AGP Executive Report
Last update: 12 hours agoCorporate Taxes: A think-tank analysis says 114 profitable U.S. companies, including Tesla and Disney, paid no current federal income tax last year. Corporate tax revenue fell about $70 billion to $381 billion in the fiscal year ending September, renewing concerns about the deficit. Economic Outlook: U.S. GDP grew at a 3.4% annual rate in the third quarter, beating expectations. Banking: The Federal Reserve approved Scotiabank’s application to become a U.S. bank holding company as it pursues the acquisition of MapleMark Bank to support its mortgage and deposit businesses. Capital Markets: Pakistan reported Rs291 billion in corporate debt issuance in the first nine months of 2026 as it seeks to widen access to long-term financing. Business Investment: Tipton County has broken ground on a planned industrial and logistics park, backed by a $3 million state grant, after six years of development work. Retail & Property: Amazon shares fell 7% as higher AI spending met slowing e-commerce growth, while commercial property investment sentiment weakened amid tighter lending costs.
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