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Category: Economy

The US Economy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire
Posted inEconomy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire

USNN World Newsby USNN World NewsMay 13, 2025May 13, 2025
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

Posts pagination

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

NATIONAL NEWS

  • Florida to Start Fining Businesses $5,000 for Violations of Vaccine Passport BanFlorida to Start Fining Businesses $5,000 for Violations of Vaccine Passport Ban
    By Tom Ozimek The Florida Department of Health has issued a notice indicating it will start issuing $5,000 fines to businesses, schools, and government agencies that require Floridians ...
  • 26 Dead as Footage Shows Significant Flooding in New York City and New Jersey26 Dead as Footage Shows Significant Flooding in New York City and New Jersey
    By Jack Phillips Torrential rain spawned significant flooding across northern New Jersey, New York City, Philadelphia, and other areas on Wednesday night as the remnants of ...
  • DHS’s E-Verify Authorizes Thousands of Illegal Immigrants to Work in U.S.DHS’s E-Verify Authorizes Thousands of Illegal Immigrants to Work in U.S.
    By Judicial Watch The government’s pricey system to verify that employees are authorized to work legally in the U.S. is somewhat of a joke that ...
  • Court Rules Judicial Watch Lawsuit Can Proceed against Colorado Officials to Force Cleanup of State’s Voter RollsCourt Rules Judicial Watch Lawsuit Can Proceed against Colorado Officials to Force Cleanup of State’s Voter Rolls
    By Judicial Watch (Washington, DC) – Judicial Watch announced today that a federal court ruled its lawsuit can proceed against Colorado officials to force a cleanup of the state’s ...
  • Study Details Costs of Terror Wars: 20 Years, $8 Trillion, 929,000 DeathsStudy Details Costs of Terror Wars: 20 Years, $8 Trillion, 929,000 Deaths
    By Ken Silva In September 2002, the George W. Bush administration said the war against Iraq would cost upward of $200 billion. As it turns ...
  • Officials Agree Social Security, Medicare Are in Deep Trouble, but Solutions Mean Tough ChoicesOfficials Agree Social Security, Medicare Are in Deep Trouble, but Solutions Mean Tough Choices
    By Mark Tapscott Social Security will be unable to pay full benefits a year earlier than previously projected, while Medicare’s insolvency date remains just five years away, ...
  • Student injured in North Carolina high school shooting, suspect on the looseStudent injured in North Carolina high school shooting, suspect on the loose
    By Louis Casiano Father says his son will “remember this forever” A gunman injured one student on Wednesday during a shooting at a North Carolina high school and a ...
  • Texas Legislature Sends Election Reform Bill to Governor’s DeskTexas Legislature Sends Election Reform Bill to Governor’s Desk
    By Mimi Nguyen Ly The Texas Legislature on Tuesday sent a bill to amend the state’s election code to Gov. Greg Abbott’s desk, which is expected to ...
  • Pentagon Acknowledges Americans ‘Stranded’ in Afghanistan After PulloutPentagon Acknowledges Americans ‘Stranded’ in Afghanistan After Pullout
    By Jack Phillips Pentagon spokesman John Kirby on Tuesday acknowledged that Americans were stranded in Afghanistan despite earlier comments to the contrary made by White House officials. He ...
  • American Humane group says US left military dogs behind in AfghanistanAmerican Humane group says US left military dogs behind in Afghanistan
    By Yaron Steinbuch An animal rights group slammed the Biden administration after the US military was accused of leaving its contract dogs behind in Afghanistan ...
  • Sen. McConnell on Total Withdrawal From Afghanistan: ‘One of the Worst Foreign Policy Decisions in American History’Sen. McConnell on Total Withdrawal From Afghanistan: ‘One of the Worst Foreign Policy Decisions in American History’
    By Masooma Haq Senate Minority Leader Mitch McConnell (R-Ky.) criticized President Joe Biden’s decision to completely withdraw from Afghanistan, calling it “one of the worst ...
  • Vulnerable Democrats in Congress Distance Themselves From BidenVulnerable Democrats in Congress Distance Themselves From Biden
    By Joseph Lord As the 2022 midterm elections loom nearer, Democrats in vulnerable House and Senate seats are distancing themselves from President Joe Biden over his handling ...
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