On the rebound: Oil erased losses as global markets adjusted to Republican Donald Trump’s election as the 45th U.S. president, FuelFix.com reports. Futures were little changed in New York, reversing an earlier decline of 4.3%. Turbulence in financial markets calmed and a knee-jerk selloff of risky assets abated as Trump, 70, promised to try to unite America’s divided political factions after his victory over Hillary Clinton. The result nonetheless rattled markets that had banked on a continuation of economic and trade policies under a Democrat president. Read the full story.
Test run: In a move that could pressure LinkedIn’s recruiting business, Facebook says it’s testing a feature that would let page administrators create job postings and receive applications from candidates, Reuters reports. “Based on behavior we’ve seen on Facebook, where many small businesses post about their job openings on their page, we’re running a test for page admins to create job postings and receive applications from candidates,” a Facebook spokesman says. The jobs feature would allow companies to drive more traffic to their Facebook pages in exchange for paying the social network to get their job openings in front of more candidates. Read the full story.
Turning away: In its latest quarterly report, Dish Network has revealed that 116,000 users have ended their service with the satellite cable provider. USA Today reports Dish ended the quarter with 13.6 million subscribers, down from 13.9 million at the same point last year. The company is the latest victim of the cord-cutting continues to take its toll on cable and satellite companies. The third quarter results mark the second consecutive large drop in subscribers for the Englewood, Colorado-based TV provider. Read the full story.
