AGP Executive Report
Last update: an hour agoMarket Turmoil: AI fears and election uncertainty sent the Nasdaq down 5.5% Thursday, wiping about $2.5 trillion from tech stocks; markets steadied Friday, but investors remain wary of spending-heavy AI firms. Anthropic’s planned $1.5 trillion IPO valuation is under pressure as investors question its costs and ability to deliver returns. Crypto: Bitcoin recovered toward $76,000 after falling nearly 6%, though analysts cautioned that selling had eased without clear signs of renewed buying. Banking: First Nations Bank of Canada raised $50 million, including $15 million from Mississaugas of the Credit First Nation; the bank says the new capital will expand its lending capacity. Property: Asia-Pacific commercial real estate investment rose 24% in the first nine months of 2026, but higher rates and increased selling intentions point to more cautious risk appetite. Corporate Finance: DraftKings shares slumped after the company sharply cut its 2026 earnings outlook, citing heavy investment in prediction markets.
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