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U.S. equity funds attracted inflows for the week ending March 12 as some investors were buoyed by a weaker CPI reading, while worries persisted over the economic impact of President Donald Trump's trade policies. U.S. equity funds saw net purchases of $4.67 billion during the week, although the strong inflows from February, which totaled about $9 billion, have tapered off with a combined outflow of $4.81 billion in the first two weeks of March. "We recommend investors embrace diversification and stay invested despite ongoing volatility ...

WASHINGTON (Reuters) -Since U.S. President Donald Trump took office in January, he has imposed biting new tariffs, with more coming, begun a disruptive cull of federal jobs and spending, risked a political fracture with Europe, and acknowledged that an economy that was by most measures fine when he took over now faces some bumps, or worse. Business and consumer sentiment have dropped, some measures of manufacturing have weakened, and the stock prices that contributed to record household wealth just as Trump was about to return to Washington have declined sharply, a possible precursor to slower spending among wealthier households that has propped up overall consumption. Employment growth has largely persisted, and inflation has continued to moderate, according to the most recent data, but tariffs imposed by the U.S. and retaliatory actions from trading partners raise the chance that could reverse.

Waiting for the tariffs to land and for the Fed to respond means investor discomfort is the only sure thing.

(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) -- 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

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.

Artificial intelligence is speeding up oil and gas drilling and prompting companies to take a second look at places they had viewed as too difficult or expensive to develop, executives detailed during the CERAWeek conference in Houston. Oil producers are seeking ways to remain profitable in an environment of plummeting oil prices and worries that U.S. President Donald Trump's tariffs could slow global energy demand. UK oil major BP is using AI to steer drill bits and predict potential problems in wells before they happen, said Ann Davies, BP's senior vice president of wells.