By now, I'm assuming you've heard about President Trump's plan to jump-start the U.S. economy by spending $1 trillion on an "infrastructure plan." You really should have heard of it by now... because he's been promising it for about four straight years. But could 2020, with its arrival of a coronavirus and a recession that's cost more than 40 million Americans their jobs, be the year that it finally happens?Maybe.In Rosenblatt's latest report on the subject, analyst Ryan Koontz admits that there have been "years of infrastructure talk from all sides and surprisingly little to show for it." But he also argues that passing an infrastructure bill, as an economic stimulus measure to get people back to work and help restart the economy, "makes sense" and is "broadly favored in public polling," suggesting that 2020 could be the year there's enough public support to get such a plan through Congress.Moreover, the...
Thus far, the U.S. federal government has shown no interest in requiring airline passengers to wear masks to prevent the spread of Covid-19. So many carriers, including American Airlines, United Airlines, and Delta Air Lines, are doing it for them, going so far as to threaten to put non-compliers on their "do-not-fly" lists. Some passengers […]...
Rand McNally recently debuted new ClearDryve wireless stereo headphones for commercial truck drivers that convert into mono headsets through removal of one earcup, providing flexibility for over-the-road drivers. ...
(Bloomberg) -- Steve Schwarzman, chief executive officer of Blackstone Group Inc., said the economy is likely to benefit from a V-type recovery in the next few months.“You’ll see a big V in terms of the economy going up for the next few months because it’s been closed,” Schwarzman, co-founder of the world’s biggest alternative asset management firm, said Monday in an interview during the Bloomberg Invest Global virtual event.While markets are benefiting from both liquidity and optimism that the coronavirus crisis can eventually be contained, Schwarzman said the economy will “take quite a while before we sync up and get back to 2019 levels.”Also at the event, hedge fund manager Bill Ackman said he believes the recovery will begin by year-end and a normalization of the economy in the second half of 2021. Ackman said he sees gradual improvement on all fronts with so many resources poured into the health-care crisis.The...
One of the biggest potential catalysts for Tesla Inc (NASDAQ: TSLA) in the next couple of years is the Cybertruck, and one analyst said on Monday he's cautiously optimistic Tesla's first truck will be a big hit.The Tesla Analyst: Wedbush analyst Daniel Ives reiterated his Neutral rating and $1,000 price target for Tesla.The Tesla Thesis: Ives said the Cybertruck appears to be gaining momentum ahead of a 2021 or 2022 launch."We estimate that pre-order levels are staggering coming out of the gates since announced last year and currently stand north of 650k based on our estimate with momentum building for this latest Musk brainchild," Ives wrote in a note.Given initial demand for the Cybertruck appears significant, Ives said the next big news from the company regarding the Cybertruck could be the location for the Cybertruck factory. Ives said Austin, Texas and Tulsa, Oklahoma appear to be frontrunners at this point.Ives said...
