AGP Executive Report
Last update: 4 hours agoRates: New Zealand’s central bank unexpectedly held its cash rate at 2.75%, despite forecasts for a hike, but left the door open to raising rates as early as December. Household Finances: Nearly 80% of workers’ pay is gone from checking accounts within 10 days, a bank analysis found; young adults were among the hardest hit. Markets: Robinhood shares fell after earnings missed expectations, even as trading volumes hit records. SoFi, by contrast, reported record quarterly revenue and a sharp rise in crypto activity, though that business generated just $1.6 million in net revenue. Banking Safety: A judge ruled banks can’t avoid liability in app scams, putting pressure on lenders to address fraud losses.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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