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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

Posts pagination

Newer posts 1 … 9 10 11 12 13 … 102 Older posts

NATIONAL NEWS

  • Alleged Paul Pelosi Attacker Is an Illegal Immigrant, Officials ConfirmAlleged Paul Pelosi Attacker Is an Illegal Immigrant, Officials Confirm
    By Zachary Stieber The man who allegedly attacked Paul Pelosi is an illegal immigrant, U.S. officials have confirmed. “U.S. Immigration and Customs Enforcement (ICE) lodged an immigration detainer ...
  • Biden Takes Heat From Both Sides Over Speech Criticizing ‘Extreme MAGA Republicans’Biden Takes Heat From Both Sides Over Speech Criticizing ‘Extreme MAGA Republicans’
    By Samantha Flom While President Joe Biden undoubtedly expected to receive backlash from Republicans following his Nov. 2 speech warning that “democracy is under threat” from supporters of ...
  • A Key Date in the Efforts Against an Incoming PresidentA Key Date in the Efforts Against an Incoming President
    By Jeff Carlson News Analysis Jan. 12, 2017, has proven to be an incredibly important date in American politics. It was on this date that Igor Dancehnko’s ...
  • Plaintiffs Ask Judge to Find Benson in Contempt of Court for Failing to Correct Election Guidance ManualPlaintiffs Ask Judge to Find Benson in Contempt of Court for Failing to Correct Election Guidance Manual
    By Steven Kovac A Michigan Court of Claims judge has been asked to declare Secretary of State Jocelyn Benson, a Democrat, in contempt for noncompliance ...
  • Wisconsin Court Shoots Down Attempt to Change Rules for Absentee Ballots Before MidtermsWisconsin Court Shoots Down Attempt to Change Rules for Absentee Ballots Before Midterms
    By Katabella Roberts A Wisconsin judge on Wednesday dealt a blow to a group in the state who hoped to change rules governing absentee ballots, denying their request ...
  • Massachusetts Governor, Overwhelmed by Illegal Immigrants, Asks Biden Admin for HelpMassachusetts Governor, Overwhelmed by Illegal Immigrants, Asks Biden Admin for Help
    By Samantha Flom Massachusetts Gov. Charlie Baker has appealed to the Biden administration for assistance in supporting the influx of illegal immigrants seeking refuge in ...
  • Pennsylvania Supreme Court Orders Undated, Wrongly Dated Ballots to Not Be CountedPennsylvania Supreme Court Orders Undated, Wrongly Dated Ballots to Not Be Counted
    By Mimi Nguyen Ly The Pennsylvania Supreme Court on Tuesday ordered counties to not count any ballots that are in undated or incorrectly dated envelopes in the ...
  • Florida Midterms: Republicans Surpass Democrats in Vote-By-Mail and Early Voting NumbersFlorida Midterms: Republicans Surpass Democrats in Vote-By-Mail and Early Voting Numbers
    By Patricia Tolson With only one week to go until the Nov. 8 midterm election, Republicans have surpassed Democrats in vote-by-mail and early voting numbers. According ...
  • Democrats Likely to Lose More Than 20 House Seats in 2022 Midterm: Cook Political ReportDemocrats Likely to Lose More Than 20 House Seats in 2022 Midterm: Cook Political Report
    By Jack Phillips The head of the Cook Political Report predicted that Democrats are likely to lose more than 20 seats in the House of ...
  • Biden Claims There Are ‘54 States’ Amid Concerns Over Cognitive AbilityBiden Claims There Are ‘54 States’ Amid Concerns Over Cognitive Ability
    By Lorenz Duchamps President Joe Biden has once again become a center point of discussion after claiming at a campaign rally in Pennsylvania that there ...
  • Alleged Paul Pelosi Attacker Charged With Assault, Attempted MurderAlleged Paul Pelosi Attacker Charged With Assault, Attempted Murder
    By Zachary Stieber The man who allegedly attacked the husband of U.S. House Speaker Nancy Pelosi (D-Calif.) was charged Oct. 31 with federal and state ...
  • U.S. Chief Justice Roberts pauses fight over Trump tax returnsU.S. Chief Justice Roberts pauses fight over Trump tax returns
    By Reuters WASHINGTON, Nov 1 (Reuters) – U.S. Chief Justice John Roberts on Tuesday temporarily blocked a U.S. House of Representatives committee from gaining access ...
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