FreshDirect co-founder and former CEO Jason Ackerman said customers' growing interest in online grocery shopping during the coronavirus pandemic has whet venture capital firms' appetites. "I'm seeing more deals in online grocery ... than I've ever seen before," he said.
New York Gov. Andrew Cuomo said Monday that the state is now "on the other side of the mountain" as the daily number of hospitalizations, rate of new infections and deaths related to Covid-19 continue to decline.
"My own sense is the Fed went too far in going into the high-yield market," the Allianz economic advisor told CNBC on Monday. "You get people who shouldn't be borrowing raising money."
New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 316,400 people across the state as of Monday.
Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year earlier, as production disruptions weighed on its results.
Only 13% of small businesses that applied for relief through the Paycheck Protection Program have received funding, according to the CNBC/SurveyMonkey Small Business Survey released Monday.
Italy, Belgium and Portugal are reopening some business activities on Monday as they take their first tentative steps to lifting their coronavirus lockdowns.
Last week, de Blasio and New York Gov. Andrew Cuomo announced New York City is suspending 24-hour subway service to disinfect subway cars and protect essential workers during the coronavirus crisis.
Dow futures drop Monday as U.S.-China tensions escalate over the coronavirus. Airline stocks fell after Warren Buffett's Berkshire Hathaway sold all its stakes in United, American, Southwest and Delta.