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March Recap: 10 Top Finance Press Releases

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A roundup of the most newsworthy financial press releases from PR Newswire, including Rocket’s buying spree, CoreWeave’s IPO and some eye-catching economic surveys.

NEW YORK, April 4, 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.

ADP National Employment Report: Private Sector Employment Increased by 77,000 Jobs in February; Annual Pay Was Up 4.7% 
Hiring slowed to the smallest level of gains since July, with trade and transportation, health care and education, and information showing job losses. Small business employment also fell. For job-changers, year-over-year pay gains slowed slightly, from 6.8 percent in January to 6.7 percent. Pay gains for job-stayers were flat at 4.7 percent.US Consumer Confidence Tumbled Again in March
“Consumers’ expectations were especially gloomy, with pessimism about future business conditions deepening and confidence about future employment prospects falling to a 12-year low. Meanwhile, consumers’ optimism about future income—which had held up quite strongly in the past few months—largely vanished…,” said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board.Mesh Secures $82M in Series B Funding to Build First Global Crypto Payments Network 
The round, led by Paradigm with participation from Consensys, QuantumLight, Yolo Investments, and others, was secured using PayPal USD (PYUSD) stablecoin, setting a historical precedent for stablecoin funding. With payments and stablecoins widely seen as the biggest catalyst for crypto‘s mass adoption, the funds set the company up for sustained dominance in the industry’s most promising sector. Rocket Companies to Acquire Redfin, Accelerating Purchase Mortgage Strategy 
The Detroit-based fintech entered into an agreement to purchase Redfin, a leading digital real estate brokerage, in an all-stock transaction for a value of $12.50 per Redfin share, or $1.75 billion of equity value. Rocket will also end its “Up-C” structure to simplify its organizational and capital structure.Mr. Cooper, America’s Largest Servicer, Joins Rocket, the Nation’s Largest Lender 
Rocket Companies also announced a definitive agreement to acquire Mr. Cooper Group Inc. in an all-stock transaction for $9.4 billion in equity value, based on an 11.0x exchange ratio. With this acquisition, Rocket will bring its industry-leading mortgage recapture capabilities to a combined servicing book of $2.1 trillion across 10 million clients, representing one in every six mortgages in America.Mortgage Rates Expected to Move Lower in 2025 and 2026 
“We expect the recent pullback in mortgage rates will provide a small boost to home sales this year,” said Mark Palim, Fannie Mae Senior Vice President and Chief Economist. “While our latest forecast calls for a period of modestly slower economic growth, historically, interest rates have been the most important driver of home sales. We think mortgage rates will move even lower within the next quarter and ultimately close the year at approximately 6.3 percent…”Ramp Deepens Investor Bench, Valuation Grows to $13 Billion 
Ramp AI is enabling the shift from managed financial software to truly autonomous financial operations. With over 30,000 customers less than 5 years after launching its first product, Ramp plans to accelerate product development in 2025, with a focus on expanding its AI capabilities and launching new product lines.Financial Finesse CEO Liz Davidson Named to Inc.’s Female Founders 500 List 
The prestigious list honors top business leaders who challenge the status quo and tackle some of the world’s most pressing issues. Under Liz’s leadership, Financial Finesse’s market-leading safe and responsible AI won 8 tech awards in 2024 alone, including recognition for Aimee, an AI-powered financial coach that leverages the AI technology behind ChatGPT to offer instant, guaranteed-accurate answers to any financial or benefits questions.Spirit Airlines Emerges from Financial Restructuring, Better Positioned to Advance its Transformation and Enhanced Guest Experience 
Spirit Airlines exited Chapter 11 bankruptcy, completing a consensual, deleveraging transaction that equitizes approximately $795 million of funded debt. As part of the restructuring, the company has also received a $350 million equity investment from existing investors to support Spirit’s future initiatives, including investments to provide Guests with enhanced travel experiences and greater value.CoreWeave Files Registration Statement for Proposed Initial Public Offering 
The AI startup filed for its IPO with the U.S. Securities and Exchange Commission on March 3, listing shares of its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “CRWV.” CoreWeave’s technology provides enterprises and leading AI labs with cloud solutions for accelerated computing.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Trending Topics

Among the finance news that was distributed in March, the PR Newswire team was able spot several larger stories that highlight the trends shaping the industry.

AI Agents: Let’s just say we’ve come a long way since Clippy. As the AI revolution accelerates, banks and financial institutions are investing in AI agents to serve customers, fight financial crime and perform complicated tasks with little to no human oversight. In March, we saw Deloitte, EY and Cognizant launch AI agents built on NVIDIA, the leader in AI computing, to help their clients automate tasks and save money. Although NVIDIA is attracting enterprise businesses, Qualtrics found that many executives are still hesitant to spend large amounts on agentic AI.Crypto‘s Come-up: In March, the U.S. government officially recognized Bitcoin as a reserve asset and established the Strategic Bitcoin Reserve. According to independent brokerage firm FBS, President Trump’s support for cryptocurrency has inspired investor confidence and marks a new era in digital currency. Announced over PR Newswire, the president’s family started their own bitcoin mining company, American Bitcoin Corporation, and the president launched his own meme coin, $Trump, hosted on the Solana blockchain. Unfamiliar with all the crypto terminology? LearnBitcoin’s recently published glossary can help.Eye-catching Economic Surveys: Economic uncertainty and discontent was measured by several surveys seen on PR Newswire in March. A Debt.com survey found that 44% of Americans said inflation has caused them to carry larger credit card balances and Northwestern Mutual found that inflation is still Americans’ top concern, with many doubting their income will keep up. As tariffs take effect, National Business Capital predicts certain industries will feel the effects more than others. Tax returns will provide some consumers relief, with 51% of Americans identifying their tax refund as a financial necessity, according to Trustpilot.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

For questions, contact the team at media.relations@cision.com.

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SOURCE PR Newswire

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Technology

SiriusXM Declares Quarterly Cash Dividend

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NEW YORK, July 22, 2026 /PRNewswire/ — SiriusXM (NASDAQ: SIRI) today announced that its Board of Directors declared a quarterly cash dividend of $0.27 per share of common stock. This regular quarterly dividend is payable in cash on August 26, 2026, to stockholders of record at the close of business on August 10, 2026.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Together, SiriusXM reaches a combined monthly audience of approximately 255 million listeners. SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

Source: SiriusXM

Investor contacts:
Jennifer DiGrazia
investor.relations@siriusxm.com 

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SOURCE Sirius XM Holdings Inc.

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Shutterstock Announces Capital Allocation Update

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NEW YORK, July 22, 2026 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK) (the “Company”), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that at a meeting held on July 20, 2026 its Board of Directors (the “Board”) resolved to suspend the Company’s future quarterly cash dividend.

The Board’s determination reflects its ongoing review of the Company’s capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility.

The Board will continue to evaluate the Company’s capital allocation priorities as part of its regular governance process. Any future declaration and payment of dividends, and the amount thereof, will remain subject to the discretion of the Board and will depend upon the Company’s results of operations, financial condition, capital requirements, contractual restrictions, applicable law, and such other factors as the Board deems relevant.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may discuss intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise. Forward-looking statements speak only as of the date they are made and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “could,” “expects,” “intends,” “may,” “might,” “ongoing,” “plans,” “seeks,” “should,” “will,”  or the negative of these words and phrases, other variations of these words and phrases or comparable terminology, but not all forward-looking statements include such identifying words. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those indicated or anticipated by such forward-looking statements. The forward-looking statements in this press release relate to, among other things, the Company’s capital allocation strategy, the suspension of the Company’s quarterly cash dividend, the Company’s plans with respect to debt reduction, interest expense management and financial flexibility, and any future declaration and payment of dividends. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the sections captioned “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the Securities and Exchange Commission. While those factors are considered representative, no list of risk factors should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. The Company assumes no obligation to update forward-looking statements, and the Company disclaims any such obligation, except as may be required by law.

About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world’s largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.

Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.

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SOURCE Shutterstock, Inc.

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ICI Welcomes Bipartisan Sponsors of Bill to Stop States from Seizing Long-Term Investors’ Savings

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WASHINGTON, July 22, 2026 /PRNewswire/ — The Investment Company Institute released the following Viewpoints blog. To learn more about why this issue matters and how the SAFER Act would help protect American investors, watch our video on LinkedIn.

Millions of American investors have adopted the advice given by financial advisors to invest for the long term and then leave those savings alone. In some states, however, following this guidance can get your account seized. That was the warning sounded at an event featuring the sponsors of the bipartisan SAFER Act, Representatives Sam Liccardo (D-CA) and Mike Lawler (R-NY), who joined ICI leaders to make the case for a federal solution to the problem of state unclaimed property laws that can treat buy-and-hold investors as though they have disappeared. 

ICI President and CEO Eric Pan opened the event by outlining the nature of this growing threat. More than 128 million Americans invest in regulated funds, many with the intention of holding them for years, following the advice of many financial educators to “stay in the market, invest for the long term.” They put their money away and go about their lives, confident that the savings will be there when they need it. But under some states’ laws, an account that shows no activity can be declared abandoned and taken into state custody through a process called escheatment.

Pan walked through what seizure means in practice. When a state escheats an investment account, it typically liquidates the holdings — so even an investor who eventually recovers the money gets back only what the account was worth at seizure, with no credit for years of market gains. For retirement accounts, the forced liquidation can also trigger unforeseen tax consequences. And recovering the money at all can take years of paperwork and persistence. Meanwhile, some states are moving in the wrong direction, loosening their rules to make it easier to capture assets. 

“This is where the leadership of Congressmen Lawler and Liccardo is so important,” Pan said. “They’ve introduced the SAFER Act, a federal solution to a problem that exists across the United States. This patchwork of different legal standards, and the fact that the legal standards change constantly, creates a lot of confusion and creates this risk and harm that we’re so worried about.” 

In a panel discussion, the two lawmakers described the issue as an obvious place for Democrats and Republicans to find common ground, given Americans’ widespread use of investment accounts for saving.

“We are, for the most part, a group of Americans who sit on our investments, which is more or less the right strategy,” Liccardo said, noting that this is exactly the approach that inactivity standards put at risk. 

Liccardo pointed to the widely reported case of Walter Schramm, an investor who bought Amazon shares in the late 1990s and then did what many long-term investors do: leave the account be. Delaware deemed the account abandoned and liquidated the shares in 2008, when they worth about $8,000. By the time Schramm discovered what happened years later, the position would have been worth roughly $100,000.

The financial incentives driving state behavior are a concern, Liccardo noted. Unclaimed property has become one of Delaware’s largest sources of revenue, bringing in more than half a billion dollars a year — a powerful reason for states to loosen their standards rather than tighten them. 

Lawler contrasted legitimate unclaimed property programs and what some states are doing now. “It’s one thing to get an asset because it’s truly abandoned,” he said. “It’s another to basically target a group of investors who have a long-term strategy of just not touching the asset and being passive.”

The right standard, Lawler argued, is the obvious one: before seizing investment assets, a state should have to prove the owner is actually deceased. He posited that most Americans would be shocked to learn how little protection they have. “You think you have ownership of this asset, but the state, under current law, can just take it.”

The SAFER Act would establish federal guardrails ensuring that inactivity alone cannot be the basis for escheatment and that states confirm the death of an owner and that no estate or beneficiary has claimed the assets before escheating investment accounts. It would also require states to leave unclaimed investments in place, rather than liquidating them, until they can prove abandonment.

Both lawmakers said the path to fixing the problem is through public awareness of the threat some state laws pose to Americans financial security. “Ultimately the American people will rise up,” Liccardo said. “It may take a little while. We just have to get the information to them.”

Contact: media@ici.org 

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SOURCE Investment Company Institute

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