- Billionaire Republican buys major Twitter stake, may oust CEO amid GOP concerns of bias, reports say
By Gregg Re | Fox News
A billionaire Republican megadonor has purchased a “sizable” stake in Twitter and “plans to push” to oust CEO Jack Dorsey among other changes, according ...
- Tom Steyer ends campaign after Biden wins South Carolina primary
By Adam Shaw, Nick Givas | Fox News
Billionaire and environmental activist Tom Steyer ended his presidential bid on Saturday, after what appears to be a third-place finish in South ...
- Buttigieg exits presidential race ahead of Super Tuesday, cementing collapse after strong Iowa showing
By Gregg Re | Fox News
Pete Buttigieg told supporters he’s ending his presidential campaign on Sunday, campaign sources confirmed to Fox News, in an abrupt and surprising pullout ...
- Warren declares contested Democratic National Convention the ‘final play’
By Gregg Re | Fox News
In a head-turning memo Sunday, Sen. Elizabeth Warren’s campaign declared that “the reality of this race” is that “no candidate will likely have a ...
- Charlie Kirk blasts Bernie Sanders, says Dem frontrunner ‘does not believe private property is a right’
By Victor Garcia | Fox News
Turning Point USA founder Charlie Kirk explored the progressive movement and the rise of Democratic presidential frontrunner Bernie Sanders on “Life, Liberty & Levin” Sunday, ...
- Chris Matthews absent from MSNBC’s primary coverage after sexism allegations, on-air slip-ups
By Brie Stimson | Fox News
MSNBC’s Chris Matthews was noticebaly absent from the network’s South Carolina primary coverage Saturday evening, one day after being accused of “sexist” behavior by a former network ...
- Dems’ investigations flatline, despite vows to pursue Trump after Senate impeachment trial
By Gregg Re | Fox News
Despite their dire warnings earlier this year that President Trump’s foreign policy endangered the United States and assured that the 2020 elections would ...
- Biden calls SC primary ‘real comeback’ as he sets sights on Super Tuesday
By Andrew O’Reilly | Fox News
Former Vice President Joe Biden called his victory in Saturday night’s South Carolina Democratic primary “a real comeback” as he looks to carry momentum into ...
- Trump fires up CPAC: President blisters 2020 Democrats, rips ‘low life’ Romney
By Brooke Singman | Fox News
NATIONAL HARBOR, Md. — President Trump rallied the core of the conservative activist base Saturday with a fiery address mercilessly mocking ...
- Polls to close in South Carolina primary as Biden seeks crucial first win
By Adam Shaw, Paul Steinhauser | Fox News
Polls will close soon in Saturday’s South Carolina Democratic presidential primary — a race which is a must-win for former Vice President Joe ...
- Trump sets new travel restrictions over coronavirus, considering southern border shutdown
By Marisa Schultz | Fox News
President Trump authorized new travel restrictions and warnings Saturday – and said he’s even looking at closing the southern border – in ...
- AOC warns Bloomberg would be ‘a worse Trump’ if elected president
By Mark Moore | New York Post
Rep. Alexandria Ocasio-Cortez warned that electing Mike Bloomberg in November would pave the way for another candidate who could be “even worse” than President Trump.
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")
