AGP Executive Report
Last update: 6 hours agoFed & Rates: The Fed held its benchmark rate at 3.75%–4%, citing strong growth but still-elevated inflation. Two officials backed a hike, keeping borrowing-cost risks in focus after next week’s midterms. AI Spending: Investors are rewarding companies that can fund the AI buildout: Microsoft’s results eased cash-flow concerns, while Alphabet shares sank more than 10% after an earnings miss and a $9 billion free-cash-flow outflow. Chip Boom: Samsung posted record quarterly operating profit of 107.4 trillion won as AI demand lifted memory sales; SK hynix says key memory supplies are committed through 2029. Energy Outlook: Brent climbed to $115 a barrel amid Middle East supply fears. The World Bank forecasts energy prices will rise 32% in 2026, while plentiful U.S. gas faces a bottleneck in the turbines, pipelines and grid capacity needed to power data centers.
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