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United Airlines CEO backs national wealth tax; GM profit outlook disappoints; OpenAI targets $1.4T valuation.

Market News
20 Oct 2026
Seeking Alpha
View Source
Neutral
United Airlines CEO backs national wealth tax; GM profit outlook disappoints; OpenAI targets $1.4T valuation.

United Airlines CEO Scott Kirby supports a national wealth tax and near 100% inheritance tax to address wealth inequality, stating he would pay such taxes. General Motors faces stock pressure after a Q3 earnings beat was overshadowed by disappointing FY26 profit guidance and rising costs. GE Aerospace raised its full-year outlook following strong Q3 results driven by jet engine demand. OpenAI is seeking $30 billion in new investments to reach a $1.4 trillion valuation, projecting annual revenue to hit $70 billion by year-end. These developments highlight shifts in corporate strategies and investor expectations across sectors.

United Airlines (UAL) shares rose 2.86% to USD 98.33 as of Oct 20, 2026 23:21 WIB on Pluang, despite heavy selling pressure with 99% of orders to sell. General Motors (GM) shares dropped 7.71% to USD 76.37, while GE Aerospace (GE) fell 4.48% to USD 297.34. These moves reflect mixed investor sentiment across sectors on Pluang at this time.

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