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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 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 MastercardĀ® 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.

Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they're signed up, reporters, bloggers and freelancers have access to the following free features:

    --  Customization: Create a customized newsfeed that will deliver relevant
        news right to your inbox. Customize the newsfeed by keywords, industry,
        subject, geography, and more.
    --  Photos and Videos: Thousands of multimedia assets are available to
        download and include with your next story.
    --  Subject Matter Experts: Access ProfNet, a database of industry experts
        to connect with as sources or for quotes in your articles.
    --  Related Resources: Read and subscribe to our journalist- and
        blogger-focused blog, Beyond Bylines, for media news roundups, writing
        tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

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