USNN World News

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

Economy

Oil Prices Sink After OPEC+ Agrees to Boost Production in June

by USNN World NewsMay 5, 2025May 5, 2025

Economy

Market Review: S&P 500 and Dow Achieve Nine-Day Rally

by USNN World NewsMay 3, 2025May 3, 2025

Economy

Trump Says Americans Should Be Patient After US Economy Contracts

by USNN World NewsApril 30, 2025June 5, 2025

Economy

US Job Openings Slide to 6-Month Low, Layoffs Fall

by USNN World NewsApril 29, 2025April 29, 2025

NATIONAL NEWS

Warren town hall interrupted by angry protester accusing her of ‘siding with terrorists’

By Alex Pappas, Paul Steinhauser | Fox News DOVER, N.H. — An irate protester interrupted the start of Democratic presidential candidate Elizabeth Warren’s campaign event here Friday, angrily accusing the Massachusetts ...

Epstein gave $850G to MIT; three top officials knew he was convicted sex offender, report finds

By Louis Casiano | Fox News Three top administrators at the Massachusetts Institute of Technology knew that Jeffrey Epstein was a convicted sex offender in 2013 but still approved the acceptance ...

California crews dismantle 3-story ‘treehouse’ homeless shelter as final phase of cleanup initiative begins

By Paulina Dedaj | Fox News Officials in Los Angeles County on Thursday tore down a massive three-story makeshift shelter built in the Sepulveda Basin as cleanup crews entered the ...

Giuliani: Supreme Court should step in and declare Trump’s impeachment ‘unconstitutional’

By Morgan Phillips | Fox News President Trump’s personal attorney Rudy Giuliani sounded off about the president’s impeachment Thursday, repeatedly calling on the Supreme Court to step in and ...

McConnell tells GOP senators impeachment trial could start next week

By Mike Emanuel, Alex Pappas | Fox News Senate Majority Leader Mitch McConnell told Republican senators during the party’s weekly lunch meeting Thursday that he expects House Speaker Nancy Pelosi to transmit ...

Dem congressman breaks rank on War Powers Resolution: ‘I refuse to play politics with questions of war and peace’

By Andrew O’Reilly | Fox News A Democratic congressman from New York broke rank with his party on Thursday by vowing to vote against the War Powers Resolution being ...

Surveillance video of Epstein cell on night of 1st alleged suicide attempt deleted, ‘technical errors’ blamed

By Bryan Llenas | Fox News NEW YORK CITY – Surveillance video of Jeffrey Epstein’s jail cell the night of his first alleged suicide attempt last July has been deleted as a ...

Trump Unveils Plan to Speed Up Permits for Big Projects

By Ivan Pentchoukov President Donald Trump on Jan. 9 introduced a plan to expedite the permitting process for major infrastructure projects like oil pipelines ...

Omar claim of PTSD ‘offensive’ to US veterans, Indiana congressman says; Squad member responds

By David Aaro | Fox News An Indiana congressman who served in Afghanistan as a member of the Navy Reserve spoke out on behalf of America’s military veterans Wednesday after U.S. Rep. Ilhan Omar, D-Minn., claimed ...

Pelosi’s impeachment delay opens cracks in Democratic caucus

By Marisa Schultz | Fox News Cracks began to appear Wednesday in congressional Democrats’ support for Nancy Pelosi’s prolonged delay in sending articles of impeachment to the Senate, ...

CNN settles Nick Sandmann defamation lawsuit in Covington Catholic High School controversy

By Joseph A. Wulfsohn | Fox News CNN on Tuesday settled a defamation lawsuit filed by Covington Catholic High School student Nick Sandmann over its botched coverage of ...

Memo to Trump disparages most debate moderators

By Howard Kurtz | Fox News An informal adviser has sent President Trump a memo arguing that his complaints about the fairness of moderators at the 2020 ...