AGP Executive Report
Last update: 2 hours agoMarkets & AI: Alphabet shares plunged more than 12%, wiping about $500 billion from its market value as investors questioned whether soaring AI costs can pay off amid softer search-ad growth. U.S. business investment in AI is still helping drive growth, but a Gartner report says companies aren’t yet saving money with the technology. Economic Outlook: The U.S. economy grew at a 3.4% annual rate in the third quarter, its fastest pace in a year, though inflation may complicate the Fed’s next moves. Deals & Expansion: Wendy’s is weighing a $1.4 billion offer to go private from an investor group. Linamar plans to invest $25 million in Albion, Indiana, equipment, with 33 new jobs expected. Growth Capital: Kenya’s Kenafric Group launched a $10 million fund to help African consumer businesses scale.
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