Photo: Alan Diaz/AP
MIchael Wirth was named Tuesday as the next CEO of Chevron, replacing John Watson on February 1, the Wall Street Journal reports.
Why it matters: Per the Journal, the change "follows a number of other large oil companies who now have engineers and operations specialists with experience running refineries at the helm."
Go deeper: Axios' Ben Geman broke down the management move last month in Generate.
Paris under curfew. Photo: Kiran Ridley/Getty Images
The coronavirus is still winning: Now even Germany is entering another national lockdown, joined by France.
Why it matters: France has been "overpowered by a second wave,” President Emmanuel Macron said in a nationally televised address today. Macron said the "new wave will be stronger and deadlier" than the first.
Illustration: Sarah Grillo/Axios
Photo: Alexi Rosenfeld via Getty Images
Stocks took a hit on Wednesday, with the S&P 500, Dow Jones Industrials Average and Nasdaq dropping more than 3% across the board.
Why it matters: The volatility is a break from the stock market grinding higher in the face of spiking coronavirus cases, a stalling economy and gridlocked negotiations over an additional stimulus package.
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