AGP Executive Report
Last update: 8 hours agoMarkets: A post-midterm selloff wiped $3.5 trillion from global equities, driven by fears Democrats will curb AI and data-center investment. U.S. stocks recovered some ground Friday as chip shares rebounded, though trading remained mixed. Jobs & Rates: October payrolls rose by 165,000, beating forecasts, while unemployment slipped to 4.1%—a stronger report that could complicate the Federal Reserve’s rate decisions. Crypto: U.S. spot Bitcoin ETFs lost $411.9 million on Nov. 6, led by $403 million in outflows from BlackRock’s IBIT; Ethereum funds shed another $93.3 million. Financial Crime: Treasury sanctioned eight Canadian financial-services firms over alleged help moving funds for Iran-linked entities, cutting them off from the U.S. financial system. FinCEN also finalized a rule exempting U.S. companies and people from beneficial-ownership reporting under the Corporate Transparency Act. Retirement Costs: Retired households headed by someone 65 or older spent just under $61,000 in 2025, up 2%; housing took 38% of the average budget.
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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