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Weekly Roundup: 11 Finance Press Releases You Need to See
Saturday, March 8, 2025
A roundup of the most newsworthy financial press releases from PR Newswire this week,
including a decline in consumer confidence, rising demand for AI banking, and a CHI-CHI'S
crowdfunding initiative.
NEW YORK, Feb. 28, 2025 /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. US Consumer Confidence Dropped Sharply in FebruaryFor the first time
since June 2024, the Expectations Index was below the threshold of 80
that usually signals a recession ahead. February's fall in confidence was
shared across all age groups but was deepest for consumers between 35 and
55 years old.
2. New Research Shows Surging Consumer Demand for AI-Banking Services,
According to Personetics Global Survey A majority of survey participants
(84%) indicated that they would likely switch to a bank that provides
timely, relevant advice to improve their financial health. Comprehensive
personal banking insights and timely product recommendations often
require AI-driven features to achieve this level of service.
3. CHI-CHI'S(TM) Restaurants Partners with Investment Platform StartEngine
to Launch Crowdfunding Initiative As the iconic Mexican chain restaurant
gears up for a 2025 comeback, Michael McDermott, the founder's son who
has the restaurant rights to CHI-CHI'S, announced his plans to offer the
public a stake in the brand's relaunch through Regulation Crowdfunding
(Reg CF). CHI-CHI'S is looking to raise $3.5 million with a minimum
investment of $250.00 in exchange for equity in the brand.
4. PayPal Introduces Outlook for Accelerating Growth at Investor DayAs part
of the event, PayPal announced its new merchant offering, PayPal Open,
one platform for all businesses. With PayPal Open, businesses, including
developers and partners, will be able to easily discover and integrate
commerce enablement tools, ranging from payments to financial services to
risk solutions within the PayPal ecosystem.
5. Solventum Announces Sale of its Purification & Filtration Business to
Thermo Fisher Scientific Inc. for $4.1BSolventum expects an estimated
$3.4 billion in net proceeds, which it intends to use primarily to pay
down debt. "The sale of the Purification & Filtration business is part of
phase three of our transformation plan and follows a thorough analysis of
the value and strategic alignment of our businesses," said Bryan Hanson,
Solventum CEO.
6. Raise Secures $63 Million to Transform the Payments and Loyalty Industry
with Blockchain-Powered Gift CardsRaise will use the funding to further
develop its proprietary blockchain-backed gift card program, Smart Cards,
and expand the Retail Alliance Foundation, its non-profit coalition
dedicated to uniting global retailers and brands to create a more secure,
interoperable, and fraud-resistant gift card network.
7. Simon®, Shopify and Leap Collaborate to Deliver the Ultimate Omnichannel
Experience Empowering Brands Like Ring Concierge to Expand Their
FootprintThe three industry leaders will offer comprehensive solutions
for e-commerce brands to expedite their go-to-market strategy and open
brick-and-mortar locations across the Simon portfolio. "Physical stores
are a vital component to a brand's omnichannel strategy and have a proven
track record for growing revenue and attracting new customers," said Zach
Beloff, Vice President, Leasing at Simon.
8. HTX Global Advisor Justin Sun Advocates Crypto Security CollaborationIn
the wake of the recent $1.5 billion hack affecting a major cryptocurrency
exchange, HTX hosted a live discussion on X and its Global Advisor Justin
Sun addressed the growing security concerns in the cryptocurrency
industry. The discussion featured insights from leading security firms
SlowMist and GoPlus Security, as well as prominent KOLs.
9. Dow Jones to Acquire Dragonfly Intelligence and Oxford Analytica from
FiscalNoteDow Jones will acquire Dragonfly Intelligence, a geopolitical
and security intelligence provider, and Oxford Analytica, a provider of
geopolitical intelligence advisory services, from FiscalNote for $40
million. This is the latest in a series of strategic acquisitions and
investments aimed at bolstering Dow Jones's portfolio of specialized
news, data, analysis and events for business professionals.
10. Digital Interactions by BofA Clients Surge to Over 26 Billion, up 12%
Year-Over-YearLast year, Bank of America clients interacted 676 million
times with Erica, the most advanced and first widely available AI-driven
virtual financial assistant. Erica was recently used to assist clients
in areas affected by Hurricanes Helene and Milton, and the Los Angeles
wildfires. When clients asked Erica questions, they were given
information about financial support and other resources available to
them.
11. Debt.com Survey: Student Loan Borrowers Fear What Trump's Second Term
Means for Their DebtWhile the future of federal forgiveness programs
remains uncertain under Trump's presidency, 55% of borrowers have
already applied for some form of student loan relief. Thirty-nine
percent of the student loan borrowers surveyed say they are
nervous--barely making ends meet even while payments have been paused.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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events, and more.
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SOURCE PR Newswire
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