Seeking Alpha’s roundup of statements, announcements, and remarks that could impact markets, sectors, or individual stocks.
- Occidental Petroleum (NYSE:OXY) CEO Vicki Hollub said that her company is done making major deals after it closes on the proposed sale of its chemical unit to Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) for $9.7 billion.
“I believe we are done with the big deals,” Hollub said in an interview Thursday with Bloomberg. “This pretty much gets us where we need to be.”
- Donald Trump Jr. said concerns that investors in Trump family-backed World Liberty Financial may be seeking favor with the Trump administration were “complete nonsense.”
“I don’t think anyone actually believes that my father or [Zach’s] father would be looking at ledgers on the blockchain to see who bought what, and that carrying any kind of favor,” Trump told CNBC at the Token2049 crypto conference in Singapore.
World Liberty’s co-founders include President Trump along with sons Donald Jr., Eric, and Barron. Other co-founders include U.S. Special Envoy to the Middle East Steven Witkoff and sons Zach and Alex. President Trump and Steven Witkoff both stepped down from the company when they took office, according to the company’s website.
- Federal Reserve Bank of Dallas President Lorie Logan said she’s taking a cautious approach to future rate cuts given ongoing concerns about inflation.
Logan noted that inflation was still running above the Fed’s target rate of 2% and that she expected tariffs to push the rate higher in coming months.
“My forecast has a little bit slower of a normalization of the policy path in order to make sure we get all the way to 2%. So it will take some time,” Logan told listeners at an event at the University of Texas, according to Bloomberg.
She also indicated that she may not be in favor of an additional rate cut when the Federal Open Market Committee, or FOMC, meets at the end of October.
“It doesn’t appear to be that policy is more than modestly restrictive,” she said, adding that the labor market looked “fairly balanced.”
Logan will become a voting member of the FOMC in 2026.