Ally Financial’s Quarterly Profit Tumbles on Higher Provisions
Ally Financial Inc.’s shares gained the most since January after the auto lender’s first-quarter results topped Wall Street forecasts.
Ally Financial Inc.’s shares gained the most since January after the auto lender’s first-quarter results topped Wall Street forecasts.
A prominent Tesla Inc. investor on Wall Street warns his bullish case would be in jeopardy should Elon Musk abandon the long-held bid to bring a low-cost vehicle to the masses.
A small group of funds has accumulated such large short wagers in the Treasury market that they could destabilize the broader financial system during times of stress, according to the International Monetary Fund.
German Chancellor Olaf Scholz said European Union leaders are planning to send seven additional Patriot air-defense systems to Ukraine as Russia escalates missile and drone strikes on the nation’s energy infrastructure and urban centers.
Moody’s Ratings this week gave private credit investors greater reason for concern about credit quality in the flourishing $1.7 trillion industry.
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