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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

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

NATIONAL NEWS

  • Hobbs’s Lead Over Lake Narrows in Arizona Gubernatorial RaceHobbs’s Lead Over Lake Narrows in Arizona Gubernatorial Race
    By Zachary Stieber Arizona Secretary of State Katie Hobbs saw her lead in the gubernatorial race over Republican Kari Lake drop again in the most recent update. Hobbs’s lead of 19,382 ...
  • Homeland Security Secretary Alejandro Mayorkas Says He Has No Plans to Resign Amid Border CrisisHomeland Security Secretary Alejandro Mayorkas Says He Has No Plans to Resign Amid Border Crisis
    By Katabella Roberts Homeland Security Secretary Alejandro Mayorkas on Tuesday said he has no plans to resign amid mounting criticism over his handling of the immigration crisis at the U.S.–Mexico border. Republican lawmakers ...
  • Donald Trump Launches 2024 Bid for White HouseDonald Trump Launches 2024 Bid for White House
    By Ivan Pentchoukov PALM BEACH, Fla.—Former President Donald Trump commenced his third campaign for the White House on Nov. 15. Trump, 76, who had hinted at a 2024 run for ...
  • Legislation in Texas Could Make Voter Fraud a FelonyLegislation in Texas Could Make Voter Fraud a Felony
    By Joe Gomez Several Republican lawmakers have filed bills in the Texas House of Representatives that would increase the penalty for election fraud from a Class A ...
  • House Republicans’ Midterm Results Are on Candidates, Not Trump or McCarthy: Rep. BurchettHouse Republicans’ Midterm Results Are on Candidates, Not Trump or McCarthy: Rep. Burchett
    By Terri Wu WASHINGTON—The reason for the Republicans’ lackluster performance in the midterm House races came down to each individual candidate, according to Rep. Tim Burchett ...
  • Texas Governor Invokes Invasion Clause at US-Mexico BorderTexas Governor Invokes Invasion Clause at US-Mexico Border
    By Jack Phillips Texas Gov. Greg Abbott announced Tuesday he is invoking “invasion clauses” due to illegal immigration from Mexico, allowing his administration to use the National Guard to ...
  • Pelosi Is ‘Not Even Thinking About’ Political Future ‘At This Moment’: SpokesmanPelosi Is ‘Not Even Thinking About’ Political Future ‘At This Moment’: Spokesman
    By Katabella Roberts A spokesman for House Speaker Nancy Pelosi (D-Calif.) has said reports that the California Democrat is preparing to retire from Congress after more than 30 years ...
  • Cruz Criticizes McConnell for ‘Abandoning’ Blake Masters in Arizona Senate RaceCruz Criticizes McConnell for ‘Abandoning’ Blake Masters in Arizona Senate Race
    By Frank Fang Sen. Ted Cruz (R-Texas) said Republicans missed a “generational opportunity” to retake Congress in the midterm elections, and criticized Senate Minority Leader Mitch McConnell (R-Ky.) for ...
  • Texas Gov. Greg Abbott Calls for Investigation Into Harris County ElectionsTexas Gov. Greg Abbott Calls for Investigation Into Harris County Elections
    By Caden Pearson Republican Texas Gov. Greg Abbott on Monday called for an investigation into how Harris County runs elections, citing problems and delays including missing keys, insufficient paper ballots in ...
  • Trump on Anticipated 2024 Bid: Will Keep Everyone in ‘Massive Suspense’Trump on Anticipated 2024 Bid: Will Keep Everyone in ‘Massive Suspense’
    By Eva Fu NEW YORK—Former President Donald Trump is again hinting about a third presidential run despite some resistance from his inner circle, saying that ...
  • Teach the Constitution: Democrat Attorney Who Halted Hochul’s Quarantine Camp RegulationTeach the Constitution: Democrat Attorney Who Halted Hochul’s Quarantine Camp Regulation
    By Jan Jekielek and Masooma Haq In what she has called a David versus Goliath battle, New York real estate lawyer Bobbie Anne Cox sued Governor Kathleen ...
  • Media Defend Nevada’s Slow Election Vote Count After Condemning Delayed Tally in 2020 Iowa CaucusesMedia Defend Nevada’s Slow Election Vote Count After Condemning Delayed Tally in 2020 Iowa Caucuses
    By Katabella Roberts Many of the mainstream media outlets that are currently defending the slow counting of votes in Nevada and Arizona following November’s midterm elections, had criticized the very same ...
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