AGP Executive Report
Last update: 4 hours agoEnergy and Markets: The U.S. has licensed Russian diesel imports through April 2027, drawing bipartisan claims that the move violates a 2022 ban. Diesel topped $6.26 a gallon, while analysts doubt the deal will meaningfully ease fuel costs. Wall Street: Stocks are near record highs as major banks report earnings, but Fed data shows the wealthiest 1% hold 50.9% of U.S. stock and mutual-fund wealth, versus 0.6% for the bottom half. Household Finances: Nearly one in five families with debt are behind on payments, the highest share since 2010. Separately, about one in three privately insured working-age Americans are paying medical bills over time. Banking Risk: Coastal Financial faces a shareholder lawsuit over alleged gaps in disclosures about credit protections from banking-as-a-service partners; the company reported a $68.8 million credit expense tied to one partner and a $42.1 million quarterly net loss.
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