Madaleine Rubin

1 week ago | post-gazette.com | Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin

The U.S. economy is set to lose billions of dollars in revenue in 2025 from a pullback in foreign tourism and boycotts of American products, adding to a growing list of headwinds keeping recession risk elevated. Arrivals of non-citizens to the U.S. by plane dropped almost 10% in March from a year earlier, according to data published Monday by the International Trade Administration. Goldman Sachs Group Inc.

3 weeks ago | post-gazette.com | Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin

An aggressive suite of tariffs announced Wednesday by President Donald Trump will significantly complicate the Federal Reserve’s job as it struggles to quash inflation and avoid an economic downturn, likely keeping officials in wait-and-see mode.

3 weeks ago | post-gazette.com | Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin

Wall Street followed global markets sharply lower Thursday after U.S. President Donald Trump announced tariffs on imports of goods from around the world. The double-digit tariff hikes rippled through world markets and economists are warning that the risk of recession is climbing. Futures for the S&P 500 slumped 3.4% before the bell, while Dow Jones Industrial Average futures lost 2.8%. Nasdaq futures tumbled 3.8%.

1 month ago | post-gazette.com | Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin |Tim Grant

U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9, the fourth straight monthly decline and its lowest reading since January of 2021. The reading was short of analysts expectations for a reading of 94.5, according to a survey by FactSet.

1 month ago | post-gazette.com | Anya Litvak |Evan Robinson-Johnson |Madaleine Rubin |Tim Grant

The trade war between the U.S. and Canada threatens to throw a wrench into the prospects for decarbonizing both economies — though it may offer some longer-term opportunities for Canada. Bilateral tariffs on steel and aluminum are already in place, and industry is bracing for more U.S. levies on April 2.