January Recap: 10 Top Finance Press Releases
A roundup of the most newsworthy financial press releases from PR Newswire, including Frank McCourt's formal bid for TikTok, a $1Bcrypto milestone and trending topics for January.
NEW YORK, Feb. 7, 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.
Spearheaded by Project Liberty Founder Frank McCourt, The People's Bid for TikTok aims to relaunch the platform on a new, American-made digital infrastructure. The proposal intends to preserve the platform's vibrant community, while also giving 170 million American TikTokers the ability to control, protect, and benefit from their data.
"The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains," said Nela Richardson, chief economist, ADP. "Health care stood out in the second half of the year, creating more jobs than any other sector."
Party City has been a household name in the party supply industry for more than four decades, providing decorations, balloons, and costumes to millions of customers through retail and wholesale channels. This pivotal agreement marks a significant step toward ensuring continuity in the multibillion-dollar party supply industry.
Michael P. Lyons has left PNC to assume the role of President & CEO-Elect at Fiserv. Lyons joined PNC in 2011 to serve as head of Corporate & Institutional Banking and was named president in 2024.
The rankings were derived from Vault's Fall 2024 Banking Survey of approximately 2,800 banking professionals. Survey participants were asked to rate their firms in several categories, including compensation, culture, diversity, hours, training, work/life balance, and wellness. Banking professionals were also asked to rate firms other than their own, in terms of prestige.
After the crypto exchange Backpack issued a press release announcing its acquisition of FTX EU, FTX Trading responded that the Backpack announcement was issued without the knowledge or involvement of FTX, citing numerous potentially confusing statements regarding FTX EU, FTX and the U.S. bankruptcy process. According to FTX, Backpack is not involved in the U.S. Bankruptcy Court-approved process for returning funds to any FTX customers and other creditors.
"Bitcoin's acceptance as an investible asset is growing, yet concerns about its volatility remain," said Matt Kaufman, Head of ETFs at Calamos. "Our suite of downside protected Bitcoin ETFs will offer a menu of straightforward solutions designed to provide true risk management for this unique asset where investors can select their preferred level of protection and related upside capture based on their specific circumstances."
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Trending Topics
Among the finance news that was distributed in January, the PR Newswire team was able spot several larger stories that highlight the trends shaping the industry.
- Economic Outlook 2025: Consulting firms reported mixed executive sentiments for 2025. Deloitte found that CFO confidence hit the highest levels in ten quarters, while The Conference Board revealed worries about a trade war and recession will likely keep CEOs up at night. Banking leaders remain optimistic and tech-focused, and dealmakers predict a surge in M&A and financing activity this year. According to Robert Half, job hopping is out as fewer workers plan job changes in 2025.
- Rebrands: "New Year, New You" is a familiar January phrase so the PR Newswire team wasn't surprised to see financial institutions refreshing their logos and brand identities. Detroit-based fintech platform Rocket unified the company's services and will reveal its new look during the company's return to the Big Game. Transamerica's new logo features an updated pyramid design to symbolize strength and achievement for the 120-year-old insurance company. RJO, the oldest independent futures brokerage and clearing firm in the United States, introduced a new website and educational content arm, RJO University.
- Earnings: This quarter's season kicked off in mid-January and often banks are the first to share financial results. PR Newswire distributed reports from large institutions including KeyBank, Ally, BNY, PNC and Bank of America. Regional banks F.N.B, Berkshire Hills, WesBanco, Huntington and Flagstar also released their latest earnings reports via PR Newswire. Follow all the latest earnings press releases here.
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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