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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

  • Trump Donates Third-Quarter Salary to Help in ‘Fight Against the Opioid Crisis’Trump Donates Third-Quarter Salary to Help in ‘Fight Against the Opioid Crisis’
    By Zachary Stieber President Donald Trump is donating his third-quarter salary to help combat the nationwide opioid epidemic. A White House official said on Nov. 26 ...
  • Trump Urges Pelosi to Bring USMCA to a Vote, Pelosi Says Compromise Within ReachTrump Urges Pelosi to Bring USMCA to a Vote, Pelosi Says Compromise Within Reach
    By Zachary Stieber President Donald Trump urged House Speaker Nancy Pelosi (D-Calif.) to bring the U.S.-Mexico-Canada trade agreement, known as the USMCA, to a vote ...
  • Nikki Haley: God Using Trump’s Presidency to Bring ‘Lessons’ and ‘Change’Nikki Haley: God Using Trump’s Presidency to Bring ‘Lessons’ and ‘Change’
    By Isabel van Brugen Nikki Haley, the former U.S. ambassador to the United Nations, said in an interview last week she believes President Donald Trump’s presidency ...
  • Support for Impeachment Drops Among Black and Hispanic Voters: PollSupport for Impeachment Drops Among Black and Hispanic Voters: Poll
    By Jack Phillips Support for impeaching President Donald Trump has dropped among black and Hispanic voters, according to a new poll. A new national poll released ...
  • President Trump Signs Bill Making Animal Cruelty, Abuse a Federal FelonyPresident Trump Signs Bill Making Animal Cruelty, Abuse a Federal Felony
    By Janita Kan President Donald Trump signed a bipartisan bill into law on Nov. 25 that makes animal cruelty a federal felony. The law, Prevent Animal ...
  • Charlie Kirk: No, Democrats can’t handle vital legislation and impeachment at the same time – Here’s proofCharlie Kirk: No, Democrats can't handle vital legislation and impeachment at the same time – Here's proof
    By Charlie Kirk | Fox News Democrats aren’t capable of walking or chewing gum, much less doing both at once. “Congress can walk and chew bubblegum at the same ...
  • Top Democratic strategist pleads with party to abandon impeachmentTop Democratic strategist pleads with party to abandon impeachment
    By Matt London | Fox News A top Democratic campaign consultant and former pollster for President Bill Clinton is pleading with party leaders to abandon plans to vote on the impeachment of President Trump or ...
  • Nunes vows to take CNN, Daily Beast to court and ‘hold them accountable’Nunes vows to take CNN, Daily Beast to court and 'hold them accountable'
    By Victor Garcia | Fox News Rep. Devin Nunes, R-Calif., told Fox News Monday he plans to take CNN and The Daily Beast to court over recent stories they ...
  • Michigan rep reverses course on impeachment after recent polling, will more follow?Michigan rep reverses course on impeachment after recent polling, will more follow?
    By Gregg Re | Fox News Michigan Democratic Rep. Brenda Lawrence, a prominent supporter of Kamala Harris who has previously supported the impeachment inquiry into President Trump, abruptly announced Sunday ...
  • Conan, dog injured in al Baghdadi raid, honored by President Trump at White HouseConan, dog injured in al Baghdadi raid, honored by President Trump at White House
    By Nick Givas | Fox News The dog injured during the mission that killed ISIS leader Abu Bakr al-Baghdadi was honored Monday afternoon during a surprise ceremony at the White ...
  • BOOM! Rudy Giuliani Drops Another Bomb on Biden Family – Adds Iraq to Ever Expanding List of Corrupt DealingsBOOM! Rudy Giuliani Drops Another Bomb on Biden Family – Adds Iraq to Ever Expanding List of Corrupt Dealings
    By Jim Hoft TheGatewayPundit.com President Trump’s personal lawyer Rudy Giuliani in on fire and put the DC swamp and their liberal media stenographers on ...
  • Lindsey Graham explains launching probe into Bidens: ‘Nobody in the media really gives a damn’Lindsey Graham explains launching probe into Bidens: 'Nobody in the media really gives a damn'
    By Nick Givas | Fox News Former Vice President Joe Biden and his son Hunter should be investigated for their Ukrainian ties because Congress and the media have failed to look into ...
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