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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

  • Chris Stirewalt: Why Super Tuesday looks like it will backfire on DemocratsChris Stirewalt: Why Super Tuesday looks like it will backfire on Democrats
    By David Montanaro | Fox News The move by some states – including California and Texas – to move up their primaries to Super Tuesday appears that it’s going to backfire ...
  • CPAC attendees rip Democrats over reaction to coronavirus: ‘It’s their next game’CPAC attendees rip Democrats over reaction to coronavirus: 'It's their next game'
    By Victor Garcia | Fox News Fox News contributor and “Hannity” 2020 correspondent Lawrence Jones spoke Friday with attendees of this year’s Conservative Political Action Conference who are unhappy with Democrats ...
  • McCarthy predicts Democrats will lose House, says they have ‘surrendered to the socialists’McCarthy predicts Democrats will lose House, says they have ‘surrendered to the socialists’
    By Brooke Singman | Fox News NATIONAL HARBOR, Md.—House Republican Leader Kevin McCarthy boldly predicted Friday that Democrats will lose the majority in the House of Representatives ...
  • Some California health workers held in isolation, quarantine after exposure to cornavirus patient, officials saySome California health workers held in isolation, quarantine after exposure to cornavirus patient, officials say
    By Louis Casiano | Fox News Dozens of health workers in Solano County, Calif., are under isolation and some will be quarantined after being exposed to a ...
  • Pence rallies CPAC crowd for 2020 Trump reelection: ‘Freedom works. Socialism doesn’t’Pence rallies CPAC crowd for 2020 Trump reelection: 'Freedom works. Socialism doesn't'
    By Brooke Singman | Fox News Vice President Mike Pence rallied the audience at the Conservative Political Action Conference Thursday against socialism, saying “freedom always wins” as he made the case ...
  • Bloomberg pressures Sanders to release full medical records after doctor declares billionaire is in ‘outstanding health’Bloomberg pressures Sanders to release full medical records after doctor declares billionaire is in 'outstanding health'
    By Vandana Rambaran | Fox News Michael Bloomberg’s campaign called on his 2020 Democratic rival Sen. Bernie Sanders, I-Vt., to release further information on his heart health, after ...
  • Sen. Lindsey Graham: Biden will win SC primary ‘by double digits,’ but Dem nomination is Bernie’s to loseSen. Lindsey Graham: Biden will win SC primary 'by double digits,' but Dem nomination is Bernie's to lose
    By Victor Garcia | Fox News Sen. Lindsey Graham, R-S.C., joined “The Story with Martha MacCallum” Saturday to preview Saturday’s South Carolina Democratic primary, which he predicted former Vice ...
  • Whistleblower says HHS sent workers to handle possible coronavirus patients without gear, trainingWhistleblower says HHS sent workers to handle possible coronavirus patients without gear, training
    By Gregg Re | Fox News The Department of Health and Human Services “improperly deployed” more than a dozen workers to two California military bases receiving Americans evacuated from coronavirus ...
  • 5 Milwaukee shooting victims identified, suspected gunman was 17-year electrician at brewery5 Milwaukee shooting victims identified, suspected gunman was 17-year electrician at brewery
    By Louis Casiano | Fox News Milwaukee authorities have identified the five victims who were killed by a co-worker during a shooting rampage at the Molson Coors ...
  • Trump says Pelosi trying to create ‘panic’ with coronavirus commentsTrump says Pelosi trying to create 'panic' with coronavirus comments
    By Andrew O’Reilly | Fox News President Trump accused House Speaker Nancy Pelosi on Wednesday of trying to create a panic around the coronavirus outbreak after the California Democrat criticized the White ...
  • Trump sues New York Times for libel over Russia ‘conspiracy’ op-edTrump sues New York Times for libel over Russia 'conspiracy' op-ed
    By Gregg Re | Fox News The Trump campaign has filed a libel lawsuit against what it called the “extremely biased” New York Times, saying the paper’s March 27, 2019 op-ed ...
  • Marc Thiessen: The actual cost of Bernie Sanders’ spending plans is ‘terrifying’Marc Thiessen: The actual cost of Bernie Sanders' spending plans is 'terrifying'
    By Joshua Nelson | Fox News Following a contentious Democratic primary debate in South Carolina, Fox News contributor Marc Thiessen on Wednesday argued that the cost of Sen. Bernie ...
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