Stocks due for pullback soon: strategist

O'Neil Global Advisors chief investment officer Randy Watts also tells Reuters' Fred Katayama that the benchmark Treasury yield has bottomed out and could start to pressure stocks if it goes much higher.

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  • Republicans built up QAnon backer Rep. Marjorie Taylor Greene, but now are they afraid of what they created?

    On the eve of President-elect Joe Biden’s inauguration, freshman Rep. Marjorie Taylor Greene, the combative Georgia Republican known for her association with QAnon, was back on Twitter after a 12-hour suspension, and back to making waves. 

  • China hits Trump officials with sanctions on their way out

    China imposed sanctions on nearly 30 former Trump administration officials moments after they left office on Wednesday. In a statement released just minutes after President Joe Biden was inaugurated, Beijing slapped travel bans and business restrictions on Trump’s secretary of state, Mike Pompeo, national security adviser Robert O’Brien and U.N. ambassador, Kelly Craft. Others covered by the sanctions include Trump’s economic adviser Peter Navarro; his top diplomat for Asia, David Stilwell; health and human services secretary, Alex Azar; along with former national security adviser John Bolton and strategist Stephen Bannon.

  • Biden signs executive orders reversing Trump decisions on COVID, climate change

    Fresh off his inauguration Wednesday, President Biden began his term with executive orders on measures ranging from curbing the coronavirus pandemic to addressing racial inequality, many of which roll back measures enacted by former President Donald Trump’s administration.

  • Jailed Kremlin critic Navalny makes allegations of Putin wealth ahead of protests

    Alexei Navalny, President Vladimir Putin's most prominent critic who was jailed at the weekend, on Tuesday released a video in which he and his allies alleged that an opulent palace belonged to the Russian leader, a claim the Kremlin denied. The allegations, which first surfaced in 2010 when a businessman wrote about them to then-President Dmitry Medvedev complaining of official graft, come as Navalny's supporters urge people to join nationwide protests on Saturday. Reuters reported in 2014 that the estate in southern Russia had been partly funded by taxpayer money from a $1 billion hospital project.

  • Kamala Harris won't be moving into vice president's residence immediately

    Vice presidents since Vice President Walter Mondale have been living in the residence at the Naval Observatory in Washington, D.C.

  • Trump is reportedly just going up to people and asking if they want a pardon

    President Trump has spent the last few days asking his friends, aides, and associates if they would like pardons — even those who are not facing any charges, a senior administration official told The Washington Post.In one case, the official said, Trump offered a pardon to a person who declined the chance at clemency, saying they weren't in any legal trouble and hadn't committed any crimes. "Trump's response was, 'Yeah, well, but you never know. They're going to come after us all. Maybe it's not a bad idea. Just let me know,'" the official recounted.Trump has taken a great interest in pardoning people, the Post reports, even calling families to personally let them know he granted a pardon. A person familiar with the matter told the Post that Trump was talked out of pardoning himself, family members, and controversial figures like Rudy Giuliani. An aide said there was also a brief discussion about possibly issuing pardons related to the Jan. 6 Capitol attack, but that idea went nowhere.While Trump has held a few ceremonial events in recent weeks, journalists have been kept away from the White House, largely because the president is "just not in a place where they would go well," one official told the Post. Trump is constantly flip-flopping, another administration official said, talking about his future but uncertain of where he will be. "He goes between, 'Well, I'm going to go to Florida and play golf, and life is honestly better,' and then in the next moment, it's like, 'But don't you think there's a chance to stay?'" the official said. Read more at The Washington Post.More stories from theweek.com Bernie Sanders steals the inauguration with his grumpy chic outfit Only a sprinkling of Trump supporters showed up at state capitols to protest Biden's inauguration QAnon believers are realizing their entire conspiracy was a hoax as Biden is sworn in

  • Germany warns of border closures amid fear of COVID-19 mutations

    German Chancellor Angela Merkel warned that Germany may need to consider border crossing curbs if other European countries do not act to halt the spread of the coronavirus, particularly its new, more transmissible variants. Her comments came after she and leaders of Germany's 16 states agreed to extend for another two weeks a lockdown for most shops and schools until Feb. 14. Germany shares borders with nine countries, and there are growing concerns about infection rates in some of them, including Czech Republic, where commuter traffic is heavy.

  • Georgia lawyer said he kicked in Pelosi's door, she could've been 'torn into little pieces'

    Suspect William McCall Calhoun Jr. faces a host of charges stemming from the Jan. 6 pro-Trump riot at the U.S. Capitol Building.

  • Eric Trump says he will 'never forget Buckingham Palace' as family seen in tears at farewell ceremony

    Eric Trump said he will "never forget Buckingham Palace" as he looked back on his father's four years in office after a tearful farewell ceremony. The president's second eldest son said it had been the honour of his life to have had a "front row seat to the most remarkable and consequential presidencies in American history". He went on to enumerate his father's achievements in office, listing his tax cuts, support for the second Amendment and Middle East peace deals. He singled out his visit to the UK, which included a State banquet hosted by the Queen in 2019. "I will never forget Buckingham Palace and the beaches of Normandy," he said in a tweet. "It's truly a journey I will never forget," he said.

  • Biden tells appointees 'I will fire you on the spot' for showing disrespect to colleagues

    President Joe Biden issued a warning Wednesday to his appointees that a hostile workplace will not be allowed in his administration. 

  • Chinese media criticise Pfizer COVID-19 vaccine, tout local shots

    Chinese state media outlets have run a series of articles criticising Western COVID-19 vaccines in the past week, including Pfizer's, while touting China-made vaccines as safer and more accessible. The reports have come as China's vaccines, which are being rolled out to countries including Brazil, Indonesia, and Turkey, have faced criticism in the West for insufficient data disclosure. The Global Times, a tabloid published by the People's Daily, the official newspaper of China's ruling Communist Party, has published more than ten reports in the past week critical of vaccines and inoculation schemes in the West.

  • The Coolest New Automotive Technology at CES 2021

    Mercedes-Benz’s Hyperscreen, General Motors’ Bright Drop, and Jeep’s Electric Wrangler were among the unveils that turned headsOriginally Appeared on Architectural Digest

  • Afghan officials: Taliban attacks, violence kills dozens

    A wave of Taliban attacks and violence has killed dozens across Afghanistan, even as talks are underway between the government and the insurgents in Qatar, officials said Tuesday. A statement from the defense ministry said four army soldiers were killed late Monday night in Taliban attacks on checkpoints in Kunduz province. According to the ministry, 15 Taliban fighters were also killed and 12 were wounded.

  • Biden lawyers remind Kamala Harris' niece that she can't profit off aunt's name

    Biden's transition team lawyers have reminded Vice President-elect Kamala Harris' niece, Meena, that she can't profit off her famous aunt's image, after she unveiled a collaboration between her company and Beats By Dre.Why it matters: Following Republican attacks, President-elect Joe Biden pledged that neither his family nor Harris' would profit from their service as president and vice president. Be smart: sign up FREE for the most influential newsletter in America. * While Meena Harris did nothing illegal, it underscored the challenge of keeping relatives in line, and of adhering to the higher ethical standards that the incoming administration has pledged.The backdrop: The specially curated products come in a black box and include a black hoodie emblazoned with the word AMBITIOUS on the front; a Bluetooth speaker with the word PHENOMENAL across it; and the over-ear headphones. * Ambitious refers to the criticism some leveled against Harris — who was a first-term senator — as Biden weighed a variety of female candidates to be his running mate. * Phenomenal is a female-powered lifestyle brand of which Meena Harris is CEO.The spine connecting the two earpieces reads, "The First But Not The Last," an apparent reference to Kamala Harris' becoming the first female vice president. * While the products are not for sale, they were gifted to influencers and celebrities ahead of the inauguration.The team surrounding the incoming vice president was not made aware of the collaboration in advance, people familiar with the situation told Axios. The lawyers followed up and told Meena Harris that she — like anyone else — cannot profit off of Harris' image or likeness once she becomes vice president. * Meena Harris's team did not respond to a request for comment. * Meena is the daughter of Kamala Harris' sister, Maya.Between the lines: The optics of Meena Harris' business ventures are especially challenging after Democrats spent four years criticizing business deals involving President Trump and his children, and after Biden's public pledge to avoid any influence-peddling. * “My son, my family will not be involved in any business, any enterprise that is in conflict with or appears to be in conflict,” he said last year. * In December, lawyers for the presidential transition team started "drafting new rules for the Biden White House that are likely to be more restrictive than the rules that governed the Obama administration," per the Washington Post. The bottom line: Phenomenal has sold several other items inspired by Kamala Harris since Biden announced her as his running mate. * They include a sweatshirt with "MVP" on it, standing for "Madam Vice President," and another with the phrase "I'm speaking" on the front — a nod to a moment when Kamala Harris complained about being interrupted during a vice-presidential debate. * After Kamala Harris received the "too-ambitious" criticism, her niece created and sold a pink sweatshirt with "AMBITIOUS" written on the front. * “I look at her as another figure in history and someone to be celebrated,” she said of her aunt during an interview with the New York Times.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here.

  • Less than 40 percent of Trump voters want the coronavirus vaccine, poll finds

    A person's 2020 presidential vote is proving the biggest indicator of whether or not they want a coronavirus vaccine.People who supported President-elect Joe Biden in November are overwhelmingly in favor of getting the COVID-19 vaccine, with 79 percent saying they want it and 4 percent saying they've already gotten it, an NPR/PBS Newshour/Marist poll out Tuesday shows. Meanwhile just 39 percent of voters who backed President Trump say they want the vaccine and a similar 4 percent have already gotten it.Marist asked adults whether they'd get a COVID-19 vaccine if it was made available to them. Support for getting the vaccine was clearly divided along party lines, with 75 percent of Democrats saying they wanted the vaccine but just 43 percent of Republicans saying the same. Democratic men were the most likely of any demographic — race, region, income, education, age, or generation — to want the vaccine, at 85 percent. Meanwhile the smallest percentage of adults who said they wanted the vaccine were Trump voters.Also among groups who had a low percentage of vaccine support were Gen Xers — just 49 percent of Americans age 40-55 want the vaccine, the poll found. Republican women and people who live in small towns were not very likely to want the vaccine, with just 41 and 51 percent saying they would like it, respectively. Trump has so far not publicly said if he has gotten the vaccine, but has underplayed the seriousness of the virus for the past year.Marist surveyed 1,173 American adults from Jan. 11–13 via landline and mobile phone, with a margin of error of 3.5 percentage points.More stories from theweek.com Trump issues last-minute order attempting to free his appointees from ethics commitments 5 more scathing cartoons about Trump's 2nd impeachment Trump's final mention of the pandemic as president includes racist conspiracy theory, downplayed deaths, and no regrets

  • Thousands of pro-Trump crowds have gathered since he took office. No state has had more than California

    Despite its reputation as a leader of resistance, California saw more pro-Trump crowds than any other state during the president's term in office.

  • Supreme Court justices lean toward FCC bid to loosen media ownership rules

    Conservative U.S. Supreme Court justices signaled sympathy on Tuesday toward a bid by President Donald Trump's administration, backed by broadcast companies, to loosen regulations that critics have said promote a diversity of views in local broadcast media and ownership by racial minorities and women. During arguments by teleconference in the case, conservative justices asked questions that appeared to indicate they believe the Federal Communications Commission did not overstep its authority in repealing certain media ownership regulations in 2017. The justices were considering appeals by the FCC, companies including News Corp, Fox Corp and Sinclair Broadcast Group Inc and the National Association of Broadcasters of a lower court ruling that blocked the rule changes for failing to consider the effects on ownership diversity.

  • India starts supplying COVID-19 shots to neighboring nations

    India began supplying coronavirus vaccines to its neighboring countries on Wednesday, as the world’s largest vaccine making nation strikes a balance between maintaining enough doses to inoculate its own people and helping developing countries without the capacity to produce their own shots. India's Foreign Ministry said the country would send 150,000 shots of the AstraZeneca/Oxford University vaccine, manufactured locally by Serum Institute of India, to Bhutan and 100,000 shots to the Maldives on Wednesday. India's ambassador to Nepal, Vinay Mohan Kwatra, said Wednesday that New Delhi would supply Nepal with 1 million doses free of charge, with the first to arrive as early as Thursday.

  • Ashley Biden: 'I will not have job in my father's administration,' unlike Ivanka Trump

    Joe Biden’s daughter Ashley has said she will not have a job in her father's administration, unlike Ivanka Trump, in her first interview since the election. The only child of President-elect Biden and wife Jill, Ashley, a 39-year-old social worker in Delaware, said she instead wanted to use her new platform to ”advocate for social justice and mental health.” “I will not have a job in the administration,” she told NBC's Today Show, in what could be seen as a jibe at the current First Daughter, who, along with husband Jared Kushner, had adviser roles in the White House. “I do hope to bring awareness and education to some topics, subjects that are, you know, really important.” Ms Biden, who is married to plastic surgeon Howard Krein, was active in her father's presidential campaign, speaking at the 2020 Democratic National Convention, and hosting an event for women in Wisconsin.

  • Fox News contributors choke up talking about the importance of Kamala Harris being the first Black woman VP

    Liberal Fox News contributor Richard Fowler choked up during an appearance on the network as he marveled at the numerous glass ceilings broken by Vice President Kamala Harris on Wednesday."One part [of the inauguration] that caused me to get real emotional was, we've been a country for 243 years, and in all those 243 years, we have had women citizens but we have never had a woman hold national office," Fowler said, his voice breaking as he went on. "So to see Kamala Harris put her hand on the Bible today -- also being her and I are of Jamaican descent, and I just think about my grandmother and my mom and so many other women who saw this, and so many young girls who can finally believe that they can be president, too, because of what we did as a country back in November."> Fox News contributor Richard Fowler gets emotional when talking about Kamala Harris being the first woman VP, and how it makes him think about his grandmother and mom, who like Harris are of Jamaican descent pic.twitter.com/Wdlo8Ca3uh> > -- Aaron Rupar (@atrupar) January 20, 2021Fowler was not the only contributor on Fox News on Wednesday to be audibly moved by the significance of Harris' oath. Political analyst Juan Williams also emotionally explained, "It's visceral, and I'll tell you why. I have granddaughters, I'm the son of a Black mother -- you think about American history, you think about the status of Black women in this country for most of our history. And the idea that a Black woman would assume such power in this moment as a national leader -- truly inspiring." > Fox News' Juan Williams gets choked up talking about Kamala Harris:> > "You think about the status of Black women in this country for most of our history. And the idea that a Black woman would assume such power in this moment as a national leader, truly inspiring." pic.twitter.com/K13K0Q1vVX> > -- Parker Molloy (@ParkerMolloy) January 20, 2021More stories from theweek.com Bernie Sanders steals the inauguration with his grumpy chic outfit Avril Haines confirmed as director of national intelligence Cheap, 'generic' drug reduces COVID-19 death risk by 75 percent, trials suggest