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Category: Economy

The US Economy

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
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

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NATIONAL NEWS

  • Michigan Gov. Whitmer facing backlash for going to ‘radical extremes’ with stay-at-home orderMichigan Gov. Whitmer facing backlash for going to 'radical extremes' with stay-at-home order
    By Ronn Blitzer | Fox News Michigan Gov. Gretchen Whitmer is facing backlash following an expansion to her state’s stay-at-home order that prohibits not just public gatherings, but private ones ...
  • Kentucky churchgoers met with nails on road, police record license plates for Easter Sunday serviceKentucky churchgoers met with nails on road, police record license plates for Easter Sunday service
    By Caleb Parke | Fox News On Easter Sunday, a Kentucky church that defied coronavirus orders from Gov. Andy Beshear by holding an in-person service was met with a heavy ...
  • Trump Lashes Out at Fauci Amid Criticism of Slow Virus ResponseTrump Lashes Out at Fauci Amid Criticism of Slow Virus Response
    By Peter Baker WASHINGTON — President Trump publicly signaled his frustration on Sunday with Dr. Anthony S. Fauci, the federal government’s top infectious disease expert, ...
  • Mark Cuban predicts ‘world-changing’ innovation stemming from outbreak, keeps ‘door open’ to 2020 bidMark Cuban predicts 'world-changing' innovation stemming from outbreak, keeps 'door open' to 2020 bid
    By Ronn Blitzer | Fox News Dallas Mavericks owner Mark Cuban believes that despite the negative impact the coronavirus outbreak has had on the U.S., it will result in ‘world-changing’ innovation ...
  • White House says federally-funded news service ‘spends your money to promote foreign propaganda’White House says federally-funded news service 'spends your money to promote foreign propaganda'
    By Sam Dorman | Fox News The White House ripped into Voice of America (VOA), a federally-funded news service, on Friday, claiming it used taxpayer money to further Chinese ...
  • Mississippi city’s coronavirus shutdown bans drive-in church services ahead of EasterMississippi city's coronavirus shutdown bans drive-in church services ahead of Easter
    By Michael Ruiz | Fox News Drive-in church services that attempt to adhere to social distancing guidelines by keeping worshipers physically apart from one another in their ...
  • Coronavirus: Trump has declared major disaster in all 50 states at once, first time in historyCoronavirus: Trump has declared major disaster in all 50 states at once, first time in history
    By Michael Ruiz | Fox News President Trump issued a major disaster declaration for Wyoming on Saturday, meaning that there is now such a declaration within all 50 states due to ...
  • Trump announces second task force on reopening economy as he weighs ‘biggest decision’Trump announces second task force on reopening economy as he weighs 'biggest decision'
    By Michael Ruiz, Samuel Chamberlain | Fox News President Trump said Friday that that choosing when to move to reopen the U.S. economy amid the coronavirus pandemic would be “the biggest ...
  • Homeowners sue over restricted access to Outer Banks second homes due to coronavirusHomeowners sue over restricted access to Outer Banks second homes due to coronavirus
    By Peter Aitken | Fox News Furious homeowners in a popular North Carolina vacation spot have filed a lawsuit against officials for denying them access to their second homes ...
  • It’s difficult to grasp the projected deaths from Covid-19. Here’s how they compare to other causes of deathIt’s difficult to grasp the projected deaths from Covid-19. Here’s how they compare to other causes of death
    By SHARON BEGLEY and HYACINTH EMPINADO The numbers seem catastrophic, overwhelming, beyond a magnitude that the human mind or heart can grasp: What do 60,000 — ...
  • Another Reporter Masks Affiliation With Chinese Propaganda During Presidential BriefingAnother Reporter Masks Affiliation With Chinese Propaganda During Presidential Briefing
    By Petr Svab For the second time, a reporter working for a media controlled by the Chinese Communist Party (CCP) failed to disclose this affiliation ...
  • Meet the former NYT reporter who is challenging the coronavirus narrativeMeet the former NYT reporter who is challenging the coronavirus narrative
    By Adam Shaw | Fox News As daily life across America is upended by the coronavirus crisis — with mass business closures plunging the economy into freefall — one former New York Times ...
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