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(Reuters) -Tinder-parent Match Group forecast third-quarter revenue below Wall Street estimates on Tuesday, anticipating weak discretionary spending on dating apps as its paying users decline. The company expects revenue of between $895 million and $905 million for the third quarter, the mid-point of which is below analysts’ average estimates of $915.4 million, according to LSEG …

Tinder-parent Match forecasts quarterly revenue below estimates Read More »

(Reuters) – Tesla is recalling over 1.8 million vehicles in the United States due to risk of software failure to detect unlatched hood, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday. Tesla released an over-the-air software update to fix the issue, NHTSA added. (Reporting by Disha Mishra in Bengaluru; Editing by Shinjini Ganguli)

By Max A. Cherney SAN FRANCISCO (Reuters) -Apple relied on chips designed by Google rather than industry leader Nvidia to build two key components of its artificial intelligence software infrastructure for its forthcoming suite of AI tools and features, an Apple research paper published on Monday showed. Apple’s decision to rely on Google’s cloud infrastructure …

Apple used Google’s chips to train two AI models, research paper shows Read More »

(Reuters) -World’s largest dialysis specialist Fresenius Medical Care cut the outlook for volumes in its key U.S. market on Tuesday after revenue from treatments there fell in the second quarter, weighed down by elevated mortality due to COVID-19 and flu among its patients. The German company expects volumes to be flat or grow by up …

Dialysis firm FMC cuts outlook for US treatment volumes, shares fall Read More »

(Reuters) -Air New Zealand abandoned on Tuesday a 2030 emissions reduction target, citing delivery delays of fuel-efficient aircraft and high green fuel prices, in a move signalling the difficulty aviation is having meeting de-carbonisation goals. This is the first major airline to row back on climate aspirations but the carrier said it was committed to …

Air New Zealand drops 2030 carbon target, cites plane delivery delays Read More »

(Reuters) – WPP named former BT chief Philip Jansen as its new chair on Tuesday, succeeding Roberto Quarta at the world’s largest advertising company. Jansen will join WPP’s board in September and replace Quarta, who has been in the role since 2015, on Jan. 1. The appointment comes at a time when WPP, which owns …

Ad group WPP names former BT boss Philip Jansen as new chair Read More »

(Reuters) – Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over the global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. Microsoft and CrowdStrike did not immediately respond to Reuters requests for comment. (Reporting by Akash Sriram in Bengaluru; Editing …

Delta Air Lines to seek compensation over cyber outage, CNBC reports Read More »

(Reuters) -Natural gas producer Chesapeake Energy on Monday reported a loss for the second quarter, compared to a year-ago profit, as production declined and prices remained under pressure. Total average realized price, including hedges, fell 6% amid lukewarm demand due to hotter-than-expected winter and a build-up in storage. In response to the declining prices, Chesapeake, …

Chesapeake posts quarterly loss on output drop, lower gas prices Read More »

By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve is expected to hold interest rates steady at a two-day policy meeting this week but open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank’s 2% target. Policymakers in advance of the July 30-31 …

Fed likely to hold rates steady one last time as inflation fight finale unfolds Read More »