‘Reverse Robin Hood scam’ or windfall for middle class? Lawmakers debate Trump tax plan extensions

Key Points

Republicans and Democrats are making competing claims about the impact of extending provisions in the Tax Cuts and Jobs Act.
The GOP sees it as a windfall for low- and middle-income households. Democrats view it as a handout for the wealthiest Americans.
Both sides can be correct depending on the frame of reference, tax experts said.

Source

Finance

Stocks making the biggest moves midday: Penn Entertainment, Robinhood, Levi Strauss & more

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Check out the companies making the biggest moves midday: Penn Entertainment – The gaming stock dropped more than 5% following the release of weak regional gaming revenue data. On Friday, Iowa and Indiana both reported year-over-year declines in statewide gaming revenues. For Penn Entertainment revenues specifically, Iowa saw a 14% slide compared to last year, […]

Finance

Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

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Key Points Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building. “This is about the largesse and the fact that he has systemically mismanaged the Fed,” Vought told CNBC. The accusations represent another front on Trump’s ongoing campaign against Powell. Source

Finance

Stocks making the biggest moves premarket: Coinbase, Levi Strauss, AMC and more

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