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Your daily horoscope: January 7, 2026

  IF TODAY IS YOUR BIRTHDAY Venus and Mars join forces on your birthday, so if you are in the market for romance you will find yourself spoilt for choice. And if you are already partnered up your affections will grow stronger and deeper. Whatever the question, love is the answer. ARIES (March 21 - April 20): If you are looking to move up on the work front you should be making special efforts to impress your employer and senior colleagues. With Mars, your ruler, joining forces with Venus no one will be able to resist your ambition, or your charm. TAURUS (April 21 - May 21): Are you fed up with the same old places and the same old faces? Then get up and go somewhere different today. Venus, your ruler, linked to Mars in the most adventurous area of your chart will make it easy to blaze a new trail. GEMINI (May 22 - June 21): If someone lets you in on a secret today you must not betray their trust by passing the information on to your friends. Why would you want to anyway when being in...
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Wall Street Edges Up as Investors Await Inflation Report

Wall Street remained cautiously optimistic today as investors eagerly awaited the release of a crucial U.S. inflation report. Here’s a snapshot of today’s market activity:

  1. S&P 500 and Nasdaq: The S&P 500 held steady, with gains and losses evenly distributed among its constituent stocks. Meanwhile, the Nasdaq inched up, hovering just below its all-time high.

  2. Winners and Losers:

    • Walgreens Boosts Alliance: The pharmacy giant saw a staggering 24.7% drop in its stock price after reporting results that fell short of expectations and lowering its outlook. The possibility of hundreds of store closures in the next three years added to investor concerns.
    • Levi Strauss: The jeans maker’s stock plummeted 16.6% due to disappointing quarterly revenue results and a less-than-rosy earnings forecast for the year.
    • McCormick: On the flip side, spice maker McCormick surged 5.8%, outperforming analysts’ earnings forecasts.

  3. Inflation and Consumer Spending:

    • The U.S. economy expanded at a 1.4% annual pace from January through March, a slight revision from the previous estimate of 1.3%. This growth rate is the slowest since spring 2022.
    • Consumer spending, a key driver of economic growth, grew at a modest 1.5% rate, down from the initial estimate of 2%. Persistent inflation and high interest rates continue to squeeze consumers.
    • The Federal Reserve faces the delicate task of taming inflation without pushing the economy into a recession.

  4. What’s Next?

    • The eagerly anticipated personal consumption expenditures index (PCE), the Fed’s preferred measure of inflation, is due for release. Economists expect a modest easing of inflation to 2.6% in May, down from April’s 2.7% reading.
    • Nike, however, faced a different fate. The athletic wear company’s shares plummeted 15% after missing Wall Street’s revenue targets and revising its full-year sales guidance downward.

Investors remain cautiously optimistic, balancing economic data and corporate performance. All eyes are on the inflation report, which could shape the Federal Reserve’s next move on interest rates. Stay tuned for further developments! 

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