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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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Lady Gaga has finally explained her incredibly awkward interview with Jimmy Fallon last week. Fallon had called Gaga via FaceTime on April 2 and she immediately tried to stop the interview from even taking place. "I'm so sorry," Lady Gaga said on Monday referring to last week's odd chat.

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Tyler Armes says he co-wrote the song in 2018, but hasn't been given credit or a share of royalties. Tyler Armes on Tuesday sued Austin Post, publicly known as Post Malone, producer Frank Dukes and Universal Music Group.
Armes is asking the court for a declaration that he's a co-writer and co-producer of "Circles" and is entitled to credit and prospective and retroactive royalties.

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In an episode of Life of Kylie, her short-lived solo reality show, she expressed similar sentiments: “I feel like this fame thing is going to come to an end sooner than we think. Overall, Jenner has made it clear that the pressures of fame wear on her and that she cherishes the moments she gets to live a “normal” life, but they are rare.

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While other artists have pushed their album release dates back to a (hopefully) less turbulent time in the cultural landscape, pop star Dua Lipa instead pushed up Future Nostalgia to last week -- and was rewarded with her best week yet on the Billboard 200 albums chart. Xander Zellner: In terms of purely pop albums, Future Nostalgia is unquestionably the best so far.

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Prince Harry will be feeling 'helpless' and like a 'duck out of water' as he tries to establish himself in Los Angeles, a former royal editor has claimed. The couple took a private jet to Los Angeles, California with their eleven-month-old son Archie (pictured) just before non-essential travel between the two countries was suspended

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If you look on Amazon in other countries, like the UK listing for the Magic Keyboard, it suggests a May 30 release date. Meanwhile, the Amazon listing says the item weight and the shipping weight for the 12.9-inch Smart Keyboard is 1.09 kilograms. The weight of the 12.9-inch iPad Pro is 641 grams, so at first glance this new accessory is very heavy.

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You won't be able to play Xbox Series X games from an external hard drive, but it's still worth plugging one into your system. This means the 1 TB storage on Xbox Series X and the optional 1 TB expansion card can be reserved for next-generation games alone, while everything else is stored on an external USB drive.

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HBO today announced that its HBO GO and HBO NOW streaming services will no longer be available on second-generation and third-generation Apple TV models starting April 30, 2020. In order to provide the best streaming experience, we need to make some changes to our supported devices list. Starting on April 30, 2020, HBO GO will no longer be available on the Apple TV (2nd and 3rd generation).

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Answering a question on Twitter, PlayStation project manager Toshimasa Aoki clarified that the DualSense controller still has the same headset jack as the DualShock 4, meaning you'll be able to plug in your headset of choice if you don't want to use the built-in microphone.

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In an email interview published on Wednesday in The Tablet and Commonwealth magazines, Pope Francis said that the Coronavirus Pandemic is one of "nature's responses" to humans ignoring the current ecological crisis. He added that the current crisis provides an opportunity to slow down the rate of production and consumption to understand nature. Pope has been tested twice for Coronavirus, results came negative

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Coronavirus cases in India are on the rise as the country reported 773 new cases in the last 24 hours along with 32 deaths. Indian Health Ministry confirmed that the total number of infections now stands at 5,194. Indian Council of Medical Research said that a total of 121,721 COVID19 tests have been done in the country so far.

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America now has more than 400,000 confirmed coronavirus cases in the country, around 260,000 more than Spain which comes second on the list. The USA reported nearly 2,000 deaths yesterday, a new one-day record anywhere in the world. The total number of deaths in the US reached 12,800 with total recoveries stands at 21,711

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John Prime, an American influential songwriter, and singer died due to complications of COVID19 at the age of 73. His publicist tells CNN, "Yes, we can confirm on behalf of the Prine family, John died today at Vanderbilt due to complications of COVID-19."

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Pina Andelora and her partner Angelo Picone are street musicians who often perform traditional Neapolitan songs in Spaccanapoli, the heart of Naples. Picone hopes the solidarity baskets will inspire further acts of charity.
He wonders when the city streets will be bustling and he and Andelora will once again entertain tourists and residents with the songs of Naples.

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As the number of coronavirus cases surges in Japan, Prime Minister Shinzo Abe declared a month-long state of emergency on Tuesday for Tokyo and six other prefectures in an attempt to slow the outbreak.

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At his daily briefing Tuesday, New York Governor Andrew Cuomo said the state recorded 731 deaths from COVID-19 on Monday, April 6 - the largest daily toll yet. But he said hospitals and overflow medical facilities like the USNS Comfort are cooperating and keeping up with demands so far.

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Police in the southwestern Pakistani city of Quetta have arrested at least 50 doctors who were protesting against the lack of personal protective equipment (PPE) kits for health workers on the front lines of the country's battle against the coronavirus, officials and doctors' union representatives said.

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Austria and Denmark are two of the latest countries on the continent to have eased movement restrictions even as the coronavirus pandemic causes more than 50,000 deaths across Europe. Italy, Spain, France, and Germany suffered the most from COVID19

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