- Rioting across the nation leaves cities reeling as hundreds arrested, National Guard called in, businesses damaged and at least 3 dead
By Caitlin McFall, Dom Calicchio | Fox News
Dozens of cities across the United States were left early Sunday to assess the toll of a grim night of violent ...
- SpaceX makes history, launches NASA astronauts into space from US soil for the first time since 2011
By James Rogers | Fox News
SpaceX has launched NASA astronauts Doug Hurley and Bob Behnken on their historic Demo-2 mission to the International Space Station (ISS). The mission is the ...
- Chris Cuomo’s ratings plummet as Americans tire of brothers’ schtick
By New York Post
Americans have spoken with their clickers — and they’re sick of Chris and Andrew Cuomo show.
Chris Cuomo yuks it up with ...
- Minnesota requests more help as riots continue there — and across US
By Dom Calicchio | Fox News
The state of Minnesota has requested an additional 1,200 National Guard soldiers be deployed after rioting broke out once again Friday night following the death of George ...
- CNN headquarters in Atlanta vandalized by protesters after George Floyd death
By Joseph A. Wulfsohn | Fox News
A protest erupted outside CNN’s headquarters in Atlanta on Friday amid nationwide demonstrations following the death of Minneapolis man George Floyd, with many of ...
- CNN’s Van Jones says ‘white, liberal Hillary Clinton supporter’ more worrisome than KKK
By Brian Flood | Fox News
CNN’s Van Jones said a “white, liberal Hillary Clinton supporter” could pose a bigger threat to African Americans than the Ku Klux Klan on Friday ...
- Minneapolis cop who knelt on handcuffed black man George Floyd charged with 3rd degree murder, manslaughter
By Barnini Chakraborty | Fox News
Derek Chauvin, the Minneapolis police officer seen kneeling on George Floyd’s neck until he could not breathe, has been charged with 3rd degree murder and ...
- Biden’s head-turning comments on Asians resurface amid former VP’s attacks on Trump ‘xenophobia’
By Gregg Re | Fox News
Republicans are highlighting Joe Biden’s past head-turning comments concerning Asian Americans after the former vice president co-authored an op-ed this week accusing President ...
- Trump blasts Minneapolis mayor, vows military support if needed
By Edmund DeMarche | Fox News
President Trump took to Twitter early Friday to vow military support for the governor of Minnesota after another night of violent protest ...
- Dems’ ‘unmasking’ spree now gets special investigator
By WND Staff
That spree of “unmasking” by Democrats at the end of the Obama administration will get a special review.
A document declassified this month ...
- PBS film that was linked to China propagandist being pulled
By WND Staff, Chuck Ross
Daily Caller News Foundation
PBS pulled a documentary produced in association with a Chinese foreign agent over concerns that it did ...
- MSNBC analyst’s smear of Florida governor hasn’t aged well
By WND Staff
Claiming five Democratic governors were making decisions rooted in “fact-based truth,” MSNBC contributor Mike Barnicle slammed Republican Florida Gov. Ron DeSantis’ restrained ...
![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")
