AGP Executive Report
Last update: 4 hours agoInflation & Spending: U.S. producer prices jumped 1.3% in September and consumer inflation hit 3.7%, rattling markets and adding to pressure on the Fed. Retail sales beat forecasts, though higher gas prices contributed. Jobs: Weekly jobless claims edged up to 199,000. Iowa’s unemployment rate held at 3.2%, while the national rate reached 4.2%. AI & Investment: Wharton found 91% of surveyed employees use AI more than weekly. Anthropic reported $16.8 billion in third-quarter revenue and a second straight quarter of adjusted profitability. Senators are questioning Meta’s $6.6 billion in research tax credits as the company expands AI data-center spending. Banks: A U.S. regulator accused nine large banks of restricting customers for political or religious reasons. Bank of America also faced a $1.21 billion penalty over money-laundering and sanctions violations. Business Finance: Equipment-finance companies grew new business volume 6.8% in 2025, more than twice the inflation rate.
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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