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Weekly Recap: 10 Finance Press Releases You Might Have Missed
Thursday, October 17, 2024
A roundup of the most newsworthy financial press releases from PR Newswire this week, including the U.S Bankruptcy Court confirmation of FTX's plan of Reorganization, Ansa's partnership with Plaid and Fortune's top 25 places to retire affordably.
NEW YORK, Oct. 11, 2024 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major 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. FTX Receives U.S. Bankruptcy Court Confirmation of its Plan of
ReorganizationUnder the terms of the Plan, 98% of the creditors of FTX by
number will receive approximately 119% of the amount of their allowed
claims within 60 days after the effective date of the Plan, subject to
know-your-customer and other distribution requirements.
2. Income Verification Pioneer Unveils New Features to Streamline Benefits
Distribution for State AgenciesSteadyIQ announced the launch of a new
suite of tools designed to further improve the delivery of safety net
benefits like SNAP and Medicaid. The features will augment SteadyIQ's
pioneering Income Passport, the first tool of its kind to enable seamless
income verification, with the aim of increasing accessibility and
removing barriers for applicants.
3. Bloomberg Tax & Accounting Introduces Innovation Studio Development
ApproachToday Bloomberg Tax & Accounting announced the launch of its
Innovation Studio, an ideation environment that offers access to new
tools, including generative-AI powered capabilities, that are currently
under development for the Bloomberg Tax platform.
4. Ansa Partners with Plaid to Lower Payment Costs for Merchants and
Quick-Serve Restaurants with Pay by BankBy integrating Plaid's
pay-by-bank offering with Ansa's stored value wallets, this partnership
unlocks significant cost savings on wallet transactions that improve
bottom-line and increase margins in a highly competitive market. Ansa's
Incentive Engine provides tools to let brands nudge and reward their best
customers for paying through these preferred mechanisms.
5. 2 in 3 Homeowners Have Gone Into Debt for RenovationsMore than half of
homeowners (52%) would rather DIY projects to save on costs. Of those who
hired contractors, 53% went over budget and 46% experienced significant
delays -- compared to just 42% and 32% of DIYers. However, those who
hired a professional (76%) were slightly more satisfied with the results
than DIYers (71%).
6. Altoo Unveils Next-Gen Mobile App, Enhancing Wealth Management
On-The-GoThe latest upgrade to Altoo's mobile app introduces a range of
state-of-the-art features designed to enhance the digital wealth
management experience. Clients can now seamlessly access their complex
portfolios anytime, anywhere, using an intuitive interface. This upgrade
is a key step forward tailoring the Altoo Wealth Platform to the
continuously raising needs of today's sophisticated, well-diversified
investors.
7. Buyers Edge Platform Acquires Parsly, Expanding Their Technology
Offerings for European RestaurantsParsly was founded in 2021 in response
to the significant challenges facing the restaurant industry during the
pandemic. Parsly aims to help restaurants manage their procurement cost
more effectively through AI-driven insights and automation. The service
improves its users' profitability without requiring additional time or
focus from the restaurateurs.
8. Across Party Lines, Americans Are United in Their Support for Social
Security and Pensions Debt is problematic and impeding retirement savings
for Americans regardless of party. A large share of Democrats (74
percent), Republicans (68 percent), and Independents (68 percent) believe
that their level of debt is problematic. About three-fourths of
Democrats, Republicans, and Independents who have debt say it is
preventing them from saving for retirement.
9. Casa Shares Launches iOS Mobile App Making Real Estate Investing
Available to Everyone Having recently raised $1.5M in pre-seed funding at
a $10M valuation, Casa Shares aims to simplify the real estate investment
process by enabling users to acquire shares of prime income properties
for as little as $100.
10. Fortune Announces the 25 Best Places to Retire AffordablyThe top 10
includes two California cities: American Canyon, CA and Santa Clara, CA.
Located in Southern Napa County, American Canyon offers affordable
housing near both Napa's world-class wineries and two beaches, Newport
Beach and Huntington Beach. It's ideal for active retirees, with
kayaking, biking, hiking, and golfing options. The city boasts a
tight-knit community feel, local events, and proximity to top healthcare
facilities.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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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:
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-- Subject Matter Experts: Journalists will have access to ProfNet, a
database of industry experts to connect with as sources or for quotes in
their articles.
-- Related Resources: Our journalist- and blogger-focused blog, Beyond
Bylines, features regular media news roundups, writing tips, upcoming
events, and more.
About PR Newswire
PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.
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View original content to download multimedia:https://www.prnewswire.com/news-releases/weekly-recap-10-finance-press-releases-you-might-have-missed-302273490.html
SOURCE PR Newswire
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