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By Lily Sun and William Huang
DEWEY BEACH, Del.—Computer repair store owner, John Paul Mac Isaac—who was caught up in the Hunter Biden laptop scandal—was unable to attend ...
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By Allan Stein
MESA, Ariz.—The hour is late and the choice for the United States is clear, former President Donald Trump told thousands of fired-up supporters during ...
- Former Democrat Congresswoman Tulsi Gabbard Leaving Party
By Zachary Stieber
Former Rep. Tulsi Gabbard (D-Hawaii) announced on Oct. 11 that she’s leaving the Democrat Party.
In two videos, Gabbard said the move is driven in ...
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By Autumn Spredemann
As the strained U.S. electric grid labors under the soaring demand for renewable energy, green hydrogen is ramping up and has stepped into the ...
- Plaintiffs to Seek Depositions of Top Biden Administration Officials in Big Tech Censorship Case
By Zachary Stieber
Plaintiffs in a case charging that the Biden administration was deeply involved in censoring users across Big Tech platforms are preparing to ask a ...
- Trump Says Republicans Should Clarify Their Support for Exceptions to Abortion Bans
By Naveen Athrappully
Former President Donald Trump said Republicans need to do a better job of explaining their positions on abortion—with exceptions for rape, incest, and ...
- New Rule Requires Firearms Dealers to Disclose Buyer Information to Government
By Naveen Athrappully
A new policy was implemented last week by the FBI’s National Instant Criminal Background Check System (NICS), which seeks to collect the ...
- ‘DOJ Will Come After You’ If It Disagrees With Your Position, Says Subpoenaed Nonprofit
By Steve Lance and Naveen Athrappully
The Department of Justice (DOJ) has issued a subpoena to Alabama-based conservative non-profit Eagle Forum for exercising its constitutionally ...
- Sharp Rise in Marijuana-Related Psychosis: American Board of Pain Medicine President
By Masooma Haq and Cindy Drukier
As drug legalization groups and the cannabis industry lobby to legalize cannabis across the United States, with initiatives to legalize marijuana on ...
- National Guard Lost 7,500 Service Members in Past Year, Could Lose More Amid COVID-19 Vaccine Mandate: Service Officials
By Mimi Nguyen Ly
The National Guard lost about 7,500 members over the past year, and membership could dwindle even more due to potential future discharges of ...
- Universal Mail-In Voting Violates Delaware Constitution: Delaware Supreme Court
By Zachary Stieber
Delaware’s new law that allows voting by mail regardless of reason violates the state Constitution, the Delaware Supreme Court ruled on Oct. ...
- 47 New Biden Administration Defendants Named in Government–Big Tech Censorship Lawsuit
By Zachary Stieber
Nearly 50 new government defendants have been added to the lawsuit that alleges the government induced censorship of state officials and others on social ...
![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 9")
