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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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Newer posts 1 … 13 14 15 16 17 … 106 Older posts

NATIONAL NEWS

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    By Brooke Singman | Fox News State Department official George Kent testified Wednesday that he would “love” to see Ukraine look into the circumstances surrounding the closure ...
  • Schiff Convicts Trump as Nunes Poses Three Key Impeachment Questions He Predicts Dems Will IgnoreSchiff Convicts Trump as Nunes Poses Three Key Impeachment Questions He Predicts Dems Will Ignore
    By Mark Tapscott WASHINGTON—Nothing more clearly illustrated the yawning gulf between Democrats and Republicans related to the potential impeachment of President Donald Trump than the ...
  • Schumer Blocks Measure That Would Lower Prescription Drug PricesSchumer Blocks Measure That Would Lower Prescription Drug Prices
    BY ZACHARY STIEBER Senate Minority Leader Chuck Schumer (D-N.Y.) blocked a bill that would lower prescription drug costs, arguing that a measure that addresses other healthcare ...
  • DOJ’s Durham Interviewed Downer, Australia’s Russia Probe Figure, Reports ClaimDOJ’s Durham Interviewed Downer, Australia’s Russia Probe Figure, Reports Claim
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  • Trump impeachment inquiry hearings begin: live blogTrump impeachment inquiry hearings begin: live blog
    By Adam Shaw | Fox News Public hearings began Wednesday in the House impeachment inquiry, focusing on the circumstances surrounding President Trump’s July 25 phone call with ...
  • Adam Schiff to Jim Jordan: ‘I don’t know the identity of the whistleblower’Adam Schiff to Jim Jordan: ‘I don’t know the identity of the whistleblower’
    By Nick Givas | Fox News After House Democrats kicked off their impeachment hearings against President Trump on Wednesday, House Intelligence Committee Chairman Rep. Adam Schiff, D-Calif., claimed he has no knowledge of the Ukraine whistleblower’s identity, despite reports ...
  • DNC Opposition Researcher Working With Ukrainians Visited Obama White House OftenDNC Opposition Researcher Working With Ukrainians Visited Obama White House Often
    By Mark Tapscott WASHINGTON—Alexandra Chalupa, a contracted opposition researcher working in 2015 and 2016 for the Democratic National Committee (DNC) with extensive Ukrainian sources, met with ...
  • Schiff sets stage for impeachment hearings, warns GOP about going after BidensSchiff sets stage for impeachment hearings, warns GOP about going after Bidens
    By Brooke Singman, Mike Emanuel | Fox News House Intelligence Committee Chairman Adam Schiff set the stage for the first public hearings as part of the impeachment inquiry by ...
  • ICIG complaint alleges Trump-Ukraine whistleblower may be soliciting illicit donationsICIG complaint alleges Trump-Ukraine whistleblower may be soliciting illicit donations
    By Gregg Re | Fox News EXCLUSIVE: A newly filed complaint to the Intelligence Community Inspector General (ICIG) alleges that the whistleblower whose allegations touched off House Democrats’ impeachment ...
  • Trump Calls Inquiry ‘No Due Process Scam’ as Public Impeachment Hearings LoomTrump Calls Inquiry ‘No Due Process Scam’ as Public Impeachment Hearings Loom
    By Zachary Stieber Republican President Donald Trump slammed the impeachment inquiry against him—spearheaded by House Democrats with little GOP support—as a “no due process scam” ...
  • Devin Nunes: Released Transcripts Are ‘Devastating to the Democrats’Devin Nunes: Released Transcripts Are ‘Devastating to the Democrats’
    By Jack Phillips Rep. Devin Nunes (R-Calif.), the ranking Republican on the House Intelligence Committee, said that Democrat-released transcripts of impeachment inquiry depositions actually don’t ...
  • ‘Four Key Pieces of Evidence:’ Republicans Outline Strategy Against Impeachment in New Memo‘Four Key Pieces of Evidence:’ Republicans Outline Strategy Against Impeachment in New Memo
    By Zachary Stieber Republican House members circulated a memo on Nov. 12 outlining “four key pieces of evidence” from the impeachment inquiry against Republican President ...
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