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Category: Economy

The US Economy

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
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

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

NATIONAL NEWS

  • Ethics Committee releases messages showing Tlaib asking campaign for personal money, as ethics probes announcedEthics Committee releases messages showing Tlaib asking campaign for personal money, as ethics probes announced
    By Gregg Re | Fox News The House Ethics Committee on Thursday released a trove of striking internal campaign communications sent in 2018 by Michigan Democratic Rep. Rashida Tlaib, ...
  • Fox News beats all broadcast, cable networks in impeachment hearing viewershipFox News beats all broadcast, cable networks in impeachment hearing viewership
    By Brian Flood | Fox News Fox News’ coverage of the first day of impeachment hearings Wednesday outperformed all broadcast and cable news networks in total viewers, according to ...
  • Ken Starr, Former Clinton Prosecutor, Says Impeachment Efforts Lack a Star WitnessKen Starr, Former Clinton Prosecutor, Says Impeachment Efforts Lack a Star Witness
    By Zachary Stieber Ken Starr, the independent counsel who headed the impeachment investigation of President Bill Clinton in the 1990s, said that House Democrats appear to lack ...
  • Democrat Rep. Van Drew Says Impeachment Testimony Is ‘Hearsay’Democrat Rep. Van Drew Says Impeachment Testimony Is ‘Hearsay’
    By Jack Phillips Rep. Jeff Van Drew (D-N.J.), who represents a congressional district that voted in favor of President Trump, said that diplomat Bill Taylor’s testimony ...
  • Adam Schiff Will Be Called as a Witness in Senate Impeachment Trial: GrahamAdam Schiff Will Be Called as a Witness in Senate Impeachment Trial: Graham
    By Zachary Stieber House Intelligence Chairman Adam Schiff (D-Calif.) will be called as a witness in a Senate impeachment trial, which will be held if ...
  • Kevin McCarthy Says House Democrat Told Him They Want to Switch PartiesKevin McCarthy Says House Democrat Told Him They Want to Switch Parties
    By Jack Phillips House Minority Leader Kevin McCarthy has said some Democrats are starting to second-guess the impeachment inquiry against President Donald Trump, as well as the ...
  • Nancy Pelosi refers to reporter as ‘Mr. Republican talking points’ after whistleblower questionNancy Pelosi refers to reporter as ‘Mr. Republican talking points’ after whistleblower question
    By Brian Flood | Fox News House Speaker Nancy Pelosi accused Sinclair Broadcast Group reporter James Rosen of spouting GOP talking points after he asked a question about the ...
  • Republicans Motion to Subpoena WhistleblowerRepublicans Motion to Subpoena Whistleblower
    By Zachary Stieber Rep. Mike Conaway (R-Texas) in a file photograph in Washington. (Alex Wong/Getty Images) GOP lawmakers on Nov. 13 motioned to subpoena the person ...
  • Cross Examination Exposes Gaps in Impeachment NarrativeCross Examination Exposes Gaps in Impeachment Narrative
    By Ivan Pentchoukov Tough questions from lawmakers show hearsay, opinion, and presumptions underlie crucial claims by star witness Republican lawmakers used the first public ...
  • Name of DNC Operative Alexandra Chalupa Was Redacted in Impeachment Transcripts: NunesName of DNC Operative Alexandra Chalupa Was Redacted in Impeachment Transcripts: Nunes
    By Zachary Stieber House Democrats redacted the name of Alexandra Chalupa, the former Democratic National Committee (DNC) contractor who met with Ukrainian officials to try to ...
  • Trump vows new Ukraine transcript release in post-impeachment hearing press conferenceTrump vows new Ukraine transcript release in post-impeachment hearing press conference
    By Gregg Re | Fox News President Trump tore into House Democrats’ ongoing impeachment inquiry Wednesday during a press conference with Turkey President Recep Tayyip Erdogan, decrying the hearsay-laden “witch hunt” and saying ...
  • Rep. Jordan chides diplomat on quid pro quo claims: ‘Your clear understanding was obviously wrong’Rep. Jordan chides diplomat on quid pro quo claims: ‘Your clear understanding was obviously wrong’
    By Ronn Blitzer | Fox News Republican Rep. Jim Jordan led some of the toughest questioning during Wednesday’s impeachment hearing, challenging Ukraine ambassador William Taylor over his claims that he understood President ...
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