This Week in Finance News: 9 Stories You Need to See – Yahoo Finance

A roundup of the week’s most newsworthy financial industry press releases from PR Newswire
NEW YORK, Dec. 9, 2022 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the finance industry stay on top of the week’s most newsworthy and popular releases, here’s a roundup of 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.
MasterClass Announces Class on Cryptocurrency and The Blockchain
Cryptocurrency and the blockchain have the potential to disrupt the financial system,” said David Rogier, founder and CEO of MasterClass. “With the landscape rapidly changing every day, we’re bringing together the industry’s key voices to help members gain a foundational understanding of the crypto and blockchain ecosystem.
44% of Americans Have a Side Hustle Amid Inflation, Most Popular with Gen Zers
Inflation is forcing Americans to rely on the extra income, as 43% need the money from their side hustle to pay their primary expenses or bills, and 71% aren’t certain they’d still be able to pay all their bills if their side hustle disappeared.
LendingClub Acquires $1 Billion Personal Loan Portfolio
The portfolio consists of personal loans that were originated through LendingClub’s marketplace and will support its growing revenue stream of recurring net interest income.
Football Star Josh Allen Partners with ForgiveCo to Wipe Out Over $10 Million of Consumer Debt Brands partner with ForgiveCo to target communities of people in need and purchase their debt in bundles using the same process debt collectors use – buying debt at cents on the dollar. Rather than collecting on the obligation, they forgive it, thus reducing financial hardship for people who need help the most.
BofA Data Finds Consumers Proved Resilient in 2022 and Poised to Start 2023 in Decent Financial Shape
Despite soft retail spending in November, holiday shopping is picking up and BofA Data shows a pronounced rise in Buy Now Pay Later purchases.
Black Knight: 8% of 2022 Mortgaged Home Purchases Now Underwater; FHA Loans See Early-Payment Defaults Rise
As Black Knight Data & Analytics President Ben Graboske explains, what would ordinarily be an environment ripe for steep declines in home prices has been offset somewhat by stagnant levels of for-sale inventory.
S&P Global acquires Shades of Green business from CICERO The global ESG debt universe has grown rapidly to reach $4.5 trillion now compared to $1.5 trillion two years ago according to the International Institute of Finance. Shades of Green provides independent, research-based second party opinions of green, sustainability, and sustainability-linked financing frameworks and climate risk assessments and impact reporting reviews grounded in climate science.
“Terrified”: Nearly Half of Investors Check Retirement Balance 3 Times a Week This habit is more common among women than men (53% vs. 34%), even though men are slightly more likely to say they are terrified about their long-term financial futures than women (55% vs. 49%, respectively).
Zillow names the 10 best metros for first-time home buyers in 2023
Zillow senior economist Orphe Divounguy, said, “These metros are potential hotbeds for those looking to buy their first home. Not only will shoppers find more affordable monthly mortgage costs and have an easier time qualifying for a smaller loan, but rent also is more affordable than elsewhere in the country, shortening the time it takes to save for a down payment.”
Read more of the latest finance-related releases from PR Newswire and stay caught up on the top press releases by following @PRNfinance on Twitter.
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Once a symbol of extravagant wealth, $1 million is now the retirement-savings goal for millions of Americans. For retirees able to accumulate $1 million in savings, the funds translate into inflation-adjusted income of $40,000 in the first year of a three-decade retirement using the 4% spending rule. With the addition of the average annual Social Security payment for retirees of about $20,000, a $1 million nest egg can replace about 85% of a $70,000 median household income.
MARKET PULSE Shares of Nio Inc. (NIO) dropped 5.7% in premarket trading Tuesday, to buck the rally in the broader stock markets, as Tesla Inc.’s (TSLA)  extension of its production suspension at its Shanghai plant appeared to weigh on China-based electric vehicle makers.
Misleading financial statements hid just how entangled Alameda and FTX finances were.
In this article, we discuss 10 stocks that Jim Cramer is bearish on. Stocks plummeted for a fourth consistent trading week on December 19, crushed by rising recession fears. However, CNBC’s Jim Cramer noted that there could be a buying opportunity in the equity markets ahead of a potential rally. On December 19, Cramer told investors: […]
Will there be a new beginning?
EV stocks crumbled as companies were forced to rethink their production and growth plans. Tesla may still be a much larger EV player overall in China, but Nio has a strong foothold in the premium market, and most of its recent moves and plans are aimed at beating out its arch-rival in the years to come.
Three major headwinds have been combining to buffet the markets – persistently high inflation, the Fed’s rising interest rates in its ongoing battle to tame it, and the increasing worries that a recession is around the corner. In such an unpredictable market environment, investors need to find some clear and reliable sign to indicate just which stocks are the most attractive choices to weather the volatile conditions. One of the clearest such signals comes from the corporate insiders, company of
Shares of the Magic Kingdom have recently sunk below where they were in early 2020 (when theme parks were completely closed down) and sit at similar levels as in late 2014 (after Disney acquired Lucasfilm but before new Star Wars movies began coming out). Returning CEO Bob Iger is taking back the reins of a pumpkin past midnight. Surely it's time to sell Disney, right?
Value investors typically scoff at the sky-high valuations growth investors are willing to pay. There are many ways for both groups to find them, including looking through stocks that Wall Street loves. For the holidays, Barron’s looked to stuff the stockings of both growth and value investors.
The ageless Dow Jones Industrial Average, broad-based S&P 500, and growth-dependent Nasdaq Composite, have tumbled as much as 22%, 28%, and 38%, respectively, from their all-time highs. For those of you keeping score at home, it means all three indexes are, or were at one point, in a bear market. Since every bear market throughout history has eventually been recouped (and then some) by a bull market rally, the 2022 bear market represents the ideal time for long-term investors to pounce.
These growth stocks have been hammered by high inflation, but that creates a good buying opportunity for investors.
One of the main drivers of those outsized moves was a short squeeze, which is what can happen when short sellers who are betting against a stock get caught in a wrong-way position. One stock that Wall Street is bearish on now is Upstart Holdings (NASDAQ: UPST). Upstart has come under scrutiny this year as demand for consumer loans has fallen.
Today we're going to take a look at the well-established The Boeing Company ( NYSE:BA ). The company's stock received a…
By David Wagner
Healthcare stocks with dividends can be a good place to park funds during inflationary periods. Medical Properties Trust (NYSE: MPW), Sanofi (NASDAQ: SNY), and Medtronic (NYSE: MDT) all have dividends yielding 2.5% or more with a history of consistent increases to reward long-term investors. Medical Properties Trust is one of the world's largest owners of hospitals with 434 in total that it leases across 30 states and 10 countries.
Undoubtedly, electric vehicles (EVs) will become the norm over the next couple of decades, ending more than 100 years of internal combustion engine automobile dominance. Statista estimates that sales will grow at a compound annual rate of nearly 17% through 2027, going from $389 billion in 2022 to $847 billion. Tesla is one of the most successful investments of the last 10 years, returning an eye-popping 5,700%.
Palantir (NYSE: PLTR) and DigitalOcean (NYSE: DOCN) have fallen 84% and 80% from their respective all-time highs and may never return to those highs. What do Palantir and DigitalOcean do? Both companies focus on the direction the business world is moving in, with Palantir having a robust artificial-intelligence-fueled data analysis platform and DigitalOcean providing cloud computing infrastructure to small businesses and individuals.
Amazon stock passes the ultimate litmus test for investors, and at its 52-week low, the opportunity was finally too good to pass up.
Southwest Airlines cancels thousands of flights as a winter storm causes chaos across the United States.
Shares of the United States Oil Fund surged last week, capping a phenomenal run in recent weeks that far outpaced meager gains in the price of oil. The fund has made major moves to protect itself against swings in the near-term price of oil. When oil slumped in 2020, USO began investing in multiple long-dated futures contracts for oil rather than relying on the next month’s price.


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