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By Charles Creitz | Fox News
Former VP is ‘lying straight to your face’ when he denies discussing overseas business with son, Fox News host claims.
The New York ...
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By Megan Henney FOXBusiness
The correspondence is contained in a massive trove of data recovered from a laptop.
‘The whole thing is insane. Joe Biden is a ...
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By Maxim Lott | Fox News
Experts warn that adding court seats has been attempted in other countries, often with disastrous results.
The concept of adding more seats to ...
- Twitter locks official Trump campaign account over sharing Hunter Biden video
By Marisa Schultz, Brooke Singman | Fox News
Trump campaign fires back: ‘This is election interference, plain and simple’.
Twitter suspended the official account of the Trump campaign on Thursday, saying ...
- Thousands of Pennsylvania voters sent wrong mail-in ballots
By Brittany De Lea | Fox News
Tens of thousands of voters in the critical battleground state of Pennsylvania will receive reissued mail-in ballots after being sent the wrong ...
- Facebook and Twitter reducing distribution of New York Post Hunter Biden story
By Audrey Conklin, Paul Conner, Nick Givas FOXBusiness
Facebook and Twitter limited the distribution of a story in the New York Post about a purported email between Hunter Biden and an ...
- Exodus leads to massive rent declines in expensive cities
By Brittany De Lea FOXBusiness
NYC and the Bay Area saw rents drop significantly more in September than the national average.
Some of the country’s largest cities ...
- Texas Republicans challenge curbside, drive-thru voting in new lawsuit
By Megan Henney | Fox News
Lawsuit seeks to halt drive-thru voting program, limit curbside voting.
The Texas Republican Party filed a lawsuit Monday night challenging a decision by the state’s ...
- Ex-Facebook exec warns social media ‘threat to democracy,’ may spark civil war
By Brian Flood | Fox News
‘The attention-based business model of social media companies is a threat to democracy,’ Tim Kendall says.
Media Angle is a column offering ...
- Whitmer kidnapping plot suspects also discussed abducting Virginia governor
By Danielle Wallace | Fox News
Members of anti-government paramilitary groups allegedly discussed kidnapping Virginia’s governor during a June meeting in Ohio, an FBI agent testified Tuesday during ...
- More gaffes from Biden prompt Trump to say former VP’s ‘dementia’ is worsening
By Audrey Conklin | Fox News
President Trump criticized 2020 Democratic presidential nominee Joe Biden’s memory in a Tuesday tweet.
The president’s tweet came after the former vice president made a ...
- Will All The Name-Brand People Who Pushed The Russian Collusion Conspiracy Get Off Scot-Free?
By Drew Holden
The Russian collusion hoax has fallen apart more every day. And we haven’t heard a word of comment from any of the ...
![Strong labor data and positive expectations about the incoming Trump administration pushed the U.S. dollar to a two-year high on Thursday. The U.S. dollar iIndex hit a high of 109.53 on Jan. 2, the first trading day of the year, and the highest since November 2022. The jump came as data released on Thursday by the U.S. Department of Labor showed that initial jobless claims hit an eight-month low, suggesting a robust labor market, which is a positive sign for the overall economy. The dollar index was trading slightly lower on Friday at 108.96 as of 08:30 a.m. EST. The dollar index increase is also supported by investor confidence in the upcoming Trump administration, which assumes power this month. According to a recent survey by consulting company Teneo, “global CEOs and investors are optimistic about the economic impact of a second Trump administration, outweighing concerns about tariffs, geopolitical tensions, and trade barriers.” Story continues below advertisement In fact, “50 percent of global CEOs are accelerating activities in areas such as domestic and international investment and hiring based on the outcome of the 2024 U.S. election,” it said. While the dollar strengthened, the euro and sterling declined on Thursday. The euro fell to its lowest level in more than two years while the sterling declined to its lowest in eight months. A Dec. 17 report from JP Morgan predicts the U.S. dollar to reach even new highs over the coming months. Related Stories How Major US Stock Indexes Fared Jan. 2 1/2/2025 How Major US Stock Indexes Fared Jan. 2 Americans Have Hopes Trump Will Deliver on Immigration, Economy, Safety: Gallup 1/2/2025 Americans Have Hopes Trump Will Deliver on Immigration, Economy, Safety: Gallup “November’s election outcome has given way to lower global growth expectations, wider growth gaps between the U.S. and the rest of the world, and higher terminal federal funds rate forecasts for 2025—the perfect trifecta of bullish U.S. dollar cyclical impulse,” said Meera Chandan, co-head of Global FX Strategy at the company. “These are early first-order reactions that may give way to deeper rethinks once the full set of Trump administration policies are known next year [2025], but for now, they constitute a solid economic rationale for carrying a long U.S. dollar stance into the first quarter of 2025.” JP Morgan sees the euro’s outlook as bearish, noting the eurozone is especially vulnerable to trade conflicts. And while sterling was the best-performing currency against the dollar last year, such an outperformance is not expected this year, it said. US Economy Performance in 2025 With President-elect Donald Trump set to take power in less than three weeks, there are mixed views about how things could shape up for the American economy. According to a Dec. 9 post by Morgan Stanley, markets are “bullish on Trump’s second term, hoping for tax cuts and better growth.” “We expect no net stimulus and a decent size hit from tariffs and immigration. This should be bullish for bonds as the Fed continues cutting, but could be a disappointment for frothy stocks,” it said. Regarding tariffs, the most likely outcome is a 20 percent hike on Chinese imports and on vehicles from Mexico and the European Union, Morgan Stanley said. Story continues below advertisement It predicts the U.S. Federal Reserve to continue cutting interest rates to a range of 3 percent 3.5 percent by the end of 2025. S&P Global is forecasting the U.S. economy to grow by 2 percent in 2025 and 2026, following an estimated growth of 2.7 percent last year. The company sees inflation to likely remain above the 2 percent level for “longer than we previously thought.” Goldman Sachs predicts the U.S. economy to “beat expectations” this year. “The U.S. economy is in a good place,” said David Mericle, an economist with the company. “Recession fears have diminished, inflation is trending back toward 2 percent, and the labor market has rebalanced but remains strong.” While Trump’s policy changes are likely to be “significant,” Mericle does not see these actions changing the trajectory of the economy substantially. Goldman foresees the Fed reducing interest rates to a range of 3.25–3.50 percent, with the U.S. GDP predicted to grow by 2.5 percent. There have been three consecutive quarters of economic growth in the first nine months of 2024—1.6 percent in the first quarter, 3 percent in the second, and 3.1 percent in the third.](https://www.usnn.news/wp-content/uploads/2025/01/US-Dollar-Index-Hits-Highest-Level-in-2-Years-Euro-Falls-jpg.webp "US Dollar Index Hits Highest Level in 2 Years, Euro Falls | USNN World News")
