposure to private equity transactions.
Chinese electric vehicle manufacturers showcased competitive models at Beijing auto show, targeting European luxury brands' market share.
Nigerian billionaire Aliko Dangote is considering Kenya as a location for a new oil refinery, according to multiple reports.

Mining giant BHP has concluded months of negotiations with China's state iron ore buyer, ending a prolonged commercial standoff between the companies.
U.S. equity fund inflows hit six-week low while DOJ launches antitrust investigation into beef processors amid various market developments.

Oil prices face upward pressure from supply disruptions while automotive and energy companies report varying quarterly results.

The Securities and Exchange Commission has appointed David Woodcock, a partner at Gibson Dunn & Crutcher, to lead its enforcement division starting May 4.
Italian energy company Eni and Spanish firm Repsol have reached an agreement to begin exporting Venezuelan natural gas starting in 2031.
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