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Investors pulled $2.8 billion from stock funds in the week to Wednesday in the biggest weekly outflow this year, Bank of America said on Friday, in a sign of a souring of the mood in global financial markets. The U.S. S&P 500 stock index has now fallen more than 10% from its recent high, putting it into correction territory, as U.S. President Donald Trump's stop-start trade wars sow uncertainty among companies and investors. U.S. government bond funds received the biggest weekly inflow since August at $6.4 billion, BofA said in its weekly note tracking flows in and out of world markets citing figures from data provider EPFR.

(Bloomberg) -- Singapore’s money-market rates have dropped as traders shrug off the central bank’s first monetary policy shift in five years.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 Singapore Overnight Rate Average (S

(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,

(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

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?

(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

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.