Shares of Ally Financial Inc (NYSE:ALLY) ended Monday session in red amid volatile trading. The shares closed down -0.01 points or -0.08% at $19.18 with 3.08 million shares getting traded. Post opening the session at $19.28, the shares hit an intraday low of $19.02 and an intraday high of $19.33 and the price vacillated in this range throughout the day. The company has a market cap of $9.13 billion and the numbers of outstanding shares have been calculated to be 483.66 million shares.
On July 28, 2016 Ally Financial (Ally) was named a 2016 Strategic Partner by the Money Smart Week Michigan Coalition in an awards ceremony yesterday in Detroit. Ally was recognized for its commitment and ongoing participation in Money Smart Week, a national public awareness campaign coordinated by the Federal Reserve Bank of Chicago to help individuals and families better manage their personal finances.
“Advancing financial literacy is a key focus area for Ally and Money Smart Week Michigan is an important initiative in this pursuit, and one we have been pleased to be a part of for 12 years,” said Gina Proia, Ally chief communications officer and head of corporate citizenship. “Ally believes all consumers should be armed with the knowledge to make smart, well-informed decisions about spending and financial habits, and advances this effort through educational courses, resources and tips available year round from the Ally Wallet Wise program.”
“It is a privilege to lead Michigan’s dedicated team of Money Smart Week partners and to help provide free financial education to thousands of residents across the state,” said Kelly Masters, chair of Money Smart Week Michigan. “Through the commitment and collaborative spirit of partners like Ally, we are able to make a difference in the lives of consumers each April. I look forward to continuing this work with Ally and expanding our efforts in 2017.”
Shares of Mastercard Inc (NYSE:MA) ended Monday session in green amid volatile trading. The shares closed up +0.31 points or 0.31% at $99.68 with 3.06 million shares getting traded. Post opening the session at $99.95, the shares hit an intraday low of $99.42 and an intraday high of $100.39 and the price vacillated in this range throughout the day. The company has a market cap of $109.30 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
Mastercard Inc (MA) on Sept. 20, 2016 announced that augmented reality (AR) startup IMG is the first company from China to join its Start Path Global program — the company’s global effort to support innovative early-stage startups developing the next generation of commerce and fintech solutions.
Start Path was established in early 2014 as a way for Mastercard to work directly with global startups building innovative solutions covering everything from blockchain to artificial intelligence and chatbots. Over the last two years, Start Path has worked with over 90 companies across 24 countries. Mastercard is currently running active pilots with or has directly invested in nearly 20 percent of the companies. The early-stage companies that comprise this new class hail from all corners of the globe and are varied in terms of their team size, level of funding, revenue, and sales pipeline.
“When the opportunity arose to be part of the Start Path program and collaborate with Mastercard we grabbed it with both hands,” said Zhu Yu Cong, CEO of IMG. “As a growing startup, Start Path presents us with an unparalleled opportunity to scale our business and realize the full potential of our innovations. As part of the program, we are also eager to start working with Mastercard and their partners to bring new technologies to market that will help mature the augmented reality industry and its various use cases.”
Dennis Chang, Division President, China, Mastercard said, “It’s very exciting to see such an innovative technology startup such as IMG taking part in the Start Path Global program. IMG represents a generation of dynamic entrepreneurs in the fintech space, which is growing at a tremendous rate in China and stands to make a substantial impact on China’s innovation-driven economy.”