business
MP Materials Third-Quarter Loss Widens After Ceasing China Sales
The mining company recorded a wider loss and lower revenue in the third quarter after it stopped selling to China to align with the U.S. government’s trade goals. Source link
Treasury Probes Contract Program Tied to About $9 Billion in Small-Business Deals
The department is looking into whether companies have misused special programs that are meant to benefit small businesses. Source link
Block Shares Slide After Third-Quarter Results Miss Estimates
The payments company behind Cash App and Square said revenue rose to $6.11 billion, short of the $6.3 billion projected by analysts. Source link
Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package
The new package, which includes 12 chunks of stock, could give Musk control over as much as 25% of Tesla if he hits a series of milestones Source link
DraftKings Cuts Sales Outlook as It Ramps Up Prediction Markets Investments
The sports-betting company’s new guidance also includes financial impacts from launching mobile sports betting in Missouri later this year. Source link
Airbnb Sales Rise 10% as Travelers Book Vacations Further in Advance
The short-term rental company posted a quarterly net income of $1.37 billion as travelers felt more confident making vacation plans. Source link
Expedia Raises Full-Year Outlook as Travelers Regain Confidence
The online travel agency is seeing travel demand return across income levels, despite several travel companies noting that low-income consumers are still holding back. Source link
PwC Cuts Business-Services Jobs in Latest U.S. Layoffs
About 150 people in areas such as marketing, human resources and operations were affected as part of a reorganization Source link
Flight-Cancellation Plans Prompt Scramble Across Travel Industry
Airlines and travelers are reviewing their coming flights after U.S. transportation officials revealed plans to cut air traffic at 40 airports by as much as 10% starting Friday in response to the government shutdown. Source link
Canadian Miner OceanaGold Readies for NYSE Listing Amid Strong Investor Interest in Gold
OceanaGold is readying to join the boards of the New York Stock Exchange next year at a time when the miner is ramping up production and investor appetite for the precious metal is high. Source link