Coverage for this event has ended.
Attorney Leeza Garber and Defiance ETFs CEO and CIO Sylvia Jablonski provide insight on cybersecurity during the Russia-Ukraine war on "Making Money."
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.
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."
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."
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.
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.
The 10-yr Treasury yield topped 2.9% -- the highest level since December of 2018.
Live Coverage begins here