AGP Executive Report
Last update: 11 hours agoHousing Slowdown: Redfin says U.S. home sales fell 4.1% in July to the lowest level in nearly two years, with pending sales down 2.5% as mortgage rates rose to a one-year high of 6.54% and prices hit a record median of $407,730. Tariff Flashpoint: Canada’s PM Mark Carney suspended talks and Canada will “match” new U.S. 50% tariffs on about $28B of goods, including cement and hockey sticks, after a deadline extension. Markets & Debt: U.S. stocks rebounded Friday but still logged weekly losses as investors wrestled with higher Treasury yields; attention turns to Treasury Secretary Scott Bessent’s Monday Iran-focused economic plan. SEC Enforcement: The SEC charged two former Wall Street bankers over an $18.5M insider trading scheme tied to a South Jersey Industries takeover announcement. Retail Payments: Walmart and Sam’s Club will add Google Pay Tap to Pay starting Aug. 24, expanding nationwide by end-2026. Crypto & Policy: TikTok agreed to a $400M DOJ settlement over children’s privacy; meanwhile, Bitcoin surged on expectations of clearer crypto rules and Treasury market moves.
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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