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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

  • Florida Judge Blocks Biden’s Debt Relief Program for Non-White FarmersFlorida Judge Blocks Biden’s Debt Relief Program for Non-White Farmers
    By Jack Phillips A federal judge in Florida temporarily halted the White House’s $4 billion debt relief program that targeted farmers on the basis of race, saying ...
  • Wisconsin Senate Passes ‘Second Amendment Sanctuary’ BillWisconsin Senate Passes ‘Second Amendment Sanctuary’ Bill
    By Jack Phillips Wisconsin’s GOP-led state Senate on Wednesday passed a measure to turn the state into a “Second Amendment sanctuary,” becoming the latest to ...
  • Newsom to Officially Face Recall ElectionNewsom to Officially Face Recall Election
    By Ivan Pentchoukov The petition to recall California Gov. Gavin Newsom has cleared its final hurdle on June 23 with confirmation from the state’s top election official ...
  • New Law Requires Florida Students to Be Taught About ‘The Evils of Communism’New Law Requires Florida Students to Be Taught About ‘The Evils of Communism’
    By Mimi Nguyen Ly High school students in Florida will be required to learn about “the evils of communism” under one of three bills Gov. Ron DeSantis signed ...
  • Pennsylvania House Passes Election Integrity Bill: ‘The System Does Not Work’Pennsylvania House Passes Election Integrity Bill: ‘The System Does Not Work’
    By Jack Phillips The Pennsylvania state House on Tuesday night approved a Republican-backed election reform bill that would include a requirement that voters present identification, among other ...
  • Georgia Conducting Secret 2020 Ballot Review—Keeping Plaintiffs in the DarkGeorgia Conducting Secret 2020 Ballot Review—Keeping Plaintiffs in the Dark
    By Paul Sperry, Real Clear Investigations After several Fulton County, Ga., poll monitors testified last year that boxes of mail-in ballots for Joe Biden looked liked they’d been ...
  • Former White House Chief of Staff: DeSantis Won’t Run Against Trump in 2024Former White House Chief of Staff: DeSantis Won’t Run Against Trump in 2024
    By Zachary Stieber Former President Donald Trump’s former chief of staff is alleging that Florida Gov. Ron DeSantis will not run for president in 2024 if ...
  • Arizona-Style Election Audit Needed in Nevada: GOP ChairmanArizona-Style Election Audit Needed in Nevada: GOP Chairman
    By Jack Phillips After visiting the election audit of Arizona’s Maricopa County, the head of Nevada’s Republican Party said a similar review is needed in Nevada—although that possibility appears slim, as ...
  • McCarthy Responds to Speculation That Trump Should Be Elected House SpeakerMcCarthy Responds to Speculation That Trump Should Be Elected House Speaker
    By Jack Phillips House Minority Leader Kevin McCarthy (R-Calif.) responded to speculation about former President Donald Trump potentially being voted as House speaker if Republicans take the House majority ...
  • Maricopa County Audit Report Expected in AugustMaricopa County Audit Report Expected in August
    By Zachary Stieber The final report for the 2020 election audit taking place in Arizona’s largest county is not expected to be out until August, an official involved ...
  • Gov. Abbott Signs Into Law 7 Bills Enforcing Second Amendment in Texas, Including Constitutional CarryGov. Abbott Signs Into Law 7 Bills Enforcing Second Amendment in Texas, Including Constitutional Carry
    By Katabella Roberts Texas Gov. Greg Abbott on June 17 signed into law seven pieces of gun-rights related legislation aimed at enforcing the protection of Second Amendment Rights in Texas. The ...
  • Pennsylvania Election Audit a ‘Very Real Possibility’: Top Senate RepublicanPennsylvania Election Audit a ‘Very Real Possibility’: Top Senate Republican
    By Jack Phillips A Pennsylvania Senate Republican suggested that an election audit in the commonwealth is a “very real possibility” after meeting with a group of audit activists at ...
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