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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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NATIONAL NEWS

  • Biden accuser Tara Reade ‘lost total respect’ for CNN’s Anderson Cooper for not asking former VP about assault claimBiden accuser Tara Reade 'lost total respect' for CNN's Anderson Cooper for not asking former VP about assault claim
    By Joseph A. Wulfsohn | Fox News The woman who has accused Joe Biden of a sexual assault in the early 1990s says she’s disappointed that CNN anchor Anderson Cooper failed to ask the presumptive ...
  • High profile inmates from Michael Avenatti to Tekashi 6ix9ine who have been released from prison early because of coronavirusHigh profile inmates from Michael Avenatti to Tekashi 6ix9ine who have been released from prison early because of coronavirus
    By Barnini Chakraborty | Fox News From 71-year-old federal fraudsters to Colombian drug lords, there has been a mad dash of high-profile prisoners petitioning the courts for a ...
  • Journalist Rich McHugh lays out allegations against Biden: ‘She said he attacked her’Journalist Rich McHugh lays out allegations against Biden: 'She said he attacked her'
    By Victor Garcia | Fox News Tucker Carlson spoke with journalist Rich McHugh Friday to get his insight into newly- resurfaced video from 1993 that could support sexual misconduct allegations ...
  • ‘The View’ ignores Tara Reade’s Biden allegations after championing Kavanaugh accusers'The View' ignores Tara Reade's Biden allegations after championing Kavanaugh accusers
    By Joseph A. Wulfsohn | Fox News “The View” hosts Whoopi Goldberg, Joy Behar, Sunny Hostin, and Meghan McCain have been sounding off regularly on President Trump’s response ...
  • Clip surfaces of Biden accuser Tara Reade’s mother phoning into ‘Larry King Live’ in 1993 alluding to claimClip surfaces of Biden accuser Tara Reade's mother phoning into 'Larry King Live' in 1993 alluding to claim
    By Joseph A. Wulfsohn | Fox News A resurfaced clip on “Larry King Live” in 1993 appears to show the mother of Tara Reade — who has accused Joe ...
  • Georgia state rep who endorsed Trump reverses resignation, calls Dems ‘the bigots they claim to hate’Georgia state rep who endorsed Trump reverses resignation, calls Dems 'the bigots they claim to hate'
    By Sam Dorman | Fox News A Democratic Georgia lawmaker has reversed an initial decision to step down from office after facing backlash for endorsing President Trump for reelection last week. “Yesterday, I announced ...
  • Dem lawmakers eye ‘opportunity’ for historic expansion of government amid coronavirus crisisDem lawmakers eye 'opportunity' for historic expansion of government amid coronavirus crisis
    By Adam Shaw | Fox News Former Obama White House Chief of Staff Rahm Emanuel said during the 2008 financial crisis that lawmakers should “never let a crisis go to ...
  • Former Reagan official: Revive Cold War-era program to keep China from benefiting from coronavirusFormer Reagan official: Revive Cold War-era program to keep China from benefiting from coronavirus
    By Ronn Blitzer | Fox News A former intelligence official from the Reagan administration is concerned that China is using the shutdown of the American economy during the coronavirus pandemic to ...
  • Protests against coronavirus lockdown orders spread in North Carolina, Missouri: ‘My rights are essential’Protests against coronavirus lockdown orders spread in North Carolina, Missouri: ‘My rights are essential’
    By Andrew O’Reilly | Fox News Angry demonstrators took to the streets in North Carolina and Missouri on Tuesday to voice their discontent at their states’ stay-at-home ...
  • Tying It All Together: China, Dr. Fauci, French Company Sanofi Pasteur, George Soros and the Gates FoundationTying It All Together: China, Dr. Fauci, French Company Sanofi Pasteur, George Soros and the Gates Foundation
    By Jim Hoft Links between Dr. Tony Fauci, China, French company Sanofi Pasteur, George Soros and the Gates Foundation are old and deep.  The China ...
  • New documentary reveals Bill Clinton kept CIA from killing bin LadenNew documentary reveals Bill Clinton kept CIA from killing bin Laden
    By Ronn Blitzer | Fox News A new documentary reveals that the U.S. had an opportunity to kill Usama bin Laden in the 1990s after tracking his ...
  • Linda Tripp of Clinton-Lewinsky scandal fame dead at 70Linda Tripp of Clinton-Lewinsky scandal fame dead at 70
    By Ronn Blitzer, Alex Pappas | Fox News Linda Tripp, whose covert recording of conversations with Monica Lewinsky revealed an affair with then-President Bill Clinton, has died, Fox News confirmed. “Sadly, Linda ...
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