Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Iran has quadrupled its output of nuclear material amid rising tension with the U.S. and dangerous escalations in the Middle East.Energyread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
"Unlike Bernie Sanders or Elizabeth Warren or Kamala Harris, Biden's against 'Medicare for All,'" the "Mad Money" host says.Mad Money with Jim Cramerread more
"As long as President [Donald] Trump believes that the Chinese are the ones who pay the price, he's going to keep taking a hard-line approach to these negotiations," Cramer...Mad Money with Jim Cramerread more
Sens. Mitch McConnell and Tim Kaine introduced a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
No wonder the 2017 Republican tax cut remains so unpopular — the vast majority of Americans don't think they got one at all.
As the annual IRS filing deadline of April 15 approaches, just 17% believe their own taxes will go down, the NBC News/Wall Street Journal Poll found. By contrast, 28% believe they'll pay more, 27% expect to pay about the same and 28% don't know enough to say.
That helps explain why the tax cut provided so little ballast for the GOP as Democrats recaptured control of the House in November's midterm elections. Pew Research polling last month found that the tax cut remains underwater politically, with 36% of Americans expressing approval and 49% disapproval.
In reality, 8 in 10 Americans stood to receive tax cuts in 2018 under the law, according to an analysis by the nonpartisan Tax Policy Center. Yet the cuts for most taxpayers are so small that many didn't notice.
The lowest earning 60% of households stood to receive an average cut of less than $1,000, the analysis found. The top 1% of taxpayers could expect more than $51,000.
In the NBC/WSJ poll, that sense of missing out is nonpartisan. Just 33% of Republicans believe they're getting a tax cut, while an even punier 10% of independents and 7% of Democrats do.
Across ages, genders, income groups, regions of the country, and races, 25% or fewer say they're getting a tax cut. Republicans are the only group in which 30% or more believe they're getting a tax cut.
Among core Trump supporters, 36% believe they're getting a tax cut. But another 36% say their taxes are staying the same, while 6% say they're paying more to the IRS.
The NBC/WSJ poll of 1,000 adults was conducted by telephone from March 23-27. It carries a margin for error of 3.1 percentage points.