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This Week in Finance News: 11 Stories You Need to See
Tuesday, October 22, 2024
A roundup of the most newsworthy financial press releases from PR Newswire this week, including ADP's acquisition of WorkForce Software, Elliott's new podcast and the RE/MAX September housing report.
NEW YORK, Oct. 18, 2024 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major 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. ADP Acquires WorkForce Software"As the needs of today's global workforce
continue to shift, employers need dynamic workforce management solutions
that will help them maintain compliance and flexibility while engaging
their employees," said Maria Black, president and CEO of ADP.
2. Financial Aftermath of Hurricanes Helene and Milton Leave Many Americans
Struggling to RecoverThe average expense for basic hurricane supplies
alone is estimated to be in the hundreds, but the true cost of these
natural disasters is often far greater. Widespread power outages, gas
shortages, and severe flooding have caused countless businesses to close,
leading to a ripple effect of lost wages and financial hardship across
multiple states.
3. Brex and Navan Partner to Launch Next-Generation Travel Management and
Card Solution for EnterprisesThis integrated business travel and payments
solution brings together Navan's world-class travel services and Brex's
industry-leading global corporate cards. BrexPay for Navan streamlines
travel payments into one workflow when using the Navan travel management
system.
4. Elliott Launches "Stronger Southwest" Podcast Featuring 1:1 Conversations
with Its World-Class Director NomineesThe first episode features Nominee
Gregg Saretsky, who has significant leadership and industry experience
stemming from his nearly 40-year career in aviation. Mr. Saretsky
discusses his early years in the industry as well as lessons learned from
his time as CEO of WestJet.
5. GenAI in Insurance: 3 key takeaways from a global industry surveyA new
SAS study exploring the use of generative AI in insurance suggests that 9
in 10 insurers plan to invest in GenAI in the next year. The enthusiasm
is palpable - but survey data also shows that the ethical and regulatory
implications of innovation continue to vex many insurers, even as
analytic ingenuity promises to help the sector address its biggest
challenges.
6. Fannie Mae's 'Expanded Housing Choice' Initiative Extends to All Eligible
Jurisdictions Nationwide, Includes New Enhancements"Many Housing Choice
Voucher holders are from historically underserved communities, and
bringing a program to the greater market that enables increased access to
sustainable housing for renters while producing benefits for property
owners is a prime example of Fannie Mae's innovation at work," said
Michele Evans, Executive Vice President and Head of Multifamily, Fannie
Mae.
7. Confidence Levels in Cash and Liquidity Management are Down 9.5% Since
2020Company leaders remain largely confident in their organizations'
abilities to manage cash and liquidity, despite a 9.5% decline in
sentiment from 2020 polling and a moderate year-over-year increase in
labor market concerns. Business leaders are leaning into Generative AI as
a potential solution to enhancing working capital.
8. RE/MAX National Housing Report for September 2024"While we're seeing a
slight cooling in sales, it's encouraging to note that home inventory has
been steadily increasing, giving buyers more options in the market," said
RE/MAX, LLC President Amy Lessinger.
9. S&P Global: Emerging Markets Set to Drive Global Economic Growth in the
Next DecadeBy 2035, emerging markets will play a crucial role in shaping
the global economy, contributing about 65% of global economic growth.
While supportive demographics, abundant natural resources, evolving trade
dynamics and technological innovations in energy and manufacturing could
propel their development, geopolitics, climate change and limits to
frictionless trade and globalization could add complexities.
10. Openstream.ai Granted New Patent for Multimodal AI System that
Eliminates HallucinationsThis innovation enhances its AI platform, Eva
(Enterprise Virtual Assistant), by using a unique combination of
neuro-symbolic AI to prevent AI hallucinations--errors where AI
generates false or misleading information. This ensures the AI operates
based on known facts, providing clear and transparent responses without
the risks associated with traditional AI models.
11. Kearney Consumer Institute Releases 4th Consumer Stress Index: Q3
Consumer stress levels are surprisingly stable, but concerns lurk below
the surfaceThe Q3 report finds that U.S. consumers have increasingly
expressed concerns over their ability to lower their cost of living, a
concern echoed by consumers in France. Despite inflation easing,
consumers continue to feel stretched, borne out by several top retailers
reducing prices and bundling discounts--a sign that consumer reactions
to market changes are not immediate.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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View original content to download multimedia:https://www.prnewswire.com/news-releases/this-week-in-finance-news-11-stories-you-need-to-see-302279979.html
SOURCE PR Newswire
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