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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 Tom Ozimek Maricopa County in Arizona will carry out a comprehensive forensic audit of its voting systems to allay concerns raised by some constituents about ...
  • Texas AG: Court Ruling on Biden’s 100-Day Deportation Freeze Shows ‘No One’s Above the Law’Texas AG: Court Ruling on Biden’s 100-Day Deportation Freeze Shows ‘No One’s Above the Law’
    By Zachary Stieber Texas Attorney General Ken Paxton on Wednesday celebrated the stay on President Joe Biden’s freeze of most deportations while encouraging other attorneys general to review ...
  • Halting Keystone Pipeline Is Good for Russia: Nikki HaleyHalting Keystone Pipeline Is Good for Russia: Nikki Haley
    By Tom Ozimek Former U.N. Ambassador Nikki Haley said Wednesday that the Biden administration’s axing of the Keystone XL oil pipeline project and what she said were moves to ...
  • Gabbard: Biden Should Denounce His Administration’s Effort to Take Away Civil LibertiesGabbard: Biden Should Denounce His Administration’s Effort to Take Away Civil Liberties
    By Gary Du Former Democratic presidential candidate and former representative for Hawaii, Tulsi Gabbard said in a series of tweets on Tuesday that John Brennans, the Adam ...
  • Advocates Fear Biden Policies Could Undo Trump-Era Protections for Religious LibertyAdvocates Fear Biden Policies Could Undo Trump-Era Protections for Religious Liberty
    By Janita Kan President Joe Biden’s first day in office was marked by a flurry of executive orders. Among those was an order addressing discrimination on the ...
  • California Officials Say the State’s Unemployment Benefits Fraud Could Top $11 BillionCalifornia Officials Say the State’s Unemployment Benefits Fraud Could Top $11 Billion
    By GQ Pan California may have sent out as much as $11 billion in pandemic unemployment benefits to fraudsters, officials said Monday. According to a press release (pdf), California’s ...
  • Trump Endorses Sarah Huckabee Sanders’s Bid for Governor of ArkansasTrump Endorses Sarah Huckabee Sanders’s Bid for Governor of Arkansas
    By Isabel Van Brugen Former President Donald Trump on Monday night publicly endorsed Sarah Huckabee Sanders in her run for Arkansas governor, saying she will “always fight” ...
  • 45 Republican Senators Vote Against Trump Impeachment Trial, Say It’s Unconstitutional45 Republican Senators Vote Against Trump Impeachment Trial, Say It’s Unconstitutional
    By Jack Phillips The 55–45 decision suggests that Trump will not be convicted in an impeachment trial. Forty-five Republican senators voted against holding an impeachment trial of former ...
  • Trump Creates ‘Office of the Former President’ to Advance US Interests, Carry on Trump Admin AgendaTrump Creates ‘Office of the Former President’ to Advance US Interests, Carry on Trump Admin Agenda
    By Mimi Nguyen Ly Former President Donald Trump opened an “Office of the Former President” on Monday that seeks to advance the interests of the United States ...
  • MyPillow Creator Could Run for Governor of Minnesota, Claims Trump EndorsementMyPillow Creator Could Run for Governor of Minnesota, Claims Trump Endorsement
    By Jack Phillips Mike Lindell, the inventor of My Pillow, said he might run for governor of Minnesota, adding that he was promised an endorsement ...
  • First Amendment Rights Being Eroded by Technocrats: Director of Citizens for Free SpeechFirst Amendment Rights Being Eroded by Technocrats: Director of Citizens for Free Speech
    By Ella Kietlinska and Joshua Phillipp The increased censorship of people’s views expressed on social media by Big Tech companies has been part of an ...
  • Growing Number of Republican Senators Oppose Holding Trump Impeachment TrialGrowing Number of Republican Senators Oppose Holding Trump Impeachment Trial
    By Zachary Stieber An increasing number of Republican senators are voicing opposition to holding an impeachment trial against former President Donald Trump, leaving Democrats’ ability to swing enough ...
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