Ally Financial Stock Jumps After Beating Profit Estimates and Selling Credit Card BusinessKEY TAKEAWAYSAlly Financial reported stronger-than-expected Q4 earnings and revenue, driven by cost-cutting measures.The company sold its credit card portfolio, valued at $2.3 billion, to CardWorks to streamlin...
Tesla Cybertruck Explodes Outside Trump Las Vegas Hotel, Killing DriverA Tesla Cybertruck burst into flames outside the Trump International Hotel in Las Vegas on Wednesday, killing the driver and injuring seven others. The FBI is investigating whether the explosion was an act of terrorism.Witnesses captured videos of the vehicle engulfed in flames outside the hotel, which is part of the Trump Orga...
FedEx Stock Soars on Freight Business Spin-Off PlansFedEx (FDX) shares surged in extended trading on Thursday after the company announced plans to spin off its Freight business into a standalone entity. The separation process is set to begin immediately and is expected to be completed within 18 months.“We believe this separation will unlock significant value for stockholders,” said FedEx CEO R...