Sou Hu Cai Jing·2025-10-22 23:48Market Performance - Major global indices experienced a general decline on Wednesday, with the Nasdaq dropping nearly 1% [1] - The Shanghai Composite Index fell by 0.07%, while the Shenzhen Component Index decreased by 0.62% [1] Commodity Market - NYMEX WTI crude oil futures rose by 2.20%, settling at $58.50 per barrel, while ICE Brent crude oil futures increased by 2.07%, closing at $62.59 per barrel [2] - COMEX gold futures saw a slight increase of 0.22%, priced at $4,118.2 per ounce, and COMEX silver futures rose by 1.03%, reaching $48.195 per ounce [2] U.S. Government Debt - The total U.S. federal government debt has surpassed $38 trillion for the first time, marking a significant increase from $37 trillion just over two months ago [4] Corporate Developments - Tesla reported record revenue of $28.1 billion for Q3 2024, a 12% year-over-year increase, but net profit fell by 29% to $1.77 billion, leading to a nearly 5% drop in stock price post-announcement [17] - IBM's Q3 revenue reached $16.33 billion, exceeding market expectations of $16.1 billion, with free cash flow of $2.37 billion also surpassing estimates [18] Technology Sector - Meta is set to cut approximately 600 positions in its AI department to streamline decision-making processes and enhance the impact of each role [15] - Google's Willow chip has achieved a breakthrough in quantum computing, demonstrating a new algorithm that operates 13,000 times faster than the best supercomputers [16] Geopolitical Developments - The EU has approved the 19th round of sanctions against Russia, which includes a ban on importing Russian liquefied natural gas and travel restrictions on Russian diplomats [7] - The U.S. Treasury announced sanctions against two major Russian oil companies, impacting their subsidiaries as well [8]