A roundup of the most newsworthy financial press releases from PR Newswire this week, including an NBA fintech partnership to support small businesses and earnings reports from PNC, BofA and more.
NEW YORK, April 18, 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.
NBA Legends Carmelo Anthony, Dwyane Wade, and Chris Paul's Social Change Fund United Partners with Stackwell to Support Los Angeles Small Businesses
"The Visionary Ventures Program represents our commitment to creating change in underserved communities," said Anthony, Paul, and Wade in a joint statement. "By partnering with Stackwell, we're offering holistic financial education and development resources to help businesses thrive, particularly during these challenging times as our community works to rebuild from the wildfires."Americans Believe They Will Need $1.26 Million to Retire Comfortably According to Northwestern Mutual 2025 Planning & Progress Study As the inflation rate falls, people's 'magic number' for retirement drops $200K, returning to 2022 and 2023 levels. However, among Americans who have retirement savings, one in four (25%) say they have just one year or less of their current annual income put aside for it.Home Price Growth Remains Steady in First Quarter Single-family home prices increased 5.2 percent from Q1 2024 to Q1 2025, largely unchanged from the previous quarter's year-over-year growth pace of 5.3 percent, according to the latest reading of the Fannie Mae Home Price Index. The FNM-HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the United States, excluding condos.S&P Global and CME Group to sell OSTTRA to KKR for $3.1 billion Established in 2021 as a joint venture between CME Group and S&P Global, OSTTRA serves the global financial ecosystem with a comprehensive suite of critical post-trade offerings across interest rates, FX, credit and equity asset classes. OSTTRA provides end-to-end connectivity and workflow solutions to banks, broker-dealers, asset managers, and other market participants across trade processing, trade lifecycle, and optimization.Single in Retirement: Looking for Love and Financial Security For many Americans, being single in retirement was not part of their life's plan. Yet millions will face their second act without a partner, adding financial strain to this significant life transition, according to a new Advisor Authority study powered by the Nationwide Retirement Institute.Eagle Hill Consulting Employee Retention Index Signals Employees More Likely to Stay in Their Jobs Over Next Six Months "The Index data indicate that employees are more likely to stay put in the coming months, and there's a rising sense of unease among workers regarding their job prospects. While this is good news for employers facing chronic labor shortages, it's a tough situation for employers who now must reduce their labor costs," said Melissa Jezior, president and chief executive officer of Eagle Hill Consulting.eBay announces global payment acquiring partnership with Checkout.com Guillaume Pousaz, CEO at Checkout.com said: "Payments performance is critical at this enterprise-level scale, and our technology, data, and acquiring expertise will help eBay maximize acceptance in global markets and drive efficiency across its platform. Together, we're shaping the future of the digital economy."PayPal and TerraPay Partner to Expand Access to Cross-Border Payments Across Middle East and Africa "The Middle East and Africa are at the forefront of the digital transformation, yet financial barriers still limit growth for many," said Otto Williams, senior vice president, regional head and general manager, Middle East and Africa, at PayPal. "At PayPal, we're committed to changing that. By partnering with TerraPay, we're making it easier for businesses and individuals to make cross-border transactions, quickly, securely, and without friction."Crunch Fitness Announces Strategic Investment from Leonard Green & Partners Founded in 1989 in New York City'sGreenwich Village, Crunch has grown from a single gym with a unique "No Judgments" philosophy into one of the fastest-growing and most respected fitness brands in the world. Leonard Green & Partners, a leading private equity investment firm, will acquire a majority interest in Crunch Fitness from TPG Growth and Crunch's minority shareholders.California Coast Credit Union and San Diego County Credit Union Announce Intent to Merge In a move that would change the financial landscape of Southern California, California Coast Credit Union (Cal Coast) and San Diego County Credit Union (SDCCU) have announced plans to merge, pending regulatory approval and a Cal Coast membership vote. Upon approval, the combined credit union will boast a powerhouse organization with assets totaling nearly $13.5 billion, 65 branch locations, and more than 1,400 employees.For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Can't-Miss Earnings
In addition to these popular releases, earnings season kicked off this week and several must-read earnings reports crossed the wire, including the quarterly results for Bank of America, PNC, KeyCorp, Truist, Ally Financial and Huntington Bancshares.
Catch up on all the latest earnings reportshere.
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