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Category: Economy

The US Economy

Moody’s Strips US of Final AAA Rating Over Rising Debt, Interest Costs
Posted inEconomy

Moody’s Strips US of Final AAA Rating Over Rising Debt, Interest Costs

USNN World Newsby USNN World NewsMay 17, 2025June 4, 2025
US Pending Home Sales Dip By 3.4 Percent to ‘Lowest Level on Record’: Report
Posted inEconomy

US Pending Home Sales Dip By 3.4 Percent to ‘Lowest Level on Record’: Report

USNN World Newsby USNN World NewsMay 15, 2025May 15, 2025
The Fed Fears Inflation While Ignoring Deflation
Posted inEconomy

The Fed Fears Inflation While Ignoring Deflation

USNN World Newsby USNN World NewsMay 14, 2025May 14, 2025
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, 2025October 29, 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

Posts pagination

Newer posts 1 … 13 14 15 16 17 … 106 Older posts

NATIONAL NEWS

  • Rep. Jordan Makes Trump Investigation Demand to DOJ, Sets June 20 DeadlineRep. Jordan Makes Trump Investigation Demand to DOJ, Sets June 20 Deadline
    By Jack Phillips House Judiciary Chairman Jim Jordan (R-Ohio) on Tuesday demanded the Department of Justice (DOJ) produce documents in connection to special counsel Jack ...
  • Lawmakers Call for Transparency After Whistleblower Alleges US Has Recovered Alien CraftLawmakers Call for Transparency After Whistleblower Alleges US Has Recovered Alien Craft
    By Lawrence Wilson The American people have a right to know whether elements within the intelligence establishment have withheld information on crashed UFOs that were ...
  • Trump Decries ‘Marxists and Fascists’ in DOJ, FBI ‘Going After Me’ in Classified Documents ProbeTrump Decries ‘Marxists and Fascists’ in DOJ, FBI ‘Going After Me’ in Classified Documents Probe
    By Ryan Morgan Former president and Republican 2024 frontrunner Donald Trump lashed out at the U.S. Department of Justice (DOJ) and FBI in a series ...
  • Former Intelligence Official Says Congress Being Kept in the Dark About ‘Nonhuman’ AircraftFormer Intelligence Official Says Congress Being Kept in the Dark About ‘Nonhuman’ Aircraft
    A former intelligence officer claims classified information about the US government’s possession of nonhuman craft is being unlawfully hidden from Congress. The ex-officer, David ...
  • New Hampshire Gov. Sununu Won’t Run for President in 2024New Hampshire Gov. Sununu Won’t Run for President in 2024
    New Hampshire Gov. Chris Sununu won’t seek the Republican nomination for President in 2024. He cites the expanding Republican field as a factor.
  • US Treasury Poised to Unleash $1 Trillion in Bonds After Debt Ceiling DealUS Treasury Poised to Unleash $1 Trillion in Bonds After Debt Ceiling Deal
    By Andrew Moran The U.S. Treasury is poised to replenish its bank account at the Federal Reserve, now that the bipartisan debt ceiling agreement has ...
  • ‘I Support the Constitution—That Includes the Second Amendment’: RFK Jr. on Gun Rights‘I Support the Constitution—That Includes the Second Amendment’: RFK Jr. on Gun Rights
    By Joseph Lord and Roman Balmakov Presidential contender Robert F. Kennedy Jr. says that he supports Second Amendment and would not seek a gun confiscation ...
  • FBI Fails to Hand Over Document Alleging Biden Bribery Scheme; Republicans to Initiate Contempt ProceedingsFBI Fails to Hand Over Document Alleging Biden Bribery Scheme; Republicans to Initiate Contempt Proceedings
    By Joseph Lord Rep. James Comer (R-Ky.) says the FBI has failed to produce an unclassified document alleging President Joe Biden may have engaged in ...
  • ‘My Family Is Gone’: No Survivors Aboard Plane That Triggered Supersonic F-16 Response‘My Family Is Gone’: No Survivors Aboard Plane That Triggered Supersonic F-16 Response
    A small plane crashed in Virginia, killing all four on board, including the president of a Florida-based company and her granddaughter. The plane went ...
  • True Death Toll in Russia–Ukraine War ‘Far More’ Than Reported: TrumpTrue Death Toll in Russia–Ukraine War ‘Far More’ Than Reported: Trump
    Former President Donald Trump claims officials are lying about casualties in the Russia-Ukraine war, stating that the numbers are much higher. He also believes ...
  • FBI Director Agrees to Show Document Alleging Biden Bribery Scheme to House Oversight LeadersFBI Director Agrees to Show Document Alleging Biden Bribery Scheme to House Oversight Leaders
    FBI Director Christopher Wray has agreed to provide a subpoenaed document related to the Biden family’s investigation to Capitol Hill. The document, an FD-1023, ...
  • US Munitions Stockpile Too Low to Defend in War Over TaiwanUS Munitions Stockpile Too Low to Defend in War Over Taiwan
    US officials have spent tens of billions of dollars to aid Ukraine’s fight against Russia, depleting its own munitions stockpiles. Army Secretary Christine Wormuth ...
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