Software Stocks in Vogue Again on DeepSeek’s Efficiency Promise
(Bloomberg) -- DeepSeek’s claim that it has found a lower cost way to create AI models has made software stocks a hot trade.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersThe sudden emergence of DeepSeek’s model at fi
Shell sees 2024 oil and gas reserve replacement ratio at 85%
Shell said on Thursday it expects its proved oil and gas reserve replacement ratio for last year to be 85%. The reserve replacement ratio (RRR) measures how much oil and gas a company adds to its reserves compared with what it produces. A ratio of 100% or more means the company is replacing its reserves at the same rate or faster than it depletes them.
Analysis-US stock market confronts risks as investors grapple with tech, Fed outlook
Risks to the U.S. stock market are piling up as cracks emerge in the technology trade and the path for interest rates is clouded by persistent inflation worries that are being exacerbated by the potential for looming tariffs. Mixed results from megacap companies Microsoft, Tesla and Meta Platforms on Wednesday threatened to add to volatility following ruptures earlier in the week in the artificial intelligence trade that has helped propel tech's stock market leadership. The Federal Reserve also paused its rate-cutting cycle on Wednesday -- a decision that investors had been bracing for.
Shell, Thebe Near $1 Billion South Africa Oil-Asset Sales Pact
(Bloomberg) -- Shell Plc and its South African partner are close to ending a valuation dispute, paving the way for the sale of the oil giant’s local downstream assets for as much as $1 billion, according to people familiar with the matter.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 Yea