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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

  • Trump Supporters Take Stock of Jan. 6, Feel Mischaracterized by MediaTrump Supporters Take Stock of Jan. 6, Feel Mischaracterized by Media
    By Charlotte Cuthbertson WASHINGTON—Empty streets and a subdued atmosphere characterized Washington on Jan. 7 as Trump supporters processed the events of the previous day and ...
  • Trump Promises ‘Orderly Transition’ After Biden Certified as President-ElectTrump Promises ‘Orderly Transition’ After Biden Certified as President-Elect
    By Zachary Stieber President Donald Trump early Jan. 7 promised there would be an orderly transition on Jan. 20, while vowing to continue to fight to ...
  • Full List: How Members of Congress Voted on Objections to Arizona, Pennsylvania Electoral ResultsFull List: How Members of Congress Voted on Objections to Arizona, Pennsylvania Electoral Results
    By Zachary Stieber Two objections triggered a vote during the joint session of Congress, which spilled into the early hours of Thursday before Joe Biden ...
  • Press Release: Votes Switched throughout U.S. Presidential Race – Institute for Good GovernancePress Release: Votes Switched throughout U.S. Presidential Race – Institute for Good Governance
    By Marjorie Meyers PRESS RELEASE Senior IT Expert at Global Defense Contractor Testifies in Italian Federal Court; He and Others Switched Votes throughout America in the ...
  • Person Shot Inside US Capitol Has Died: PolicePerson Shot Inside US Capitol Has Died: Police
    By Zachary Stieber The woman who was shot inside the U.S. Capitol on Wednesday has died, the Metropolitan Police Department said. A police spokesman told news outlets that ...
  • Georgia Secretary of State Escorted out of State Capitol Building Over Safety ConcernsGeorgia Secretary of State Escorted out of State Capitol Building Over Safety Concerns
    By Cathy He Georgia Secretary of State Brad Raffensperger was evacuated from the state Capitol building on the afternoon of Jan. 6 after protesters gathered near the parking ...
  • Trump Makes Statement to Capitol Protesters, Calls on Them to ‘Go Home Now’Trump Makes Statement to Capitol Protesters, Calls on Them to ‘Go Home Now’
    By Jack Phillips President Donald Trump on Wednesday called on protesters who were amassed near the U.S. Capitol building during the Joint Session of Congress to go ...
  • White House Planning to Refer Brad Raffensperger to Secret Service for Investigation Under the Espionage ActWhite House Planning to Refer Brad Raffensperger to Secret Service for Investigation Under the Espionage Act
    By Jim Hoft President Trump held a one-hour long phone call on Saturday with crooked Secretary of State Brad Raffensperger and state election officials on ...
  • General Tom McInerney and Paul Vallely Reveal AllGeneral Tom McInerney and Paul Vallely Reveal All
    By John Michael Chambers, Alexandra Bruce Gen Tom McInerney and Gen Paul Vallely join John Chambers’ Making Sense of the Madness to say that perhaps ...
  • Trump Urges Pence to Send Electoral Results Back to State LegislaturesTrump Urges Pence to Send Electoral Results Back to State Legislatures
    By Jack Phillips President Donald Trump called on Vice President Mike Pence to send key battleground states’ electoral results back to state legislatures during the Joint Session ...
  • New York Stock Exchange Reverses Course Again, Will Delist 3 Chinese Telecom Firms After AllNew York Stock Exchange Reverses Course Again, Will Delist 3 Chinese Telecom Firms After All
    By Reuters The New York Stock Exchange said on Jan. 6 that it will delist three Chinese telecom companies beginning on Jan. 11, in another U-turn a ...
  • National Guard en Route to Capitol on Orders From TrumpNational Guard en Route to Capitol on Orders From Trump
    By Zachary Stieber The National Guard and other forces are on their way to the U.S. Capitol after people dressed in pro-Trump apparel stormed the building on Wednesday, interrupting ...
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