QUICK HITS

1 IMF cuts outlook: The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war

in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus. The 190-country lender cut its forecast for global growth to 3.6% this year, a steep falloff from 6.1% last year and from the 4.4% growth it had expected in January.

Renters priced out ofhome 2 ownership: Double-digit rent increases in the past year make many renters long to lock in their housing costs by buying a home. But a recent analysis by Porch, a home services platform, found that 61% of renters can’t afford to a buy a home in their city. High rents also make it difficult to save more to buy in the future.

Bond upheld for parents of

3 alleged school shooter: A judge on Tuesday denied a motion to reduce bonds for the jailed parents of a Michigan teenager who is charged in a shooting that left four of his fellow students dead. An Oakland County Circuit judge said that James and Jennifer Crumbley’s actions before their Dec. 4 arrests were meant to conceal their whereabouts.

Desantis threatens Disney:

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Florida Gov. Ron Desantis announced Tuesday he has expanded the Legislature’s special session on redistricting to cut to the core of his latest political enemy, announcing he wants lawmakers to repeal the law that allows Walt Disney World to operate as a self-governing body.

Netflix loses subs: Netflix’s video 5 streaming service suffered the first loss in worldwide subscribers in its history, leading to a massive sell-off after hours. The company’s customer base fell by 200,000 subscribers during the JanuaryMarch period, according to a quarterly report released Tuesday.