Kristen Mohammadi

1 month ago | post-gazette.com | Kristen Mohammadi |Anya Litvak

David Zalubowski/Associated Press Paul Wiseman AP Economics Writer May 29, 2025 4:12 PM WASHINGTON — The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate. First-quarter growth was brought down by a surge in imports as companies in the United States hurried to bring in foreign goods before the president imposed...

1 month ago | post-gazette.com | Kristen Mohammadi |Anya Litvak

Target’s disappointing spring results reveal Americans’ anxiety about money. Consumer sentiment is at the second-lowest point ever recorded, according to a closely watched University of Michigan index, as people said they fear inflation from economic uncertainty caused by President Donald Trump’s tariffs and other factors. Target executives said consumers are still being careful about what they spend, resulting in a nearly 4% comparable sales decline for the February-April period.

1 month ago | post-gazette.com | Anya Litvak |Kristen Mohammadi

U.S. markets edged lower before the opening bell Tuesday as the earnings season nears its end and the last major corporations post their quarterly performances. Futures for the S&P 500 lost 0.2%, while futures for the Dow Jones Industrial Average were flat. Nasdaq futures are down 0.2%. Home Depot rose more than 2% in premarket after the hardware store chain beat Wall Street sales targets and reaffirmed previous sales growth projections despite an ongoing housing market slump.

1 month ago | post-gazette.com | Anya Litvak |Kristen Mohammadi

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1 month ago | post-gazette.com | Kristen Mohammadi |Anya Litvak

U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs. Sales at retail stores and restaurants rose just 0.1% in April from March, the Commerce Department said Thursday. That is much lower than the previous month's 1.7% gain, which reflected a surge in car sales as consumers sought to get ahead of President Trump's 25% duty on auto imports that went into effect this month.