Sidney Crosby and Pittsburgh Penguins in Cole Harbour | SaltWire - Ally Financial said on Monday job cuts in various divisions of the digital banking firm will affect nearly 5% of its workforce.
Spooked by a turbulent economy, several banks have had to cut jobs in recent months to better navigate inflation and high interest rates. "After taking steps over the past year to pause hiring and manage staffing expenses through natural attrition, we have made the difficult choice to selectively reduce our workforce," Ally spokesperson Peter Gilchrist said in an emailed statement.The Detroit-based company offers various financial products and is best known for its auto-loan business.
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Kellanova, Devon Energy fall; Discover Financial, Sphere Entertainment rise, Monday, 10/02/2023NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Kellanova, down $3.80 to $52.04. The company, which sells cereals overseas, got off to a bumpy start on its first day of trading after splitting off from Kellogg’s North American cereal business. Sphere Entertainment Co., up $5.59 to $42.75. The company's Sphere entertainment venue opened over the weekend in Las Vegas with the first of a series of concerts from U2. Tesla Inc., down 62 cents to $249.60. Deliver
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