Heard a lot about ‘Bidenflation’ lately? petek, September 5, 2024 It’s a clunky portmanteau, so if “Bidenflation” is on the way out, our ears might be just as grateful as our wallets. Relief does seem to be coming on both counts. By a variety of measures, voters are gradually growing less prone to inflation and more confident that a solid economy will last for a while. If you squint, there’s a corresponding improvement in President Joe Biden’s reelection odds. Inflation peaked at 9% in June 2022 and has since dropped to a much more manageable 3.2%. But the shock of spiraling prices has stayed with consumers, who have remained gloomy … Continue Reading
Ally Financial names Michael Rhodes as CEO petek, September 1, 2024 With more than two decades of experience in consumer banking, Rhodes poised to lead Ally into the next stage of its evolution CHARLOTTE, NC, March 27, 2024 /PRNewswire/ — Ally Financial Inc. (NYSE: ALLY) announced today that Michael G. Rhodes will be its new Chief Executive Officer, starting at the company on April 29, 2024. He will also be appointed as a member of Ally’s board of directors at that time. “I have long admired Ally’s transformational approach to digital banking and its leading position in automotive finance. The bank has successfully harnessed the power of technology to … Continue Reading