Good evening.
Stocks slide, cryptocurrencies rebound, and the World Bank reduces its global growth forecast for 2022.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks edged lower on Monday following a three-day holiday weekend.
Investors are preparing for a big week of company earnings. Netflix is set to report on Tuesday, followed by Tesla on Wednesday.
On Monday, the World Bank reduced its global growth forecast for 2022 to 3.2% from 4.1%, due to the impacts from Russia's invasion of Ukraine.
All eyes are on the Fed. The central bank is expected to raise rates by half a percentage point at each of its next two meetings in May and June.
The crypto market climbed on Monday, with bitcoin trading near $41,000, after falling to as low as $38,500 earlier in the day.
Catch Up
Ethereum 2.0, an upgrade to the Ethereum blockchain, has been delayed until the latter half of 2022.
Some interns on Wall Street are earning $16,000/month, according to Bloomberg.
Former Twitter CEO Jack Dorsey criticized the company’s board on Sunday, saying it has 'consistently been the dysfunction of the company.'