Weekly Recap: 10 Finance Press Releases You Need to See
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.
1. 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."
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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."
8. 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."
9. Crunch Fitness Announces Strategic Investment from Leonard Green &
Partners Founded in 1989 in New York City's Greenwich 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.
10. 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 reports here.
Helping Journalists Stay Up to Date on Industry News
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