AGP Executive Report
Last update: 9 hours agoConsumer Spending: US retail sales fell 0.6% in July, the biggest drop since May 2025, with non-store retailers and auto dealers dragging results. Fraud & Scams: Australia’s ASIC says AI deepfake investment scams are surging, with more than 19,000 scams removed in 12 months as fraudsters impersonate finance experts to push victims to fake sites. Medicaid Planning: A federal “spousal impoverishment protection” rule can let the at-home spouse keep the house, car, and protected savings while the other spouse qualifies for nursing-home Medicaid—critical when care costs run about $9,000 a month. Banking Access in Nigeria: First City Monument Bank raised its FastCash instant-loan limit to ₦500,000 via its mobile app/USSD, with repayment up to 90 days for eligible customers. Credit Cards Policy: US senators backed the Credit Card Competition Act aimed at Visa and Mastercard dominance. Household Costs (Fuel): Gas prices eased in many areas, with GasBuddy reporting the lowest premium regular and E15/E85 prices varying widely by county for the week ending Aug. 8.
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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