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Category: Economy

The US Economy

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
How Major US Stock Indexes Fared May 7
Posted inEconomy

How Major US Stock Indexes Fared May 7

USNN World Newsby USNN World NewsMay 7, 2025May 7, 2025
How Major US Stock Indexes Fared May 6
Posted inEconomy

How Major US Stock Indexes Fared May 6

USNN World Newsby USNN World NewsMay 6, 2025May 6, 2025
Oil Prices Sink After OPEC+ Agrees to Boost Production in June
Posted inEconomy

Oil Prices Sink After OPEC+ Agrees to Boost Production in June

USNN World Newsby USNN World NewsMay 5, 2025May 5, 2025
Market Review S&P 500 and Dow Achieve Nine-Day Rally
Posted inEconomy

Market Review: S&P 500 and Dow Achieve Nine-Day Rally

USNN World Newsby USNN World NewsMay 3, 2025May 3, 2025
Trump Says Americans Should Be Patient After US Economy Contracts
Posted inEconomy

Trump Says Americans Should Be Patient After US Economy Contracts

USNN World Newsby USNN World NewsApril 30, 2025June 5, 2025
US Job Openings Slide to 6-Month Low, Layoffs Fall
Posted inEconomy

US Job Openings Slide to 6-Month Low, Layoffs Fall

USNN World Newsby USNN World NewsApril 29, 2025April 29, 2025
US Homeownership Rate Falls to Lowest Level in 5 Years
Posted inEconomy

US Homeownership Rate Falls to Lowest Level in 5 Years

USNN World Newsby USNN World NewsApril 29, 2025April 29, 2025

Posts pagination

Newer posts 1 … 9 10 11 12 13 … 102 Older posts

NATIONAL NEWS

  • Kari Lake Gives Update, Says ‘Whistleblowers Are Coming Forward’Kari Lake Gives Update, Says ‘Whistleblowers Are Coming Forward’
    By Jack Phillips Arizona Republican governor’s candidate Kari Lake issued a Monday update, saying her attorneys are working to obtain more information and “whistleblowers are coming forward” after ...
  • Judge Says Former White House Press Secretary Jen Psaki Must Answer Questions Under OathJudge Says Former White House Press Secretary Jen Psaki Must Answer Questions Under Oath
    By Zachary Stieber Former White House press secretary Jen Psaki must sit for a deposition, a U.S. judge ruled on Nov. 21. Psaki, who now works for MSNBC, is not ...
  • Rail Strike Fears Resurge as Biggest Rail Union Rejects White House DealRail Strike Fears Resurge as Biggest Rail Union Rejects White House Deal
    By Tom Ozimek The risk of a crippling national rail strike has resurged after some members of America’s biggest rail union rejected a deal that was brokered ...
  • Hunter Biden Laptop Repairman Reveals ‘Chilling’ Warning From FBI AgentHunter Biden Laptop Repairman Reveals ‘Chilling’ Warning From FBI Agent
    By Jack Phillips John Paul Mac Isaac, the laptop repairman who allegedly found Hunter Biden’s laptop, revealed Monday that he is working with Republican lawmakers as ...
  • An ‘unthinkable morning’: 1 dead, 16 injured after car crashes into Apple store in HinghamAn 'unthinkable morning': 1 dead, 16 injured after car crashes into Apple store in Hingham
    By Patriot Ledger Staff HINGHAM − A man has died and 16 people were injured Monday after a black SUV crashed into the Apple store ...
  • Energy Group: GOP Needs to Push Back Against Biden’s ‘Apocalyptic’ PredictionsEnergy Group: GOP Needs to Push Back Against Biden’s ‘Apocalyptic’ Predictions
    By Jack Phillips A nonprofit group representing energy industry workers said that House Republicans need to target the Biden administration’s climate-related policies that have hampered the ...
  • Uncounted Votes on Overlooked Memory Card Flip Election in GeorgiaUncounted Votes on Overlooked Memory Card Flip Election in Georgia
    By Jack Phillips An overlooked memory card in Cobb County, Georgia, with uncounted ballots changed the final results of a special election, officials have said. The county’s Board ...
  • Nikki Haley Says She Might Run for President in 2024 Despite Promising She Wouldn’t If Trump DidNikki Haley Says She Might Run for President in 2024 Despite Promising She Wouldn’t If Trump Did
    By Zachary Stieber Former Trump administration official Nikki Haley said over the weekend she’s considering launching a 2024 presidential bid. “A lot of people have asked if I’m ...
  • Special Counsel Investigating Trump Is ‘Tool to Attack a Political Enemy’: FBI VeteranSpecial Counsel Investigating Trump Is ‘Tool to Attack a Political Enemy’: FBI Veteran
    By Eva Fu In appointing a special counsel to investigate former President Donald Trump, the Justice Department (DOJ) has turned its law enforcement apparatus into ...
  • Arizona’s ‘Election Integrity Unit’ Demands Answers From Maricopa County Over Election Day ProblemsArizona’s ‘Election Integrity Unit’ Demands Answers From Maricopa County Over Election Day Problems
    By Allen Stein The Arizona Attorney General’s Elections Integrity Unit sent a letter to Maricopa County demanding answers on problems that took place with the ...
  • Kari Lake Says She ‘Will Become Governor’ After Attorney General’s LetterKari Lake Says She ‘Will Become Governor’ After Attorney General’s Letter
    By Jack Phillips Arizona gubernatorial candidate Kari Lake proclaimed Saturday that she will become governor after the attorney general’s office demanded explanations on alleged Election Day problems in ...
  • Judge Orders Unsealing of Names of 8 Anonymous Individuals Relating to Jeffrey EpsteinJudge Orders Unsealing of Names of 8 Anonymous Individuals Relating to Jeffrey Epstein
    By Tom Ozimek A federal judge on Friday ordered the unsealing of documents featuring the real names of some of the “John Does” relating to ...
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