AGP Executive Report
Last update: an hour agoHousehold Costs: Insurance is overtaking property taxes for homeowners: premiums plus weather-related auto costs now exceed property-tax bills in 75% of U.S. counties, as home insurance costs have risen 45% over the past decade after inflation. Market Shifts: The 10-year Treasury yield fell below 5% in its steepest one-day drop in more than three years, as investors sought safety amid a tech selloff and worries about Big Tech’s borrowing and AI spending. Bitcoin slid below $80,000 as Middle East tensions rattled markets. Banking Security: U.S. banks are blocking AI agents from customer accounts after reports that automated agents were detected inside accounts, raising new concerns about access controls and fraud. Consumer Finance: American Express raised its profit outlook as card spending climbed, offering a brighter signal on consumer demand.
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