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October 8, 2026

Thursday, October 8, 2026: Diesel Crack Spreads Hit Record as Export Curbs Widen

The Daily Briefing · Thursday, October 8, 2026
Diesel Crack Spreads Hit Record as Export Curbs Widen
Diesel crack spreads hit record highs, with the U.S. heating, oil crack near $117 a barrel, as China halts fuel exports and Russia extends its diesel ban.
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Also today
Broadcom Lines Up $50B+ Private Debt for OpenAI Chips
Broadcom (AVGO) is arranging over $50 billion in private financing with Apollo and Blackstone to fund OpenAI's custom AI chips, and shares slipped premarket.
Trump's 18, Month Factory Ultimatum: Tariffs Up to 300%
Trump told an Ohio rally that foreign firms have 18 months to build U.S. plants or face tariffs of 150, 300%, days after a limited trade truce with Xi Jinping.
Firmus Grid Cuts IPO Price to A$8.25 as Books Close Early
Nvidia, backed Firmus Grid closed bookbuilding early and cut its ASX IPO price 25% to A$8.25, as investors weighed thin data, center capacity and share supply.
Iran Strike Options Lift Crude Oil Price: Brent Tops $101
The White House has asked the Pentagon for Iran strike options before the November 3 midterms, lifting Brent crude above $101 and WTI toward $90 a barrel.
Wolfspeed (WOLF) Jumps 27% on $1.5B Defense Loan Pledge
Wolfspeed shares rose about 27% after hours on a conditional $1.5 billion, 30, year loan commitment from the Department of War for silicon carbide output.
Samsung Electronics Q3 2026 Profit Tops 100 Trillion Won
Samsung Electronics pre, announced a record Q3 2026 operating profit of 107.4 trillion won (about $80 billion), as AI memory, chip demand lifted margins above 55%.
Houthi Strikes on Riyadh Aramco Refinery Lift Oil Risk
Yemen's Houthis claimed missile and drone strikes on Saudi oil sites near Riyadh, including an Aramco refinery fire, as fighting escalates and Brent holds near $100 a barrel.
Terafab: Musk Says Tesla, SpaceX Will Run Texas AI Fab
Terafab will be built and run by Tesla and SpaceX, Elon Musk said, leaving TSMC at most a sublease as Intel shares rose on its continued role in the project.
SpaceX Stock Slips on $40B Debt Plan for Nvidia Chips
SpaceX stock slipped after a report that the company is seeking $40 billion in Apollo, led debt to fund a large Nvidia AI chip order, with closing expected in 2027.
Gas Tax Suspension and IEA Stock Release: Oil Policy Push
Trump is weighing a federal gas tax suspension while the IEA board meets on releasing oil and diesel stocks, as Brent holds near $100 and diesel sets records.
RBI Raises Interest Rates to 5.5%, First Hike Since 2023
The Reserve Bank of India raised interest rates by 25 basis points to 5.5% on October 7, its first increase in nearly four years, as inflation climbs above target.
Market briefs
Oil Rises to $91 After Qatar Tanker Attack
US crude (CL=F) was up after the tanker Acers was hit 500 km from Hormuz, stoking fears of wider Gulf attacks
CL=F · BZ=F · 6 sources
EU Russia Sanctions Hit Record 1,646 Listings on Missile Chain
Over half target missile makers and 7 North Korean names are added; ministers vote formally on Oct. 12.
6 sources
Haemonetics Stock Jumps 15% After CSL Plasma Device Deal
Haemonetics (HAE) shares hit $117.50 as CSL plans to switch every US plasma center to its devices by 2027.
HAE · 6 sources
Wolfspeed Stock Jumps 14% After $1.5B Defense Loan Offer
Wolfspeed (WOLF) trades near $35.89 as the Pentagon offers a 30, year loan with rights to buy up to 7.5%.
WOLF:NYSE · ON · TXN · 6 sources
From the startup desk
EvenUp Raises $150M at $2B+ Valuation in 2025
EvenUp (US) raised a $150M Series E at a valuation above $2B, led by Bessemer, for AI tools for personal injury law.
Multiply Labs Raises $75M Series B for Drug Robots
Multiply Labs (US) raised $75M from NantWorks, AstraZeneca, Lingotto and Teradyne for robotic manufacturing of cell and gene therapies.
Stuut raises $52.5M Series B for AI order, to, cash, 2026
Stuut (US) raised a $52.5M Series B.
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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