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Category: Economy

The US Economy

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, 2025October 29, 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
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

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NATIONAL NEWS

  • Outgoing Member of Biden’s Party Has Bleak Outlook for Democrats’ Chances With Rural VotersOutgoing Member of Biden’s Party Has Bleak Outlook for Democrats’ Chances With Rural Voters
    By Jack Phillips Outgoing longtime Rep. Jim Cooper (D-Tenn.) said that the Democratic Party is “facing extinction” in Tennessee and noted that Democrats don’t have a strategy ...
  • ‘Something isn’t right’: Biden warned his ‘mental decline’ is worsening'Something isn't right': Biden warned his 'mental decline' is worsening
    By Bob Unruh That there have been questions for a long time already about Joe Biden’s cognitive abilities is without dispute, as a poll weeks ago ...
  • How did Outkick get the goods on Stacey Abrams while the media dropped the ball?How did Outkick get the goods on Stacey Abrams while the media dropped the ball?
    By Becket Adams, Senior Commentary Writer Democratic Georgia gubernatorial candidate Stacey Abrams’s campaign launched just last December, yet she is already in full-blown panic mode. Newly surfaced ...
  • INFOGRAPHIC: Approved and Non-FDA Approved COVID-19 TreatmentsINFOGRAPHIC: Approved and Non-FDA Approved COVID-19 Treatments
    By Petr Svab Since the onset of the COVID-19 pandemic two years ago, hundreds of studies have examined the efficacy of dozens of drugs and other compounds ...
  • LA County Sheriff’s Department Could Lose 4,000 Employees Over COVID-19 Vaccine MandateLA County Sheriff’s Department Could Lose 4,000 Employees Over COVID-19 Vaccine Mandate
    By Katabella Roberts The Los Angeles County Sheriff’s Department is set to lose 4,000 employees who have not been vaccinated against the CCP (Chinese Communist Party) virus, ...
  • Lara Logan Quitting Big Tech, Accuses It of ‘Glorifying’ Pedophile ContentLara Logan Quitting Big Tech, Accuses It of ‘Glorifying’ Pedophile Content
    By Naveen Athrappully Journalist Lara Logan has announced that she intends to quit big tech social media platforms Twitter, Facebook, and Instagram, accusing the networks of ...
  • Rumble CEO Offers Joe Rogan $100 Million: ‘This Is Totally Legit’Rumble CEO Offers Joe Rogan $100 Million: ‘This Is Totally Legit’
    By Jack Phillips Video-sharing platform Rumble on Monday offered podcast host Joe Rogan $100 million to bring his discussions to an uncensored forum in the midst of ...
  • FDA, Doctors’ Group Reach Agreement on Production of Pfizer Vaccine DocumentsFDA, Doctors’ Group Reach Agreement on Production of Pfizer Vaccine Documents
    By Zachary Stieber A group seeking all the documents analyzed by U.S. drug regulators before approving Pfizer’s COVID-19 vaccine has reached an agreement with the government ...
  • White House Pushes Back on China-Russia Joint StatementWhite House Pushes Back on China-Russia Joint Statement
    By Nick Ciolino The White House offered some pushback Friday to a joint statement issued by Beijing and Moscow. Russia’s Vladimir Putin met with China’s Xi Jinping ...
  • Pentagon Responds to DoD Whistleblowers’ Claim of Spiking Disease Rates in the Military After COVID Vaccine MandatePentagon Responds to DoD Whistleblowers’ Claim of Spiking Disease Rates in the Military After COVID Vaccine Mandate
    By Enrico Trigoso Three United States military doctors have blown the whistle on documents allegedly from The United States Department of Defense (DoD) that they ...
  • NYPD, FDNY, DSNY Members to Be Fired Unless They Comply With Vaccine MandateNYPD, FDNY, DSNY Members to Be Fired Unless They Comply With Vaccine Mandate
    By Enrico Trigoso Unvaccinated NYPD, FDNY, and DSNY (New York Department of Sanitation) members will be terminated on Feb. 11, unless they comply with the city’s COVID-19 vaccine ...
  • Grassley Challenges Garland to Explain Why He Won’t Answer Key Biden–China QuestionsGrassley Challenges Garland to Explain Why He Won’t Answer Key Biden–China Questions
    By Mark Tapscott Attorney General Merrick Garland has refused to answer Sen. Charles Grassley’s (R-Iowa) “fundamental questions related to the Hunter Biden criminal investigation,” and the top Republican ...
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