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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.