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Real News, Real Time

US Could Hit Debt Limit in August, Bessent Says
Posted inNational News

US Could Hit Debt Limit in August, Bessent Says

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Japanese electronics manufacturer Panasonic plans to terminate 10,000 workers globally as part of a reform to resolve “structural issues,” the company said in a May 9 statement. The layoffs target 5,000 Japanese employees and 5,000 overseas workers at Panasonic’s consolidated companies. Job cuts are set to be implemented mainly in fiscal year 2026, “in accordance with the labor laws, rules, and regulations of each country and region.” “The company will thoroughly review operational efficiency at each Group company, mainly in sales and indirect departments, and reevaluate the number of organizations and personnel actually needed,” said the statement. Story continues below advertisement Panasonic will also terminate loss-making businesses that have “no prospect of improving profit.” “Through these measures, the company will optimize our personnel on a global scale,” it said. The layoffs are part of Panasonic’s broader management reform. The company is banking on these measures in fiscal 2026 to “resolve its various structural issues.” Related Stories Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs 5/8/2025 Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report 5/1/2025 Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report The management reform seeks to improve profit by a minimum of 150 billion yen—roughly $1 billion—in fiscal year 2027 compared to fiscal 2025. For the current fiscal year 2026, Panasonic expects structural reforms to cost the company 130 billion yen, approximately $900 million. In an April 10 statement, Yuki Kusumi, the CEO of Panasonic Group, highlighted the need to change the organizational culture in the company. “There is a deep-rooted tendency toward following the established framework once a decision has been made. If we are going to improve the efficiency and quality of our work, then we must become an organization that is constantly changing, with each individual taking the initiative to make changes,” he said. “I believe we need to advance to the stage where change is considered a virtue. To achieve this, it is extremely important that we avoid being constrained by deeply ingrained behaviors.” The layoff announcement came on May 9 as Panasonic reported its consolidated financial results for fiscal year 2025, which ended on March 31. Story continues below advertisement Sales were at 8,458.2 billion yen, approximately $58 billion, down 0.5 percent from a year ago, which was partly due to the impact of deconsolidation in the company’s automotive segment, said the earnings report. Operating profit jumped 18 percent year-over-year, partly due to higher sales. According to Panasonic, the global economy experienced a gradual slowdown during the fiscal year ending March 31. For fiscal year 2026, net sales are expected to decrease, with operating profit also forecast to fall. Potential impacts of tariffs from the United States were not included in the forecast. “The company continues to monitor the tariff situation and aims to minimize the resulting impact by taking measures from both short-term and medium- to long-term perspectives,” Panasonic said. In January, Panasonic Well, a division of the company, announced a plan to create “the first comprehensive wellness ecosystem” for families. “Families are at their breaking point as chronic stress, disconnection, and fragmented wellness solutions are taking a toll, and the call for help is loud and clear,” the company said. Panasonic’s wellness solution is expected to aid families in dealing with wellness issues and “help modern families thrive.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center
Posted inNational News

DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center

USNN World Newsby USNN World NewsMay 9, 2025August 20, 2025
FEMA Confirms Acting Administrator Hamilton Has Been Replaced
Posted inNational News

FEMA Confirms Acting Administrator Hamilton Has Been Replaced

USNN World Newsby USNN World NewsMay 9, 2025August 19, 2025
Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming
Posted inSports

Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Trump Says Upcoming US–China Trade Talks Could Result in Tariff Reductions
Posted inWorld

Trump Says Upcoming US–China Trade Talks Could Result in Tariff Reductions

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April
Posted inEconomy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

USNN World Newsby USNN World NewsMay 8, 2025May 12, 2025
What We Know About the India–Pakistan Conflict
Posted inWorld

What We Know About the India–Pakistan Conflict

USNN World Newsby USNN World NewsMay 8, 2025June 26, 2025
Robert Francis Prevost Elected as First American Pope
Posted inBreaking News

Robert Francis Prevost Elected as First American Pope

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Police Arrest Pro-Palestinian Protesters Occupying Columbia University Library
Posted inBreaking News

Police Arrest Pro-Palestinian Protesters Occupying Columbia University Library

USNN World Newsby USNN World NewsMay 8, 2025May 26, 2025
Trump Announces ‘Full And Comprehensive’ Trade Agreement With UK
Posted inBreaking News

Trump Announces ‘Full And Comprehensive’ Trade Agreement With UK

USNN World Newsby USNN World NewsMay 8, 2025June 7, 2025
Army Presents Congress With Plan to Reorganize Fighting Forces, Adapt to Changing Battles
Posted inNational News

Army Presents Congress With Plan to Reorganize Fighting Forces, Adapt to Changing Battles

USNN World Newsby USNN World NewsMay 7, 2025May 7, 2025

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NATIONAL NEWS

  • North Carolina Voters Receive Duplicate Absentee Ballots After Mix-UpNorth Carolina Voters Receive Duplicate Absentee Ballots After Mix-Up
    BY KATABELLA ROBERTS A mix-up with the first absentee ballots sent in North Carolina caused some voters to receive two identical ballots for the November general election, local election officials told ...
  • Bail fund backed by Kamala Harris and Joe Biden staffers bailed out alleged child abuser, docs indicateBail fund backed by Kamala Harris and Joe Biden staffers bailed out alleged child abuser, docs indicate
    By Tyler Olson | Fox News Just a fraction of the bail fund has been used on protesters and rioters. A bail fund promoted by Democratic vice presidential nominee Kamala Harris and ...
  • Trump campaign asks judge to halt early vote count in New JerseyTrump campaign asks judge to halt early vote count in New Jersey
    By Ronn Blitzer | Fox News New Jersey is planning to conduct a primarily mail-based election in November. President Trump’s campaign called on a federal judge to stop ...
  • Barr criticizes Black Lives Matter movement: ‘Not interested in Black lives, they’re interested in props’Barr criticizes Black Lives Matter movement: 'Not interested in Black lives, they're interested in props'
    By Ronn Blitzer | Fox News ‘The foundation of all human progress is the rule of law,’ attorney general says. Attorney General William Barr accused the Black Lives Matter movement of using ...
  • Baltimore murder suspects protected by sanctuary laws, ICE says; ‘This is the worst-case scenario’Baltimore murder suspects protected by sanctuary laws, ICE says; 'This is the worst-case scenario'
    By Louis Casiano | Fox News The men are suspects in the gang slaying of 16-year-old Gabriela Ardon. Two undocumented immigrants suspected in the gang slaying of a 16-year-old girl ...
  • Alan Dershowitz files $300 million defamation suit against CNNAlan Dershowitz files $300 million defamation suit against CNN
    By Yael Halon | Fox News ‘Some good charities are going to benefit from CNN’s willful deliberate malicious effort to destroy my credibility,’ he said. Famed attorney and Harvard Law School Professor ...
  • Biden panned for playing ‘Despacito’ at Hispanic Heritage Month eventBiden panned for playing 'Despacito' at Hispanic Heritage Month event
    By Joseph A. Wulfsohn | Fox News Joe Biden raised eyebrows on Tuesday evening over his attempt to appeal to Hispanic voters at a campaign event in Kissimmee, Fla. The ...
  • Refugees from socialist countries warn Americans: Don’t let it happen hereRefugees from socialist countries warn Americans: Don't let it happen here
    By Maxim Lott | Fox News Immigrants who settled in the U.S. say recent political shifts here are starting to remind them of what they left behind. One ...
  • Oregon drivers stopped at gunpoint by groups protecting wildfire ravaged properties from looters: sheriffOregon drivers stopped at gunpoint by groups protecting wildfire ravaged properties from looters: sheriff
    By Danielle Wallace | Fox News The Clackamas County Sheriff’s Office responded to more than 330 calls for service over the past week – a 400% increase ...
  • Trump to preside over signing of historic Middle East deals at White HouseTrump to preside over signing of historic Middle East deals at White House
    By Adam Shaw | Fox News President Trump will preside over the signing of two historic deals between Israel and two Gulf nations at the White House on Tuesday – a ...
  • Kamala Harris accidentally touts plans under a ‘Harris administration’ during virtual roundtableKamala Harris accidentally touts plans under a 'Harris administration' during virtual roundtable
    By Joseph A. Wulfsohn | Fox News ‘Joe better hire a food taster,’ one critic advised the former VP. Kamala Harris, Joe Biden’s running mate in the 2020 election, raised ...
  • Wounded hero LA County sheriff’s deputy identified, was librarian before joining police forceWounded hero LA County sheriff's deputy identified, was librarian before joining police force
    By Stephanie Pagones | Fox News Claudia Apolinar is being lauded for her ‘intestinal fortitude’. One of the sheriff’s deputies ambushed Saturday night by a brazen gunman previously worked as a librarian ...
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