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A roundup of the week’s most newsworthy financial industry press releases from PR Newswire

NEW YORK, Dec. 2, 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.

  1. US Consumer Confidence Declined Again in November
    “Inflation expectations increased to their highest level since July, with both gas and food prices as the main culprits. Intentions to purchase homes, automobiles, and big-ticket appliances all cooled,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board.
  2. ADP National Employment Report: Private Sector Employment Increased by 127,000 Jobs in November; Annual Pay was Up 7.6%
    “Turning points can be hard to capture in the labor market, but our data suggest that Federal Reserve tightening is having an impact on job creation and pay gains,” said Nela Richardson, chief economist, ADP.
  3. StartupOS Launches Platform for Early-Stage Startups
    The platform, which empowers founders through a series of learn-by-doing exercises that allow for assessment and benchmarking at any stage or need in a startup’s journey, is perfect for validating ideas, building an MVP (minimally viable product), or achieving product market fit.
  4. CrossTower to Acquire BEQUANT and Launches the Industry First ESG Crypto Fund
    Kapil Rathi, CEO of CrossTower, said, “We are stabilizing an industry with incredible promise; regaining trust; and rebuilding the future of finance.”
  5. FTX Resumes Ordinary Course Payments of Employees and Certain Foreign Contractors
    FTX Trading Ltd. (d.b.a., and approximately 101 additional affiliated companies, announced that most FTX subsidiaries around the world are resuming ordinary course payment of salary and benefits to employees worldwide and ordinary course payments to certain non-U.S. contractors and service providers. 
  6. Sabre, Conferma Pay and Mastercard Join Forces to Power the Travel Economy with Virtual Cards
    Digitization of travel payments with virtual cards helps address the historic challenges associated with B2B leisure and corporate travel payments. The securely generated, single use card numbers provide a link between booking and associated payments to third party suppliers.
  7. Locus Robotics Announces $117 Million in Series F Funding, Bringing its Valuation Close to $2 Billion
    The Locus warehouse execution platform disrupts large-scale warehouse fulfillment and distribution with an industry-leading, intelligent, and dynamically scalable robotics-driven solution.
  8. Cloverly to work with Visa to implement scalable climate action technology for financial institutions
    Through this program, Cloverly will engage with banks, financial services, and fintech companies that want to help their customers drive climate action through contributions to high-quality carbon credits.

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].

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