New York Fed met with Wall Street firms about key lending facility: FT

Key Points

New York Federal Reserve President John Williams met with Wall Street’s dealers last week about a key lending facility, the Financial Times reported, citing three individuals familiar with the matter.
The meeting included representatives from many of the 25 primary dealers from banks that underwrite the government’s debt, according to the report.
Williams sought feedback from these dealers on the use of the Fed’s standing repo facility, a permanent lending tool that acts as a backstop for markets.

Source

Finance

Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era

April 27, 2026

Key Points The founder of Bridgewater Associates said persistent inflation pressures alongside slowing growth create a backdrop that demands caution from policymakers. “We are certainly in a stagflationary period,” Dalio said Monday on CNBC’s “Money Movers.” Source

Finance

Stocks making the biggest moves midday: Sandisk, Micron, Verizon, AMD, GE Vernova and more

April 27, 2026

Check out the companies making the biggest moves in midday trading: Sandisk , Micron — Memory stocks were trading higher after Melius Research highlighted the group and said the artificial intelligence cycle should keep demand high for memory through the end of the decade. The analysts said that investors will likely be willing to pay […]

Finance

This bank CEO let his AI clone handle an earnings call — now he’s signing an OpenAI deal

April 27, 2026

Key Points Customers Bank has signed a multiyear partnership with OpenAI, with engineers set to be embedded at the bank to help automate lending and onboarding, CNBC has learned exclusively. The bank is targeting an improvement in its efficiency ratio from about 49% to the low 40s and higher returns starting in 2027, while codeveloping […]