Netflix and Peloton were two of the biggest pandemic winners, along with video call provider Zoom Video and electronic signature firm DocuSign.Netflix and Peloton lost roughly a fifth of their market value on Thursday after both companies disappointed investors.
The statement came hours after CNBC reported that Peloton plans to pause production of its $1,495 lower-end bike for two months, and stop making Tread machines for six weeks, citing internal documents. They are not alone. Shares in pandemic darling DocuSign are down 57% over the past six months. Zoom Video has shed 54% over the same period.
The response: An invasion of Ukraine could trigger sanctions from Washington on Russia's vast energy resources, damage to the region's energy infrastructure and raise the specter of Russian President Vladimir Putin further weaponizing exports of natural gas and crude oil."There is a very good chance we would reach $100 [per barrel]. That's going to be inflationary with an exclamation point," said Robert Yawger, director of energy futures at Mizuho Securities.
Oil prices are up sharply this week and analysts say concerns about a Russia-Ukraine conflict have contributed to those gains.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.