AGP Executive Report
Last update: 8 minutes agoMarket Shock: Nvidia has lost about $490 billion in market value this week as CEO Jensen Huang’s resignation and worries about the AI trade hit sentiment. US indexes slipped about 0.4% Thursday, though losses were modest compared with the turmoil at the chipmaker. Bond Risks: Vanguard CEO Salim Ramji warned that bond-market volatility could resurface as a major risk in 2027, with rising yields reflecting concerns about inflation, deficits and the economy’s capacity. The 10-year Treasury yield reached 5.34% in October, its highest level since 2007. Global Finance: At a Budapest conference, officials said wider use of the renminbi is expanding financing options for China–Central and Eastern Europe trade; cross-border RMB receipts and payments rose 10.1% to 70.6 trillion yuan in 2025. Digital Payments: Visa and Anchorage Digital will allow Western Union’s dollar stablecoin USDPT to settle obligations on Visa’s network, marking the token’s first card-network settlement role.
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