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This Week in Finance News: 12 Stories You Need to See
Wednesday, September 20, 2023
A roundup of the week's most newsworthy financial industry press releases from PR Newswire, including the launch of an Xbox Mastercard.
NEW YORK, Sept. 15, 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. Xbox to Launch the Xbox Mastercard, Its First-Ever Credit Card in the US,
Issued by BarclaysThe Xbox Mastercard has no annual fee and rewards Xbox
players 5X card points on qualifying purchases within the Microsoft
Store, 3X across eligible dining delivery and streaming services, and 3
months of Xbox Game Pass Ultimate after the first purchase (for new Game
Pass members).
2. Nearly 30% of Americans Prioritize Buying the Latest Tech, Like iPhone
15, Over Paying Bills"As cool as that new iPhone might be, avoiding
unnecessary debt is a whole lot cooler. If you can afford to buy it and
pay it off in a month or two, have at it. If not, make a plan and take it
slow," said LendingTree's chief credit analyst Matt Schulz.
3. Morningstar Brings the Evolving Investor to Future ProofMorningstar
launches new advisor-centered research, business intelligence solution
for home offices, and the next step for its AI chatbot Mo.
4. First Citizens Bank's Annual Forecast Finds Small Businesses Confident,
Undeterred By Economic OutlookThe ninth annual First Citizens Bank Small
Business Forecast found 79% of owners to be somewhat or very confident
their small businesses will experience growth over the next 6-12 months,
citing bank loans (57%), business credit cards (49%) and non-bank loans
(25%) as the key funding proponents supporting expansion.
5. Uber and PayPal Expand RelationshipThis deal expands their areas of
partnership to include additional processing through PayPal Braintree,
alternative domestic debit network routing across a range of geographies,
instant driver and courier payouts to PayPal and Venmo, and custom
support for new lines of business.
6. Mubadala Commits $1 Billion to Blue Owl Capital's Technology Lending
Strategy"This mandate reflects the depth of our direct lending
capabilities within the technology sector and our ability to deliver
differentiated solutions that enable our clients to meet their investment
objectives," said Doug Ostrover, Co-Chief Executive Officer of Blue Owl.
7. Finseca: September is Life Insurance Awareness MonthLife insurance is
often overlooked, despite it being a fundamental component of a sound
financial strategy. Whether you're looking to cover your final expenses,
pay off debts, provide for your family, or leave a legacy to your loved
ones - life insurance can help fulfill each of these goals.
8. BitPay Adds Support for PayPal USD (PYUSD) Stablecoin"When adding a new
cryptocurrency for merchants to accept we look at many factors, but among
the most important is its payment utility and community involvement.
Supporting PYUSD encourages mass adoption of cryptocurrency payments from
PayPal's enormous customer base," said Stephen Pair, CEO of BitPay.
9. GOODLES® Raises $13M in Series A Funding Round Led by Leading
Consumer-Focused Investment Firm, L Catterton"We are excited about this
partnership with L Catterton - the best-of-the-best when it comes to
scaling consumer brands. The influx of capital to keep up with demand,
coupled with the ability of our extraordinarily creative and
results-oriented team to produce unconventional and joyful executions,
positions us perfectly for continued success," said Jen Zeszut,
Co-Founder and CEO of GOODLES.
10. New Report Finds Public Pensions Play a Critical Role in Delivering
Retirement Security for Older Americans While Reducing Wealth Inequality
by Race and Gender"This new report is a clear indicator that pensions
play a major role in closing this financial gap and ensuring all
Americans - especially Blacks, Latinos, women, and those without a
four-year college degree - have a better shot at a secure retirement,"
said Dan Doonan, NIRS executive director.
11. KeyBank Awards Indianapolis Neighborhood Housing Partnership with
$300,000 Grant to Increase Affordable and Sustainable HousingStudies
show Indianapolis' families spend an average of 46 percent of their
income on housing and transportation. Through the ETOD program, INHP is
promoting housing choice and affordability while also providing access
to jobs, education, healthcare, food and cultural amenities - all needed
for economic mobility.
12. Home Insurance Prices Up 21% as Homeowners Are Left to Deal with Climate
Change, Turbulent MarketThe analysis, which is based on internal
Policygenius data from more than 17,000 policies renewing from May 2022
to May 2023, also found that in every state (plus Washington, D.C.)
analyzed for this report, the average premium increase was higher than
the year before.
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-12-stories-you-need-to-see-301928546.html
SOURCE PR Newswire® (TM)
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