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Occidental Petroleum plunged 7.5% as analysts questioned the timing and valuation of its sale of OxyChem to Berkshire.

Occidental Petroleum plunged 7.5% as analysts questioned the timing and valuation of its sale of OxyChem to Berkshire.

``` Occidental Petroleum saw its share price plunge as much as 7.5% on Thursday, making it one of the biggest losers in the S&P 500 index. According to reports, the company has agreed to sell its chemical division, OxyChem, to Warren Buffett’s Berkshire Hathaway for $9.7

Putin: If Russian supplies are lost, oil prices will immediately exceed $100 per barrel.

Putin: If Russian supplies are lost, oil prices will immediately exceed $100 per barrel.

``` Russian President Putin stated at the Valdai International Discussion Club meeting in Sochi that if the global market loses Russian oil supplies, oil prices will quickly break through the $100 per barrel mark. He emphasized that without Russian crude oil, the global energy system and world economy cannot function normally.

Chip stocks boosted the Nasdaq to a new intraday high, while the Dow turned lower; pharmaceutical stocks retreated, Chinese stocks were strong, and Alibaba once rose more than 5%.

Chip stocks boosted the Nasdaq to a new intraday high, while the Dow turned lower; pharmaceutical stocks retreated, Chinese stocks were strong, and Alibaba once rose more than 5%.

``` The U.S. government shutdown is causing increasingly obvious disruptions to economic data, with major U.S. stock indexes showing mixed performance. Chip stocks have become the main driver of the market’s rise, Chinese concept stocks continue to strengthen, while pharmaceutical stocks—the main driver of gains over the

On the second day of the U.S. government shutdown, Trump said he was considering laying off thousands of federal employees.

On the second day of the U.S. government shutdown, Trump said he was considering laying off thousands of federal employees.

``` Media reports say that U.S. President Trump is considering laying off "tens of thousands" of federal employees, and he will make a decision before meeting with White House Budget Director Russell Vought. Analysts say the White House aims to increase pressure on the Democrats to push for

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No support for a rate cut this month? Fed officials reiterate inflation risks, say actions must be "especially cautious"
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``` No support for a rate cut this month? Fed officials reiterate inflation risks, say actions must be "especially cautious" ```

``` An official who will have voting rights on the Federal Reserve's Monetary Policy Committee (FOMC) next year repeatedly emphasized the risk of inflation this week, with the latest remarks calling for cautious rate cuts. On Thursday, October 2nd Eastern Time, Dallas Fed President Lorie Logan stated that the

Sora 2 strengthens new narrative: AI engulfs apps, Meta responds with a decline

Sora 2 strengthens new narrative: AI engulfs apps, Meta responds with a decline

``` The recent surge of OpenAI's latest video generation model Sora 2 and its applications is fueling a powerful new narrative in the market: AI is preparing to devour and reshape the existing software application ecosystem. On Tuesday, OpenAI officially released its most advanced video generation model to date,

The world's number one "robotics nation": China

The world's number one "robotics nation": China

China is continuously consolidating its position as a global leader in robotics technology. According to the latest industry data, China not only dominates the global market in terms of industrial robot installations, total stock, and production, but its domestic brands are also rising at an unprecedented pace in the local