Do U.S. Airlines Have a Legal Right to Bar Passengers Who Don’t Wear Masks?

Schwarzman Sees ‘Big V’ Economic Rebound in Next Few Months

(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...

Tesla Analyst Estimates 'Staggering' 650K Cybertruck Preorders

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...