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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

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

NATIONAL NEWS

  • Warden at Jail Holding Epstein Associate Ghislaine Maxwell Charged With MurderWarden at Jail Holding Epstein Associate Ghislaine Maxwell Charged With Murder
    By Zachary Stieber A warden at a federal prison holding Jeffrey Epstein associate Ghislaine Maxwell was charged with murder this week. Antonia Ashford, 44, of Jackson, New Jersey, was charged ...
  • New Identity Authentication Requirement for Unemployment Spreads Across the CountryNew Identity Authentication Requirement for Unemployment Spreads Across the Country
    By Beth Brelje Pennsylvania now requires individuals filing for unemployment compensation to prove their identity before receiving payments. In an effort to prevent fraudulent claims which ...
  • Arizona Senator Arrested for Suspected Sexual Conduct With ChildArizona Senator Arrested for Suspected Sexual Conduct With Child
    By Zachary Stieber A Democrat senator in Arizona was arrested on Thursday for allegedly being sexually involved with a minor. State Sen. Tony Navarrete was taken into custody, local ...
  • Wisconsin Election Officials Remove Over 205,000 From Voter RollsWisconsin Election Officials Remove Over 205,000 From Voter Rolls
    By Zachary Stieber Election officials in Wisconsin have deleted more than 205,000 names from voter registration rolls as part of maintaining the lists, they announced on Aug. ...
  • Senator Proposes Bill to Mandate Voter ID for States That Mandate Vaccine PassportsSenator Proposes Bill to Mandate Voter ID for States That Mandate Vaccine Passports
    By Jack Phillips A Republican senator introduced a bill that mandates voter identification laws for states that mandate COVID-19 vaccine passports. So far, no state has mandated ...
  • School Board President Rips Mic Away From Mother Speaking Out Against CRTSchool Board President Rips Mic Away From Mother Speaking Out Against CRT
    By Isabel Van Brugen A Pennsylvania school board president is facing backlash after he cut off an Iranian immigrant mother who was speaking out against ...
  • Carey, Brown Win in Ohio Special Election PrimariesCarey, Brown Win in Ohio Special Election Primaries
    By Zachary Stieber Candidates backed by former President Donald Trump and House Majority Whip Jim Clyburn (D-S.C.) appear to be headed to Congress after winning primaries in special elections ...
  • Fight Social Media Censorship by Suing for Discrimination, Think Tank Head UrgesFight Social Media Censorship by Suing for Discrimination, Think Tank Head Urges
    By Matthew Vadum The best way to fight social media censorship is to promote model state legislation all across the country that gives users the right to sue ...
  • Maricopa County, Dominion Defy Arizona Senate’s SubpoenasMaricopa County, Dominion Defy Arizona Senate’s Subpoenas
    By Zachary Stieber Officials in Arizona’s largest county and Dominion Voting Systems on Monday announced their defiance of the state Senate’s latest round of subpoenas, continuing ...
  • Newsom Recall Backers Sue to Block Framing of Effort as ‘Republican Takeover’ of CaliforniaNewsom Recall Backers Sue to Block Framing of Effort as ‘Republican Takeover’ of California
    By Tom Ozimek Key backers of the recall election against California Gov. Gavin Newsom have filed a lawsuit to prevent the Democrat governor from framing the contest as a Trump-aligned Republican ...
  • GOP Report Says Wuhan Lab Leak Source of CCP VirusGOP Report Says Wuhan Lab Leak Source of CCP Virus
    By Tom Ozimek House Republicans have released an addendum to their Origins of COVID-19 (pdf) report released last year, concluding that evidence points to a leak from ...
  • Trump Amends Big Tech Lawsuit as 65,000 Americans Submit Censorship StoriesTrump Amends Big Tech Lawsuit as 65,000 Americans Submit Censorship Stories
    By Tom Ozimek Former President Donald Trump’s legal team has amended his class action lawsuit against Big Tech to incorporate additional class representatives and more censorship stories provided by ...
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