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Tag: Leading Economic Index (LEI)

The Conference Board Leading Economic Index is an American economic leading indicator intended to forecast future economic activity. It is calculated by The Conference Board, a non-governmental organization, which determines the value of the index from the values of ten key variables.

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

By Andrew Moran U.S. stocks rallied on May 12 after the United States and China agreed to temporary tariff reductions. The blue-chip Dow Jones Industrial Average soared by 1,160 points, or 2.8 percent. The index has erased most of 2025’s losses and is down by less than 1 percent. The tech-heavy Nasdaq Composite Index is […]

US Officials Say Deal Struck With China to Address Trade Deficit
Posted inWorld

US Officials Say Deal Struck With China to Address Trade Deficit

USNN World Newsby USNN World NewsMay 11, 2025May 11, 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
Key Takeaways From the April Jobs Report
Posted inNational News

Key Takeaways From the April Jobs Report

USNN World Newsby USNN World NewsMay 2, 2025May 2, 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, 2025April 30, 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

Posts pagination

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NATIONAL NEWS

  • EPA Targets Engine Start-Stop Systems in CarsEPA Targets Engine Start-Stop Systems in Cars
    By Tom Ozimek The Trump administration is taking aim at automatic engine start-stop systems—technology installed in millions of U.S. vehicles to reduce fuel use and ...
  • Republicans Release Sweeping Tax Plan, Key Component of Trump’s AgendaRepublicans Release Sweeping Tax Plan, Key Component of Trump’s Agenda
    By Andrew Moran The House Ways and Means Committee, which manages taxes, released the full 389-page text of the long-awaited multi-trillion-dollar Republican tax plan on ...
  • US Could Hit Debt Limit in August, Bessent SaysUS Could Hit Debt Limit in August, Bessent Says
    By Andrew Moran and Lawrence Wilson The federal government is likely to exceed its statutory debt limit in August, when Congress is slated for a ...
  • DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention CenterDHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center
    By Tom Ozimek A confrontation erupted Friday at a New Jersey detention center after three Democratic members of Congress and a group of protesters entered ...
  • FEMA Confirms Acting Administrator Hamilton Has Been ReplacedFEMA Confirms Acting Administrator Hamilton Has Been Replaced
    By Jacob Burg Cameron Hamilton, acting administrator of the Federal Emergency Management Agency (FEMA), has been terminated and replaced, the agency said on May 8. Politico ...
  • Army Presents Congress With Plan to Reorganize Fighting Forces, Adapt to Changing BattlesArmy Presents Congress With Plan to Reorganize Fighting Forces, Adapt to Changing Battles
    By Ryan Morgan U.S. Army leaders fielded questions from lawmakers on May 7 over their latest plan to prepare the fighting force and streamline their ...
  • FAA to Address Newark Airport Turmoil With Tech Upgrades, Staffing PushFAA to Address Newark Airport Turmoil With Tech Upgrades, Staffing Push
    By Bill Pan The Federal Aviation Administration (FAA) said Wednesday it is taking immediate steps to address problems that have escalated flight delays and cancellations ...
  • Bessent, Greer to Meet Chinese Officials in SwitzerlandBessent, Greer to Meet Chinese Officials in Switzerland
    By T.J. Muscaro Treasury Secretary Scott Bessent and U.S. Trade Representative (USTR) Jamieson Greer will meet with their Chinese counterparts this week. The news was confirmed ...
  • Trump Says ‘Never Say Never’ as Carney Tells Him Canada Not for SaleTrump Says ‘Never Say Never’ as Carney Tells Him Canada Not for Sale
    By Noe Chartier and Matthew Horwood At his first meeting with newly elected Canadian Prime Minister Mark Carney, U.S. President Donald Trump said his country ...
  • Columbia University Lays Off Nearly 180 Staff After Federal Grant RevocationsColumbia University Lays Off Nearly 180 Staff After Federal Grant Revocations
    By Rudy Blalock Columbia University announced on Tuesday that it will lay off nearly 180 staff members after the Trump administration revoked more than $400 ...
  • Trump Announces National Holidays for World War I and II VictoriesTrump Announces National Holidays for World War I and II Victories
    By Rudy Blalock President Donald Trump has expanded on his plans to alter the days honoring America’s participation in last century’s world wars by declaring ...
  • United Airlines Cancels 10 Percent of Daily Flights From Newark Amid FAA Staffing and Equipment FailuresUnited Airlines Cancels 10 Percent of Daily Flights From Newark Amid FAA Staffing and Equipment Failures
    By Rudy Blalock United Airlines cut 35 flights a day—10 percent of daily flights—from its Newark Liberty International Airport hub in New Jersey starting May ...
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