AGP Executive Report
Last update: 2 hours agoConsumer Pressure: U.S. confidence fell for a second month in October, with the University of Michigan index sliding to 46.3 from 48.1 as households worried about prices and borrowing costs. Wealth Divide: Fed data show families led by someone 75 or older are now the wealthiest, while median net worth for adults 35 and under fell 23% from 2022 to 2025. Wireless Shake-Up: SpaceX’s plan to expand Starlink into mobile service sent AT&T and Verizon shares down 10% and T-Mobile down 14%, wiping more than $50 billion from major carriers’ market value. Rising Business Costs: AI-driven data-center demand is adding pressure to power bills, with wholesale prices up 41% in the nation’s largest electricity market; surging diesel prices are also weighing on the U.S. economy. Fed Independence: President Trump created a committee to assess whether he can remove Fed Governor Lisa Cook over allegations she denies, setting up a potential new court fight.
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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