55.94 F
December 8, 2023
Image default
Business Featured

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

Published by

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

Editorial: Allegations of Greitens campaign fund shenanigans have a familiar ring to them


Dead-heat Virginia governor’s race headlines U.S. elections


Queen Elizabeth II, Longest Reigning Monarch Of Britain, Dies Aged 96


Uber chief: law could idle operations in California


‘Do something now:’ mourners demand action after US school shooting


Putin says peace talks with Ukraine are at dead end, goads the West


Leave a Reply

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