This Week in Finance News: 12 Stories You Need to See
Saturday, May 27, 2023
A roundup of the week's most newsworthy financial industry press releases from PR Newswire, including Americans' fear of a recession and stress about affording car insurance.
NEW YORK, May 19, 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. Survey: Americans fear we're heading for a 2008 recession, or
worseAccording to Nationwide's 2023 Economic Impact survey, more than
two-thirds of Americans (68%) expect a recession within the next six
months and nearly 80% of those who do, expect it to be severe. About two
thirds (62%) of respondents believe a recession will be as severe or
worse than the 2007-2009 Great Recession.
2. NESTER, the CARFAX for Homebuying, Unveils New Owner-Analytics Platform -
Know the True Cost of HomeownershipHaving insight into the timeline of
when repairs and maintenance will happen can help you avoid unexpected
expenses that can put a financial strain on your household," said NESTER
Founder Brendan Kennealey. "NESTER helps you anticipate major repairs and
maintenance so you're ready and can plan ahead."
3. Study Reveals How the Data & AI Revolution Will Drive Digital Banking
GrowthAuthored by financial industry strategist and influencer, Jim
Marous, and based on a Digital Banking Report survey of global banks and
credit unions, the report found that while financial institutions want to
sell products and services to consumers, they continue to contend with
the accelerated digitization of channels and how to adapt to interact
with account holders.
4. Gold Mining Industry Booms as Investors Seek Safe Haven Amid Market
VolatilityDespite the fact that gold is no longer used as a form of
currency, it remains a popular commodity due to its scarcity and
durability. Gold is also relatively easy to store and transport, making
it a convenient form of wealth preservation. As such, gold is likely to
remain a valuable commodity for many years to come.
5. NeoSwap AI Conducts World's First Smart Auction of Ordinals for Bitcoin,
Unveiling a New Era in the NFT SpaceIn a ground-breaking move, NeoSwap AI
is conducting the world's first Bitcoin NFTs (Ordinals) smart auction, in
strategic partnership with Gamma.io. The event, which runs May 15-22,
coincides with Bitcoin Miami 2023, marking a significant milestone for
the blockchain and digital assets community.
6. Habitat for Humanity launches Home Equals campaign in support of people
living in informal settlements around the world"When it comes to the
places we call home, people living in informal settlements are simply not
being treated as equals," said Jonathan Reckford, president and CEO of
Habitat for Humanity International. "By advocating for policy changes,
our partners in the Home Equals campaign will be increasing access to
adequate housing and supporting innovative solutions coming from the
residents of informal settlements themselves."
7. Income Lab, the retirement income management software provider, launches
revolutionary and timely Retirement Stress Test tool for Financial
AdvisorsIncome Lab announced the launch of a ground-breaking new tool for
stress-testing retirement income plans. Designed for financial advisors,
the tool illustrates how retirees can successfully navigate historical
periods of high inflation or market volatility, usually by applying
relatively small and temporary adjustments in spending.
8. Americans Overwhelmingly See Course Corrections as Essential to Thriving
in Retirement, Edward Jones and Age Wave Research RevealsNearly all
retirees (93%) agree that preparation, flexibility, and willingness to
adapt are keys to success in retirement, according to the latest study
from Edward Jones and Age Wave involving representative surveys with more
than 12,000 North American adults across five generations.
9. IDB Lab Forum Showcases Innovation and Technology in Development The
event's agenda highlights the importance of financing early-stage
innovation and the development of entrepreneurial ecosystems to foster
new solutions for the region's major economic and social issues,
incorporating gender, diversity, climate, and biodiversity concerns
throughout the discussion.
10. 40% of Insured Drivers in the U.S. Are Stressed About Affording Their
Car InsuranceWith the annual inflation rate still at 5%, Americans are
paying higher prices for everything -- and essential financial services
are no exception. In fact, an exclusive new survey reports 43% of
insured drivers in the U.S. are paying more for their car insurance than
they were last year at this time.
11. Roots Automation Introduces InsurGPT - the World's Most Advanced
Generative AI Model for InsuranceInsurGPT utilizes a deep corpus of
insurance specific data and documents alongside systems and process
knowledge to significantly improve the accuracy, speed, and validity of
data extraction and inferencing, while reducing false-positives,
'hallucinations,' that non-industry specific Generative AI models
12. Curbio Adds Pay-When-You-Sell Home Staging Services to Help Realtors®
Reduce Number of Partners Needed to Get Homes Ready For MarketCurbio,
Inc. announced the launch of its new home staging service. Real estate
agents can leverage Curbio's latest offering to help stage their
clients' homes seamlessly with no upfront costs, saving sellers time and
helping them make more money.
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.
In addition to these popular releases, several must-read earnings reports crossed the wire this week, including the quarterly results for FinVolution Group and The INX Digital Company.
Catch up on all the latest earnings reports here.
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SOURCE PR Newswire
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