A roundup of the week’s most newsworthy financial industry press releases from PR Newswire
NEW YORK, Dec. 9, 2022 /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.
MasterClass Announces Class on Cryptocurrency and The Blockchain
“Cryptocurrency and the blockchain have the potential to disrupt the financial system,” said David Rogier, founder and CEO of MasterClass. “With the landscape rapidly changing every day, we’re bringing together the industry’s key voices to help members gain a foundational understanding of the crypto and blockchain ecosystem.
44% of Americans Have a Side Hustle Amid Inflation, Most Popular with Gen Zers
Inflation is forcing Americans to rely on the extra income, as 43% need the money from their side hustle to pay their primary expenses or bills, and 71% aren’t certain they’d still be able to pay all their bills if their side hustle disappeared.
LendingClub Acquires $1 Billion Personal Loan Portfolio
The portfolio consists of personal loans that were originated through LendingClub’s marketplace and will support its growing revenue stream of recurring net interest income.
Football Star Josh Allen Partners with ForgiveCo to Wipe Out Over $10 Million of Consumer Debt Brands partner with ForgiveCo to target communities of people in need and purchase their debt in bundles using the same process debt collectors use – buying debt at cents on the dollar. Rather than collecting on the obligation, they forgive it, thus reducing financial hardship for people who need help the most.
BofA Data Finds Consumers Proved Resilient in 2022 and Poised to Start 2023 in Decent Financial Shape
Despite soft retail spending in November, holiday shopping is picking up and BofA Data shows a pronounced rise in Buy Now Pay Later purchases.
Black Knight: 8% of 2022 Mortgaged Home Purchases Now Underwater; FHA Loans See Early-Payment Defaults Rise
As Black Knight Data & Analytics President Ben Graboske explains, what would ordinarily be an environment ripe for steep declines in home prices has been offset somewhat by stagnant levels of for-sale inventory.
S&P Global acquires Shades of Green business from CICERO The global ESG debt universe has grown rapidly to reach $4.5 trillion now compared to $1.5 trillion two years ago according to the International Institute of Finance. Shades of Green provides independent, research-based second party opinions of green, sustainability, and sustainability-linked financing frameworks and climate risk assessments and impact reporting reviews grounded in climate science.
“Terrified”: Nearly Half of Investors Check Retirement Balance 3 Times a Week This habit is more common among women than men (53% vs. 34%), even though men are slightly more likely to say they are terrified about their long-term financial futures than women (55% vs. 49%, respectively).
Zillow names the 10 best metros for first-time home buyers in 2023
Zillow senior economist Orphe Divounguy, said, “These metros are potential hotbeds for those looking to buy their first home. Not only will shoppers find more affordable monthly mortgage costs and have an easier time qualifying for a smaller loan, but rent also is more affordable than elsewhere in the country, shortening the time it takes to save for a down payment.”
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 [email protected].
View original content to download multimedia:https://www.prnewswire.com/news-releases/this-week-in-finance-news-9-stories-you-need-to-see-301698973.html
SOURCE PR Newswire