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Malaysian Reserve
12 hours ago
- Business
- Malaysian Reserve
May in Review: 13 Top Finance Press Releases
A roundup of the most newsworthy financial press releases from PR Newswire, including a rebound in consumer confidence and corporate responses amidst tariff uncertainty. NEW YORK, June 6, 2025 /PRNewswire/ — With thousands of press releases published each month, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the month's most popular releases and newsworthy trends, here's a recap of some of the past month's most read- and engaged-with stories. 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. Chainlink, Kinexys by J.P. Morgan, and Ondo Finance Team Up to Bring Bank Payment Rails to Tokenized Asset Markets'The demonstrated cross-chain solution is a testament to what can be achieved through strong collaboration across diverse segments of the Web3 ecosystem, and we are pleased to have worked with Ondo and Chainlink to bring this to life as the first transaction on Ondo Chain testnet,' said Nelli Zaltsman, Head of Platform Settlement Solutions, Kinexys Digital Payments at Kinexys by J.P. Morgan. PNC Bank Agrees to Acquire Aqueduct Capital Group to Complement Harris Williams Capabilities'This acquisition is complementary to existing capital advisory capabilities provided through PNC's subsidiary Harris Williams and will enable us to expand our ability to serve the global capital needs of the private equity industry,' said Michael D. Thomas, head of Corporate & Institutional Banking at PNC. 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. DeFi Technologies Begins Trading on Nasdaq, Announces Shareholder Call to Discuss Q1 2025 Financial ResultsUpon commencement of trading on Nasdaq, the Company's Common Shares will cease to be quoted on the OTC Markets. DeFi Technologies will continue to trade on the CBOE Canada and the Börse Frankfurt exchanges. Parkland Corporation to be Acquired by Sunoco LPSunoco LP and Parkland Corporation have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately U.S.$9.1 billion, including assumed debt. Hometown Food Company, a Brynwood Partners Portfolio Company, Agrees to Acquire the Chef Boyardee® Brand from Conagra Brands, $600 million transaction includes the 820,000 square foot facility in Milton, PA, as well as all assets and operations dedicated to the Chef Boyardee brand. The transaction is expected to close in the second quarter of 2025, subject to customary U.S. regulatory review. Hall of Fame Resort & Entertainment Company Enters into Definitive Agreement for Going Private TransactionUnder the terms of the agreement, HOFV Holdings, LLC will acquire all outstanding shares of the Company's common stock not currently owned by IRG and its affiliates for $0.90 per share in cash. Upon completion of the transaction, the Company's common stock and warrants will no longer be listed on any public stock exchange. Deerfield Management Closes Over $600 Million Healthcare Venture FundThe Deerfield Healthcare Innovations Fund III, a fund of over $600 million, will invest in promising therapeutics, improvements to healthcare delivery, and paradigm-shifting technologies. HUB Secures Significant Minority Investment and Reaches New Milestone with $29 Billion Valuation Demonstrating Confidence in the Company's Sustainable Top Tier Organic GrowthHub International Limited (HUB), a leading global insurance brokerage and financial services firm, has entered into a definitive agreement for a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. Guardian adds over 20 new and innovative benefits to its hospital indemnity insurance policy, designed to inspire well-being®Guardian's enhanced hospital indemnity insurance policy becomes one of the industry's most comprehensive offerings, going further to support workers' mental, physical, and financial well-being needs. As part of these additions, Guardian becomes the first carrier to include fertility health, family-building, and caregiving wellness solutions directly in hospital indemnity insurance. Strive Asset Management to Combine with Asset Entities to Form First Publicly Traded Asset Management Bitcoin Treasury CompanyThe combined company will operate under the Strive brand, remain listed on NASDAQ, and become a public Bitcoin Treasury Company, aiming to maximize Bitcoin exposure per share over the long run, including through novel financial strategies not previously used by other Bitcoin treasury companies, to maximize value accretion for common equity shareholders. Finastra to Sell Treasury and Capital Markets Division to Apax FundsUpon completion of the transaction, Finastra's Treasury and Capital Markets (TCM) business will be rebranded and operated as a standalone business. With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations. For more news like this, check out all of the latest finance-related releases from PR Newswire. Trending Topics Among the finance news that was distributed in May, the PR Newswire team was able to spot several larger stories that highlight the trends shaping the industry. Corporate Tariff Tactics: Press releases throughout May showcased how businesses transformed tariff challenges into strategic opportunities and innovative corporate responses. Gap International launched 'Lightning in a Bottle' to help executives deliver results amidst uncertain markets, while consulting firms Kearney and J.S. Held both capitalized on demand by launching comprehensive tariff impact solutions. The corporate adaptation was swift and decisive—80% of corporations reported reworking ESG strategies amid policy shifts and 73% of HR leaders expressed confidence in their ability to navigate the tumult, according to survey results published by The Conference Board. Summer Spending Shift: As the start of summer travel kicked off, American consumers faced financial contradictions this May, according to multiple industry studies. Deloitte found that people plan to travel more this summer while simultaneously cutting back on spending, a trend reflecting careful consumer prioritization. Generali Global Assistance's 2025 Holiday Barometer revealed Americans are seeking 'meaningful getaways closer to home,' suggesting a shift toward value-conscious vacation planning. Meanwhile, data from Trustpilot's 2025 Summer Spending Survey echoed similar patterns, emphasizing consumer's sense of financial caution this summer. Small Biz Spotlight: National Small Business Week showcased a plethora of innovative financing and specialized services. ADP celebrated with insights from nearly 18,000 small business owners who stayed confident amid uncertainty. Comerica Bank swung big with a $250,000 contribution to community organizations while Progressive drove small business forward with $1 million in commercial vehicle grants. Consulting IQ offered free access to its AI digital business platform and Iris® Powered by Generali launched identity and cyber protection bundles specifically for small business owners. The Most Entrepreneurial Cities of 2025 research proved size doesn't matter when accessing capital and innovation, despite new data from the National Small Business Association revealing economic uncertainty weighs heaviest on small business decision-making. 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
Yahoo
12 hours ago
- Business
- Yahoo
May in Review: 13 Top Finance Press Releases
A roundup of the most newsworthy financial press releases from PR Newswire, including a rebound in consumer confidence and corporate responses amidst tariff uncertainty. NEW YORK, June 6, 2025 /PRNewswire/ -- With thousands of press releases published each month, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the month's most popular releases and newsworthy trends, here's a recap of some of the past month's most read- and engaged-with stories. 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. Chainlink, Kinexys by J.P. Morgan, and Ondo Finance Team Up to Bring Bank Payment Rails to Tokenized Asset Markets"The demonstrated cross-chain solution is a testament to what can be achieved through strong collaboration across diverse segments of the Web3 ecosystem, and we are pleased to have worked with Ondo and Chainlink to bring this to life as the first transaction on Ondo Chain testnet," said Nelli Zaltsman, Head of Platform Settlement Solutions, Kinexys Digital Payments at Kinexys by J.P. Morgan. PNC Bank Agrees to Acquire Aqueduct Capital Group to Complement Harris Williams Capabilities"This acquisition is complementary to existing capital advisory capabilities provided through PNC's subsidiary Harris Williams and will enable us to expand our ability to serve the global capital needs of the private equity industry," said Michael D. Thomas, head of Corporate & Institutional Banking at PNC. 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. DeFi Technologies Begins Trading on Nasdaq, Announces Shareholder Call to Discuss Q1 2025 Financial ResultsUpon commencement of trading on Nasdaq, the Company's Common Shares will cease to be quoted on the OTC Markets. DeFi Technologies will continue to trade on the CBOE Canada and the Börse Frankfurt exchanges. Parkland Corporation to be Acquired by Sunoco LPSunoco LP and Parkland Corporation have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately U.S.$9.1 billion, including assumed debt. Hometown Food Company, a Brynwood Partners Portfolio Company, Agrees to Acquire the Chef Boyardee® Brand from Conagra Brands, $600 million transaction includes the 820,000 square foot facility in Milton, PA, as well as all assets and operations dedicated to the Chef Boyardee brand. The transaction is expected to close in the second quarter of 2025, subject to customary U.S. regulatory review. Hall of Fame Resort & Entertainment Company Enters into Definitive Agreement for Going Private TransactionUnder the terms of the agreement, HOFV Holdings, LLC will acquire all outstanding shares of the Company's common stock not currently owned by IRG and its affiliates for $0.90 per share in cash. Upon completion of the transaction, the Company's common stock and warrants will no longer be listed on any public stock exchange. Deerfield Management Closes Over $600 Million Healthcare Venture FundThe Deerfield Healthcare Innovations Fund III, a fund of over $600 million, will invest in promising therapeutics, improvements to healthcare delivery, and paradigm-shifting technologies. HUB Secures Significant Minority Investment and Reaches New Milestone with $29 Billion Valuation Demonstrating Confidence in the Company's Sustainable Top Tier Organic GrowthHub International Limited (HUB), a leading global insurance brokerage and financial services firm, has entered into a definitive agreement for a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. Guardian adds over 20 new and innovative benefits to its hospital indemnity insurance policy, designed to inspire well-being®Guardian's enhanced hospital indemnity insurance policy becomes one of the industry's most comprehensive offerings, going further to support workers' mental, physical, and financial well-being needs. As part of these additions, Guardian becomes the first carrier to include fertility health, family-building, and caregiving wellness solutions directly in hospital indemnity insurance. Strive Asset Management to Combine with Asset Entities to Form First Publicly Traded Asset Management Bitcoin Treasury CompanyThe combined company will operate under the Strive brand, remain listed on NASDAQ, and become a public Bitcoin Treasury Company, aiming to maximize Bitcoin exposure per share over the long run, including through novel financial strategies not previously used by other Bitcoin treasury companies, to maximize value accretion for common equity shareholders. Finastra to Sell Treasury and Capital Markets Division to Apax FundsUpon completion of the transaction, Finastra's Treasury and Capital Markets (TCM) business will be rebranded and operated as a standalone business. With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations. For more news like this, check out all of the latest finance-related releases from PR Newswire. Trending Topics Among the finance news that was distributed in May, the PR Newswire team was able to spot several larger stories that highlight the trends shaping the industry. Corporate Tariff Tactics: Press releases throughout May showcased how businesses transformed tariff challenges into strategic opportunities and innovative corporate responses. Gap International launched "Lightning in a Bottle" to help executives deliver results amidst uncertain markets, while consulting firms Kearney and J.S. Held both capitalized on demand by launching comprehensive tariff impact solutions. The corporate adaptation was swift and decisive—80% of corporations reported reworking ESG strategies amid policy shifts and 73% of HR leaders expressed confidence in their ability to navigate the tumult, according to survey results published by The Conference Board. Summer Spending Shift: As the start of summer travel kicked off, American consumers faced financial contradictions this May, according to multiple industry studies. Deloitte found that people plan to travel more this summer while simultaneously cutting back on spending, a trend reflecting careful consumer prioritization. Generali Global Assistance's 2025 Holiday Barometer revealed Americans are seeking "meaningful getaways closer to home," suggesting a shift toward value-conscious vacation planning. Meanwhile, data from Trustpilot's 2025 Summer Spending Survey echoed similar patterns, emphasizing consumer's sense of financial caution this summer. Small Biz Spotlight: National Small Business Week showcased a plethora of innovative financing and specialized services. ADP celebrated with insights from nearly 18,000 small business owners who stayed confident amid uncertainty. Comerica Bank swung big with a $250,000 contribution to community organizations while Progressive drove small business forward with $1 million in commercial vehicle grants. Consulting IQ offered free access to its AI digital business platform and Iris® Powered by Generali launched identity and cyber protection bundles specifically for small business owners. The Most Entrepreneurial Cities of 2025 research proved size doesn't matter when accessing capital and innovation, despite new data from the National Small Business Association revealing economic uncertainty weighs heaviest on small business decision-making. 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 hours ago
- Business
- Yahoo
May in Review: 13 Top Finance Press Releases
A roundup of the most newsworthy financial press releases from PR Newswire, including a rebound in consumer confidence and corporate responses amidst tariff uncertainty. NEW YORK, June 6, 2025 /PRNewswire/ -- With thousands of press releases published each month, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the month's most popular releases and newsworthy trends, here's a recap of some of the past month's most read- and engaged-with stories. 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. Chainlink, Kinexys by J.P. Morgan, and Ondo Finance Team Up to Bring Bank Payment Rails to Tokenized Asset Markets"The demonstrated cross-chain solution is a testament to what can be achieved through strong collaboration across diverse segments of the Web3 ecosystem, and we are pleased to have worked with Ondo and Chainlink to bring this to life as the first transaction on Ondo Chain testnet," said Nelli Zaltsman, Head of Platform Settlement Solutions, Kinexys Digital Payments at Kinexys by J.P. Morgan. PNC Bank Agrees to Acquire Aqueduct Capital Group to Complement Harris Williams Capabilities"This acquisition is complementary to existing capital advisory capabilities provided through PNC's subsidiary Harris Williams and will enable us to expand our ability to serve the global capital needs of the private equity industry," said Michael D. Thomas, head of Corporate & Institutional Banking at PNC. 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. DeFi Technologies Begins Trading on Nasdaq, Announces Shareholder Call to Discuss Q1 2025 Financial ResultsUpon commencement of trading on Nasdaq, the Company's Common Shares will cease to be quoted on the OTC Markets. DeFi Technologies will continue to trade on the CBOE Canada and the Börse Frankfurt exchanges. Parkland Corporation to be Acquired by Sunoco LPSunoco LP and Parkland Corporation have entered into a definitive agreement whereby Sunoco will acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately U.S.$9.1 billion, including assumed debt. Hometown Food Company, a Brynwood Partners Portfolio Company, Agrees to Acquire the Chef Boyardee® Brand from Conagra Brands, $600 million transaction includes the 820,000 square foot facility in Milton, PA, as well as all assets and operations dedicated to the Chef Boyardee brand. The transaction is expected to close in the second quarter of 2025, subject to customary U.S. regulatory review. Hall of Fame Resort & Entertainment Company Enters into Definitive Agreement for Going Private TransactionUnder the terms of the agreement, HOFV Holdings, LLC will acquire all outstanding shares of the Company's common stock not currently owned by IRG and its affiliates for $0.90 per share in cash. Upon completion of the transaction, the Company's common stock and warrants will no longer be listed on any public stock exchange. Deerfield Management Closes Over $600 Million Healthcare Venture FundThe Deerfield Healthcare Innovations Fund III, a fund of over $600 million, will invest in promising therapeutics, improvements to healthcare delivery, and paradigm-shifting technologies. HUB Secures Significant Minority Investment and Reaches New Milestone with $29 Billion Valuation Demonstrating Confidence in the Company's Sustainable Top Tier Organic GrowthHub International Limited (HUB), a leading global insurance brokerage and financial services firm, has entered into a definitive agreement for a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. Guardian adds over 20 new and innovative benefits to its hospital indemnity insurance policy, designed to inspire well-being®Guardian's enhanced hospital indemnity insurance policy becomes one of the industry's most comprehensive offerings, going further to support workers' mental, physical, and financial well-being needs. As part of these additions, Guardian becomes the first carrier to include fertility health, family-building, and caregiving wellness solutions directly in hospital indemnity insurance. Strive Asset Management to Combine with Asset Entities to Form First Publicly Traded Asset Management Bitcoin Treasury CompanyThe combined company will operate under the Strive brand, remain listed on NASDAQ, and become a public Bitcoin Treasury Company, aiming to maximize Bitcoin exposure per share over the long run, including through novel financial strategies not previously used by other Bitcoin treasury companies, to maximize value accretion for common equity shareholders. Finastra to Sell Treasury and Capital Markets Division to Apax FundsUpon completion of the transaction, Finastra's Treasury and Capital Markets (TCM) business will be rebranded and operated as a standalone business. With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations. For more news like this, check out all of the latest finance-related releases from PR Newswire. Trending Topics Among the finance news that was distributed in May, the PR Newswire team was able to spot several larger stories that highlight the trends shaping the industry. Corporate Tariff Tactics: Press releases throughout May showcased how businesses transformed tariff challenges into strategic opportunities and innovative corporate responses. Gap International launched "Lightning in a Bottle" to help executives deliver results amidst uncertain markets, while consulting firms Kearney and J.S. Held both capitalized on demand by launching comprehensive tariff impact solutions. The corporate adaptation was swift and decisive—80% of corporations reported reworking ESG strategies amid policy shifts and 73% of HR leaders expressed confidence in their ability to navigate the tumult, according to survey results published by The Conference Board. Summer Spending Shift: As the start of summer travel kicked off, American consumers faced financial contradictions this May, according to multiple industry studies. Deloitte found that people plan to travel more this summer while simultaneously cutting back on spending, a trend reflecting careful consumer prioritization. Generali Global Assistance's 2025 Holiday Barometer revealed Americans are seeking "meaningful getaways closer to home," suggesting a shift toward value-conscious vacation planning. Meanwhile, data from Trustpilot's 2025 Summer Spending Survey echoed similar patterns, emphasizing consumer's sense of financial caution this summer. Small Biz Spotlight: National Small Business Week showcased a plethora of innovative financing and specialized services. ADP celebrated with insights from nearly 18,000 small business owners who stayed confident amid uncertainty. Comerica Bank swung big with a $250,000 contribution to community organizations while Progressive drove small business forward with $1 million in commercial vehicle grants. Consulting IQ offered free access to its AI digital business platform and Iris® Powered by Generali launched identity and cyber protection bundles specifically for small business owners. The Most Entrepreneurial Cities of 2025 research proved size doesn't matter when accessing capital and innovation, despite new data from the National Small Business Association revealing economic uncertainty weighs heaviest on small business decision-making. 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
Yahoo
16-05-2025
- Business
- Yahoo
Weekly Recap: 15 Finance Press Releases You Need to See
A roundup of the most newsworthy financial press releases from PR Newswire this week, including Workday's report on federal human resources inefficiencies and a new credit card from PNC Bank. NEW YORK, May 16, 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. Outdated HR Systems Cost Government $1 Billion Annually, New Workday Report ShowsThe report highlights a critical inefficiency: Federal HR leaders dedicate almost half their time (48%) to system workarounds, error correction, data reconciliation, and manual tasks. Climate risk threatens to widen the racial wealth gapNationally, 25% of homes owned by Hispanic households are at major risk of wildfire. That's significantly higher than the 18% of white-owned homes facing the same level of risk. Among homes owned by Black households, 60% face major wind risk, compared to just 32% of white-owned homes. Chainlink, Kinexys by J.P. Morgan, and Ondo Finance Team Up to Bring Bank Payment Rails to Tokenized Asset MarketsThe demonstrated cross-chain solution is a testament to what can be achieved through strong collaboration across diverse segments of the Web3 ecosystem, and we are pleased to have worked with Ondo and Chainlink to bring this to life as the first transaction on Ondo Chain testnet," — Nelli Zaltsman, Head of Platform Settlement Solutions, Kinexys Digital Payments at Kinexys by J.P. Morgan. DeFi Technologies Begins Trading on Nasdaq, Announces Shareholder Call to Discuss Q1 2025 Financial ResultsUpon commencement of trading on Nasdaq, the Company's Common Shares will cease to be quoted on the OTC Markets. DeFi Technologies will continue to trade on the CBOE Canada and the Börse Frankfurt exchanges. PNC Bank Introduces PNC Spend Wise℠, A No Annual Fee Credit Card Offering A Purchase APR Reduction to Encourage Responsible Credit HabitsThis unique credit card is built to encourage responsible financial management through its associated purchase APR reduction program for eligible cardholders who meet timely payment and spend requirements. First-Party Fraud Surpasses Scams to Become the Leading Form of Global AttacksLexisNexis® Risk Solutions released its annual Cybercrime Report, revealing a significant swing in the composition of global fraud attacks, with first-party fraud now the leading type globally, representing a third (36%) of all reported fraud in 2024, up from 15% the year before. HUB Secures Significant Minority Investment and Reaches New Milestone with $29 Billion Valuation Demonstratin g Confidence in the Company's Sustainable Top Tier Organic GrowthHub International Limited (HUB), a leading global insurance brokerage and financial services firm, has entered into a definitive agreement for a minority common equity investment of approximately $1.6 billion, valuing HUB at a $29 billion total enterprise valuation. The future of banking is intelligent - but riskier than ever, study revealsNew SAS-sponsored research by Economist Impact reports near universal generative AI adoption. However, nearly 80% of surveyed executives expect cyberattacks, fraud and financial crimes to have major operational impacts in the decade ahead. Chime Enterprise Launches PayTV™ Providing a Purpose-Built, Real-Time Employee Pay Visibility Solution for PayrollPayTV empowers payroll teams with new insights and data, bridging the gap between payroll processing and bank deposits and proactively identifying and addressing pay delivery risks. J.S. Held Experts Release Action Plan for Senior Management Teams to Manage Tariff UncertaintyJ.S. Held published the first in a multi-part video series designed to help businesses and their investors navigate tariff uncertainty. The three-video Tariffs and Trade Series builds upon intelligence, insights, and action plans shared in J.S. Held's Tariffs and Trade resource center. Over Half of Americans Don't Know About 529 Plans for Education Savings, Edward Jones Study FindsNew research highlights a declining interest in higher education: Given inflation and high interest rates, 41% of Gen Zers and 29% of Millennials are more likely to consider skipping higher education and beginning to look for full-time employment or an internship. Progressive Drives Small Business Forward with $1 Million in Commercial Vehicle GrantsProgressive Insurance®, in cooperation with Hello Alice, has committed $1 million in grants to empower small businesses across the United States. Twenty recipients will be awarded $50,000 each to go toward the purchase of a commercial vehicle and related expenses. More Painful Than Combat: 91% of Veterans Say Debt Worsens PTSD In a New Study from National Debt ReliefThe study polled 1,000 U.S. veterans ages 21 and older who are no longer in military service, offering a sobering look at the challenges faced after service. According to the findings, 91% of veterans who have completed their service believe debt can worsen military-related PTSD and that nearly 4 in 10 veterans (37%) face constant stress over paying bills. Yardi Introduces the RentCafe CRM IQ Mobile AppCRM IQ is an advanced customer relationship management platform that streamlines applicant, prospect and resident workflows. The CRM IQ Mobile App will give leasing teams access to features such as inbound and outbound communication via text, call and email, and easy search for residents and prospects. Dominari Holding's Strategic Interest in Bitcoin Mining Set to Go PublicThe strategic stock-for-stock transaction will result in American Bitcoin becoming a publicly traded entity on Nasdaq in which former American Bitcoin stockholders, including Dominari Holdings, will own approximately 98% of the combined company. 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
JPMorgan's Kinexys Connects With Public Blockchain on Ondo Chain Testnet Debut
JPMorgan (JPM) took its first step onto a public blockchain network through its Kinexys Digital Payments platform, settling a tokenized U.S. Treasury transaction on Ondo Chain's testnet. The pilot, detailed in a press release shared with CoinDesk, marks the debut of a Delivery versus Payment (DvP) transaction on the testnet, a new layer-1 blockchain designed to support institutional-grade real-world assets. Kinexys, which the release says processes an average of over $2 billion in daily transaction volume, handled the payment leg, while Ondo Finance's tokenized short-term Treasury fund (OUSG) formed the asset leg. Chainlink Runtime Environment — a system for coordinating cross-chain workflows —secured the settlement across the two networks. This is the first time Kinexys, the Wall Street bank's permissioned network, has executed a transaction on a public blockchain. The move signals a shift as the bank explores ways to extend its institutional payments infrastructure into the growing market for real-world asset tokenization. ' By securely and thoughtfully connecting our institutional payments solution with both external public and private blockchain infrastructures seamlessly, we can offer our clients and the broader financial ecosystem a wider range of benefits and scalable solutions for settling transactions,' Nelli Zaltsman, head of settlement solutions at Kinexys, said in the statement. Traditional finance often struggles with DvP transactions, which require payments to be made before or at the same time as delivery of securities, due to fragmented systems and manual steps that delay settlement, the release notes. It points to data suggesting payment and settlement failures have cost market participants over $900 billion in the past 10 years. Blockchain technology, it says, can be leveraged to conduct simultaneous cross-chain transactions. JPMorgan has been expanding its blockchain-based payments network, having recently added support for British-pound denominated accounts. Error while retrieving data Sign in to access your portfolio Error while retrieving data
