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Snap plunges 35% after results as US stocks open mixed
Snap plunges 35% after results as US stocks open mixed
by  AFP

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 eyes 'better cooperation' with EU in funds row: minister
Hungary eyes 'better cooperation' with EU in funds row: minister
by  AFP

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 reported disappointing results on Friday, a miss that the social network attributed to "headwinds" including the uncertainty related to Elon Musk's buyout bid.
by  AFP

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.

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