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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

  • Ex-FBI Boss Says FBI Trump Search Warrant Could Be ‘Suppressed’Ex-FBI Boss Says FBI Trump Search Warrant Could Be ‘Suppressed’
    By Jack Phillips A former top FBI official said the warrant used to search former President Donald Trump’s Mar-a-Lago residence may be thrown out due to its scope. On ...
  • Judge Orders Fauci, Other Top Officials to Produce Records for Big Tech–Government Censorship LawsuitJudge Orders Fauci, Other Top Officials to Produce Records for Big Tech–Government Censorship Lawsuit
    By Zachary Stieber Dr. Anthony Fauci, White House press secretary Karine Jean-Pierre, and other top Biden administration officials who were resisting efforts to obtain their communications ...
  • Pro-Trump Candidate Wins Massachusetts Republican Gubernatorial PrimaryPro-Trump Candidate Wins Massachusetts Republican Gubernatorial Primary
    By Ivan Pentchoukov Geoff Diehl, a pro-Trump and pro-life Republican, won the Massachusetts GOP gubernatorial primary on Sept. 6. Diehl, a former state representative, defeated Chris Doughty, a businessman ...
  • Former Greenpeace Founder Patrick Moore Debunks the False Narratives of Climate ChangeFormer Greenpeace Founder Patrick Moore Debunks the False Narratives of Climate Change
    By Lee Young-Jeong Patrick Moore, one of the founders of Greenpeace said in an email obtained by The Epoch Times that his reasons for leaving Greenpeace were ...
  • FBI Stole Donald Trump’s Medical Records, Tax Docs from Mar-a-LagoFBI Stole Donald Trump’s Medical Records, Tax Docs from Mar-a-Lago
    By M. Dowling Federal Judge Aileen M. Cannon revealed Monday that former President Trump’s medical records and documents related to his accounting information and taxes were seized ...
  • Judge Grants Trump Motion for Special Master to Review Records Seized by FBIJudge Grants Trump Motion for Special Master to Review Records Seized by FBI
    By Zachary Stieber A U.S. judge on Sept. 5 agreed to insert a special master into the review process for records seized from former President Donald ...
  • Federal Investigators Exposed to Potentially Privileged Trump Information May Still Be Working on CaseFederal Investigators Exposed to Potentially Privileged Trump Information May Still Be Working on Case
    By Zachary Stieber Federal agents who are investigating former President Donald Trump may still be working on the case despite being exposed to potentially privileged information, according ...
  • California Extends ‘Flex Alert,’ Warns Drivers Not to Charge Electric CarsCalifornia Extends ‘Flex Alert,’ Warns Drivers Not to Charge Electric Cars
    By Jack Phillips Authorities in California extended a “Flex Alert” telling residents to conserve energy, including not charging their electric vehicles, on Sunday afternoon and evening. The alert ...
  • Heritage Foundation’s Oversight Project Files FOIA Lawsuit for Key DOJ, NARA DocumentsHeritage Foundation’s Oversight Project Files FOIA Lawsuit for Key DOJ, NARA Documents
    By Mark Tapscott Attorneys representing the Heritage Foundation’s Oversight Project are suing the Department of Justice (DOJ) and the National Archives and Records Administration (NARA) for refusing ...
  • Republican Lawmakers Vow to Impeach Biden If GOP Retakes HouseRepublican Lawmakers Vow to Impeach Biden If GOP Retakes House
    By Eva Fu With Republicans bullish about their chances of controlling the House after November’s midterms, some GOP lawmakers are already eyeing to make inroads ...
  • Trump Claims FBI Searched Teenage Son Barron’s RoomTrump Claims FBI Searched Teenage Son Barron’s Room
    By Jack Phillips Former President Donald Trump on Saturday revealed that the FBI searched his 16-year-old son Barron’s room during the raid on Mar-a-Lago last month. FBI agents “rifled through” ...
  • US Maintains Trump-Era China Tariffs, While Review ContinuesUS Maintains Trump-Era China Tariffs, While Review Continues
    By Alex Wu The U.S. government said that it will continue to impose tariffs on hundreds of billions of dollars worth of Chinese goods on ...
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