• Mar 13, 2025

Russia Says Drone Attack Causes Fire at Tuapse Oil Refinery

(Bloomberg) -- Ukrainian drone attacks triggered a massive fuel tank fire at Rosneft PJSC’s Tuapse oil refinery, one of the biggest in Russia.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureThe area of ​​the fire is more than 1,

• Mar 13, 2025

Trump Tariffs Hurt US Stocks More Than Other Markets

(Bloomberg) -- President Donald Trump’s tariffs were meant to make America great again, but they ended up inflicting more damage on US stocks than other markets.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureUS equities have fa

• Mar 13, 2025

AI's Lead Over Crypto for VC Dollars Increased in Q1'25, But Does This Race Really Matter?

Despite the crypto 'Trump bump' at the end of 2024, deal flow still favors Artificial Intelligence. But is there a new preference for AI over crypto?

• Mar 13, 2025

Singapore Shipping Firm Hit by US Sanctions Over Iran Oil Links

(Bloomberg) -- A Singapore-based company has been slapped with US sanctions for links to the Iranian oil trade, becoming the first in the city-state to be penalized for assisting with oil transfers at sea.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hos

• Mar 13, 2025

S&P 500 jumps 1.9% and Dow leaps 600, but not by enough to keep stocks from 4th straight losing week

U.S. stocks are rallying Friday, though not by enough to keep Wall Street from heading toward a fourth straight losing week, which would be its longest such streak since August. It's on track for its best day since the day after President Donald Trump's election, when Wall Street was focusing mostly on the possibility for lower taxes and other benefits for corporate profits. A multi-day “relief rally could be coming” after so much negativity built among investors, said Yung-Yu Ma, chief investment officer at BMO Wealth Management.

• Mar 13, 2025

Asia hedge funds outperform US peers as markets sell off

HONG KONG (Reuters) -Asia hedge funds weathered the March selloff in markets better than their U.S. counterparts, helped by the relative outperformance of Chinese stocks as global investors rushed into that market. Asia-focused hedge funds posted an average 0.71% loss this month until the 10th, compared with a 2.6% drop for their U.S. peers and a 1.7% drop for global peers, a Morgan Stanley prime brokerage note dated March 12 shows. While the market rout impacted Asia hedge funds, their year-to-date outperformance relative to the United States has expanded, pointing to how the region is becoming somewhat of a haven for investors fearing a U.S. recession.

• Mar 13, 2025

Oil prices set to end week stable as investors mull path to Ukraine ceasefire

NEW YORK (Reuters) -Oil prices edged higher on Friday after a more than 1% loss in the previous session, as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. Brent crude futures were up 36 cents, or 0.52%, to $70.24 a barrel at 11:30 a.m. EDT (1530 GMT), after settling 1.5% lower in the previous session. Russian President Vladimir Putin said on Thursday that Moscow supported a U.S. proposal for a ceasefire in Ukraine in principle, but sought a number of clarifications and conditions that appeared to rule out a quick end to the fighting.

• Mar 13, 2025

China’s Bond Market Is Changing Its Tune on Japanification

(Bloomberg) -- Just a few months after China’s bond market was plagued by fears of Japanification, soaring yields are pointing to a stark shift in sentiment.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureBenchmark yields hit a

• Mar 13, 2025

The S&P 500 is officially in a correction. It's the trade war's fault.

The benchmark S&P 500 closed down 10% from its February peak. The whirlwind of tariff announcements in recent weeks have hammered investor confidence.

• Mar 13, 2025

German bond yields jump, stocks surge as parties agree seismic spending plans

LONDON (Reuters) -German government bond yields, equities and the euro all rose on Friday on reports Germany's Chancellor-in-waiting Friedrich Merz had reached an agreement with the Greens to reform debt rules and massively increase state borrowing. Merz's conservatives and the Social Democrats, who are in negotiations to form a government after an election last month, had proposed a 500 billion euro fund for infrastructure and sweeping changes to borrowing rules to revive growth and ramp up military spending. To reach the two-thirds majority required for the necessary constitutional changes, though, they need the support of the Greens.