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NASDAQ:TRMD 7 January 2026

TORM (TRMD) stock jumps as Oaktree drops below one-third — what changes next

TORM (TRMD) stock jumps as Oaktree drops below one-third — what changes next

TORM shares rose 6.7% to $21.85 after Oaktree Capital’s stake dropped below one-third, triggering a governance overhaul and ending special voting rights. Deputy Chairman David Weinstein exited the board immediately. Hafnia recently acquired 13.97% of TORM and may explore a business combination. Investors await the Feb. 26 annual report and the cancellation of B and C shares.
7 January 2026

Stock Market Today

  • Crude Oil Prices Rise as Strait of Hormuz Closure Cuts Global Supplies
    April 10, 2026, 3:13 AM EDT. Crude oil prices surged, with May WTI crude up 3.66%, following the closure of the Strait of Hormuz, a strategic chokepoint handling about 20% of global oil shipments. The shutdown restricts Gulf crude flows, forcing a roughly 6% production cut amid storage limits. Saudi Aramco also raised prices by $17 a barrel for its main oil grade to Asia, marking a record jump. Meanwhile, gasoline prices dropped slightly, influenced by hopes for Middle East de-escalation as Israel agreed to talks with Lebanon. The US and Iran blame each other for ceasefire violations, complicating the outlook. Despite OPEC+'s plan to raise output by 206,000 barrels per day (bpd) in May, the Middle East conflict hampers production restoration efforts.

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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 10.04.2026

10 April 2026
LIVEMarkets rolling coverageStarted: April 10, 2026, 12:00 AM EDTUpdated: April 10, 2026, 3:16 AM EDT Crude Oil Prices Rise as Strait of Hormuz Closure Cuts Global Supplies April 10, 2026, 3:13 AM EDT. Crude oil prices surged, with May WTI crude up 3.66%, following the closure of the Strait of Hormuz, a strategic chokepoint handling about 20% of global oil shipments. The shutdown restricts Gulf crude flows, forcing a roughly 6% production cut amid storage limits. Saudi Aramco also raised prices by $17 a barrel for its main oil grade to Asia, marking a record jump. Meanwhile, gasoline prices dropped
MARA Holdings Stock Rises Even After Target Cut as Bitcoin Miner Leans Harder Into AI

MARA Holdings Stock Rises Even After Target Cut as Bitcoin Miner Leans Harder Into AI

9 April 2026
MARA Holdings shares rose 1.7% to $9.67 Thursday despite Cantor Fitzgerald cutting its price target to $10. The company recently sold 15,133 bitcoin for $1.1 billion and agreed to repurchase $1 billion in convertible notes at a discount. MARA is expanding into AI and cloud infrastructure, but fourth-quarter revenue fell 6% and it posted a $1.7 billion net loss.
CoreWeave secures fresh $21 billion Meta AI deal as debt push raises stakes

CoreWeave secures fresh $21 billion Meta AI deal as debt push raises stakes

9 April 2026
Meta Platforms signed a new $21 billion deal with CoreWeave for AI cloud computing capacity through 2032, according to a securities filing. CoreWeave shares rose 3.4% in after-hours trading. The agreement adds to a $14.2 billion commitment disclosed last September. CoreWeave also launched $3 billion in convertible notes and upsized a senior-notes deal to $1.75 billion.
Tesla Revives Cheaper EV Push With New Compact SUV as Sales Pressure Builds

Tesla Revives Cheaper EV Push With New Compact SUV as Sales Pressure Builds

9 April 2026
Tesla is developing a lower-cost compact SUV, with initial production planned for Shanghai, Reuters reported Thursday. The company built 408,386 vehicles and delivered 358,023 in the first quarter, leaving its widest gap in at least four years. Reuters said the new SUV likely will not reach production this year. Tesla did not respond to questions about the project.
NIO ES9 Price Starts at 528,000 Yuan as Flagship SUV Bet Faces China EV Slump

NIO ES9 Price Starts at 528,000 Yuan as Flagship SUV Bet Faces China EV Slump

9 April 2026
NIO opened pre-orders for its ES9 flagship SUV Thursday, pricing it at 528,000 yuan with battery or 420,000 yuan under its Battery-as-a-Service plan. March deliveries rose 136% year-on-year, but NIO’s U.S. shares fell 4.9% after the announcement. The ES9 enters a shrinking premium SUV market in China, competing with Li Auto and Aito. CEO William Li warned chip shortages could add up to 10,000 yuan per vehicle.
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