Rockwell’s March-quarter results were surprisingly weak for a beneficiary of two broad investment themes—onshoring and automation. Customers’ excess inventories were partly to blame. Now earnings are expected to decline this fiscal year. … Also: Jackie surveys the distressed office real estate market, where financing is suffering amid higher-for-longer interest rates. But leases for high-end office space are flying off the figurative shelves as companies try to entice employees back to the office. … And in our Disruptive Technologies segment: a novel approach to storing solar and wind energy, using compressed air.
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