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Press Releases

Do Millionaires Really Move Away When Their Taxes Go Up?

A new report finds that millionaire taxes don't really cause wealthy residents to flee. The Fiscal Times reports.

Source: Fiscal Times

Euro to hit parity with sterling on ‘Brexit’ vote: UBS

A U.K. vote to leave the European Union on June 23 would cause major currency fluctuations and dent growth in the country, according to UBS.


Greece passes omnibus reform bill to comply with bailout

There was one small dent in the left-led government majority of 153 lawmakers in the 300- member Parliament, with one Syriza party MP voting against the superfund and the contingency mechanism that will trigger automatic spending cuts if Greece fails to meet the targets of its bailout agreement with its creditors. Greece now hopes the creditors will...

Source: The Associated Press

UPDATE 1-Freeport's oil and gas business scraps IPO

May 20- Freeport-McMoRan Inc's oil and gas business has withdrawn its initial public offering as weak oil prices dent valuations of oil producers. The miner said earlier this month that it was in talks to sell more of its assets to reduce its debt to $10 billion over the next two years. Most recently, the miner agreed to sell its majority stake in the Tenke copper...

Source: Reuters

UPDATE 2-Amazon takes aim at YouTube with new video service

Amazon's fast-growing Prime loyalty program already offers original TV programming and access to digital entertainment products such as Prime Music and Prime Video, as well as one-hour delivery of purchases, for an annual fee of $99. "I don't see 50 million Prime users making a huge dent in the 2 billion YouTube user ecosystem," Wedbush Securities analyst...

Source: Reuters

U.S. market poised for rebound

If futures gains hold, stocks will not “sink” on Cinco de Mayo – at least not at the open. But that will only make a partial dent in recent losses.


Trump White House could dent US economy: Eastern Bank CIO

The likelihood of Donald Trump becoming the Republican presidential candidate compounds concerns about the U.S. economy, Michael Tyler says.


23 fascinating and disturbing Mother's Day facts

While you're busy lavishing praise and presents on your mom on Mother's Day, give her the gift of knowledge. The Fiscal Times reports.

Source: Fiscal Times

CNBC update: Bird strikes American Airlines jet

Investigators try to find out who is behind a deadly attack in Syria; Volkswagen has set aside nearly $9 billion to buy back or fix diesel-powered cars; and a bird strike left a large dent on an American Airlines jetliner, reports CNBC's Sue Herera.


Skanska eyes commercial development expansion in United States

STOCKHOLM, April 20- Swedish construction company Skanska plans to expand its commercial property development business in the United States, betting interest rates won't rise fast enough to dent strong investor demand for high-yielding real estate. Skanska's U.S. chief Richard Cavallaro said the company's goal this year was to identify which U.S. cities...

Source: Reuters