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Stocks Sharply Lower on Iran War and Hawkish Powell
Yahoo Finance· 2026-03-18 20:38
The Fed boosted its 2026 US GDP forecast to 2.4% from 2.3% and raised its 2026 US core PCE projection to 2.7% from 2.5%.As expected, the FOMC voted 11-1 to keep the fed funds target range unchanged at 3.50% to 3.75% and said, "US economic activity has been expanding at a solid pace, and inflation remains somewhat elevated."US Feb PPI final demand rose +0,7% m/m and +3.4% y/y, stronger than expectations of +0.3% m/m and +3.0% y/y. Feb PPI ex-food and energy rose +0.5% m/m and +3.9% y/y, stronger than expecta ...
Following the Fed's Rate Decision, the S&P 500 and Dow Fall to New Closing Lows for 2026
Yahoo Finance· 2026-03-18 15:20
Crude oil prices remain high despite attempts to boost global supplies. The IEA last Wednesday released 400 million barrels from emergency oil stockpiles and said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month. The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producer ...
Star Equity Holdings to Release Fourth Quarter 2025 Financial Results on March 17
Globenewswire· 2026-03-13 21:40
Core Viewpoint - Star Equity Holdings, Inc. will release its financial results for Q4 2025 on March 17, 2026, after market close [1] Group 1: Financial Results Announcement - The financial results for the fourth quarter ended December 31, 2025, will be announced after the market closes on March 17, 2026 [1] - A conference call to discuss the results and management's outlook is scheduled for March 18, 2026, at 10:00 a.m. ET [2] Group 2: Company Overview - Star Equity Holdings, Inc. is a diversified holding company focused on acquiring, managing, and growing businesses with strong fundamentals [3] - The company operates through four divisions: Building Solutions, Business Services, Energy Services, and Investments [3] Group 3: Divisional Breakdown - **Building Solutions**: This division includes modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing [5] - **Business Services**: Provides flexible recruitment solutions to global clients, focusing on mid-market and enterprise organizations [6] - **Energy Services**: Engages in the rental, sale, and repair of downhole tools for various industries including oil and gas [7] - **Investments**: Manages and finances the company's real estate assets and investment positions in both private and public companies [8] Group 4: Recent Corporate Actions - On August 22, 2025, the company completed the acquisition of Star Operating Companies, Inc., leading to a name change to Star Equity Holdings, Inc. and a new trading symbol on Nasdaq [4]
Star Equity Holdings to Release Third Quarter 2025 Financial Results on November 13
Globenewswire· 2025-11-07 13:30
Core Viewpoint - Star Equity Holdings, Inc. will release its financial results for Q3 2025 on November 13, 2025, and will hold a conference call to discuss the results and management's outlook [1]. Company Overview - Star Equity Holdings, Inc. is a diversified holding company focused on building long-term shareholder value through the acquisition, management, and growth of businesses with strong fundamentals and market opportunities [3]. - The company operates through four divisions: Building Solutions, Business Services, Energy Services, and Investments [3]. Recent Developments - On August 22, 2025, the company completed the acquisition of Star Operating Companies, Inc., which was previously known as Star Equity Holdings, Inc. This merger resulted in the company changing its name and trading symbol on Nasdaq to STRR and STRRP effective September 5, 2025 [4]. Division Summaries Building Solutions - The Building Solutions division operates in three niches: modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber (glulam) column, beam, and truss manufacturing [5]. Business Services - The Business Services division provides flexible and scalable recruitment solutions to a global clientele, focusing on mid-market and enterprise organizations and partnering with talent acquisition, HR, and procurement leaders [6]. Energy Services - The Energy Services division is involved in the rental, sale, and repair of downhole tools used in various industries, including oil and gas, geothermal, mining, and water-well [7]. Investments - The Investments division manages and finances the company's real estate assets and investment positions in both private and public companies [8].