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By Zachary Stieber
Ten states are suing President Joe Biden for his executive order directing all federal agencies to commence work on what he describes as “the ...
- Dershowitz: Maxine Waters’ Tactics Similar to Those Used by Ku Klux Klan
By Zachary Stieber
Rep. Maxine Waters (D-Calif.) was clearly trying to influence the jury in the Derek Chauvin trial when she traveled to Minnesota and said Chauvin ...
- Montana Governor Signs 2 Election Integrity Bills, Democrats Sue Claiming ‘Voter Suppression’
By Tom Ozimek
Montana Gov. Greg Gianforte, a Republican, has signed into law two election integrity bills—one that tightens voter ID requirements and the other eliminating ...
- Mark McCloskey, Lawyer Who Brandished His Rifle at Black Lives Matter Protesters, Floats Senate Bid
By The Daily Caller News Foundation
Mark McCloskey, the St. Louis lawyer who brandished his assault rifle at Black Lives Matter protesters as they marched through his ...
- Derek Chauvin Found Guilty on All Charges in Death of George Floyd
By Zachary Stieber
Former Minneapolis police officer Derek Chauvin on April 20 was convicted of all three charges in the death of George Floyd.
Jurors convicted Chauvin ...
- Jury Reaches Verdict in Trial of Derek Chauvin
By Zachary Stieber
Update: Chauvin was found guilty on all three counts.
Original story below.
Jurors have decided on a verdict in the trial of former Minneapolis police ...
- Rep. Tlaib’s Comments on ‘Inherently Racist’ Policing Are ‘Reckless and Disgusting’: Detroit Police Chief
By Tom Ozimek
Detroit Police chief James Craig said on Monday that it was “reckless and disgusting” for Rep. Rashida Tlaib (D-Mich.) to say that policing in ...
- In Closing Arguments, Prosecutor Says Chauvin Killed Floyd, Defense Says ‘Reasonable Doubt’ Exists
By Zachary Stieber
https://youtu.be/tpLys16Asc0
Jurors start considering verdict in Chauvin case after closing arguments.
Jurors in the trial of former Minneapolis police officer Derek Chauvin were presented with closing ...
- MyPillow Sues Dominion Voting Systems for $1.6 Billion
By Zachary Stieber
MyPillow sued Dominion Voting Systems on April 19 for $1.6 billion, asserting that the election technology company unlawfully interfered with the free speech rights ...
- Rubio: Nobody in GOP Can Defeat Trump in 2024
By Jack Phillips
If former President Donald Trump decides to run for president in 2024, no Republican can defeat him, said Sen. Marco Rubio (R-Fla.) in an interview Wednesday.
It ...
- Trump Alumni Launch Largest Non-Profit to Advance America First Policy
By Li Hai
A group of former President Donald Trump’s cabinet members and senior advisors launched the America First Policy Institute (AFPI) on Tuesday to ...
- CNN Staffer Claims Network Pushed ‘Propaganda’ to ‘Get Trump Out of Office’: Undercover Video
By Isabel Van Brugen
A CNN staffer was caught on hidden camera saying that the network worked during the 2020 presidential election to produce content that would ...
![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 8")
