National Debt of the United States

Economy

US Pending Home Sales Dip By 3.4 Percent to ‘Lowest Level on Record’: Report

by USNN World NewsMay 15, 2025May 15, 2025

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, 2025May 13, 2025

World

US Officials Say Deal Struck With China to Address Trade Deficit

by USNN World NewsMay 11, 2025June 4, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

by USNN World NewsMay 10, 2025May 10, 2025

National News

US Could Hit Debt Limit in August, Bessent Says

by USNN World NewsMay 9, 2025May 9, 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

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

by USNN World NewsMay 3, 2025May 3, 2025

National News

Key Takeaways From the April Jobs Report

by USNN World NewsMay 2, 2025June 5, 2025

NATIONAL NEWS

Official Chinese Spy Balloon Narrative Comes Under Fire From GOP Lawmakers

By Jack Phillips A growing number of Republicans are calling on the federal government to provide more information about a Chinese balloon that traversed across ...

Legal Experts Break Down Flaws in Trump Indictment

By Gary Bai NEW YORK—Following the unsealing of the indictment against former President Donald Trump on Tuesday, legal experts say the charges laid out in ...

Pelosi’s Tweet Reveals the Real Intentions Behind Trump’s Indictment

By Rajan Laad The reaction to the unprecedented indictment of President Trump was predictable. Most of Trump adversaries responded with unrestrained jubilation. The former director of the ...

Trump Critics Worried About DA’s Charges: ‘Weaker Than I Thought’

By Jack Phillips Former White House adviser John Bolton said the charges against former President Donald Trump were “even weaker than I thought” during an ...

‘I Will Not Be Bullied,’ North Carolina Democrat Representative Switches to Republican

By Matt McGregor State Rep. Tricia Cotham, who won her district Mecklenburg district in the 2022 midterm election, has announced that she’s switching from the ...

Twitter Labels NPR as ‘State-Affiliated Media’ as Elon Musk Says It ‘Seems Accurate’

By Jack Phillips National Public Radio (NPR) was listed by Twitter as a “US state-affiliated media” on Tuesday, drawing outrage from staffers at the outlet. Twitter ...

‘The Only Crime That I’ve Committed Is to Fiercely Defend Our Nation,’ Trump Says After Arraignment

By Nathan Worcester and John Haughey PALM BEACH, Fla.—Former President Donald Trump warned that the United States had sunk to the level of the “old ...

Manhattan Prosecutor ‘Overcharged’ Trump, ‘Weak’ Case Could Backfire With Jury: Legal Analysts

By Janice Hisle The sheer number of counts–34 felonies–filed against former President Donald Trump is surprising and appears to be a classic example of a prosecutor ...

READ: Donald Trump’s Indictment

By Zachary Stieber Former President Donald Trump has been indicted on 34 counts of falsifying business records. Trump was indicted by a New York grand jury ...

Trump awarded nearly $122,000 in attorney fees from Stormy Daniels

By WND News Services (FOX NEWS) — Former President Donald Trump on Tuesday was awarded nearly $122,000 in attorney fees from Stormy Daniels, the porn ...

Trump Pleads Not Guilty to 34-Count Indictment

By Ivan Pentchoukov NEW YORK—Donald Trump, former president and frontrunner for the Republican presidential nomination in 2024, pleaded not guilty in New York on April ...

Trump Attorney Announces Plans to File Motions to Dismiss, Alleging Prosecutorial Misconduct

By Gary Bai Joseph Tacopina, a lawyer defending former president Donald Trump in Manhattan District Attorney Alvin Bragg’s hush money case, announced late Monday his ...