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Category: Economy

The US Economy

Senate Passes ‘No Tax on Tips Act’ in Unanimous Vote
Posted inEconomy

Senate Passes ‘No Tax on Tips Act’ in Unanimous Vote

USNN World Newsby USNN World NewsMay 21, 2025May 21, 2025
New Vehicle Inventory in April Declines, Affordability Worsens: Cox Automotive Analysis
Posted inEconomy

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

USNN World Newsby USNN World NewsMay 19, 2025May 19, 2025
Market Review: Stocks Roar Back in 5-Day Winning Streak
Posted inEconomy

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

USNN World Newsby USNN World NewsMay 18, 2025May 18, 2025
Moody’s Strips US of Final AAA Rating Over Rising Debt, Interest Costs
Posted inEconomy

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

USNN World Newsby USNN World NewsMay 17, 2025June 4, 2025
US Pending Home Sales Dip By 3.4 Percent to ‘Lowest Level on Record’: Report
Posted inEconomy

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

USNN World Newsby USNN World NewsMay 15, 2025May 15, 2025
The Fed Fears Inflation While Ignoring Deflation
Posted inEconomy

The Fed Fears Inflation While Ignoring Deflation

USNN World Newsby USNN World NewsMay 14, 2025May 14, 2025
Student Loan Delinquencies Soar as Pandemic-Era Protections Expire
Posted inEconomy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire

USNN World Newsby USNN World NewsMay 13, 2025May 13, 2025
US Inflation Slows to Lowest Level Since February 2021
Posted inEconomy

US Inflation Slows to Lowest Level Since February 2021

USNN World Newsby USNN World NewsMay 13, 2025May 13, 2025
Markets Rally After US, China Announce 90-day Tariff Reductions
Posted inEconomy

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

USNN World Newsby USNN World NewsMay 12, 2025May 12, 2025
Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty
Posted inEconomy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

USNN World Newsby 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.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 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

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NATIONAL NEWS

  • Latest round of tests confirms that Cheerios and other children’s cereals are contaminated with RoundupLatest round of tests confirms that Cheerios and other children’s cereals are contaminated with Roundup
    By Ethan Huff (Natural News) The Environmental Working Group (EWG) has compiled fresh data on the levels of toxic glyphosate (Roundup) found in several popular oat-based breakfast ...
  • USA Today bestselling author Jennifer Jaynes, who penned thrillers exposing the murderous vaccine deep state, found shot to deathUSA Today bestselling author Jennifer Jaynes, who penned thrillers exposing the murderous vaccine deep state, found shot to death
    By Mike Adams (Natural News) Jennifer Jaynes, USA Today bestselling author of Malice and other novels exposing the vaccine deep state, was found shot to death on ...
  • Shock: Adam Schiff Investigated Devin Nunes’s Phone RecordsShock: Adam Schiff Investigated Devin Nunes’s Phone Records
    By Joel B. Pollack House Intelligence Committee chairman Rep. Adam Schiff (D-CA) investigated Ranking Member Devin Nunes (D-CA) as part of his impeachment inquiry into ...
  • Schiff Hired Former NSC Colleague and Crony of ‘Whistleblower’ Eric Ciaramella ONE DAY After Trump-Ukraine CallSchiff Hired Former NSC Colleague and Crony of ‘Whistleblower’ Eric Ciaramella ONE DAY After Trump-Ukraine Call
    By Christina Laila TheGatewayPundit.com Adam Schiff hired former NatSec colleague and friend of ‘whistleblower’ Eric Ciaramella just one day after Trump’s July 25 phone call ...
  • Trump Administration to Tighten Food Stamp Eligibility Requirements for Able-Bodied AdultsTrump Administration to Tighten Food Stamp Eligibility Requirements for Able-Bodied Adults
    By Tom Ozimek The Trump administration is set to announce changes to the federal food stamp program that would strengthen eligibility requirements for certain categories ...
  • Convicted Pedophile Charged for Illegally Funneling Money to Groups Linked to Hillary ClintonConvicted Pedophile Charged for Illegally Funneling Money to Groups Linked to Hillary Clinton
    By Zachary Stieber A convicted pedophile used as a source by special counsel Robert Mueller was charged with attempting to conceal excessive contributions to Hillary ...
  • House Judiciary Academic Witness List Filled With Trump CriticsHouse Judiciary Academic Witness List Filled With Trump Critics
    By Janita Kan The House Judiciary Committee has summoned four constitutional law scholars, many of whom have criticized President Donald Trump and defended the impeachment ...
  • Pelosi and Company Hightail It to Warming Conference as Impeachment FloundersPelosi and Company Hightail It to Warming Conference as Impeachment Flounders
    By Roger L. Simon The more things change, the French say, the more they remain the same. And in the case of the modern libo-progressive, ...
  • This is CNN? Primetime shows filled with liberal opinion, not straight news as network claimsThis is CNN? Primetime shows filled with liberal opinion, not straight news as network claims
    By Brian Flood | Fox News CNN touts its primetime lineup as being straight, just-the-facts news, but anyone tuning in to the network’s evening programming can expect a heavy dose ...
  • ‘Hannity,’ ‘Tucker’ have best months ever as Fox News tops MSNBC, CNN for 215th straight month‘Hannity,’ 'Tucker' have best months ever as Fox News tops MSNBC, CNN for 215th straight month
    By Brian Flood | Fox News Fox News Channel finished November atop all of basic cable, earning the most total viewers for the 41st straight month, while “Hannity” remained the highest-rated ...
  • Devin Nunes sues CNN for $435M over ‘false and defamatory’ Ukraine storyDevin Nunes sues CNN for $435M over ‘false and defamatory’ Ukraine story
    By Brian Flood, Brooke Singman | Fox News Rep. Devin Nunes, R-Calif., sued CNN for defamation on Tuesday, accusing the cable network of publishing a “demonstrably false hit piece” about him amid ...
  • No, Trump Isn’t Threatening Our Constitutional SystemNo, Trump Isn’t Threatening Our Constitutional System
    By DAVID HARSANYI Recently, Tom Nichols, a leading anti-Trump voice (and a former colleague), informed me that “Trump has already changed our constitutional system in ways that ...
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