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EU should revive talks on broader China trade deal, top MEP says

Euronews Business - Wed, 10/21/2026 - 18:16
As EU lawmakers prepare to visit Beijing, the European Parliament's trade chief is calling for a broader agreement that could revive elements of a frozen investment pact and address unfair Chinese trade practices across multiple industries.
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Forbes Unveils America’s 250 Greatest Optimists, Celebrating The Visionaries Who Have Shaped The Nation’s Future

Forbes Business - Wed, 10/21/2026 - 18:14
Forbes today unveiled the Forbes 250 Optimists package, recognizing the visionaries whose ambition, long-term thinking and belief in new possibilities embody the optimism at the heart of the American Dream.
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DOJ official takes swipe at United Airlines CEO amid backlash over wealth tax proposal

Fox Business - Wed, 10/21/2026 - 18:10

United Airlines CEO Scott Kirby is facing criticism over his support for a national wealth tax and inheritance taxes approaching 100%, with a senior Justice Department official joining the backlash by taking a jab at the airline's service.

Harmeet K. Dhillon, assistant attorney general for the Justice Department's Civil Rights Division, weighed in on the controversy with a post on X about her recent experience flying United.

"The WiFi didn’t work on my last two flights," Dhillon wrote.

Her comment followed Kirby's remarks in a recent interview with The New York Times, in which he warned that growing wealth inequality poses a "danger" to American society.

UNITED CEO SILENT ON $32M COMPENSATION AFTER CALLING WEALTH GAP A ‘DANGER’

"We should have a national wealth tax — it won’t work by state because people will just move," Kirby told the Times. "And I think we should have inheritance taxes that get close to 100 percent at some level. I would pay them."

Kirby's position has also drawn attention to his own compensation. The United CEO received about $32.3 million in total compensation in fiscal year 2025, including salary, stock awards and performance incentives. That was roughly 334 times the $96,670 median employee compensation reported by the airline, according to United's 2026 proxy statement.

FORMER UNITED EXECUTIVE EXPLAINS HOW NEW JERSEY FIBER CUT DISRUPTED NORTHEAST FLIGHTS

Beyond his tax proposals, Kirby also addressed United's pricing practices during the interview, defending the airline's decision to charge passengers more for certain seating options.

"There are some customers who want to sit in a window seat or a better seat, and that costs money to deliver," Kirby said.

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His comments prompted criticism from some social media users, with some threatening to stop flying United and others urging Kirby to focus on ticket prices and customer service.

One user wrote that Kirby should focus on "Flight safety, price, timeliness," adding, "How about we start with not charging $500 for basic 2 hour domestic routes?"

FOX Business' Stepheny Price contributed to this report. 

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Zelenskyy Says Marco Rubio Told Him He Will ‘Unblock’ Starlink Slowdown In Ukraine

Forbes Business - Wed, 10/21/2026 - 18:06
The White House and Elon Musk have pointed fingers at each other over who made the decision to slow down Starlink connectivity in Ukraine, which caused a loss in defensive military capabilities.
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Elon Musk Reclaims Trillionaire Status After Gaining $88 Billion On SpaceX, Tesla Jump

Forbes Business - Wed, 10/21/2026 - 17:43
Elon Musk became a trillionaire again on Wednesday morning after bullish SpaceX earnings and the confirmed potential for a SpaceX-Tesla merger pushed both stocks up.
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The political ad wars are still being fought over the airwaves even as digital gains share

CNBC Business - Wed, 10/21/2026 - 17:40
Broadcast TV is set to capture nearly half of political advertising spending ahead of the midterm election as local stations benefit from record spending.
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Hundreds Evacuated In Ohio After Chemical Tank Explosion

Forbes Business - Wed, 10/21/2026 - 17:36
A tank containing glycidyl methacrylate exploded in a Toledo facility Tuesday night, causing a chemical plume.
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SpaceX Stock Surges 10% On Blowout Earnings—As Musk Confirms Potential Tesla Merger

Forbes Business - Wed, 10/21/2026 - 17:35
SpaceX stock rose 10% on Wednesday morning after the company reported bullish third-quarter earnings.
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