Category: drops

Peloton’s Value Drops $9.2 Billion as Wall Street Predicts Tough Road Ahead

Peloton Interactive Inc. shares closed 35.3 percent lower on Friday, wiping off about $9.2 billion in market value as analysts predicted a tough path ahead for the pandemic darling amid a return by economies to normalcy. At least 15 analysts lowered their price target on the Peloton stock after the company cut its annual sales…


Oil Drops as China Considers Intervention to Ease Coal Crunch

LONDON—Oil prices fell on Wednesday after the Chinese regime stepped up efforts to tame record high coal prices and ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. Brent crude futures dropped 73 cents, or 0.9 percent, to $84.35 a barrel at 10:03 GMT, paring a 75 cent rise…