AGP Executive Report
Last update: 40 minutes agoMarkets: A late-October selloff wiped about $2 trillion from Nasdaq-100 stocks as investors questioned AI spending and growth. Intel and Reddit each plunged nearly 29%, while Alphabet lost more than $500 billion in market value in one day. Energy and Ethics: A report by Democratic members of Congress estimates President Trump’s oil and gas holdings gained 43% during the Iran war, as U.S. families paid an estimated $856 more for gasoline. Household Finances: Housing and food took nearly half of U.S. household spending in 2025, the largest share in 15 years, even as average pretax income rose 6.4%. Banking and Digital Finance: Major banks are restricting AI agents’ access to customer accounts, while regulators and lenders debate stablecoin rewards and crypto firms’ bids for bank charters—developments that could influence where deposits go. Rates and Growth: The U.S. economy grew 3.4% in the third quarter, but inflation picked up and the Fed held rates, keeping rate-cut expectations in question.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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