A roundup of the most newsworthy financial press releases from PR Newswire this week, including the new cryptocurrency payment solution from PayPal and results from Bank of America's 2025 Better Money Habits financial education study.
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.
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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.
— PayPal Drives Crypto Payments into the Mainstream, Reducing Costs and Expanding Global CommerceSupporting transactions across 100+ cryptocurrencies and wallets such as Coinbase and MetaMask, Pay with Crypto, powered by PayPal, expands merchant revenue opportunities and taps into a global base of more than 650 million crypto users.
— Confronted with Higher Living Costs, 72% of Young Adults Take Action to Improve their Financial Health, finds BofA Better Money Habits StudyAccording to the study, about half (51%) of Gen Z surveyed say the high cost of living is a barrier to financial success. Total monthly spending is higher than they thought it would be for 35%, especially for everyday expenses including groceries (63%), rent and utilities (47%) and dining out (42%).
— ADP National Employment Report: Private Sector Employment Increased by 104,000 Jobs in July; Annual Pay was Up 4.4%”Our hiring and pay data are broadly indicative of a healthy economy,” said Dr. Nela Richardson, chief economist, ADP. “Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient.”
— Paramount and Skydance Announce Anticipated Closing Date, Deadlines to Elect Merger Consideration and Change of Ticker Symbol Effective at the ClosingThe transactions contemplated by the Transaction Agreement, dated as of July 7, 2024, are expected to close on August 7, 2025, subject to customary closing conditions.
— BitMine Immersion (BMNR) Announces $1 Billion Stock Repurchase Program”In our road to achieving 'the alchemy of 5%' of ETH, there may be times when the best expected return of our capital is to acquire our own shares,” said Thomas “Tom” Lee, Chairman of BitMine.
— Garmin acquires MYLAPS, a leading sports timing company”We are excited to bring MYLAPS and their trusted timing technologies into the Garmin family and believe the combination will transform the competitive experience for our passionate customers,” said Brad Trenkle, Garmin Co-Chief Operating Officer.
— New Ally Bank Survey Reveals the Hidden Financial Cost of FriendshipsFor Gen Z and millennials, the joy of friendship often comes with a financial cost that can be challenging to manage: 44% of Gen Z/millennials have skipped major social events because of the cost, with 1 in 4 saying their social spending makes building savings difficult.
— Harley-Davidson Announces Strategic Partnership with KKR and PIMCOThis partnership transforms HDFS into a capital-light financing business through the sale of existing and future retail loans while maintaining its strategic value to Harley-Davidson, its dealers, customers and investors.
— Mercury Insurance Unveils the Most Affordable New Sedans, Subcompact Crossovers to Insure This Year”The list of vehicles this year is one of the most diverse ever, ranging from entry-level premium cars like the Acura Integra to more affordable options like the Nissan Kicks and Kia K4,” said Chong Gao, Director of Product Management R&D for Mercury Insurance.
— Ramp Raises $500 Million at $22.5 Billion Valuation to Accelerate AI and Build the Future of Finance”We're focused on ensuring our only constraint is the scale of our ambition,” saidWill Petrie, Chief Financial Officer at Ramp. “We have a fortress balance sheet and an accelerating core business. Both will allow us to play to win as AI reshapes the future of finance.”
— KeyBank and the Buffalo Sabres Announce 10-Year Extension of Arena Naming Rights DealThe contract, which is set to begin in 2026-27, will keep the KeyBank Center name in place through the 2035-36 season. KeyBank is the official and exclusive bank of the Buffalo Sabres.
— US Consumer Confidence Inched Up in JulyJuly's modest gain in confidence was driven by consumers over 35 years old and shared across all income groups except those earning the least (with household annual income below $15K). By partisan affiliation, confidence improved in July among Republican consumers and was stable for Democrats and Independents.
— Cognizant and Lineage Partner to Set Customer Experience Standard in the Cold ChainThe collaboration is aimed at delivering enhanced resources, reliable service models, and cutting-edge technologies, such as Agentic AI solutions, to empower the customer care organization that serves Lineage's customers.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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