Ally Financial will sell its credit card business to CardWorks and its bank subsidiary, Merrick Bank, for an undisclosed sum, the lenders announced Wednesday. Ally said this month that it was exploring “strategic alternatives” for its credit card business, after CEO Michael Rhodes indicated in December that it wasn’t part of its core focus. “Ally’s…

While a correction may be unexpected, drawdowns in the market are the norm. The S&P 500 has been in some form a drawdown 93% of the time since 1950 (in other words, 7% of all trading days have been at record highs). As highlighted below, drawdowns of less than 5% from a record high are…

This milestone underscores the trust and confidence that investors have placed in the company’s robust asset-light business model and long-term growth prospects in the affordable housing space. Nido Home Finance Limited, a leading player in the Housing Finance sector, announces the success of its recent Non-Convertible Debenture (NCD) issuance, which was significantly oversubscribed. The issue…

If you’re feeling shaky about your retirement savings, you’re not alone. According to a 2024 research report by the National Institute on Retirement Security, 79% of respondents agree there is a retirement crisis in the United States. If your savings fell short in 2024, the new year is a great time to get back on…

California businesses are suing to halt a new state law that bars them from requiring employees to attend anti-union meetings at work. The state’s Chamber of Commerce and California Restaurant Association filed the suit in federal court on New Year’s Eve, a day before the new law was to go into effect, seeking to block…

Sudeep Shah of SBI Securities has recommended one largecap and one midcap for January. "The stock has given a 28-week consolidation breakout on a weekly scale. This breakout is confirmed by above 50-week average volume. The weekly RSI is surged above 60 mark and it is in a rising mode," he explains reasons for betting…

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade: Results Today One Mobikwik Systems, GM Breweries, Darshan Orna, Kore Foods Krishna Ventures, Leel Electricals, UH Zaveri, and…

Zydus Lifesciences share price advanced over 5 percent in trade today after the company announced an agreement with US healthcare firm CVS Caremark to add its diabetes combination products to its template formulary. The company in an exchange filing on January 7 said, Zituvio and combination products include ZituvioTM (sitagliptin), ZituvimetTM (sitagliptin and metformin hydrochloride)…