USNN World News

Economy

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

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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

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Economy

The Fed Fears Inflation While Ignoring Deflation

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Economy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire

by USNN World NewsMay 13, 2025October 29, 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

Economy

How Major US Stock Indexes Fared May 6

by USNN World NewsMay 6, 2025May 6, 2025

NATIONAL NEWS

Man Charged After Confronting GOP Senate Candidate Before New Hampshire Debate

By Lorenz Duchamps Authorities in New Hampshire have charged a man for approaching Republican Senate candidate Donald C. Bolduc moments before his Nov. 2 debate against incumbent Sen. Maggie ...

Biden Says Winners of Midterm Election Won’t Be Known ‘Until After a Few Days’ In Some Cases

By Tom Ozimek President Joe Biden said in a recent speech that, in some cases, the results of the upcoming midterm election won’t be known for several ...

Private Eyes–How Government Makes Your Bank Spy on You

By Kevin Stocklin When you open a bank account, do you surrender all rights to your privacy and personal data? Today, the answer is yes. The ...

Border Patrol Agents Find $43,000 Worth of Cocaine Washed Up on Florida Coastline

By Katabella Roberts U.S. Border Patrol agents in Florida discovered 3 pounds of cocaine that had washed up near the coastline of Cape Canaveral on Thursday. Officials said they found the drugs, which ...

The Bureaucratic Erasure of Culture, Identity, and Freedom

By Edward Ring Commentary Exploring the roadways of California yields scenery evoking two distinct worlds. On the big freeways, surrounding every major interchange, the 21st century asserts itself in ...

Police Respond to Trespassing Call at Trump’s Mar-a-Lago, Secret Service Performs Sweep

By Jack Phillips Police in Palm Beach, Florida, responded to a trespassing call at former President Donald Trump’s Mar-a-Lago resort on Thursday, authorities said. The Palm Beach ...

Alleged Paul Pelosi Attacker Is an Illegal Immigrant, Officials Confirm

By Zachary Stieber The man who allegedly attacked Paul Pelosi is an illegal immigrant, U.S. officials have confirmed. “U.S. Immigration and Customs Enforcement (ICE) lodged an immigration detainer ...

Biden Takes Heat From Both Sides Over Speech Criticizing ‘Extreme MAGA Republicans’

By Samantha Flom While President Joe Biden undoubtedly expected to receive backlash from Republicans following his Nov. 2 speech warning that “democracy is under threat” from supporters of ...

A Key Date in the Efforts Against an Incoming President

By Jeff Carlson News Analysis Jan. 12, 2017, has proven to be an incredibly important date in American politics. It was on this date that Igor Dancehnko’s ...

Plaintiffs Ask Judge to Find Benson in Contempt of Court for Failing to Correct Election Guidance Manual

By Steven Kovac A Michigan Court of Claims judge has been asked to declare Secretary of State Jocelyn Benson, a Democrat, in contempt for noncompliance ...

Wisconsin Court Shoots Down Attempt to Change Rules for Absentee Ballots Before Midterms

By Katabella Roberts A Wisconsin judge on Wednesday dealt a blow to a group in the state who hoped to change rules governing absentee ballots, denying their request ...

Massachusetts Governor, Overwhelmed by Illegal Immigrants, Asks Biden Admin for Help

By Samantha Flom Massachusetts Gov. Charlie Baker has appealed to the Biden administration for assistance in supporting the influx of illegal immigrants seeking refuge in ...