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Tag: Markets (economy)

A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are unimpeded by price controls or restrictions on contract freedom.

New Vehicle Inventory in April Declines, Affordability Worsens: Cox Automotive Analysis
Posted inEconomy

New Vehicle Inventory in April Declines, Affordability Worsens: Cox Automotive Analysis

USNN World Newsby USNN World NewsMay 19, 2025May 19, 2025

By Naveen Athrappully Inventory of new vehicles decreased in April by 7.4 percent month over month and was down by 10.5 percent from 2024, according to automotive services company Cox Automotive. Inventories are “not being replenished at the same rate of sales,” the company said in a May 15 statement. “Some automakers are likely holding […]

Market Review: Stocks Roar Back in 5-Day Winning Streak
Posted inEconomy

Market Review: Stocks Roar Back in 5-Day Winning Streak

USNN World Newsby USNN World NewsMay 18, 2025May 18, 2025
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, 2025May 17, 2025
Barclays Revises US Recession Outlook After China Trade Truce
Posted inNational News

Barclays Revises US Recession Outlook After China Trade Truce

USNN World Newsby USNN World NewsMay 16, 2025May 16, 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, 2025May 13, 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
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

Posts pagination

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NATIONAL NEWS

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