This Week in Finance News: 12 Stories You Need to See
A roundup of the most newsworthy financial press releases from PR Newswire this week, including ADP's National Employment Report, Aetna's 2025 Medicare plans and OwlTing's collab with Visa.
NEW YORK, Oct. 4, 2024 /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.
- Digital Federal Credit Union and First Tech Federal Credit Union Announce Intent to Merge
Following completion of the merger, the new entity will emerge as a $28.7 billion credit union serving nearly two million members with more than 50 branches in eight states. The Combined entity will provide members an unrivaled digital experience, a coast-to-coast branch network with expanded member service hours, and access to premier financial products and advisors. - ADP National Employment Report: Private Sector Employment Increased by 143,000 Jobs in September; Annual Pay was Up 4.7%
Private employers added 143,000 jobs in September. Job creation showed a widespread rebound after a five-month slowdown. Only one sector, information, lost jobs. Manufacturing added jobs for the first time since April. - Gen X Women On Average Believe They Will Need Over $2 Million to Retire Comfortably - More Than Any Other Group of Women, According to Northwestern Mutual Planning & Progress Study
According to the study, Gen Z women plan to retire nine years before Boomer women and pay off their student loans a decade sooner than Millennial women. - Regor Enters into a Definitive Purchase Agreement for Genentech to Acquire Regor's Portfolio of next-generation CDK inhibitors for the Treatment of Breast Cancer
Under the terms of the agreement, Regor will receive an upfront cash payment of $850 million and is eligible to receive additional cash payments based on the achievement of certain predetermined development, regulatory and commercial milestones. Genentech will be responsible for clinical development, manufacturing and commercialization worldwide. - JLL elevates client experience with leasing tech and brokerage acquisition
This acquisition gives JLL and its clients access to Raise Commercial Real Estate's industry-leading leasing technology, while further enhancing JLL's robust global platform. The transaction is expected to close shortly, subject to customary closing conditions. - Report: Port Workers Strike Could Cost Economy $540 Million Per Day
"A port strike would paralyze US trade and raise prices at a time when consumers and businesses are starting to feel relief from inflation," said Erin McLaughlin, Senior Economist at The Conference Board. "There's no easy Plan B." - Rocket Mortgage and Annaly Capital Management, Inc. Enter Strategic Subservicing Relationship
Under the relationship, Rocket will handle all servicing and recapture activities for a portion of the mortgage servicing rights ("MSR") held by Annaly. - Aetna 2025 Medicare plans focus on most important health needs for members Aetna's Medicare Advantage (MA) plan options include $0 monthly plan premium, $0 primary care copay, $0 copay for Tier 1 drugs, plus dental, vision, hearing and SilverSneakers® benefits in every county they serve.
- 'The Ticket': 1 in 2 Americans believe the outcome of the 2024 Presidential election directly impacts their personal finances; 24% believe the winner helps determine whether "I'm rich"
More than a third (34%) believe the Presidential election is a major predictor of their retirement timeline and financial security, with 30% saying the winner will impact those plans, causing them to work longer, or have a shorter retirement (40% Gen Z, 39% Millennials). - Ascensus Continues Focus on Financial Wellness and Extends Relationship with Financial Finesse Including AI-Powered Coaching
The partnership will support advisors and plan sponsors in helping participants improve retirement preparedness and overall financial wellness. - Neeve secures $15 million to revolutionize cloud infrastructure for smart buildings
This investment will drive Neeve's global expansion supporting the digital transformation of the commercial real estate sector, accelerating sustainability initiatives, and enhancing cybersecurity measures. - OwlTing Teams Up With Visa to Streamline Cross-border Payments
With Visa Direct, OwlTing can allow its U.S. customers to transfer money seamlessly across regions through OwlPay®, its Web2 and Web3 hybrid payment solution, in two phases of integration of the company's payment services with Visa Direct solutions.
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.
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