- Supreme Court Orders Review of California Restrictions on Churches
By Zachary Stieber
The Supreme Court on Thursday ordered a review of restrictions the state of California has imposed on churches amid the COVID-19 pandemic.
In an unsigned order, justices said the U.S. ...
- Trump Lawyers: 1,500 Dead Voters Cast Ballots, 40,000 Voted Twice in Nevada
By Jack Phillips
President Donald Trump’s lawyers presented claims of voter fraud to a Nevada state court in Carson City Thursday, arguing that tens of thousands of ...
- Firm That Conducted ‘Audit’ of Georgia Voting Machines Has Long History With Dominion
By Jeff Carlson
News Analysis
The firm hired by Georgia’s secretary of state to conduct an “audit” of Dominion Voting Systems technology used during the 2020 elections is the ...
- Voting Machine USB Drives Had Totals Altered Overnight, Witness in Nevada Election Contest Alleges
By Ivan Pentchoukov
A witness brought forward by the Trump campaign in its election contest in Nevada alleged that the memory disks used to store vote totals from election ...
- Witness on Verge of Tears Testifying About Intimidation, Harassment at Detroit Vote Processing Center
By Melanie Sun
Detroit local Jessy Jacob was on the verge of tears on Dec. 2 as she testified during a Lansing, Michigan, hearing about the ...
- Trump: Barr, DOJ ‘Haven’t Looked Very Hard’ Into Election Fraud
By Jack Phillips
President Donald Trump told reporters Thursday that Attorney General William Barr hasn’t “looked very hard” to investigate allegations of election fraud, coming several days ...
- Georgia Video Footage Allegedly Shows Poll Workers Staying Behind, Producing ‘Suitcases of Ballots’
By Jack Phillips
President Donald Trump’s legal team on Dec. 3 presented surveillance footage at a Georgia state legislature hearing that appears to show ballot-counting workers telling ...
- Missouri Lawmaker Calls on AG to Prosecute Dominion Voting System Over Taxes
By Jack Phillips
Company disputes claim, says it ‘paid its taxes in full’ in the state.
A Missouri state lawmaker called on Attorney General Eric Schmitt to prosecute Dominion Voting ...
- Ex-CIA Officer Alleges That Election Irregularities Could Be Part of a Big Scheme
By Allen Zhong
Gary Berntsen, a former Central Intelligence Agency (CIA) career officer who worked on various counterterrorism deployments, worries that the irregularities that happened ...
- Sidney Powell’s Election Lawsuit in Georgia Gets Expedited Appeal
By Zachary Stieber
A federal appeals court agreed on Wednesday to expedite the appeal in a case brought by lawyer Sidney Powell against election officials in Georgia.
A judge ...
- Thousands of Ballots Were Scanned Numerous Times in Dominion Machines: Contractor Witness
By Isabel Van Brugen
A Dominion Voting Systems contractor who worked at Detroit’s TCF Center on Election Day testified before the Michigan House Oversight Committee on Dec. 2 that ...
- Attorney Lin Wood Seeks More GOP Support in Fight Against Election Fraud
By Petr Svab
One of the lawyers leading a legal battle over election results in several states has criticized the Republican Party over a lack ...
![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")
