This Week in Finance News: 11 Stories You Need to See
A roundup of the week's most newsworthy financial industry press releases from PR Newswire, including Gen Z's financial worries and BofA's new supply chain solutions.
NEW YORK, Sept. 22, 2023 /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.
Financial Worry Is a Top Driver of Anxiety Among Gen Z, New EY Study Finds "The oldest Gen Z are aging out of their parents' health care plans this year, and they are feeling the impact of financial independence amid economic uncertainty. These factors are shaping their views of work and life and what success looks like," said Marcie Merriman, EY Americas Cultural Insights & Customer Strategy Leader.
Mild Recession Remains Likeliest Outcome as Inflation and Labor Markets Cool "Our current prediction for a mild downturn in the first half of 2024 is predicated on the belief that consumers will begin pausing their spending, in part due to the exhaustion of those funds and having to realign to a more sustainable relationship between spending and incomes," said Doug Duncan, Senior Vice President and Chief Economist, Fannie Mae.
Flex Raises $120 Million in Equity and Debt, Launching Finance Super App for Business Owners "Most B2B FinTech companies serve Silicon Valley tech startups or large enterprise companies, neglecting small businesses that are struggling to find the credit and tools they need to effectively manage their finances. Flex's new offerings focus on supporting small businesses by giving them the credit they deserve and providing the essential finance back office tools they need to achieve success," said Zaid Rahman, founder and CEO of Flex.
Brex Gives Every Employee an Expense Assistant With AI "Brex is known for offering an amazing employee expense experience, and by giving everyone an assistant of this caliber, we've shipped our most groundbreaking experience yet," said Henrique Dubugras, Brex's co-founder and co-CEO. "Finance teams and managers can look forward to record-breaking employee compliance levels and increased productivity."
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.
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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.
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