A roundup of the most newsworthy financial press releases from PR Newswire, including Frank McCourt’s formal bid for TikTok, a $1B crypto 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.
Ahead of January 19 Deadline, Project Liberty Announces a Formal Offer to Acquire TikTok U.S.
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.ADP National Employment Report: Private Sector Employment Increased by 122,000 Jobs in December; Annual Pay was Up 4.6%
“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.”PCHI Enters into Agreement to Sell Party City® Brand and Related Amscan® Operating Assets to Ad Populum Affiliate to Preserve Legacy in Multibillion Dollar Party Supply Industry
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.Valour Surpasses US$1 Billion in Assets Under Management Valour, a leading issuer of exchange traded products, has surpassed US$1 billion in assets under management for the first time in its history. Valour is part of the asset management business line of DeFi Technologies, a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance.Barry’s Announces New Strategic Investment Partner Princeton Equity Group Boutique fitness leader Barry’s announced a strategic investment from Princeton Equity Group, a private equity firm focused on investing in and growing franchisor and multi-location companies. Currently with 89 studios globally that saw more than seven million visits in 2024, Barry’s has identified a significant pipeline of new locations with strong demand and now plans to open dozens more in the coming years.President Michael P. Lyons to Depart PNC
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.Vault Releases 2025 Rankings of Best Investment Banking Firms to Work For
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.FTX Clarifies Certain Statements by Backpack Regarding Backpack’s Purported Acquisition of FTX EU
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.2025 State of Auto Insurance: Rate Increases Are Slowing Down in 2025 Relief may be in sight for American drivers as auto insurers pump the breaks on car insurance rate increases for 2025. While premiums are rising for the 7th straight year, on average, drivers should expect to see smaller increases in comparison to last year’s reported 16.5% rate increase. Calamos to Launch World’s First Downside Protected Bitcoin ETF Suite With New 90% Protection (CBXJ) and 80% Protection (CBTJ) ETFs; Announces Upside Cap Ranges for the Suite
“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.
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