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Don’t worry. There is a common sense response to the surgeon general’s alcohol and cancer warning

As 2025 kicked off, many Americans began their quest for a healthier year ahead by committing to more exercise, a renewed focus on mental well-being, a healthier diet, and ‘Dry January’ (that is, a month without alcohol consumption). Then U.S. Surgeon General Vivek Murthy released his latest advisory linking alcohol to an increased risk of cancer.   Specifically, the advisory highlighted an increased risk in mouth, throat, esophagus, voice box, breast (in women), liver, and...

Market Pullbacks Provide Opportunities to Build your WatchList – Here’s How

The stock market is in pullback mode with the S&P 500 EW ETF down 5.15% over the past month and down 1% year-to-date. This makes it a good time to monitor relative performance and create a relative strength watch list. Stocks and ETFs holding up best during pullbacks often lead when the market regains its footing. Today’s report will show a starter list and analyze the chart for an AI Robotics ETF. The table below...

Biden admin slammed for ‘waiting’ to declare genocide in Sudan

JOHANNESBURG, South Africa – The Biden Administration has been blasted by the incoming Chairman of the Senate Foreign Relations Committee, Sen. Jim Risch, R-Idaho., for ‘waiting’ until the outgoing President had only 13 days left in office before declaring rebel actions in Sudan, a country torn apart by 21 months of bitter war, to be ‘genocide.’ Earlier this week, Secretary of State Antony Blinken declared that members of the Sudanese rebel group, the Rapid Support...

New tax checks on side hustles like eBay and Vinted risk confusion over different reporting periods

HM Revenue & Customs is ramping up its scrutiny of “side hustle” earnings, requiring online platforms such as eBay, Vinted and Airbnb to submit information on users’ incomes for 2024 by the end of this month. However, concerns have been raised that the discrepancy between the UK tax year (April to April) and the OECD’s reporting period (January to December) could lead many casual sellers to make mistakes on their tax returns. The Low Incomes...

Week Ahead: NIFTY Steps Into Next Week With These Two Negative Technical Developments

The markets extended their decline over the past five sessions and ended the week on a negative note. While the week started on a bearish note, the Nifty violated a few key levels on higher and lower time frame charts. Along with the weak undercurrent, the trading range widened again as the Nifty moved in a 745-point range. The volatility spiked up, and India Vix surged 10.16% to 14.91 on a weekly basis. Following a...

Chancellor heads to China in search of growth amid surging borrowing costs

Britain has “no choice at all” but to engage with China, Rachel Reeves has argued, as she seeks to shore up economic growth against a backdrop of soaring borrowing costs and uneasy financial markets. The chancellor arrived in Beijing to finalise new trade and investment commitments worth £600 million over five years, the first trip by a UK chancellor to China in over half a decade. Her visit comes as the UK grapples with stubbornly...

Trump fills latest Cabinet spots as Jan. 20 inauguration nears

President-elect Trump announced his latest picks to join the growing number of Cabinet choices as his Jan. 20th inauguration nears.  Trump, in a Friday evening announcement, said that Bill Briggs would serve as the next Deputy Administrator of the U.S. Small Business Administration. If confirmed, Briggs will serve alongside Trump’s pick for SBA Administrator, Kelly Loeffler. ‘Bill is a successful businessman who served in my First Term as the Acting Associate Administrator in the Office...

S&P 500 Breakdown Alert! Downside Targets Explained

S&P 5850 has been the most important “line in the sand” for stocks since the pullback from the 6000 level in November 2024. With the SPX closing below that 5850 level on Friday, we see further corrective pressures with the 200-day moving average as a reasonable downside target. Today, we’ll break down a series of projection techniques that have helped us hone in on this potential area of support. The Break of 5850 Completes a Head-and-Shoulders...

Stock Market Panic: Why Strong Jobs and Inflation Signal Trouble Ahead

December non-farm payrolls data came in much hotter than expected. More jobs were added, the unemployment rate dipped slightly, and average hourly wages rose. Overall, it was a solid employment report, but the stock market didn’t like the news. Throw in the rise in inflation expectations to 3.3% in January as per the University of Michigan Survey of Consumers, and you get a scenario that points to fewer interest rate cuts from the Federal Reserve...

DOGE reps launch meetings with federal staffers in effort to cut government waste: report

Aides for Tesla and Space X CEO Elon Musk and tech entrepreneur Vivek Ramaswamy are starting to interview staffers with the federal government for the newly created Department of Government Efficiency (DOGE), according to a new report.  Representatives for DOGE have had conversations with staffers from more than a dozen federal agencies — including the Treasury Department and the Internal Revenue Service, as well as the Departments of Veterans Affairs, Homeland Security, and Health and...