• Jan 29, 2025

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.

  • Jan 29, 2025

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