USNN World News

Economy

The Fed Fears Inflation While Ignoring Deflation

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Economy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire

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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

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Economy

How Major US Stock Indexes Fared May 7

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Economy

How Major US Stock Indexes Fared May 6

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Economy

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

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Economy

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

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Economy

Trump Says Americans Should Be Patient After US Economy Contracts

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NATIONAL NEWS

NBC’s Dem debate leaves liberal CNN with lowly viewership

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Trump, energized after Dems’ debate melee, takes rally blitz to Colorado

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Trump says Roger Stone has ‘very good chance of exoneration’ in Las Vegas

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Trump signs memorandum diverting more water to California farmers

By Andrew O’Reilly | Fox News President Trump on Wednesday signed a memorandum directing more of California’s scarce water supply to farmers and other agriculture interests in the ...

Trump holds Arizona rally, pushing MAGA message during Dem debate

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Bloomberg under siege at Dem debate, as Sanders and Warren take on rising billionaire

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George Zimmerman sues Warren, Buttigieg for $265M, accuses them of attempting to garner black votes by defaming him

By Danielle Wallace | Fox News George Zimmerman wants $100M from Trayvon Martin’s family and others in lawsuit George Zimmerman, a former neighborhood watch volunteer, is suing the ...

Bloomberg once praised Trump as a ‘great guy,’ referred to himself as ‘big fan’ of future POTUS

By Joseph A. Wulfsohn | Fox News Long before former New York City Mayor Michael Bloomberg launched his campaign to defeat President Trump in 2020, he offered praise for the fellow ...

Trump commutes sentence of ex-Gov. Blagojevich, pardons Kerik

By Tyler Olson, John Roberts | Fox News President Trump issued a spree of clemency decisions Tuesday for high-profile figures — most notably commuting the sentence of former Democratic Illinois ...

Curtis Hill: Black History Month 2020 — remembering Harriet Tubman’s American story of freedom

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Trump threatens lawsuits over Mueller probe, blasts prosecutors on Stone case

By Brooke Singman | Fox News President Trump on Tuesday blasted the federal prosecutors who until recently were working GOP operative Roger Stone’s case, while even threatening to ...

South Dakota governor slams Bloomberg’s ‘pompous ignorance’ about America’s farmers

By Talia Kaplan | Fox News South Dakota Gov. Kristi Noem slammed Democratic presidential candidate Michael Bloomberg for past comments that appear to belittle both farmers and factory workers. She said on “Fox & Friends” ...