United Airlines Holdings Inc. Chief Executive Officer Scott Kirby defended his support for a national wealth tax that’s been lampooned by conservative politicians, arguing that the current system unfairly allows the richest Americans to accumulate fortunes without paying taxes on investment gains.

An adviser to former President Joe Biden said the Iran war is a significant vulnerability for Republicans and cast doubt on the political logic of escalating the conflict before the midterm elections.

BMO Global Asset Management’s Earl Davis said he sees the 30-year US Treasury yield crossing 6% as “inevitable” — and likely within October — as bond-market volatility creates a cycle driving rates higher.

A surge of corporate bond supply in the US high-yield market is starting to overwhelm debt investors, pushing risk premiums to the highest level in five months, according to Goldman Sachs Group Inc.’s head of credit strategy.

Apollo Global Management Inc.’s Torsten Slok warned that record diesel prices pose a greater inflation threat than the Federal Reserve may appreciate because those fuel costs flow into the core consumer price index.

A US ban on diesel exports would rapidly fill domestic storage, depress the fuel’s prices and ultimately shrink gasoline supply while pushing up costs at the pump, according to Goldman Sachs Group Inc.’s co-head of global commodities research.

Russia will increase its acts of sabotage against European NATO members in a bid to deter support to Ukraine, Latvian Foreign Minister Baiba Braze said.

Trade Representative Jamieson Greer indicated China and the US remain divided on the terms of a trade truce extension, suggesting that three to six months was a range that Washington could support.

Veteran commodities strategist Jeff Currie said average US gasoline prices will almost certainly hit $5 a gallon before the midterm elections, citing a toxic combination of scarcity and currency debasement.

The United Nations atomic watchdog said it’s observed construction activity at Iran’s Pickaxe Mountain, a heavily-fortified site suspected of housing nuclear-related activities.

The US investment-grade bond market faces a busy September, but demand for corporate debt suggests anxiety about heavy supply may be overblown, according to Kelsey Berro, a portfolio manager at JPMorgan Asset Management.

Apollo Global Management’s Torsten Slok said the Federal Reserve’s abandonment of forward guidance is fueling historic bond market volatility, sending Treasury yields swinging “up and down like a yo-yo.”

JPMorgan Asset Management’s Bob Michele said the trio of dissents from Federal Reserve policymakers stood out in the central bank’s hold-the-line decision on Wednesday, signaling that pressure for higher interest rates is likely to persist.

Morgan Stanley’s Lisa Shalett urged investors to be cautious on chipmakers as evidence mounts that their pricing power is limited, suggesting that the stocks may have rallied too far on optimism around artificial-intelligence spending.

Morgan Stanley’s Lisa Shalett urged investors to be cautious on chipmakers as evidence mounts that their pricing power is limited, suggesting that the stocks may have rallied too far on optimism around artificial-intelligence spending.

Investors are getting better at distinguishing between the potential risks and rewards in artificial intelligence, according to JPMorgan Asset Management’s David Lebovitz, a crucial lesson for Wall Street as AI becomes an “everywhere” trade.

Investors are getting better at distinguishing between the potential risks and rewards in artificial intelligence, according to JPMorgan Asset Management’s David Lebovitz, a crucial lesson for Wall Street as AI becomes an “everywhere” trade.

Market strategist Ed Yardeni said the rupture in the ceasefire between the US and Iran risks sparking a fresh acceleration in price growth, which in turn could compel the Federal Reserve to raise interest rates.

Apollo Global Management Inc.’s Torsten Slok warned that companies outside the giants of the technology sector are failing to show gains in profitability from their spending on artificial intelligence, posing risks to Big Tech valuations.

Apollo Global Management Inc.’s Torsten Slok warned that companies outside the giants of the technology sector are failing to show gains in profitability from their spending on artificial intelligence, posing risks to Big Tech valuations.