AGP Executive Report
Last update: 4 minutes agoAI Market Jitters: Goldman Sachs urged investors to look beyond AI stocks as volatility rises, while Fundstrat’s Tom Lee said the AI selloff may be “healthy” and could rebound later this year. Corporate Tech Pressure: IBM’s software business is being hit as AI shifts corporate spending away from legacy offerings. Deal Fever: Global dealmaking hit about $3.2tn in the first half, up 45% year-on-year, as big firms chase M&A amid market swings. US Jobs Reality Check: June payroll gains were the weakest in four months and long-term unemployment is creeping higher, even as the headline rate holds. Naira Moves: Nigeria’s naira firmed to around N1,380/$ on reserve-building signals. Policy & Compliance: Nigeria unveiled Phase 2 of its Legal Basis project for data protection, and Malaysia’s agriculture ministry urged durian exporters to stick to China phytosanitary rules. Trade & Growth: Reliance’s profit beat estimates on resilient oil-to-chemicals, while Skyroot’s Vikram-1 marked India’s first private orbital rocket success. Local Business: Walla Walla will launch a $50k incubator via T-Mobile grants; Bacolod shut 19 businesses after permit crackdowns.
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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