This Week In Finance News: 10 Stories You Need To See

A weekly roundup of the latest financial industry press releases from PR Newswire.

NEW YORK , September 23, 2022 /PRNewswire/ — With thousands of press releases released each week, it can be difficult to keep track of everything on PR Newswire. To help financial journalists keep up to date with the most important and popular news of the week, we have prepared a summary of the week's news.

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The list below includes the titles (with links to the full text) and excerpts from each story. Click on the title of the press release to access media resources available for download.

  • The Rocket Mortgage Inflation Buster Program helps homebuyers survive higher costs through lower mortgage payments.
    The Inflation Eradication Program gives homebuyers peace of mind by reducing their monthly mortgage payments by one percentage point in the first year of the loan.
  • Despite the severe downturn caused by Bain & Company's new report, investment in technology remains important.
    Bain's third annual Technology Report shows that despite the current economic climate, technology will remain an important investment and a key driver of productivity in global business.
  • America's personal debt fell 25% in three years
    American adults with personal debt had an average of $22,354 in mortgages at the beginning of the year, when inflation was rising, but before a recent spike.
  • Invesco is adding a new ETF to its fixed income portfolio, offering targeted participation in the historically neglected fixed income sector.
    “Invesco offers a range of fixed income ETFs that aim to gain access to approximately 58% of the US fixed income market that is not covered by the overall US bond index,” said Jason Blum , Head of Strategy and Alternatives for Fixed Income. ETFs. in Invesco.
  • First Horizon Mortgage Launches New Diversity Scholarship Program
    The Diversity Grant is designed to provide down payment assistance to borrowers who purchase a primary owner-occupied home in majority and minority census areas in a combined area assessed by the bank.
  • According to the New Profitability Financial Trends Survey, CFOs prioritize supply chain resilience in the face of inflation.
    In addition, the survey shows that 72% of respondents' financial transactions experienced interruptions or delays in the past year due to supply chain issues, pandemic-related impacts, and/or inflation.
  • SkyBridge Capital Leads Metaverse Vulcan Forged Funding Round
    This funding will further accelerate the growth of Vulcan Forged's patented metaverse-as-a-service engine, MetaScapes, and allow the company to scale operations in North America and existing key markets.
  • Social entertainment streaming platform Clover Inc. SPAC has teamed up with FoxWayne Enterprises Acquisition Corp.
    Clover has a growing user base of over 9 million, with almost 90% of users between the ages of 18 and 39. Clover plans to launch virtual reality dating (“virtual reality”) and virtual reality live streaming in the third quarter of 2023.
  • House prices fall for the second month due to the weakening of competition
    Affordability drives market momentum: low-cost markets remain competitive while prices fall fastest in the most expensive markets and markets that experienced the biggest jumps during the pandemic.
  • Concerns about inflation hastened the emergence of a new tool for Edward Jones' team.
    Financial services firm Edward Jones provides its nearly 19,000 financial advisors with interactive tools and secure loan options to help clients cope with complex financial needs and changing market conditions.
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