USNN World News

Economy

The Fed Fears Inflation While Ignoring Deflation

by USNN World NewsMay 14, 2025May 14, 2025

Economy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire

by USNN World NewsMay 13, 2025October 29, 2025

Economy

US Inflation Slows to Lowest Level Since February 2021

by USNN World NewsMay 13, 2025May 13, 2025

Economy

Markets Rally After US, China Announce 90-day Tariff Reductions

by USNN World NewsMay 12, 2025May 12, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

by 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.”

Economy

Panasonic Announces 10,000 Layoffs Worldwide

by USNN World NewsMay 9, 2025May 9, 2025

Economy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

by USNN World NewsMay 8, 2025May 12, 2025

Economy

How Major US Stock Indexes Fared May 7

by USNN World NewsMay 7, 2025May 7, 2025

Economy

How Major US Stock Indexes Fared May 6

by USNN World NewsMay 6, 2025May 6, 2025

Economy

Oil Prices Sink After OPEC+ Agrees to Boost Production in June

by USNN World NewsMay 5, 2025May 5, 2025

Economy

Market Review: S&P 500 and Dow Achieve Nine-Day Rally

by USNN World NewsMay 3, 2025May 3, 2025

Economy

Trump Says Americans Should Be Patient After US Economy Contracts

by USNN World NewsApril 30, 2025June 5, 2025

NATIONAL NEWS

Minneapolis City Council announces veto-proof push to disband police in George Floyd aftermath

By Peter Aitken | Fox News Minneapolis’ left-leaning City Council members on Sunday announced a veto-proof push to disband the Minneapolis police department, ramping up a major conflict inside ...

Jeff Bezos ‘happy to lose’ customers over Black Lives Matter stance

By Daniella Genovese FOXBusiness Amazon founder shares email from customer who criticized company’s stance Amazon founder Jeff Bezos responded to a profanity-laced email from a customer who criticized the company’s ...

‘Defund the police’ wrests support from politicians coast-to-coast – and steamrolls holdouts

By Tyler Olson | Fox News In the wake of George Floyd’s death, calls to “defund the police” have in a matter of days escalated from a fringe campaign to ...

Trump mocks Romney for marching with protesters to White House: ‘What a guy’

By Brooke Singman | Fox News President Trump on Monday mocked Mitt Romney for marching with protesters to the White House over the weekend, sarcastically praising the Utah senator’s ...

NY Times editorial page editor resigns amid staff fury over Tom Cotton op-ed

By Bradford Betz | Fox News The New York Times announced Sunday that Editorial Page Editor James Bennet is resigning — amid reports of anger inside the ...

Buffalo cops caught on video pushing 75-year-old to the ground plead not guilty

By Chris Irvine | Fox News Two Buffalo police officers have pleaded not guilty to assault after they were caught on camera shoving a 75-year-old man to ...

Biden Says 10-15 Percent of Americans Are ‘Just Not Very Good People’

By Tom Ozimek Democrat presidential nominee Joe Biden said Thursday that while he believes the “vast majority” of Americans are decent, he estimated that there around 10 ...

Washington Braces as George Floyd Protests Begin

BY TOM OZIMEK Protests have begun in Washington, District of Columbia, on Saturday as authorities brace for what is expected to be one of the biggest demonstrations ...

Washington Post blasted over inaccurate ‘grim milestone’ tweet on unemployment rate: ‘It’s not true’

By Brian Flood | Fox News The Washington Post was blasted on social media after it jumped the gun with an inaccurate tweet Friday claiming the May U.S. ...

Republicans returning fire in 2020 battle for Senate

By Paul Steinhauser | Fox News Democrats have been playing offense so far this year as they try to regain the majority in the Senate for the first ...

Lindsey Graham fires back at Gen. Mattis: You’re buying into an ‘unfair’ narrative

By Talia Kaplan | Fox News Sen. Lindsey Graham, R-S.C., pushed back Thursday on former Secretary of Defense Gen. Jim Mattis’ criticism of President Trump’s handling of the unrest in ...

Project Veritas Infiltrates Antifa, Reveals Organized Training in Violent Action

By Petr Svab At least some parts of the anarcho-communist movement Antifa are highly organized, including initiation procedures, security protocols, and “lectures” on violent action, according to ...