AGP Executive Report
Last update: 6 hours agoCrypto Risk: Binance halted withdrawals after a suspected North Korea-linked hack stole about $6 billion; firms froze roughly $3 billion, and Binance says it will cover customer losses. AI Spending and Markets: Amazon’s planned $220 billion in capital spending helped spook investors after quarterly free cash flow turned negative by $33.4 billion. Intel plunged as much as 30% on a weak forecast, adding to a tech sell-off. Investor Flows: Global ETFs drew a record $2.24 trillion through September, with nearly half going to iShares, Vanguard and State Street. Cross-Border Investing: Foreign investors pulled more than 26 trillion won from South Korean stocks and bonds in September. India’s SEBI, meanwhile, extended eligible foreign portfolio investors’ KYC review cycle to eight years. Company Outlook: Johnson & Johnson booked about $7 billion in charges, largely tied to litigation and transactions, but raised its full-year outlook.
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