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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

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    By Frank Fang Venezuela is deliberately releasing prisoners, among them violent criminals, and has them travel to the U.S. southern border, a development that prompted ...
  • Judge in Trump Records Case Blocks Special Master From Viewing Materials With Classified MarkingsJudge in Trump Records Case Blocks Special Master From Viewing Materials With Classified Markings
    By Zachary Stieber The U.S. judge in charge of disputes over records seized from former President Donald Trump’s home on Sept. 22 blocked the special master she appointed ...
  • Alan Dershowitz: New York AG Should Be Removed From Trump Family InvestigationAlan Dershowitz: New York AG Should Be Removed From Trump Family Investigation
    Jack Phillips Legal scholar Alan Dershowitz suggested that former President Donald Trump should move to have New York Attorney General Letitia James recused and disqualified from the investigation into ...
  • Justice Department Failed to Report Nearly 1,000 Deaths in State and Local Prisons: Senate CommitteeJustice Department Failed to Report Nearly 1,000 Deaths in State and Local Prisons: Senate Committee
    By Katabella Roberts A probe by the Senate’s Permanent Subcommittee on Investigations and the Government Accountability Office has found that the Department of Justice (DOJ) ...
  • New York AG Files Civil Lawsuit Against Trump, Former President RespondsNew York AG Files Civil Lawsuit Against Trump, Former President Responds
    By Jack Phillips New York Attorney General Letitia James on Wednesday filed (pdf) a civil lawsuit against former President Donald Trump, the Trump Organization, three of his children, ...
  • China Weaponizes Fentanyl Issue Against America: ExpertChina Weaponizes Fentanyl Issue Against America: Expert
    By Hannah Ng and Tiffany Meier China has played a key role in flooding America with fentanyl, and the regime is now weaponizing the drug issue against the United ...
  • Democrats Vote Down GOP Resolution to Investigate Hunter BidenDemocrats Vote Down GOP Resolution to Investigate Hunter Biden
    By Jack Phillips The Democrat-controlled House Oversight Committee on Tuesday voted down a GOP effort to investigate President Joe Biden’s son, Hunter, over his foreign business dealings. Before ...
  • 24 Attorneys General Demand Credit Card Companies Drop Plans to Track Gun Sales24 Attorneys General Demand Credit Card Companies Drop Plans to Track Gun Sales
    By Tom Ozimek Two dozen Republican attorneys general have sent a letter to Visa, Mastercard, and American Express demanding the credit card companies abandon plans to track gun sales ...
  • COVID-19 Emergency Powers, Green New Deal Paving Way for ‘Great Reset’ Tyranny: Climate JournalistCOVID-19 Emergency Powers, Green New Deal Paving Way for ‘Great Reset’ Tyranny: Climate Journalist
    By Ella Kietlinska and Joshua Philipp COVID-19 restrictions and measures to tackle climate change are pillars of the Great Reset initiative aimed to remake global capitalism, leading ultimately to tyrannical ...
  • Government Hasn’t Proven Trump Held Classified Records: Trump LawyersGovernment Hasn’t Proven Trump Held Classified Records: Trump Lawyers
    By Zachary Stieber U.S. officials have not proven that former President Donald Trump held classified records, lawyers for the ex-president said in a new filing on Sept. ...
  • Biden Admin’s New ‘Climate Cop’ Studied at CCP-Controlled University With Ties to Chinese MilitaryBiden Admin’s New ‘Climate Cop’ Studied at CCP-Controlled University With Ties to Chinese Military
    By Frank Fang A former employee at New York’s financial regulator, who once lived in China and got a bachelor’s degree at a Chinese Communist Party-controlled ...
  • GOP Voters ‘Virtually Impossible to Poll’ After Biden’s ‘MAGA Republicans’ Speech: Top PollsterGOP Voters ‘Virtually Impossible to Poll’ After Biden’s ‘MAGA Republicans’ Speech: Top Pollster
    By Jack Phillips Polls may significantly undercount Republican voters and supporters of former President Donald Trump following President Joe Biden’s speech that attacked “MAGA Republicans” earlier this month, ...
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