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By Steven Kovac
WASHINGTON, Michigan—An overflow crowd turned out on April 2 to hear former president Donald Trump campaign for attorney general candidate Matt DePerno ...
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By Jack Phillips
Democrats on the House Oversight Committee blocked a Republican-backed subpoena to compel Hunter Biden to testify as a witness.
“Democrats just denied our motion to subpoena Hunter ...
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By Petr Svab
News Analysis
States that instituted more severe COVID-19 lockdowns have put a drag on recovery in a labor market desperate for hires.
With the onset of ...
- South Dakota Gov. Kristi Noem Signs Legislation Restricting Teaching of Critical Race Theory in K-12 Schools
By Katabella Roberts
South Dakota Gov. Kristi Noem signed an executive order on April 5 that will restrict the teaching of block critical race theory (CRT) in K-12 education in ...
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By Jack Phillips
Special counsel John Durham published potentially conclusive evidence in the case against former Clinton campaign lawyer Michael Sussmann on Monday night, showing alleged text ...
- Oops! AOC’s campaign fails to disclose $1 million in spending
By Bob Unruh
U.S. Rep. Alexandria Ocasio Cortez, D-N.Y., or AOC as she’s more widely known, has a history of wild statements and actions.
Recently she ...
- ‘Watch them sweat:’ Speculation swirls as Elon Musk becomes largest Twitter shareholder
By Joe Saunders, The Western Journal
The worlds of high finance and social media collided Monday with the news that South African billionaire Elon Musk ...
- Trump Endorses Sarah Palin for Alaska Congressional Seat
By Zachary Stieber
Former President Donald Trump has endorsed former Alaska Gov. Sarah Palin after she announced a bid for the congressional seat left vacant by a sudden death.
“Wonderful patriot Sarah ...
- Court Rules California’s Corporate Diversity Law Unconstitutional
By Mimi Nguyen Ly
A Los Angeles court determined on April 2 that a California law requiring certain workplace boardroom quotas of underrepresented communities is unconstitutional.
Conservative watchdog ...
- Clinton Campaign, DNC Are Paying FEC Fines in an Effort to Bury Story: Kash Patel
By Masooma Haq and Jan Jekielek
The lead investigator for the House Intelligence Committee’s 2018 probe into the FBI’s investigation of alleged Trump–Russia collusion, Kash Patel, said the fact ...
- Biden Admin Reverses Trump Fuel Efficiency Rules, New Vehicles Must Average 49 Miles per Gallon by 2026
By Mimi Nguyen Ly
The Biden administration announced on April 1 it is raising requirements for fuel efficiency, reversing a rollback by the Trump administration.
New vehicles ...
- NIH Admits it ‘Suppressed’ Wuhan Lab Genetic Data, but Disputes Watchdog’s ‘Deleted’ Label
By Mark Tapscott
A National Institutes for Health (NIH) spokesman is disputing a non-profit watchdog group’s claim that the agency “deleted” genetic sequencing data on ...
![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 7")
