Economy - USNN World News

Economy

New Vehicle Inventory in April Declines, Affordability Worsens: Cox Automotive Analysis

by USNN World NewsMay 19, 2025May 19, 2025

Economy

Market Review: Stocks Roar Back in 5-Day Winning Streak

by USNN World NewsMay 18, 2025May 18, 2025

Economy

Moody’s Strips US of Final AAA Rating Over Rising Debt, Interest Costs

by USNN World NewsMay 17, 2025June 4, 2025

Economy

US Pending Home Sales Dip By 3.4 Percent to ‘Lowest Level on Record’: Report

by USNN World NewsMay 15, 2025May 15, 2025

Economy

The Fed Fears Inflation While Ignoring Deflation

by USNN World NewsMay 14, 2025May 14, 2025

Economy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire

by USNN World NewsMay 13, 2025May 13, 2025

Economy

US Inflation Slows to Lowest Level Since February 2021

by USNN World NewsMay 13, 2025May 13, 2025

Economy

Markets Rally After US, China Announce 90-day Tariff Reductions

by USNN World NewsMay 12, 2025May 12, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

by USNN World NewsMay 10, 2025May 10, 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.”

Economy

Panasonic Announces 10,000 Layoffs Worldwide

by USNN World NewsMay 9, 2025May 9, 2025

Economy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

by USNN World NewsMay 8, 2025May 12, 2025

Economy

How Major US Stock Indexes Fared May 7

by USNN World NewsMay 7, 2025May 7, 2025

NATIONAL NEWS

Texas assisted living employee charged with 134 counts of alleged election fraud, report

By Joseph Weber The social worker allegedly registered 67 residents without their consent. A Texas woman who worked at a supported-living center has been charged with 134 ...

Ted Cruz Calls for Investigation of Voting Machine Software

By Tom Ozimek Sen. Ted Cruz (R-Texas) said in an interview that aired Nov. 8 that he believes an investigation should be launched into software ...

Pence: Election Isn’t Over Until Every ‘Legal Vote Is Counted’

By Tom Ozimek Vice President Mike Pence insisted Monday that the presidential race is not over until all legal votes have been counted and that the Trump ...

Trump Campaign Files Lawsuit Over ‘Two-Tiered’ Election System in Pennsylvania

By Simon Veazey The Trump campaign has filed a lawsuit alleging the Pennsylvania election process violated the Constitution by creating different standards of verification and transparency for mail-in and in-person voters. In a ...

Trump Pulls Within 1 Percent of Biden in Arizona

By Zachary Stieber President Donald Trump is within 1 percent of Democratic presidential nominee Joe Biden in Arizona, according to the latest unofficial results. An automatic recount will ...

Trump Win Validated by Quantum Blockchain System Recount of Votes

By Judy Byington A recount of voting ballots nationwide was being done by elite units of the National Guard by early Sun. morning 8 Nov. ...

System ‘Glitch’ Also Uncovered In Wisconsin – Reversal of Swapped Votes Removes Lead from Joe Biden

By Joe Hoft The Gateway Pundit We’ve reported on numerous events identified in the 2020 election already which are being referred to as ‘glitches’ by ...

SIDNEY POWELL AND TOM FITTON: TRUMP SHOULD FIGHT!

By Fox Business https://youtu.be/pCEfiV5L0ig Judicial Watch President Tom Fitton appeared on “Lou Dobbs Tonight” to discuss thoughts on voter fraud and the latest legal challenges regarding ...

McConnell: Trump ‘100 Percent Within His Rights’ to Weigh Legal Options on Election

By Jack Phillips Senate Majority Leader Mitch McConnell (R-Ky.) said on Nov. 9 that the race between President Donald Trump and Democratic presidential candidate Joe Biden isn’t ...

Georgia Election Official: ‘We Are Going to Find That People Did Illegally Vote’

By Jack Phillips Vote-counting efforts in the state to be finished Tuesday or Wednesday. Georgia’s vote-counting efforts will be done either on Tuesday or Wednesday, and ...

Thousands of Unregistered People Allowed to Vote by Mail in Detroit, Poll Watcher Alleges

By Petr Svab Thousands of mail-in ballots from people who weren’t properly registered to vote were added to vote counts in Detroit, Michigan, a poll ...

ALL Media Outlets PULL Live Voting Total Update Feeds – Too Many Americans Watching Vote-Switching

By Hal Turner News Desk The entirety of the U.S. mass-media suddenly and inexplicably PULLED all their live voting total feeds from both TV and ...