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SummarySummary Companies Fed rate decision due at 2 p.m. However, U.S. private payrolls increased more than expected in October, the ADP National Employment report showed, offering further evidence that the Fed's rapid rate hikes have yet to significantly slow economic growth. The report showed private payrolls rose by 239,000 jobs last month. The non-farm payrolls report due on Friday will offer further clues on the outlook for interest rates. read more read moreTinder-owner Match Group (MTCH.O) rose 6.7% after reporting better-than-expected third-quarter revenue.
Nov 1 (Reuters) - Match Group (MTCH.O) beat estimates for third-quarter revenue on Tuesday as more paying users, undeterred by decades-high inflation, signed up on its dating apps Tinder and Hinge. The company's revenue rose 1% to $810 million. Analysts on average had expected about $793 million, according to Refinitiv data. Reporting by Vansh Agarwal and Shreyaa Narayanan in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
The company, however, forecast flat growth in fourth-quarter revenue for Tinder. Match plans to tackle the slowdown with reductions in headcount-related expenses and marketing spend and expects to have flat margins in 2023. Shares of the company were trading at $51.21 in extended trading. read moreMatch forecast fourth-quarter revenue between $780 million and $790 million, below market estimates of $809.2 million, as it expects to take an additional $14 million hit from a stronger U.S. dollar than it had previously expected. The company added that a search was ongoing for Tinder CEO, a position vacant since the sudden departure of Renate Nyborg in August.
The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
As the year ends, investors will start to incorporate tax loss harvesting into their strategies. Selling some stocks at a loss can allow investors to defer taxes on more successful positions. Julian Emanuel at Evercore explains what to sell at a loss, and what to swap in for 2023. The stock and bond markets have given investors headaches this year, but as 2022 comes to a close, at least their losses can give investors a tax break. Below are the stocks Evercore thinks investors should use as tax loss targets, and those they think investors should swap them out for.
The U.S. aviation giant is looking to digital technology to accelerate production of new aircraft, said Susan Doniz, Boeing's chief information officer, at the Reuters Momentum conference in Austin on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterSome employees expressed reluctance over tools Boeing offered to help them, too. The metaverse, not just a place where Boeing may one day build its planes, is a concept where people can have an avatar in vast virtual lands. There even is discussion about creating "digital twins" of the real world -- and its problems, said Morgan McGuire, Roblox's chief scientist. "There's a lot of things in the real world that are really serious and are really bad," McGuire said at the conference.
The U.S. aviation giant is looking to digital technology to accelerate production of new aircraft, said Susan Doniz, Boeing's chief information officer, at the Reuters Momentum conference in Austin on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterSome employees expressed reluctance over tools Boeing offered to help them, too. The company deployed the HoloLens, mixed-reality headsets from Microsoft Corp (MSFT.O), so staff could wire aircraft with manuals before them digitally. There even is discussion about creating "digital twins" of the real world -- and its problems, said Morgan McGuire, Roblox's chief scientist. "There's a lot of things in the real world that are really serious and are really bad," McGuire said at the conference.
Aplicațiile de dating din Statele Unite vor avea funcții speciale pentru utilizatorii vaccinați anti-COVID-19. Totul a început la inițiativa Casei Albe, care a creat un parteneriat cu site-urile de matrimoniale pentru a încuraja americanii să se vaccineze. Prin această înțelegere, aplicațiile utilizate de circa 50 de milioane de oameni, vor introduce ecusoane, insigne speciale și acces gratuit la conținut premium doar pentru vaccinați, iar utilizatorii vor putea să aplice filtre de căutare pentru a vedea doar persoanele vaccinate, informează Reuters. Match Group Inc (MTCH.O) a confirmat participarea mărcilor sale de top din S.U.A., inclusiv Tinder, Match, OkCupid, Hinge, Plenty of Fish, BLK și Chispa. Campaniile promoționale vor fi lansate în următoarele săptămâni și se vor desfășura până pe 4 iulie.
Persons: . Totul, administraţia Biden, Shar Organizations: Reuters, Match Group Inc, Match Group, Albă Locations: Statele Unite, S.U.A ., OkCupid, Hinge, Fish, BLK, America, SUA
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