- Twitter Suspends Media Site’s Account for Posting Video of Congressman Criticizing Big Pharma
By Jack Phillips
Media company Grabien News has been suspended by Twitter for posting a video of a U.S. congressman criticizing pharmaceutical corporations, its founder said.
Grabien founder ...
- Statistics Show America’s Education System is Failing: CRT and Lower Expectation Equals Fewer Literate Graduates, Expert Says
By Patricia Tolson
According to government statistics, America’s education system is failing. According to one expert, lower expectations and the shift in focus from academic excellence in ...
- More Than 2,200 Flights Canceled on Jan. 2 Amid COVID-19 Staffing Issues, Snowstorm
By Jack Phillips
More than 2,200 flights have been canceled on Jan. 2, the day after New Year’s, amid staffing shortages and poor weather conditions in some ...
- Texas Audit Finds Over 11,000 Potential Non Citizens Registered to Vote, Other Problems
By Darlene McCormick Sanchez
Voting irregularities—including potentially thousands of votes cast by non-citizens and the dead—were reported during the first phase of the Texas Secretary of State’s forensic audit of ...
- 2022 California Congressional Candidate Amy Phan West Running Against Socialism
By Masooma Haq
Amy Phan West is running in the 2022 midterm elections to unseat progressive Rep. Katie Porter (D-Calif.) in California’s 45th congressional district. Pham West ...
- 206 Marines Kicked Out for Refusing COVID-19 Vaccines
By Harry Lee
The Marine Corps has separated 206 Marines for not getting the COVID-19 vaccine, the military branch announced Thursday.
Active-duty Marines had a deadline to get ...
- From Bitcoin to Gold: A Peek at Real Assets in 2022
By Andrew Moran
Many assets, from Bitcoin to gold to wheat, enjoyed a tremendous rally in 2021. Can these assets repeat their strong performances in 2022?
This past ...
- Highly Vaccinated Luxury Cruise Ship Won’t Return to New York Amid COVID-19 Concerns
By Jack Phillips
A luxury cruise ship with more than 1,000 on board won’t come back to New York City amid COVID-19 concerns.
The Queen Mary 2, the ...
- Twitter Suspends Key mRNA Vaccine Contributor Dr. Robert Malone
By Jack Phillips
Dr. Robert Malone, a key contributor to mRNA vaccine technology and an outspoken critic of COVID-19 mandates and rules, was suspended by Twitter.
Writing on his ...
- CNN Says Producer Resigned Same Day Allegations of Potential Child Abuse Surfaced
By Zachary Stieber
CNN producer Rick Saleeby resigned on Dec. 15, the same day CNN was made aware of allegations that he fantasized about abusing a ...
- Arizona Drug Bust Nets 1.7 Million Deadly Fentanyl Tablets, Fake Pills
By Allan Stein
A joint federal and local drug task force seized in mid-December a record 1.7 million fentanyl pills in a sweeping crackdown on illegal drugs ...
- Judge for Ghislaine Maxwell Trial ‘Trying to Avoid a Mistrial’ Over Omicron
By Dave Paone
NEW YORK CITY—The judge presiding over the Ghislaine Maxwell sex trafficking trial has asked jurors to continue attending court ahead of the New Years ...
![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 10")
