Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
The declaration comes days after a case of the virus was confirmed in the Congolese city Goma, which borders neighboring country Rwanda.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Dating app Tinder's position as an influential brand among young adults can help it withstand competition from Facebook, the firm's CEO said Thursday.
About a decade ago, when various social networks competed for users, there was a view that one digital community would emerge victorious, and Facebook was considered the favorite, Tinder chief Elie Seidman told CNBC's "Street Signs. "
"And we've seen over the past, call it seven-eight years, that it's really not the case," he said. "I'm a big believer that you want to really focus at what you're good at. Looking at the competition, it's going to drive you into their thinking, and you really want to have distinct thoughts."
Seidman added that Tinder has done "extremely well" with its young audience, which is the company's area of strength.
"I like our position. We're going to stay very focused on what we're good at," he said.
On its website, Tinder says it has more than 2 billion views per day in more than 190 countries, and it also claims to be behind a million dates every week.
For its part, Facebook, which has 2.38 billion monthly active users, rolled out a dating product in multiple countries beginning last year.
To expand on its market share, Tinder, which is already available in more than 190 countries, announced plans for a "lite" version of its app in emerging markets on Wednesday.
The concept of "lite" apps is used by tech companies to reach users who either do not have an advanced, top-of-the-line smartphone or who reside in areas where internet connectivity is slow — mostly in emerging markets. For example, Facebook has an app called Facebook Lite, which requires less storage space on phones and can work with slow mobile internet speeds. Most features from the social networking site are available on that version of the app.
Tinder Lite is set to be available as a separate app and will not require users to sign up for a new account.
Like on many social networking platforms, users may face bullying or harassment on Tinder. When asked about how the company deals with such situations, Seidman said it's doing everything it can to make the app a safe environment. That includes using algorithms as well as relying on human moderators to weed out unacceptable user behaviors.
"We've done everything we possibly can to make you safe," he said. "We always, of course, caution people and say, look, it's not an alternate universe ... it is the real world and the same caution and thoughtfulness you use in the real world, you should use on any digital community."