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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 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.

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.

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.

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