AGP Executive Report
Last update: 9 hours agoShipping and Fuel Costs: President Donald Trump extended the Jones Act waiver for 90 days, allowing foreign-flagged vessels to carry oil and other goods between U.S. ports. Since March, about 90 million barrels of fuel and commodities have moved under the waiver, including propane shipments to Puerto Rico. Interest Rates: Birling Capital’s Francisco Rodríguez expects the Federal Reserve to raise rates by a quarter-point in December. He said higher rates could pressure Puerto Rico banks’ margins and borrowers as unemployment and bankruptcies rise. Air Connectivity: JetBlue’s route cuts include New York JFK–Ponce, which no longer appears in its future schedule. Grid Reliability: Sunrun says its Puerto Rico virtual power plant now includes more than 60,000 customers and can supply 45 megawatts for up to four hours; the company has dispatched batteries more than 60 times to support the grid. Business Expansion: Fazoli’s is opening a second Puerto Rico location in Cupey, while Roost Santurce opened with a $200,000 investment and 12 jobs.
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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