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Digital Asset Legislation Pushed as Trump Embraces Crypto Agenda

(Bloomberg) -- Representative Byron Donalds will introduce legislation on Friday to codify an executive order that President Donald Trump signed earlier this month that establishes a strategic Bitcoin reserve and US digital asset stockpile. 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 Reform

Chinese Stocks Surge as Beijing Plans Briefing on Consumption

(Bloomberg) -- China’s benchmark stock index rallied the most in two months on Friday, with consumer shares leading gains on expectations of more policy support for the sector.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

Stocks suffer biggest weekly outflow this year in 'risk-off' move: BofA

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.

Singapore Money Market Rates Decline Despite Policy Pivot

(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

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,

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