Snap shares sank more than 30 percent early Friday following disappointing results as US stocks were mixed in the final session of a positive trading week.. Stocks have risen the last three sessions, generating hopes that the market may have pivoted after a bruising first half of 2022.
Hungary is hoping "better cooperation" with the European Commission will unlock billions of euros (dollars) of held-up funds, according to the minister in charge of the negotiations, as its economy struggles.. The 56-year-old said that work was "continuing" to find a compromise, but gave no timeframe for when 5.8 billion euros ($5.9 billion) in funding might be unlocked.
Twitter reported disappointing results on Friday, a miss that the social network attributed to "headwinds" including the uncertainty related to Elon Musk's buyout bid.. Twitter missed expectations with revenue of $1.18 billion, due to "advertising industry headwinds... as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk," the firm reported.
Chancellor Olaf Scholz promised to shield Germans from surging energy costs on Friday as the government agreed a rescue package for key gas company Uniper, which has been brought down by market turmoil from the war in Ukraine.. - Rescue plan - German gas giant Uniper, threatened with bankruptcy as a result of the crisis, on Friday said it had agreed a rescue plan with the government.
Stock markets in Europe edged back into positive territory on Friday at the end of a choppy week, as investors now turn their attention to second-quarter earnings to gauge how companies are weathering the impact of surging prices.. It has been a rollercoaster week as investors try to gauge the outlook -- corporate earnings have so far been relatively positive, but economic data mixed and geopolitical events are clouding sentiment.
France's divided parliament on Friday passed its first major piece of legislation since elections last month, greenlighting a 20-billion-euro ($20-billion) package to help low-income families struggling with inflation.. Although the cost-of-living bill passed with a wide majority, analysts say other pieces of planned legislation, such as pension reform, will be far more difficult.
Rebecca Lutte regularly takes to the skies behind the controls of her RV-10 kit plane.. Lutte, who is often joined in the air by her husband in the passenger seat, says that on several occasions air traffic controllers asked if her spouse was there in case of problems.
Asian markets rose Friday following a third straight rally on Wall Street, as below-par US data eased expectations for a sharper pace of interest rate hikes.. Still, Asian markets were on course to end the week on a positive note.
Strong travel demand has enabled the biggest US airlines to return to profitability, but efforts to restore capacity back to pre-pandemic levels face manpower and cost challenges.. For one thing, while business travel has come back partly, McNally believes it may never fully hit its pre-Covid level due to the greater use of virtual meetings.
Snapchat's owner plans to "substantially" slow recruitment after bleak results Thursday wiped 25 percent off the stock price of the tech firm, which is facing difficulties on several fronts.. - Trouble on multiple fronts - Snapchat+ is priced at $4 a month and will provide access to exclusive features.
