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Logan Says Fed Should Consider Replacing Benchmark Funds Rate

Federal Reserve Bank of Dallas President Lorie Logan said the US central bank should abandon the federal funds rate as its benchmark in implementing monetary policy, and consider an overnight rate tied to the more robust market for loans collateralized by US Treasuries.

ChatGPT Feature Offers Users a Personalized Daily Briefing

OpenAI is rolling out a new ChatGPT feature that sends users a set of personalized news, research and other updates each day based on their prior conversations with the chatbot, an early attempt at making its flagship product more proactive.

Ambipar Gets Emergency Court Protection as Creditors Pounce

Brazilian waste-management company Ambipar Participações e Empreendimentos SA was granted emergency protection against creditors after telling a court it was at risk of financial collapse — capping a bruising month that drove its bonds to record lows.

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