A Roundup of the Week’s Most Newsworthy Financial Industry Press Releases from PR Newswire
NEW YORK, November 11, 2022 /PRNewswire/ — With thousands of press releases posted every week, it can be difficult to keep track of everything on PR Newswire. To help journalists covering the finance industry stay on top of the week’s most interesting and popular releases, here’s a roundup of the week’s articles you shouldn’t miss.
The list below includes the title (with a link to the full text) and an excerpt from each story. Click on press release titles to access related media resources available for download.
- BofA data reveals overall consumer spending continued to grow in October, but at a slower pace than in previous months
“Our internal data shows that the consumer still has forward momentum, even though holiday spending is looking a bit lukewarm right now,” said David Tinley, Senior Economist for Bank of America Institute. “A rebound in auto supply has the potential to mean that car purchases could partially offset an overall slowdown in discretionary spending.” - Consumer confidence in housing hits new all-time low
Five of the index’s six components fell month-over-month, including those associated with home buying and selling conditions, as persistently high home prices and unfavorable mortgage rates continue to decline. fueling consumer concerns about housing affordability. - Black-owned fintech company launches free grant finder platform
Black-owned fintech and fintech company Novae LLC has announced the launch of a new online tool designed to help small businesses find grants and tax incentives that can help them grow dramatically. exponential. - Morningstar Launches Industry’s First Global Unicorn Index Series
Powered by the PitchBook and Morningstar indices, the new benchmarks are the first to measure unicorns, or private venture capitalists with valuations of $1 billion or more. - Legendary NFL quarterback John Elway invests heavily in Tom’s Watch Bar, the nation’s newest super sports bar concept
“I am extremely pleased with the opportunity to invest directly in Tom’s Watch Bar – a well-developed startup concept with strong unit-level economics,” Elway said. - Evolve reveals the 12 best places to buy a vacation rental in 2023 From well-known vacation destinations in the Smoky Mountains to a newcomer to the Pacific Northwest, the list provides valuable insight into where owners can maximize their profits in the coming year, even in the face of economic headwinds.
- Fall begins the college admissions journey: College Ave student loan survey finds 9 in 10 students apply to up to 10 schools
The survey also reveals that 61% of families fear that inflation will affect their ability to pay for their education; make college funding part of the fall application discussion. - Umpqua Bank expands $1 million in microloans to BIPOC and women entrepreneurs thanks to Kiva’s innovative partnership
Since April, the Umpqua Bank Loan Fund has supported nearly 200 BIPOCs and women entrepreneurs, filling a critical gap in access to finance for many small business owners. - Reorg and FinDox Partner to Deliver Best-in-Class Solutions to Credit Markets Reorg, a global provider of financial and legal intelligence and data, announced that it has agreed to acquire FinDox, a leading provider of document management, compliance and data.
- 165,000 high school students nationwide gain access to personal finance training through NGPF’s Gold Standard Challenge
“NGPF’s 2030 mission to ensure ALL high school students take a personal finance semester before graduation is only possible because of the commitment of these educators,” said Christian Sherrill, Director of Growth and Advocacy at NGPF. “Gold Standard Challenge grantees are leading their communities towards a better financial future.”
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