Prolonged funding pressures in US money markets, just as bank reserves held at the Federal Reserve are dwindling, suggest the central bank may be getting closer to ending the unwinding of its massive portfolio of securities.  Overnight funding markets, where banks and asset managers borrow and lend to each other on a day-to-day basis, have […]

Key insight: Bank regulators typically offer supervisory relief for banks so they can offer credit during temporary hardships like shutdowns and natural disasters.  What’s at stake: Thousands of government workers and contractors could go without paychecks depending on how long the shutdown lasts. Forward look: It’s not clear if the White House will try to

OpenAI is making it easier for ChatGPT users to connect with third-party apps within the chatbot to carry out tasks, the company’s latest bid to turn its flagship product into a key gateway for digital services.  With the new option, unveiled Monday during OpenAI’s annual developers event, a ChatGPT user can ask to create a playlist for