Latest news with #ConferenceBoardConsumerConfidenceIndex
Yahoo
30-05-2025
- Business
- Yahoo
Weekly Recap: 14 Finance Press Releases You Need to See
A roundup of the most newsworthy financial press releases from PR Newswire this week, including May consumer confidence scores and strategic AI-focused partnerships from Bain & Company and Fannie Mae. NEW YORK, May 30, 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. US Consumer Confidence Partially Rebounds in MayConsumers' pessimism about the future moderates after surging in April. According to the Conference Board Consumer Confidence Index®, May's rebound in confidence is broad-based across all age, income and political affiliation groups. Bain & Company forms global partnership with Palantir to deliver high impact, end-to-end AI transformations for clientsThe partnership enables clients worldwide to accelerate AI-driven productivity gains with enhanced speed and efficiency through Palantir's cutting-edge enterprise AI platforms, yielding tangible impact in weeks. Gen Z Grapples with Debt, Some Spend Freely Despite Low Confidence in Retirement ReadinessA new Advisor Authority study, powered by the Nationwide Retirement Institute, reveals only one in five Gen Z investors say they understand how compounding interest works; four in ten believe the standard retirement age of 65 is not relevant to them. Spirit Aviation Holdings, Inc. Announces Receipt of NYSE American Delinquency Notification"While there's lots to do, I'm pleased with our progress in driving change to our fleet, our product and our market positioning. The Spirit team has faced down tough challenges before, and I'm gratified to see such a strong focus and commitment," said Dave Davis, President and Chief Executive Officer. Fannie Mae Launches AI Fraud Detection Technology Partnership with PalantirThe partnership will expand Fannie Mae's fraud detection capabilities to power the Crime Detection Unit, a new platform that the company believes will help detect and prevent mortgage fraud with speed and precision never before seen in the U.S. housing market. Rental-hunting season hits fever pitch as June begins, Zillow data showsRental activity on Zillow is already outpacing the past two years, a sign that this year's peak could be even higher. A record-high 46 million households rent, and renters are nearly four times more likely to move than homeowners, according to the U.S. Census Bureau. DeFi Technologies Reaffirms US$201.07 Million 2025 Revenue Guidance; Maintains Position as Largest Institutional Asset Manager of Solana in North America and Third Largest in Europe"Solana remains a cornerstone of our strategy—not just as an asset, but as an ecosystem we're deeply integrated into," said Olivier Roussy Newton, CEO of DeFi Technologies. "What sets us apart is our fully integrated monetization model…No other digital asset manager or leveraged public Solana-focused company globally matches this level of vertical integration and operational exposure." QNB Becomes First Bank in the Middle East to Deploy Diebold Nixdorf's ATMs with Bulk Cash Deposit CapabilityDiebold Nixdorf's DN Series® 500 cash recycler provides expanded functionality, enabling QNB Group customers to deposit up to a 300-note cash bundle and up to 30 checks in a bundle with counterfeit detection capability. BofA Report: 60% of Homeowners and Prospective Buyers Uncertain About the Housing Market - A Three-Year HighUncertainty among current homeowners and prospective buyers is at a three-year high, with 60% saying they can't tell whether now is a good time to buy a home or not, compared to 48% two years ago, according to the latest Bank of America Homebuyer Insights Report. Synchrony and Jewelers Mutual® Collaborate on Innovative New Sponsorship Agreement, Combining Finance and Insurance Marketing EffortsAs part of the agreement, Jewelers Mutual will showcase Synchrony financing solutions in its marketing materials as well as Zing® Marketplace, a comprehensive online platform created for its member retailers. National Financial Literacy Remains Stagnant at 49% as Generational Gaps Widen, TIAA Institute-GFLEC Study Finds The report also highlights the important role financial literacy plays in financial well-being as adults with very low financial literacy are twice as likely to be debt-constrained and three times more likely to be financially fragile compared to those with very high financial literacy. Markel launches solutions for Financial Institutions in AustraliaThis announcement follows the launch of localised Commercial Professional Indemnity solutions in 2024, under Markel's plan to progressively launch targeted and tailored specialty insurance products in the Australian market. M&T Bank and Buffalo Bills Extend 'Official Bank' PartnershipBuilding on one of pro football's longest-running brand partnerships, M&T signed a deal to become a founding partner for the Bills' new Highmark Stadium, set to open in 2026. Deloitte launches Global Agentic Network to power digital workforce solutionsExpanding on its global delivery centers in locations across major markets in Asia Pacific, EMEA and North America, this rollout highlights a series of investments Deloitte is making to help ensure businesses can implement AI-enhanced strategies while maintaining consistency across the geographies they serve. For more news like this, check out all of the latest finance-related releases from PR Newswire. Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most. 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: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more. Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger's next story. 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. For questions, contact the team at View original content to download multimedia: SOURCE PR Newswire Sign in to access your portfolio
Malaysian Reserve
28-05-2025
- Business
- Malaysian Reserve
Ringgit rebounds against US dollar on improved risk appetite
KUALA LUMPUR — The ringgit rebounded to close higher against the US dollar today, supported by improved risk appetite for the local note despite prevailing global uncertainties. At 6pm, the local note rose to 4.2215/2275 versus the US dollar from Tuesday's close of 4.2345/2430. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the greenback is looking weaker at the moment despite stronger United States (US) economic data and the recent tariff-related trade policy shifts. 'Concurrently, foreign investor confidence in Malaysia has been gradually improving, underpinned by a pragmatic fiscal consolidation strategy that supports a cautiously optimistic outlook. 'The government remains prudent in advancing fiscal reforms, targeting a reduction in the budget deficit to approximately three per cent of gross domestic product (GDP) and maintaining the statutory debt limit at 65 per cent of GDP over the medium term,' he told Bernama. Afzanizam noted that US economic data looked favourable last night with the US Conference Board Consumer Confidence Index climbing to 98.0 points in May from 85.7 points in April. 'The postponement of the US tariff on the EU to July 9 also implies that the US President Donald Trump's administration is receptive and willing to negotiate for better terms,' he added. At the close, the ringgit traded higher against a basket of major currencies. It rose against the Japanese yen to 2.9271/9315 from Tuesday's close of 2.9425/9486, gained vis-à-vis the euro to 4.7838/7906 from 4.8053/8150 yesterday and appreciated against the British pound to 5.7028/7109 from 5.7352/7467 previously. The local note also traded higher against its ASEAN peers. It strengthened against the Singapore dollar to 3.2776/2825 from 3.2894/2963 on Tuesday and inched up against the Thai baht to 2.9355/9614 from 12.9365/9676 yesterday. The ringgit edged higher vis-à-vis the Philippine peso to 7.60/7.62 from 7.62/7.64 at yesterday's close and rose versus the Indonesian rupiah to 259.0/259.5 from 259.9/260.6 previously. — BERNAMA
The Star
28-05-2025
- Business
- The Star
Ringgit rebounds against US dollar on improved risk appetite
KUALA LUMPUR: The ringgit rebounded to close higher against the US dollar today, supported by improved risk appetite for the local note despite prevailing global uncertainties. At 6 pm, the local note rose to 4.2215/2275 versus the US dollar from Tuesday's close of 4.2345/2430. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the greenback is looking weaker at the moment despite stronger United States (US) economic data and the recent tariff-related trade policy shifts. "Concurrently, foreign investor confidence in Malaysia has been gradually improving, underpinned by a pragmatic fiscal consolidation strategy that supports a cautiously optimistic outlook. "The government remains prudent in advancing fiscal reforms, targeting a reduction in the budget deficit to approximately three per cent of gross domestic product (GDP) and maintaining the statutory debt limit at 65 per cent of GDP over the medium term,' he told Bernama. Afzanizam noted that US economic data looked favourable last night with the US Conference Board Consumer Confidence Index climbing to 98.0 points in May from 85.7 points in April. "The postponement of the US tariff on the EU to July 9 also implies that the US President Donald Trump's administration is receptive and willing to negotiate for better terms,' he added. At the close, the ringgit traded higher against a basket of major currencies. It rose against the Japanese yen to 2.9271/9315 from Tuesday's close of 2.9425/9486, gained vis-à-vis the euro to 4.7838/7906 from 4.8053/8150 yesterday and appreciated against the British pound to 5.7028/7109 from 5.7352/7467 previously. The local note also traded higher against its ASEAN peers. It strengthened against the Singapore dollar to 3.2776/2825 from 3.2894/2963 on Tuesday and inched up against the Thai baht to 2.9355/9614 from 12.9365/9676 yesterday. The ringgit edged higher vis-à-vis the Philippine peso to 7.60/7.62 from 7.62/7.64 at yesterday's close and rose versus the Indonesian rupiah to 259.0/259.5 from 259.9/260.6 previously. - Bernama
New Straits Times
28-05-2025
- Business
- New Straits Times
Ringgit rebounds against US dollar on improved risk appetite
KUALA LUMPUR: The ringgit rebounded to close higher against the US dollar today, supported by improved risk appetite for the local note despite prevailing global uncertainties. At 6 pm, the local note rose to 4.2215/2275 versus the US dollar from Tuesday's close of 4.2345/2430. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the greenback is looking weaker at the moment despite stronger United States (US) economic data and the recent tariff-related trade policy shifts. "Concurrently, foreign investor confidence in Malaysia has been gradually improving, underpinned by a pragmatic fiscal consolidation strategy that supports a cautiously optimistic outlook. "The government remains prudent in advancing fiscal reforms, targeting a reduction in the budget deficit to approximately three per cent of gross domestic product (GDP) and maintaining the statutory debt limit at 65 per cent of GDP over the medium term," he told Bernama. Afzanizam noted that US economic data looked favourable last night with the US Conference Board Consumer Confidence Index climbing to 98.0 points in May from 85.7 points in April. "The postponement of the US tariff on the EU to July 9 also implies that the US President Donald Trump's administration is receptive and willing to negotiate for better terms," he added. At the close, the ringgit traded higher against a basket of major currencies. It rose against the Japanese yen to 2.9271/9315 from Tuesday's close of 2.9425/9486, gained vis-à-vis the euro to 4.7838/7906 from 4.8053/8150 yesterday and appreciated against the British pound to 5.7028/7109 from 5.7352/7467 previously. The local note also traded higher against its ASEAN peers. It strengthened against the Singapore dollar to 3.2776/2825 from 3.2894/2963 on Tuesday and inched up against the Thai baht to 2.9355/9614 from 12.9365/9676 yesterday. The ringgit edged higher vis-à-vis the Philippine peso to 7.60/7.62 from 7.62/7.64 at yesterday's close and rose versus the Indonesian rupiah to 259.0/259.5 from 259.9/260.6 previously.
Yahoo
20-03-2025
- Business
- Yahoo
Consumer Confidence Dips But Spending On Home Improvements And Family Planning Sees Uptick: Analyst Survey
On Monday, BofA Securities highlighted its monthly consumer survey of spending expectations, which included around 1,000 respondents in the U.S. in March. The analyst notes an improvement in signs to spend on Home Improvement over the next 3 months, which has increased to 31% vs. 27% last year and has been the highest since May 2024. Plans to buy a New Home increased slightly from 18% to 20%, but the sentiment is still low compared to the same period in 2021-2023. Plans to have a new baby have improved from 9% to 12% and are flat compared to the 2023 level. Don't Miss: The average American couple has saved this much money for retirement — How do you compare? Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. The Conference Board Consumer Confidence Index fell sharply in February, declining 7.0 points to 98.3, marking the steepest drop since August 2021. This is the third consecutive monthly decline, bringing the index to the lower end of its two-year range. The Conference Board Consumer Confidence Index is a widely watched economic indicator that measures consumer sentiment regarding the current and future state of the economy. It is based on a monthly survey of 5,000 households, assessing perceptions of business conditions, labor markets and personal finances. The BofA analyst notes that fewer people noticed more promotions in Electronics this March (8% vs. 10% last year), the lowest since June 2023, marking four months of decline from a peak of 13% in December more respondents say they aren't seeing an increase in discounts overall (48% vs. 42% last year), with this trend rising since November 2024, when it was 40%. For the next 12 months, upper and lower income respondents see grocery spending increasing. Fifty percent of lower-income respondents expect an increase, the highest level since the survey launched in December 2020. Earlier this week, the University of Michigan's March consumer confidence survey showed a rapid decrease in consumer confidence amid historically high inflation expectations. The report showed an 11% monthly-over-month drop and a 22% decline from December 2024. Meanwhile, inflation expectations jumped from 4.3% in February to 4.9% in March, the highest reading since November 2022. Read Next: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Many are using retirement income calculators to check if they're on pace — here's a breakdown on what's behind this formula. Image via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Consumer Confidence Dips But Spending On Home Improvements And Family Planning Sees Uptick: Analyst Survey originally appeared on Sign in to access your portfolio
