AGP Executive Report
Last update: 7 hours agoBanking: Chemung Financial reported third-quarter net income of $12.7 million, up from $7.8 million a year earlier, citing steady commercial lending and lower funding costs. Northrim Bancorp and PBCO Financial shareholders also approved their proposed merger, advancing a deal aimed at expanding community-bank services. Corporate Taxes: A new study found 706 major U.S. companies paid an effective federal tax rate of 10.4% on $1.88 trillion in 2025 profits; 114 paid no federal income tax. Trade: U.S. investment in China rose 7.7% in the first nine months of 2026, according to China’s Commerce Ministry. India plans district-level action plans and workshops to help exporters, especially smaller firms, use its free-trade agreements. E-Commerce: India’s GST reforms set for Nov. 1 will simplify registration and speed refunds for small online sellers. Market Watch: Atlantic American faces a Nasdaq delisting process after missing required financial filings, though it says it will appeal and is working to submit the outstanding reports.
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