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The Dow Jones Industrial Average rose more than 500 points Thursday midday after the Federal Reserve unveiled plans for $2.3 trillion in coronavirus lending programs. Dow Jones stock leaders Apple and Microsoft turned mixed, as the new stock market rally continues.

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Scottish Government has issued the orders for the event organizers, that they should cancel or postpone all massive gatherings. The orders apply to all sorts of events with 500 people or more. These gatherings have been the spreading source of the disease.

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Coronavirus had a massive impact on the event management industry as most of the events and conferences are postponed or canceled. Therefore, they are facing a huge amount of losses. Many other sectors are also disturbed which are associated with the Event Industry, and by considering the current situation, the event management association of north-west has decided to come together and help all those sectors which are in trouble.

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An analysis by Cowen & Co. late last month said that America's department stores, including Nordstrom, can make it as much as eight months with closed stores before liquidity troubles really being to mount. J.C. Penney and Nordstrom fared a bit better and have enough cash to last eight months with their stores closed, Cowen said.

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Further illustrating the degree of daily price swings, the S&P 500 ended a 12-day streak of 1% moves up or down, the Bespoke analysts noted. A 13-day run is longer than anything seen during the 2008 financial crisis and just two shy of the 15 straight days of plus or minus 1% moves seen in October 2002 at the lows of that bear market, they said.

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McDonald's said Wednesday that its global same-store sales fell 22% in March as the coronavirus pandemic led the fast-food chain to close its dining rooms. In its international developmental licensed markets and corporate restaurants segment, which includes China, Japan and Brazil, same-store sales fell 19.4% in March. The company said that its global same-store sales fell 3.4% in the first quarter.

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Tesla will cut salaries by as much as 30% and furlough workers in the wake of the electric carmaker’s forced production wind-down due to the coronavirus pandemic. Starting next Monday, U.S. employees at the electric car and solar battery system maker who hold director and vice president-level roles and above will see pay reductions of 20% to 30%, and "everyone else" will receive a pay cut of 10%

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Experts say empty store shelves also are caused by a fundamental shift in demand for a certain kind of toilet paper for use at home, as well as kinks in the supply chain between factories and stores. The demand has “increased on retail, and it’s staying steady or surged in the commercial market” because of use at busy health care facilities and other essential businesses, said Eric Abercrombie.

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The World Trade Organization (WTO) is predicting a severe decline in international commerce this year. The wide range of possibilities reflects the uncertainties about the health crisis. The report says that the growth in global trade had already stalled towards the end of last year. Mr Azevedo from WTO said trade would be an important ingredient in the economic recovery after the crisis.

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J.P. Morgan analyst Brian Ossenbeck kept his ratings at neutral for both FedEx and UPS, but said he expects the stocks to react "favorably" to the WSJ report. Shares of FedEx have lost 23.3% year to date through Tuesday and of UPS have declined 20.6%, while Amazon's stock has gained 8.9% and the Dow Jones Industrial Average DJIA, +2.53% has declined 20.6%.

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The Department of Health and Human Services on Wednesday announced a nearly $500 million contract with General Motors under the Defense Production Act to produce 30,000 ventilators that will be delivered to the national stockpile to help treat coronavirus patients.

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Deal conversations began before "things got challenging" due to coronavirus, but they were able to continue despite the current economic slowdown, according to Noto and Galileo CEO Clay Wilkes. The cash-and-stock deal will help the companies launch new products, expand internationally and capitalize on consumers' shift to digital finance, according to the CEOs of both companies.

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U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week. However, the fact remains that the U.S. is the top oil producer, and if it does not adjust its output, Russia’s and Saudi Arabia’s willingness to curb production will make little sense for prices.

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Nissan plans to furlough most of its hourly manufacturing employees as its US plants remain closed to help slow the spread of Covid-19. Nissan is asking furloughed employees to apply for unemployment through at least April 27, when the company plans to restart production. The Company closed its US plants on March 20.

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The public investment fund's purchase of 43.5 million shares in Carnival comes as the company scrambles for liquidity while the coronavirus pandemic cripples the global travel industry , particularly the major cruise lines.
jumped by more than 20% Tuesday, extending Monday's gains after the Saudi sovereign wealth fund disclosed an 8.2% stake in the cruise operator.

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There is far less information on how entrepreneurs' loved ones can help founders build the mental resilience they need to survive and thrive. While the passion entrepreneurs have for their ventures can help temper their stressors, as a loved one you are along for an unpredictable journey. Oftentimes, a loved one may be the only person to help an overloaded entrepreneur see the bigger picture.

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The United States faces "a bad recession," combined with the kind of financial stress not seen since the global financial crisis of 2008, JPMorgan Chase CEO Jamie Dimon warns. "We are exposing ourselves to billions of dollars of additional credit losses as we help both consumer and business customers through these difficult times," Dimon wrote.

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Leading German academics wrote a report last week which was published by the Ifo Institute for Economic Research suggest that they don’t expect a coronavirus vaccine to be available before 2021, so the Government must plan how to reopen the damaged economy, the report suggests that the country should now create a national task force of experts and public representatives, additionally, Germany should give preference to Auto and Telecommunication industry

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American Insurance company Allstate recently released numbers related to car usage in the country, “We have access to data from over 23 million cars, and we can see the drop in driving by day," Allstate CEO Tom Wilson said on a call with reporters Monday. "In most states, driving mileage is down 35 to 50%. And this has happened even in states that don’t have shelter-in-place restrictions.”

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On the day that the Centers for Disease Control and Prevention (CDC) advised the public to wear cloth face masks to slow the spread of the novel coronavirus, Etsy’s CEO, Josh Silverman, told his community of sellers that those with the skills and materials to make these masks should consider doing so.

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Wayfair shares surged more than 37% Monday after the online furniture company said its business is booming, as people furnish their home offices or decorate while they are shut in during the coronavirus pandemic.
"The fact that Wayfair is seeing an increase in sales makes sense," said Dan McCarthy, an assistant professor of marketing at Emory University.

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There is growing optimism that euro zone finance ministers will approve new funding to the countries wrestling with the coronavirus pandemic, but division over so-called "corona bonds" is likely to remain.
The three officials suggested ministers are likely to approve a credit line through the region's crisis fund — the European Stability Mechanism (ESM).

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During this COVID-19, where we all are facing social distancing and adopting work from home culture. Companies are trying to build online training programs for their employees so that they can continuously work on their skills and capabilities. Most of the companies are arranging webinars for their employees so they can keep in touch with the latest industry trends with the help of experienced corporate trainers.

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Corporate Training Programs are one of the most integral parts of any organization. The key benefits that we can achieve through these programs are as follows.
1. Employee Retention
2. Employee Engagement
3. Achieving Business Revenues
4. Increase in the technical skills of employees
5. Development of Quality Human Resource
6. It will help to develop a culture of Optimism and risk-taking
7.Emotional attachment with the organization

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Sergio Rossi, the 85-year-old Italian women's footwear designer responsible for founding the high-end women's footwear industry in the mid-20th century, has passed away due to the COVID-19 infection. Rossi passed away in his hometown of Cesena in central Italy. The country's coronavirus death toll is the highest in the world at 13,915 confirmed deaths.

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