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

Trump Highlights Research Showing Google Shifted Millions of Votes to Clinton in 2016

BY PETR SVAB President Donald Trump on Aug. 19 drew attention to research that shows the sway Google holds over election results after a former engineer for the ...

Trump: US considering possibly buying Greenland, ‘essentially it’s a large real estate deal’

By Nick Givas | Fox News President Trump spoke out Sunday on reports his administration has been looking into buying Greenland. Trump addressed the rumors with reporters outside Marine One after ...

Radio host Howie Carr calls Elizabeth Warren’s Native American proposal a ‘laundry list of free stuff’

By Nick Givas | Fox News Radio host Howie Carr said Sunday that Sen. Elizabeth Warren’s Native American policy proposal is nothing more than “a laundry list of free stuff” ...

Socialism Defined

By USNN socialism noun so·cial·ism | \ ˈsō-shə-ˌli-zəm \ Definition of socialism 1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution ...

Rep. Dan Crenshaw rips Antifa demonstrators, blasts Portland protests as ‘sad showing’

By Dom Calicchio | Fox News In a Twitter message Saturday, U.S. Rep. Dan Crenshaw declared Saturday’s protests in Portland, Ore., “a sad showing,” and said the city’s Antifa activists paled in ...

Tlaib hits back at Bill Maher for comments on BDS, compares Israel to apartheid South Africa

By Bradford Betz | Fox News Rep. Rashida Tlaib, D-Mich., suggested Saturday that viewers boycott comedian Bill Maher’s HBO talk show after he devoted a segment of Friday’s program to bashing the ...

Portland police declare ‘civil disturbance’ amid clashes after far-right, far-left rallies; at least 13 arrested

By Vandana Rambaran | Fox News Police in Portland, Ore. declared a “civil disturbance” Saturday evening as members of far-right groups and far-left members of Antifa continued to skirmish hours after conducted ...

California gun rights group look to overturn state ban on assault weapons

By Bradford Betz | Fox News Judge Napolitano’s Chambers: Judge Andrew Napolitano explains the Second Amendment and why calls to take legally owned guns away is not ...

New York medical examiner: Jeffrey Epstein’s death was a suicide by hanging

By Samuel Chamberlain | Fox News New York City’s chief medical examiner has ruled that disgraced financier and accused sex trafficker Jeffrey Epstein committed suicide by hanging in his prison cell ...

Dayton, Ohio, gunman had cocaine, alcohol and antidepressants in system: coroner

By Talia Kaplan | Fox News The gunman who carried out a deadly mass shooting in Dayton, Ohio, this month had cocaine and other drugs in his system at the ...

Bill Clinton painting in Jeffrey Epstein’s home a ‘surprise’ to woman who painted president wearing blue dress

By Hollie McKay | Fox News Among those confounded by the revelation this week that accused sex trafficker Jeffrey Epstein had owned and prominently displayed a freakish ...

Painting of Bill Clinton in blue dress and heels was inside Jeffrey Epstein’s NYC mansion: report

By Danielle Wallace | Fox News A large painting of former President Bill Clinton wearing a blue dress similar to that of Monica Lewinsky’s and red heels was found ...