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This Week in Finance News: 14 Stories You Need to See
Saturday, August 26, 2023
A roundup of the week's most newsworthy financial industry press releases from PR Newswire, including Americans losing sleep over money and finance options for disaster relief.
NEW YORK, Aug. 18, 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. More Than a Third of Americans Say Uncertainty About Their Finances Keeps
Them Up at Night at Least MonthlyNorthwestern Mutual's 2023 Planning &
Progress Study finds Americans feel stronger about their friendships,
mental health, physical health and job stability than they do about their
finances. An arc of financial anxiety emerges - peaking for Millennials
and sitting at the lowest levels for Boomers+.
2. Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of
Disaster Relief Options for Those Affected by Catastrophic Hawaii
Wildfires"Once feasible, we encourage homeowners facing hardship due to
the wildfires to contact their mortgage servicer to discuss forbearance
options as soon as possible. Both homeowners and renters can learn more
about disaster relief resources, including personalized support, by
contacting Fannie Mae's free disaster recovery counseling services," said
Cyndi Danko, Senior Vice President and Chief Credit Officer,
Single-Family, Fannie Mae.
3. PayPal Names Alex Chriss as Next President and CEOThe appointment follows
a thorough CEO search process, conducted by the Board over the last
number of months, with the mandate to appoint a next generation leader
with extensive global payments, product, and technology experience,
capable of driving growth across the PayPal platform for years to come.
4. Personalized pet insurance in just a few clicksMore than 40 years after
originating pet health insurance in the U.S., Nationwide is introducing
its most innovative pet protection offering yet - one that allows pet
parents to customize each coverage category to meet the needs of their
pet...and their budget.
5. Vantagepoint A.I. Recognized as The Best Predictive A.I. Software for
Traders in the United StatesVantagepoint's dual-patented, predictive,
A.I.-driven forecasts and Global Intermarket Analysis allow traders to
see predicted market movements 1-3 days in advance. VantagePoint's A.I.
forecasts have been third-party verified at up to 87.4% proven accuracy,
surpassing the typical 27% associated with market "gurus."
6. REAL SIMPLE Announces Winners of the 2023 Smart Money Awards"Every year,
the REAL SIMPLE Smart Money Awards celebrates the ingenuity and
innovation of new financial products meant to simplify our lives and
empower us to make smarter choices with our money. The 2023 winners
reflect a diverse range of tools and services that help build a nest egg,
buy a home, maximize credit card points, and more," said REAL SIMPLE
Editor in Chief Lauren Iannotti.
7. Quicken adds robust investment tracking features to its personal finance
app SimplifiThe new features expand on Simplifi's investments dashboard,
allowing users to see their entire investment portfolio in one place and
monitor performance over time. In addition to the expanded features,
users can track cryptocurrency investments across all brokerage accounts
in one place, alongside their stock portfolio, bonds, retirement
accounts, and other investments.
8. Survey: Inflation Affecting 67% of Parents' Ability to Pay for Education,
School Supplies, and Extracurricular ActivitiesAs prices for higher level
education continue to increase, parents are making financial adjustments
to their lives to help their children go to college or trade school. The
survey findings indicate that 31% of parents are taking on a second job
and 20% are tapping into their retirement savings.
9. ASU W. P. Carey School of Business and Phoenix Union launch financial
literacy partnershipThe new partnership between Phoenix Union High School
District (PXU) and the W. P. Carey School of Business hopes to boost
practical financial knowledge in young people, leading toward better
financial outcomes for students and their communities.
10. Nearly 1 in 5 Americans say, "Cash is king," according to new Empower
researchOnly a quarter of savers say inflation (26%) influenced their
approach to holding their money in a cash account. Additionally, this
year's regional bank failures had little impact on cash savings for the
vast majority (73%), though 16% say it prompted them to keep more on
hand.
11. Opportunity Zone Housing Markets Rebound in Second Quarter of 2023 Along
with Rest of NationMedian home values increase after period of decline
in majority of opportunity zones targeted for economic redevelopment
around U.S.
12. ALTA Foundation Donates Emergency Grant Following Hawaii FiresThe
American Land Title Association (ALTA) Good Deeds Foundation, the
registered 501(c)(3) charitable organization founded by ALTA, the
national trade association of the land title insurance industry, has
awarded a $10,000 emergency grant to the Hawaii Community Foundation's
Maui Strong Fund.
13. GOBankingRates Investigates the Impact of Financial Scams on Americans'
Wallets with its 'Keep Your Money Safe' SeriesGOBankingRates' newest
featured series educates readers on the safety measures everyone can
take to protect their money.
14. Living-Wage Job Market Takes a Hit; Hispanic Workers Bear the BruntEven
though inflation has moderated significantly in recent months, it
appears to have been at the expense of low-wage workers, with the
"functional unemployment" rate jumping by 1.2 percentage points for
July, according to the True Rate of Unemployment (TRU) report by the
Ludwig Institute for Shared Economic Prosperity (LISEP).
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.
Can't-Miss Earnings
In addition to these popular releases, several must-read earnings reports crossed the wire this week, including the quarterly results for INX and Jack Henry & Associates.
Catch up on all the latest earnings reports here.
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-14-stories-you-need-to-see-301904144.html
SOURCE PR Newswire
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