May 20, 2024
Image default
Business Featured

Pandemic darlings face the boot as investors eye return to normal life

Published by
Reuters

LONDON (Reuters) -Stay-at-home market darling Netflix slumped on Friday, joining a broad decline in the market value of other pandemic favourites this week as investors priced in expectations for a return to normality as more countries gradually relax COVID restrictions. The selloff which began after Netflix and Peloton posted disappointing quarterly earnings spread to the wider stay-at-home sector as analysts judged the new Omicron coronavirus variant will not deliver the same economic headwinds seen in the first phase of the pandemic in 2020. “The is a confirmation that the economy is gradua…

Read More

Related posts

Bitcoin, ether hit all-time highs as momentum accelerates

The_Proponent

Searing US Capitol riot footage revives grim memories of violence

The_Proponent

Comcast’s third-quarter profit doubled thanks to Tokyo Olympics and theme parks

The_Proponent

Biden plans scaled-back inaugural amid pandemic

The_Proponent

Central Bank Digital Currencies: the Road to the New World Economy

The_Proponent

EV truck manufacturer Rivian raises nearly $12 billion in massive IPO

The_Proponent

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.