AGP Executive Report
Last update: 7 hours agoEnergy Shock: Brent crude topped $110 a barrel as Middle East shipping disruptions raised fears for Europe’s economy. S&P warns the shock could add up to 7 percentage points to Turkey’s inflation and shave 0.4 points off growth. Housing: U.S. pending home sales plunged 7.3% in September, their lowest level since at least 2001, as mortgage rates surged toward 7.5%. Tech Risks: Qualcomm plans global job cuts from November amid weak smartphone demand. Separately, Gartner expects more than 80% of independent neocloud firms to lose their independence by 2030, sharpening concerns that AI infrastructure spending may not pay off. Corporate Outlook: GE Aerospace raised its 2026 profit forecast after a strong quarter, but shares fell 4% as rising engine costs and weaker cash flow unsettled investors.
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