Markets

Green-energy stocks tumble and fossil-fuel shares spike on higher chances of a second Trump term and a Republican-controlled Senate

Renewable-energy stocks slumped in pre-market trading on Wednesday as investors reacted to the increased prospect of President Trump securing a second term and Republicans retaining the Senate. In contrast, fossil-fuel stocks climbed on hopes for further support of their industries and a slower economic transition to renewable energy. Enphase Energy, […]
Green-energy stocks tumble and fossil-fuel shares spike on higher chances of a second Trump term and a Republican-controlled Senate
Markets

Zoom overtakes Exxon Mobil in market value amid COVID-19 pandemic

Zoom Video has surpassed Exxon Mobil in market capitalisation, according to data from YCharts.com. Zoom Video has surged 658% year-to-date as the video chat software company saw a boom in business amid the COVID-19 pandemic. Meanwhile, Exxon Mobil has lost 55% in value so far in 2020 as a significant […]
Zoom overtakes Exxon Mobil in market value amid COVID-19 pandemic
Markets

Internal documents, leaked audio, and 19 insiders reveal Exxon made managers dub more employees poor performers as the oil giant sought to quietly cut staff

This story is for subscribers to Business Insider. For a brief period, we’re making it widely available. Click here for more information on a subscription to Business Insider. Exxon is disguising layoffs as performance-based job cuts, according to current and former employees. Several employees said they received no negative feedback […]
Internal documents, leaked audio, and 19 insiders reveal Exxon made managers dub more employees poor performers as the oil giant sought to quietly cut staff
News

Inside Exxon’s opaque employee ranking system

Welcome to Power Line, a weekly energy newsletter brought to you by Business Insider. Here’s what you need to know: Want to get Power Line in your inbox every Friday? Sign up here. Most of our content is available to BI subscribers.Click here for 20% off. Got feedback or tips? […]
Inside Exxon’s opaque employee ranking system
Markets

Trump’s vaunted task force to reopen the US economy became a marathon series of phone calls with 200 corporate leaders instead

President Trump’s economic task force became a series of four phone calls with 200 corporate leaders on Wednesday, Bloomberg reported. The president praised the calls, calling them “productive” in a Monday tweet. But some business leaders said they were invited at the last minute to participate, which triggered confusion about […]
Trump’s vaunted task force to reopen the US economy became a marathon series of phone calls with 200 corporate leaders instead