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This Week in Finance News: 13 Stories You Need to See
Saturday, September 9, 2023
A roundup of the week's most newsworthy financial industry press releases from PR Newswire, including increases in private sector employment and the number of Americans budgeting.
NEW YORK, Sept. 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. ADP National Employment Report: Private Sector Employment Increased by
177,000 Jobs in August; Annual Pay was Up 5.9%"This month's numbers are
consistent with the pace of job creation before the pandemic," said Nela
Richardson, chief economist, ADP. "After two years of exceptional gains
tied to the recovery, we're moving toward more sustainable growth in pay
and employment as the economic effects of the pandemic recede."
2. Introducing "Money Assistant": A Groundbreaking Podcast by Money News
Network and MagnifiHosted by Nicole Lapin, prolific New York Times and
Wall Street Journal bestselling author and former CNN, CNBC and Bloomberg
news anchor, Money Assistant aims to bring actionable financial guidance
to those who need it most, demystify complex money matters, and inspire
financial confidence.
3. More Americans Budget Today than 5 Years Ago, but the Reason is
AlarmingThe 2023 Debt.com Budgeting Survey shows 85% of respondents are
budgeting. That's a statistical dead heat from last year's 86% - but it's
a huge jump from five years ago, when 69% were reporting that they
budgeted income and expenses in 2019.
4. BMO Launches Mobile Wallet for Virtual Cards with Mastercard and
ExtendThe app features new functionality that will give cardholders the
power to create and push virtual cards to their employees' mobile
wallets, enabling them to spend wherever contactless payments are
accepted.
5. TurboTenant launches feature leveraging artificial intelligence to write
rental property listingsLeveraging open-source data to pull in unique
qualities that appeal to today's renters, the AI professionalizes listing
descriptions and streamlines the marketing process to find quality
tenants. Plus, this AI is trained to comply with the Fair Housing Act --
a major win for landlords everywhere.
6. US Consumer Confidence Pulled Back in AugustConsumer confidence fell in
August 2023, erasing back-to-back increases in June and July," said Dana
Peterson, Chief Economist at The Conference Board. "August's
disappointing headline number reflected dips in both the current
conditions and expectations indexes."
7. Dream Exchange and National Black Chamber of Commerce Announce Strategic
Partnership to Increase Public Capital Access for Minority-Owned
BusinessesThe two organizations will be creating a tailored ecosystem of
financial services designed to meet the unique needs of minority-owned
small businesses. It will open doors to enhanced access to capital,
investment opportunities, and financial education.
8. KeyBank Surpasses $1 Million Funded in Home Buyer CreditsKeyBank
announced that it has funded more than $1 million in KeyBank Home Buyer
Credits since the program's launch in September 2022, helping 245 clients
achieve their dream of homeownership in areas where the program is
available.
9. 1st Commercial Credit Continues Support for Home-Based Businesses with
Invoice Factoring This announcement is particularly timely, given that
recent data trends and current economic conditions indicate a dwindling
level of support from traditional banks and alternative commercial
finance companies.
10. Realty Income Announces $950 Million Investment in Bellagio Las Vegas at
$5.1 Billion Valuation"Realty Income seeks to invest in high-quality
real estate at scale in partnership with operators who are leaders in
their respective industries. This transaction to acquire an interest in
the Bellagio, an iconic property, represents our second investment in
the gaming industry and exemplifies the advantages of our size, scale
and access to capital," said Sumit Roy, Realty Income's President and
Chief Executive Officer.
11. Delta Community Wins Statewide Awards for Financial Education
InitiativesDelta Community Credit Union, Georgia's largest credit union
with approximately $9 billion in assets, has been recognized for the
work and impact of its Financial Education Center again this year.
12. As Labor Day Approaches, HR Leaders Say Hiring is Slowing in Corporate
AmericaThe Conference Board CHRO Confidence Index surveys Chief Human
Resources Officers and is comprised of three components: Hiring,
Retention, and Engagement.
13. First Horizon Supports the Ocean and Climate Innovation
AcceleratorFocused on advancing knowledge of the ocean's critical role
as a defense against a warming planet, OCIA is developing and
accelerating new climate change solutions. The $44,050 donation is a
result of First Horizon Bank's Earth Day incentive to contribute $5 for
every new enrollment in e-statements during the month of April.
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 and PR Newswire for Journalists
For more than 65 years, PR Newswire has been the industry leader with the largest, most comprehensive distribution network of print, radio, magazine, television stations, financial portals and trade publications. PR Newswire has an unparalleled global reach of more than 200,000 publications and 10,000 websites and is available in more than 170 countries and 40 languages.
PR Newswire for Journalists (PRNJ) is an exclusive community that includes over 20,000 journalists, bloggers and influencers who are logging into their PRNJ accounts specifically looking for story ideas. PR Newswire thoroughly researches and vets this community to verify their identity as a member of the press, blogger or influencer. PRNJ users cover more than 200 beats and verticals.
For questions, contact the team at media.relations@cision.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/this-week-in-finance-news-13-stories-you-need-to-see-301915402.html
SOURCE PR Newswire
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