Last Update

Yields rise, travel mask mandates dropped, Netflix earnings: LIVE UPDATES

FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

15Posts

incoming update…

Coverage for this event has ended.

How vulnerable is government to Russian cyberattacks?

Attorney Leeza Garber and Defiance ETFs CEO and CIO Sylvia Jablonski provide insight on cybersecurity during the Russia-Ukraine war on "Making Money."

Posted by FOX Business Team

IMF cuts global growth forecasts as Ukraine war, inflation cast shadow on world economy

The global economic outlook has darkened considerably as the Russian war in Ukraine and sky-high inflation weigh on the still-fragile recovery from the pandemic, the International Monetary Fund warned on Tuesday. 

The Washington-based institution said in its latest World Economic Outlook that global domestic gross product will grow by 3.6% this year – a 0.8 percentage point drop from its January estimate. The IMF, which noted that its forecast is marked by "unusually high uncertainty," expects global growth to remain at 3.6% next year, a 0.2 percentage point decline from January. By comparison, the economy grew by 6.1% last year following the brief but extremely severe recession in 2020.

Posted by FOX Business Team

US Postal Service to slow down nearly a third of first-class package deliveries

The United States Postal Service will slow down delivery speeds for nearly one-third of first-class packages as part of new service standards slated to take effect starting May 1. 

According to the Postal Service, 32% of first-class packages will see their delivery service standard increase by one or two days. Meanwhile, 64% of first-class package service volume will be unaffected and 4% will be updated from a three-day to two-day service standard. 

"Modifying these service standards will allow for additional transport time for long-distance package deliveries and increased network efficiencies," the Postal Service said in a news release on Monday. "The new FCPS service standards will also enable additional package volume to be transported by surface transportation, which is more reliable and affordable compared to air transportation."

Posted by FOX Business Team

SymbolPriceChange%Change
AAL$19.60+1.06+5.72%
JBLU$12.66-0.12-0.94%
DAL$42.13-0.23-0.54%
UAL$45.87+1.90+4.32%

Posted by FOX Business Team

Moderna says dual variant booster provides better protection

Moderna Inc. said Tuesday that its modified COVID-19 booster vaccine candidate provides better protection against omicron and a number of virus variants than its currently available coronavirus vaccine.

The biotechnology company reported that a 50-microgram booster dose of its first "bivalent" booster vaccine candidate "demonstrated superiority against beta, delta and omicron variants of concern one month after administration."

Posted by FOX Business Team

Cyclicals lift Dow Jones Industrial Average

Dow Jones Averages.
$
34806.72

SymbolPrice Change%Change
JNJ$182.79+5.13+2.89%
BA$185.79+5.94+3.30%
NKE$131.63-1.83-1.37%

Posted by FOX Business Team

Posted by FOX Business Team
Breaking News

Dow leads early gains on Wall Street

Dow Jones Averages.
$
34684.27

Posted by FOX Business Team

Netflix Earnings After the Bell

Netflix Inc.
$
337.86

Netflix will kickoff large cap tech earnings after the bell with subscribers in the spotlight.

The company forecasted 2.5M paid subscribers in 1Q lifting worldwide numbers to nearly 225 million. In 4Q, the streaming giant was hit with a post pandemic slowdown as new additions cooled.

Posted by FOX Business Team

Nat gas prices soar

SymbolPriceChange %Change
UNG$27.13+1.53+5.98%

The U.S., the world's largest producer of natural gas, is now seeing its domestic supply fall to a three-year low and is 18% below the average for this time of year.

Hence, prices are spiking near $7.30 - highest since 2008.

Posted by FOX Business Team
Developing Story

10-year yield hits 2018 high

SymbolPriceChange%Change
IEF$103.14-0.30-0.29%

The 10-yr Treasury yield topped 2.9% -- the highest level since December of 2018.

Posted by FOX Business Team

Live Coverage begins here