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Bumble, which requires women to make the first move, went public in 2021, briefly making Ms. Wolfe Herd one of the world’s few female billionaires, according to Bloomberg. As of June, the dating app had 2.5 million paying users, according to Bumble’s second-quarter earnings report. Bumble will report its third-quarter earnings on Tuesday. About a third of adults in the United States have used a dating app, according to a Pew Research Center survey conducted last year. The number of users paying for Tinder, fell 6 percent compared to the same period a year earlier, Match said.
Persons: Wolfe Herd, Bumble’s, Bumble, Morgan Stanley, Jones Organizations: Bloomberg, Pew Research Center, Match, Tinder, Salesforce, Microsoft, Wall Street Journal Locations: United States, Fish, Brazil
Lebanon Must Be Kept Out of Hamas-Israel War, Patriarch Says
  + stars: | 2023-11-06 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +1 min
BEIRUT (Reuters) - Lebanon's top Christian cleric urged state officials on Monday to shield Lebanon from the war between Palestinian Islamist group Hamas and Israel, as the Lebanese Shi'ite group Hezbollah clashes with Israeli forces at the border. The Iran-backed Hezbollah has been exchanging fire with Israeli forces across the Lebanese-Israeli frontier since the Hamas-Israel war began on Oct. 7, in the worst fighting there since Hezbollah and Israel fought a war in 2006. He called on Lebanese state officials to work to keep Lebanon away "from the scourge of this war ... and to carry out its political and diplomatic role in support of the Palestinian cause. Hezbollah leader Sayyed Hassan Nasrallah, in his first speech since the start of the Israel-Hamas war, said on Friday escalation on the Lebanon front would hinge on events in Gaza and Israeli actions towards Lebanon. Hezbollah's supporters say its arsenal has defended Lebanon from Israel.
Persons: Israel, Long, Bechara Boutros Al, Rai, Sayyed Hassan Nasrallah, Hezbollah's, Tom Perry, Mark Heinrich Organizations: Palestinian, Hamas, Maronite, Security Locations: BEIRUT, Lebanon, Israel, Lebanese, Iran, Gaza
The legal battle follows a years-long debate about whether app store operators such as Google and Apple foster an open, competitive app ecosystem. The court fight traces back to 2020, when Epic launched Project Liberty, a plan to circumvent Apple and Google’s app store terms. Epic updated the Fortnite app to encourage players to pay for in-app content directly through Epic’s own website — rather than through Apple and Google’s in-app payment systems. That gambit triggered a violation of the app stores’ developer terms. The move also prompted both app stores to remove the Fortnite app from their platforms.
Persons: , Sundar Pichai, Tim Sweeney, Fortnite, Sweeney, Wilson White, they’ve Organizations: CNN, Google, Court, Apple, Epic, Liberty, Supreme Locations: California’s
The legal battle follows a years-long debate about whether app store operators such as Google and Apple foster an open, competitive app ecosystem. The court fight traces back to 2020, when Epic launched Project Liberty, a plan to circumvent Apple and Google’s app store terms. Epic updated the Fortnite app to encourage players to pay for in-app content directly through Epic’s own website — rather than through Apple and Google’s in-app payment systems. That gambit triggered a violation of the app stores’ developer terms. The move also prompted both app stores to remove the Fortnite app from their platforms.
Persons: , Sundar Pichai, Tim Sweeney, Fortnite, Sweeney, Wilson White, they’ve Organizations: CNN, Google, Court, Apple, Epic, Liberty, Supreme Locations: California’s
CHISINAU, Moldova (AP) — Moldovans are casting ballots in nationwide local elections on Sunday as authorities say that Russia has been conducting “hybrid warfare” to undermine the vote in the European Union candidate country. While local elections in Moldova, a country of about 2.5 million people situated between Romania and Ukraine, wouldn't usually garner much international attention, ongoing accusations of Russian meddling add a geopolitical dimension to the vote. On Friday, Moldova’s national intelligence agency published a report alleging that Russia was trying to “influence the electoral process” through the party. Shor was the head of the Russia-friendly Shor Party, which was declared unconstitutional in June by Moldova’s Constitutional Court. “Russia has always been trying to undermine democratic elections in Moldova, particularly in an effort to derail European integration aspirations,” Cantir said.
Persons: wouldn't, Dorin Recean, Recean, Ilan Shor, Shor, Maia Sandu, Anatol Mosanu, , Cristian Cantir, Cantir, oligarch, Vladimir Plahotniuc, Plahotniuc, Sandu, Moldova’s, ” Cantir, , they’ve, ” ___ Stephen McGrath Organizations: European Union, Moldova, Russia Chance Party, Intelligence, Security Service, SIS, Chance Party, Oakland University, Associated Press, EU, NATO, Party, Moldova’s Constitutional, Russia Locations: CHISINAU, Moldova, Russia, Romania, Ukraine, Chisinau, Republic of Moldova, Moldovan, Sunday's, Israel, ” “ Moldova, United States, United Kingdom, Moscow, Sighisoara
Some of the ads show Black women applying hair products before cutting to a summary of the NIH study’s findings. “We do not believe the science supports a link between chemical hair straighteners or relaxers and cancer,” Revlon said. Lead author White said in a statement in response to Reuters questions that there is currently no strong evidence linking family history of breast cancer to increased risk of uterine cancer. The sisters said they wanted their mother’s death last year following a battle with uterine cancer to mean something. Bush, the St. Louis cosmetologist, joined the litigation in August, she said, because of the possibility that hair relaxers cause cancer.
Persons: Sheila Bush, Bush, Revlon’s, ” Revlon, L’Oreal, , Ben Crump, George Floyd, Diandra, ” Debrosse Zimmerman, Jenny Mitchell, Crump, “ it’s, ” Crump, Louis, Jayne Conroy, don’t, Adam Zimmerman, Alexandra White, phthalates, White, Weiss, Porter Kaye Scholer, Jennifer Hoekstra, Zimmerman, , X Ante, Quiana Hester, Ariana, Nakisha, Patrice Hester, Louis cosmetologist, Mike Spector, Richa Naidu, Kristina Cooke, Diana Novak Jones, Eve Watling, Lawrence Bryant, Alicia Powell, Angela Johnston, Lucy Ha, Vanessa O’Connell, Suzanne Goldenberg Organizations: L’Oreal, Revlon, U.S, National Institutes of Health, Reuters, NIH, Supreme, University of Southern California Gould School of Law, U.S . House, American Cancer Society, U.S . Food, Drug Administration, World Health Organization, Paul, Arnold, FDA, USC, Washington DC Locations: Louis, Olive, U.S, India, Minneapolis, Missouri, Chicago, United States, Rifkind, Baltimore, Houston, Washington, San Diego, Bush
RICHMOND, Va. (AP) — In a closing message to voters in this year's closely watched Virginia legislative elections, Republican Gov. Virginia is one of four states — the others are Louisiana, Mississippi and New Jersey — with legislative elections this year. The legislative candidates are running this year under maps redrawn during the last redistricting. He said he was “cautiously confident” about the possibility of a GOP trifecta — both legislative chambers as well as the governorship. Biden, who has not announced any plans to campaign in Virginia before Tuesday, recently sent a fundraising email on behalf of Virginia candidates and issued nearly two dozen endorsements.
Persons: Glenn Youngkin, Youngkin, , we'll, ” Youngkin, Youngkin's, Virginia's, It's, Roe, Wade, there's, ” Sen, Monty Mason, Danny Diggs, Democrat Joe Biden, Diggs, Virginia doesn't, , “ We're, ” Kay James, Rich Anderson, “ MAGA, “ MAGA Republicans ”, Donald Trump's “, Biden, , Heather Williams Organizations: Republican Gov, Republican, Democratic, Virginians, General Assembly, Supreme, Youngkin's PAC, GOP, Democrat, Republican Party of Virginia, Democrats, U.S . House, “ MAGA Republicans, Biden's, Republicans, Democratic Legislative Locations: RICHMOND, Va, Virginia, Louisiana , Mississippi, New Jersey, Southern, U.S, Richmond, Tidewater, Washington, Yorktown, Commonwealth
Bond yields fell, and traders of contracts tied to the Fed's policy rate now see only a 12% chance of a rate hike by January, down from 30% before the release of the employment report. Rate futures pricing now reflects a better-than-even chance of a Fed rate cut by May of 2024, with several more cuts expected later next year. U.S. central bankers themselves are not even thinking about rate cuts, Fed Chair Jerome Powell said this week after the Fed kept its benchmark overnight interest rate steady in the 5.25%-5.50% range. "Continued upward momentum would be troubling, and hopefully this recent rise levels off as the labor market recovery continues," said Indeed.com's Nick Bunker. Still for now, most of the worries about the labor market appear to be focused on what might, or might not, happen next rather than on the evidence so far.
Persons: Jerome Powell, Kevin Lamarque, nonfarm, Bond, Powell, Thomas Barkin, Barkin, Michael Feroli, Nick Bunker, Sharif, Julie Su, Ann Saphir, Shristi Achar, Tomasz Janowski, Christina Fincher, Paul Simao, Chris Reese Organizations: Federal, Committee, Federal Reserve, REUTERS, Labor Department, U.S, Fed, Reuters Graphics Reuters, Richmond Fed, CNBC, JPMorgan, Reuters Graphics, Labor, Thomson Locations: Washington , U.S
Dating is hard. Have apps made it worse?
  + stars: | 2023-11-02 | by ( Leah Asmelash | ) edition.cnn.com   time to read: +13 min
“Dating on the apps, it’s ruined dating a bit,” Nguyen-Don, who works as a digital marketing manager, said. “The… design of those dating apps should definitely be held accountable for this kind of dating culture,” Zhou said. His experiences on dating apps were positive, he said, and he valued the ways they introduced him to new people and new experiences. Dating apps know this. For all their flaws, dating apps are unlikely to disappear any time soon.
Persons: Jenny Nguyen, Don, Nguyen, didn’t, WhatsApp, hadn’t, he’d, texted, ” Nguyen, , Alexis Dougé, Tinder, , Dougé, who’s, Benson Zhou, Zhou, ” Zhou, Brian, they’ll, CNN he’s, Foyin Ogunrombi, Ogunrombi, she’s, , Who’s, Silas Stein, “ It’s, ” Ogunrombi, David Argetsinger, Argetsinger, ” Alissa Wilson, ” Wilson, Maxine Simone Williams, WeMetIRL, ” Williams, Williams, Bumble Organizations: CNN, Twitter, New York University Shanghai Locations: London, TikTok, Atlanta, Johannesburg, South Africa, Everett , Washington, Arlington , Virginia, New York, cologne
He has helped Oklahoma State (6-2, 4-1 Big 12, No. The teams are part of a five-way tie for the Big 12 lead, so the result likely will play a role in which teams reach the Big 12 Championship Game. “Several weeks ago, people had written Oklahoma State off after losing to South Alabama — a good South Alabama team — and they’ve just gotten better,” Venables said. “They love to get the ball out here,” Oklahoma State coach Mike Gundy said. “I like his ability to distribute the ball where it needs to be.”TRACE FORDThe Oklahoma defensive end played for Oklahoma State last year.
Persons: NORMAN, Okla, , Walt Garrison, Terry Miller, Ernest Anderson, Thurman Thomas, Barry Sanders, Hill, Chuba Hubbard, Ollie Gordon II, Gordon, “ Ollie Gordon, Brent Venables, “ He’s, he’s, He’s, Venables, ” Venables, they’ve, “ They’ve, , Drake Stoops, Dillon Gabriel, Gabriel, Mike Gundy, Danny Stutsman, Danny, Leon Johnson III, ” Gundy, Alan Bowman, Bowman, Ford, ” Ford, “ I’m, you’ve, QUOTABLE Gundy, Dick Butkus Organizations: Oklahoma, Southeastern Conference, Sooners, Oklahoma State, Heisman, Cincinnati, South Alabama, Alabama, Kansas, Cowboys, Bears, Packers, AP Locations: Oklahoma, Kansas, But Oklahoma
In 1990, Arm (NASDAQ: ARM), then a startup based in Cambridge, UK, filled the void with high-performance, power-efficient, and small form-factor processor technology for battery-run products. The processor architecture was so robust that AI functions could be built into the devices themselves – voice, touch, and facial recognition. Delivering the right compute, from cloud to edgeEnormous cloud data centers process most of the world's big AI workloads today because they can do so more efficiently at scale. Arm technology is also designed to follow and support AI workloads as they increasingly get distributed outside the cloud to edge devices. As the most pervasive CPU architecture ever, Arm is at the forefront of the AI/ML revolution, powering billions of devices from smartphones to cloud servers.
Persons: Grace Hopper, We're Organizations: NASDAQ, ARM, Intel, NVIDIA, Insider Studios Locations: Cambridge, UK
Match’s brands will pay standard rates of 15% on subscriptions and 30% for a la carte purchase for in-app transactions processed through Google’s payment system. Photo: Gabby Jones/Bloomberg NewsMatch Group and Alphabet -unit Google reached a binding term sheet for a settlement regarding their claims against each other in their legal battle. The online dating company said in a letter to shareholders that $40 million placed in escrow will be returned to Match and no other amount will be owed by the Match plaintiffs to Google. The parties agreed that by March 31, Match’s apps, which include Tinder and Hinge, will implement Google’s user choice billing.
Persons: Gabby Jones Organizations: Bloomberg, Match, Google
Surging bond yields and mixed earnings reports have weighed on the so-called Magnificent Seven stocks, which are collectively down an average of about 15% from their 52-week highs, though they all still sit on hefty gains for the year. The stocks now trade at an average forward price-to-earnings ratio of about 30 times compared with 45 times in mid-June. I actually think the Magnificent Seven will hold up better,” said King Lip, chief strategist at Baker Avenue Wealth Management. Because the Magnificent Seven have a combined weighting of 28% in the S&P 500, their performance holds a large sway over the broader index. Lip said his firm owns shares of all seven companies and has recently added to its holdings in some of them.
Persons: Brendan McDermid, Meta, , Lip, Jay Hatfield, Kim Forrest, ” Forrest, Apple’s, Hatfield, Thomas Ognar, Ognar, ” Ognar, Lewis Krauskopf, Ira Iosebashvili, Jonathan Oatis Organizations: NVIDIA Corp, New York Stock Exchange, REUTERS, Apple, Microsoft, Wealth Management, Tech, BofA Global Research, Vanda Research, Federal, Treasury, U.S, Google, Facebook, Bokeh Capital Partners, Nvidia, Allspring, Thomson Locations: New York City, U.S
South Africa was the first country to reach a deal under the JETP, securing a $8.5 billion financing pledge in 2021. Indonesia secured a pledge of $20 billion and Vietnam $15.5 billion in deals struck in late 2022. Without the plan, Indonesia's greenhouse gas emissions are expected to reach more than 350 million tons in 2030. How would the JETP financing be arranged? G7 donors as well as Norway and Denmark have pledged a total $10 billion public financing for Indonesia while the remaining $10 billion will come from public financing.
Persons: they'll, Quoc Khanh, Fransiska Nangoy, Khanh Vu, Francesco Guarascio, Robert Birsel Organizations: REUTERS, Rights, Climate, Asian Development Bank, Natural Resources, Reuters, European Union, Thomson Locations: Hanoi, Rights JAKARTA, HANOI, Indonesia, Vietnam, Africa, Senegal, INDONESIA Indonesia, Norway, Denmark, VIETNAM, EU
Match Group , the parent company of dating apps Tinder and Hinge, is trading at its lowest price since it spun out into a separate company from IAC in July 2020. Analysts expressed concern about lower fourth-quarter revenue projections and a falling number of people paying for Tinder. "Beyond the guide, we suspect a key area of scrutiny will be around trends in Tinder payers. This metric was down 6% y/ y in 3Q (in line with guidance) – but MTCH called out a ~200K sequential headwind in 4Q as weekly subscribers churn out of the system." Match also agreed to use Google's User Choice Billing by March 31, 2024, which will oblige Match to pay a cut of subscription fees to Google.
Persons: MTCH, Bumble Organizations: IAC, LSEG, Tinder, JPMorgan, Equity Research, Google, Deutsche Bank, CNBC PRO Locations: 4Q
Washington, DC CNN —Online dating giant Match Group has dropped a closely watched antitrust lawsuit against Google’s app store, the two companies said Tuesday, days before a trial set to begin in San Francisco federal court. The settlement between the search giant and the owner of sites such as Match, Tinder and Hinge resolves allegations that Google harmed competition through its app store terms. It permits Match Group to provide users alternative ways to pay for in-app content without requiring them to use Google’s proprietary payment channels. Developer complaints about high app store fees — charged by app store owners such as Google — have reached a fever pitch in recent years, along with related allegations about other restrictive app store terms. The outcome of the app store cases could shape the livelihoods of app developers and determine the flow of billions of dollars in economic activity.
Persons: Tim Sweeney, ” Sweeney, Organizations: DC CNN —, Google, Epic Games, Apple, Supreme, Match Locations: Washington, San Francisco federal
There are plenty of terms to describe Wall Street power brokers — but none of them matters quite so much right now as the simple phrase "managing director." Wealth management, which has been an area for growth across Wall Street, may prove an exception. "Two years ago, everybody was in the war for talent," said Alan Johnson, a Wall Street compensation expert at Johnson & Associates. Getting a promotion to managing director is tremendously important for the people who are vying for the role. "Once you become an MD, you're going to be making a lot more money.
Persons: Goldman Sachs, Morgan Stanley, Banks, Alan Johnson, Wall, Jeanne Branthover, Johnson, Goldman, it's, Lloyd Blankfein, Justin Tuck, Branthover, might've, You'd, you'll Organizations: Wall, Citigroup, Jefferies, Bank of America, JPMorgan, Johnson & Associates, DHR International, NY Giants Locations: Wall
Tinder-owner Match issues dour forecast; shares tumble
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +2 min
That has, in turn, impacted its dating platforms, which include Hinge, OKCupid, and Plenty of Fish. Tinder, its largest brand, grew revenue by 7% last year compared to its chief rival Bumble (BMBL.O), which expanded its top line at twice that rate. In the third quarter ended Sept. 30, revenue grew 9% to $882 million, beating analysts' estimate of $880.6 million, according to LSEG. Sales in the Americas, which accounts for over half of its revenue, rose 10%, while those in Europe were up 17%. Direct revenue at Tinder and Hinge, its top two dating platforms, grew 11% and 44% respectively.
Persons: Akhtar Soomro, Bumble, Yuvraj Malik, Anil D'Silva Organizations: REUTERS, Google, Thomson Locations: Israel, Plenty, Americas, Europe, Bengaluru
Paycom Software — Shares dropped 26.5% after the company missed third-quarter revenue estimates. Paycom posted $406.3 million in revenue for the period, while analysts polled by FactSet had called for $411.2 million. The company reported 70 cents per share in earnings surpassing analysts' forecast of 68 cents per share, according to LSEG. Yum China Holdings — The China-based restaurant operator shed 10.8% after missing revenue estimates for the third quarter. Yum reported $2.91 billion in revenue, falling short of analysts' expectations of $3.06 billion in revenue, according to estimates from LSEG.
Persons: Paycom, FactSet, MasTec, LSEG Organizations: Revenue, Yum China Holdings — Locations: LSEG, China
The free-wheeling Senate District 27 race in the Fredericksburg area features Republican Del. “I’ve always run a true independent campaign. But because the race could determine control of the state Senate, much of the focus has been on abortion. “I’ve always been very honest and transparent than I am pro life,” Durant said. Griffin, a Democrat, said he would leave current Virginia law in place but seek to enshrine abortion rights in the state constitution.
Persons: Republican Del, Tara Durant, Joel Griffin, Monica Gary, Gary, “ I’ve, , Glenn Youngkin, Durant, ” Durant, ” Griffin, Griffin, she's, Stephen Farnsworth, restauranteur Matt Strickland, Strickland, deride Durant, Youngkin, She, Organizations: Democrat, Republican, Marine, Stafford, Economic Development Authority, Republican Gov, Democrats, Associated Press, Mary Washington University, Life, Republicans, AP Locations: FREDERICKSBURG, Va, Fredericksburg, Stafford County, Virginia, Durant
Another chunk of companies are set to report this week, and analysts think earnings are on their side. CNBC Pro screened for the S & P 500 companies reporting this week that analysts are most excited about, leading them to lift their earnings estimates. Earnings per share estimates are also up 18.1% and 29.6% in the past three and six months, respectively. First Solar has the highest changes in analysts' earnings per share estimates, up 90% and 115.1% in the past three and six months, respectively. Shares have slid about 9% this year, with losses accelerating this month after peer solar company SolarEdge cut its third-quarter guidance on slowing demand in Europe.
Persons: Azar —, Tinder, Entergy, Ingersoll Rand, — CNBC's Michael Bloom Organizations: CNBC Pro, Bank of America, JPMorgan, Energy, Marathon Petroleum, Micro Devices Locations: Europe
Lenovo still builds industry-leading devices, but these are seamlessly integrated with infrastructure, solutions, and services. By combining industry-leading, customer-centric intelligent devices with services such as consultancy, installation, operations, maintenance, and solutions, Lenovo is a trusted partner that turns vision into value across industries. Lenovo was an early mover, leveraging its TruScale Infrastructure Brand to launch the TruScale EaaS platform in 2021. Focusing on AIAt the heart of Lenovo's transformation is an unyielding commitment to Research and Development (R&D). As a global technology powerhouse, Lenovo is showing us that a PC company can be so much more.
Persons: ThinkReality VRX, they're, They're Organizations: Lenovo, Intelligence, Brand, Research, - Intelligence, Insider Studios
U.S. President Joe Biden's administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic's backing of Palestinian militant group Hamas, according to Helima Croft, head of global commodity strategy at RBC Capital Markets. Her comments come ahead of a widely expected ground offensive by Israel into Gaza, a move that Croft believes could set the tone for the West's response to Iran. It has been more than two weeks since Israel announced a "complete siege" on the Gaza Strip, cutting off food, water, fuel and electricity supplies after a devastating Hamas attack. "It certainly looks like the United States is trying to delay an Israeli ground operation because they want to get out the hostages, they want to get out the hundreds of Americans that are trapped in Gaza, but the question is, is this going to be postponed indefinitely, but I think people are bracing for some type of escalation in Gaza," Croft told CNBC's Dan Murphy in Saudi Arabia on Wednesday. She described the oil price reaction to the Israel-Hamas war as "sanguine" so far, but nevertheless said "a lot's going to hinge on what does a potential ground operation look like" and that a widening of the conflict into the broader Middle Eastern region could affect the crude supplies of Iran.
Persons: Joe Biden's, Helima Croft, Croft, CNBC's Dan Murphy Organizations: OPEC, Hamas, RBC Capital Markets, Israel Locations: Iran, Israel, Gaza, United States, Saudi Arabia
EMPEROR OF ROME: Ruling the Ancient Roman World, by Mary BeardIf social media is to be believed, men can’t stop thinking about the Roman Empire, particularly its “alpha male” elements. Anyone similarly obsessed would do well to pick up a copy of “Emperor of Rome,” an erudite and entertaining new book by the redoubtable classics scholar and feminist Mary Beard. The “good” emperors are invariably wise, kind, prudent and generous, while the “bad” ones are dim, disgusting, decadent and miserly. Did Elagabalus really arrange to smother his dinner guests to death by dropping rose petals from the ceiling? Beard encourages us to be skeptical of all the “preposterous anecdotes,” even as she maintains that such demonizing can tell us something about how power works.
Persons: OF, Mary Beard, Emperor of Rome, , Beard, Rome ”, Julius Caesar, Alexander Severus, Alexander, Maximinus Thrax, Caligula, Elagabalus Locations: Roman, Roman Republic
Tinder users can now let their friends and family recommend potential matches directly in the app. Over 75% of singles Tinder surveyed discuss their dating lives with friends several times a month. A new matchmaker feature on the dating app lets users invite others to review potential matches for them, Tinder announced Monday. Users can invite up to 15 people to view profiles of potential matches on the dating app. Match Group, which owns Tinder and another dating app, Hinge, plans to roll out AI tools aimed to help users select their best profile photos and explain why matches are compatible.
Persons: , Tinder, you've, it's, Melissa Hobley, Bumble, Whitney Wolfe Herd Organizations: Service, Match, Bloomberg Locations: Tinder
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