This Week in Finance News: 11 Stories You Need to See
Saturday, December 9, 2023
A roundup of the week's most newsworthy financial industry press releases from PR Newswire, including finance and housing predictions for 2024.
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the finance industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
1. BofA Global Research Calls 2024 "The Year of the Landing""2023 defied
almost everyone's expectations: recessions that never came, rate cuts
that didn't materialize, bond markets that didn't bounce, except in
short-lived, vicious spurts, and rising equities that pained most
investors who remained cautiously underweight," said Candace Browning,
head of BofA Global Research. "We expect 2024 to be the year when central
banks can successfully orchestrate a soft landing, though recognize that
downside risks may outnumber the upside ones."
2. Wirex Announces Winners of the 2023 Rising Women in Crypto Power
ListPavel Matveev, Wirex's CEO & Co-founder, commented: "On behalf of
Wirex, a sincere congratulations to all the winners! Your achievements
are pushing the boundaries of innovation in the crypto space, and we're
proud to recognise your significant contributions."
3. Deloitte report: Improved financing could save US$50 trillion as the
world decarbonizesThe report highlights the need for governments,
financial institutions, and investors to jointly develop mechanisms to
help mitigate risk from green projects by developing blended, low-cost
finance solutions to mobilize private investment and help achieve
economic growth and climate neutrality--especially in emerging economies.
4. Zillow predicts more homes for sale, improved affordability in 2024Buying
a home will remain expensive, keeping pressure on the rental market to
cater to families that will be renting for longer than previous
generations. Many who buy will turn to homes that need some work,
according to Zillow's predictions, and do-it-yourself upgrades and
repairs will keep new homeowners busy.
5. US Consumer Confidence Increased in November"November's increase in
consumer confidence was concentrated primarily among householders aged 55
and up; by contrast, confidence among householders aged 35-54 declined
slightly," said Dana Peterson, Chief Economist at The Conference Board.
6. Bloomberg Tax Launches New Portfolio to Help Practitioners Navigate State
Corporate Income TaxesThe new Portfolio offers practical guidance from
seasoned practitioners for early career tax professionals or other tax
professionals who are less familiar with state corporate income taxation
given the complexity of state corporate income taxes that multinational
companies are increasingly required to pay.
7. SoFi selects Blockchain.com as its first digital asset partnerThis
partnership brings a wave of new features and benefits for SoFi members
who previously used SoFi crypto, offering new access to Blockchain's
dozens of tokens to trade, advanced trading features like Recurring Buys,
educational resources, and world-class security measures including the
option to self-custody crypto.
8. Binance Debuts 'Crypto Is Better' Content Series Highlighting User
JourneysThese stories are examples of "how millions of people across the
globe use crypto every day to take control of their finances, from
changing careers in Africa to offsetting inflation in Asia - everyone has
their own story."
9. J.Crew Group Partners with Synchrony and Mastercard® for New Credit Card
ProgramJ.Crew Group and Synchrony will partner on a private label credit
card program, and together with Mastercard, the companies will launch a
co-branded credit card designed for J.Crew and J.Crew Factory customers
in the first half of 2024.
10. VantageScore CreditGauge(TM) October 2023: Higher Year-Over-Year Credit
Card Delinquencies and Balances Point Toward Modest Holiday
Sales"Although consumers seem to be managing their credit well overall,
in general, they are carrying more debt and higher balances than a year
ago. Combined with tightened credit, retailer concerns around consumers'
willingness to shop this holiday season seem justified," said Susan
Fahy, Executive Vice President and Chief Digital Officer at
11. Jack Dorsey Leads Seed Round in Support of OCEAN'S Mission to
Decentralize Bitcoin Mining Globally - Announces Launch at Future of
Bitcoin Mining Conference"By offering transparency and a mechanism for
miners to be paid directly by bitcoin itself, we make the network
radically more robust. The name OCEAN intentionally contrasts with the
restrictive, permissioned nature of legacy pools," said OCEAN's Global
Head of Sales, the pseudonymous Bitcoin Mechanic.
Read more of the latest finance-related releases from PR Newswire and stay caught up on the top press releases by following @PRNfinance on Twitter.
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