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Category: Economy

The US Economy

Americans Keep Migrating to States With Better Economies
Posted inEconomy

Americans Keep Migrating to States With Better Economies

USNN World Newsby USNN World NewsJanuary 10, 2025February 18, 2025
Costco Sales Jump on a Shift in the Holiday Shopping Season
Posted inEconomy

Costco Sales Jump on a Shift in the Holiday Shopping Season

USNN World Newsby USNN World NewsJanuary 9, 2025January 9, 2025
US Private Sector Job Growth Slowed in Final Month of 2024
Posted inEconomy

US Private Sector Job Growth Slowed in Final Month of 2024

USNN World Newsby USNN World NewsJanuary 8, 2025January 8, 2025
New York City’s Congestion Pricing Plan Starts on Jan. 5: Everything You Need to Know
Posted inEconomy

New York City’s Congestion Pricing Plan Starts on Jan. 5: Everything You Need to Know

USNN World Newsby USNN World NewsJanuary 5, 2025February 5, 2025
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.
Posted inEconomy

US Dollar Index Hits Highest Level in 2 Years, Euro Falls

USNN World Newsby USNN World NewsJanuary 3, 2025June 19, 2025
Economists Discuss the Case of Sticky Inflation as US Moves Into 2025
Posted inEconomy

Economists Discuss the Case of Sticky Inflation as US Moves Into 2025

USNN World Newsby USNN World NewsDecember 31, 2024January 1, 2025
US Credit Card Defaults Reach Highest Point Since 2010
Posted inEconomy

US Credit Card Defaults Reach Highest Point Since 2010

USNN World Newsby USNN World NewsDecember 30, 2024December 30, 2024
US Trade Deficit Rises to More Than $100 Billion
Posted inEconomy

US Trade Deficit Rises to More Than $100 Billion

USNN World Newsby USNN World NewsDecember 30, 2024March 14, 2025
Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury to Employ ‘Extraordinary Measures’
Posted inEconomy

Yellen Says US Will Hit Debt Ceiling Mid-January, Forcing Treasury to Employ ‘Extraordinary Measures’

USNN World Newsby USNN World NewsDecember 29, 2024February 18, 2025
Economic Outlook for South Carolina: A Slow Brightening for 2025
Posted inEconomy

Economic Outlook for South Carolina: A Slow Brightening for 2025

USNN World Newsby USNN World NewsDecember 27, 2024December 27, 2024
US Home Prices Register 3rd Consecutive Monthly Gain
Posted inEconomy

US Home Prices Register 3rd Consecutive Monthly Gain

USNN World Newsby USNN World NewsDecember 26, 2024December 26, 2024
DOGE to Take on Pentagon’s $895.2 Billion Budget
Posted inEconomy

DOGE to Take on Pentagon’s $895.2 Billion Budget

USNN World Newsby USNN World NewsDecember 25, 2024May 20, 2025

Posts pagination

Newer posts 1 … 18 19 20 21 22 … 102 Older posts

NATIONAL NEWS

  • Major developments in key statesMajor developments in key states
    By Newsmax TV https://youtu.be/zMDtOtGFrYg Lawyer Sidney Powell provides insight into election irregularities, potential illegal actions and more – via ‘Greg Kelly Reports.’
  • Election Contest Claims 15,000 Voters in Nevada Also Voted Outside the StateElection Contest Claims 15,000 Voters in Nevada Also Voted Outside the State
    By Mimi Nguyenly Nevada’s Republican Party announced a new election contest on Tuesday to “throw out fraud and ensure election integrity,” citing a slew of alleged voting ...
  • Third Georgia County Finds Memory Card With Uncounted VotesThird Georgia County Finds Memory Card With Uncounted Votes
    By Ivan Pentchoukov A third county in Georgia discovered a memory card with uncounted votes, a majority of which were cast for President Donald Trump, according to ...
  • Report: More than 300,000 People Have Fled New York City Due to Coronavirus, CrimeReport: More than 300,000 People Have Fled New York City Due to Coronavirus, Crime
    By Katherine Rodriguez More than 300,000 people have fled New York City over the past eight months because of rising crime rates and the coronavirus ...
  • Election Voting Machine Secrets Revealed: Dominion Ties to Scytl, SmartmaticElection Voting Machine Secrets Revealed: Dominion Ties to Scytl, Smartmatic
    By Beyond The Noise In the wake of evidences suggesting that Dominion voting machines may run risks and potentially be involved in vote switching in ...
  • 2 Charged With Voter Fraud, Allegedly Submitted 8,000 Fraudulent Registration Applications2 Charged With Voter Fraud, Allegedly Submitted 8,000 Fraudulent Registration Applications
    By Jack Phillips Two men were arrested and charged in Southern California on voter fraud charges after they allegedly submitted thousands of fraudulent voter registration applications on ...
  • FEC Chairman: If Sidney Powell Says There Was Rampant Voter Fraud, ‘I Believe Her’FEC Chairman: If Sidney Powell Says There Was Rampant Voter Fraud, ‘I Believe Her’
    By Tom Ozimek Trey Trainor, head of the Federal Election Commission (FEC), said in a tweet Tuesday that he believes Trump campaign lawyer Sidney Powell’s claim of widespread ...
  • Dominion Part of Council That Disputed Election Integrity Concerns in DHS StatementDominion Part of Council That Disputed Election Integrity Concerns in DHS Statement
    By Jeff Carlson Dominion Voting Systems used statement, which obscured company’s council membership, to dispute concerns over voting systems. After allegations emerged that called into questioned ...
  • Dominion Confirms Clinton Foundation Donation, Pelosi Staffer LinkDominion Confirms Clinton Foundation Donation, Pelosi Staffer Link
    By Jack Phillips Dominion Voting Systems has refuted claims about being biased toward Democratic officials during the Nov. 3 election, including allegations about a raid ...
  • Whistleblower Alleges Software Manipulated Votes to Change Venezuelan Election ResultsWhistleblower Alleges Software Manipulated Votes to Change Venezuelan Election Results
    By Charlotte Cuthbertson WASHINGTON—Trump campaign lawyer and former federal prosecutor Sidney Powell released an affidavit on Nov. 16, from an alleged whistleblower who claims to ...
  • Pence to Campaign in Georgia With GOP Senators Facing RunoffsPence to Campaign in Georgia With GOP Senators Facing Runoffs
    By Zachary Stieber Vice President Mike Pence will campaign in Georgia with Sens. Kelly Loeffler (R-Ga.) and David Perdue (R-Ga.) as they try to convince voters to choose them ...
  • Nevada County Tosses Local Election Result Citing 139 DiscrepanciesNevada County Tosses Local Election Result Citing 139 Discrepancies
    BY IVAN PENTCHOUKOV Nevada’s Clark County on Monday tossed the results of a local election after a canvass unearthed 139 discrepancies in a district on a ...
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