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

‘QAnon Shaman’ Jacob Chansley Released Early From Prison After Newly Disclosed Jan. 6 Footage

By Zachary Stieber The man known as the QAnon Shaman, who pleaded guilty to breaching the U.S. Capitol, has been released from prison early after ...

Trump-Era Oil Trends Could Have Produced 850 Million More Barrels Under Biden: Expert

By Nathan Worcester The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if ...

White House Quiet on IRS Agent’s Visit to Home of ‘Twitter Files’ Journalist Matt Taibbi

By Tom Ozimek The White House on Wednesday remained silent when asked whether a visit by an IRS agent to “Twitter Files” journalist Matt Taibbi’s ...

Evacuation Ordered as Train Carrying Flammable Materials Derails in Minnesota, Catches Fire

By Tom Ozimek A freight train traveling through Minnesota derailed in a fiery crash near the town of Raymond, prompting an evacuation of area residents. The ...

FBI, US Marshals Offering US$20,000 Reward in Manhunt for Former Maryland Gov. Larry Hogan’s Chief of Staff

By Ryan Morgan The FBI and the U.S. Marshals Service are offering a combined US$20,000 reward for information leading to the arrest of Roy McGrath, ...

DOJ Memos Dissuaded Marshals From Arresting Protestors at SCOTUS Justices’ Homes: Sen. Katie Britt

By Joseph Lord A Senate Republican revealed during a March 28 budget hearing that an internal Department of Justice (DOJ) memo dissuaded U.S. Marshals from ...

Trump Praises Manhattan Grand Jury, Says He’s ‘Gained Such Respect’

By Jack Phillips Former President Donald Trump praised the grand jury impaneled in the Manhattan district attorney’s inquiry targeting him amid reports that he may ...

Arkansas Sues Meta, TikTok for Designing ‘Addictive’ Platforms, Exposing Personal Data

By Katabella Roberts Social media giants Meta and TikTok are being sued by the state of Arkansas for allegedly intentionally designing their platforms to be ...

Supporters at Texas Rally See More ‘Determined’ Trump

By Janet Hisle WACO, Texas—Some of Donald Trump’s biggest supporters sense a shift in the former president’s tone. During his 2024 campaign kick-off speech in Texas this past ...

Tennessee Mourns Day After Nashville Christian School Shooting

By Chase Smith NASHVILLE, Tenn.—Prayers, hugs, flowers, tears. All those things flowed on Tuesday outside of The Covenant School, the private Christian elementary school in ...

Investigation Launched Into Alvin Bragg’s ‘Abusive and Partisan’ Pursuit of Trump

By Tom Ozimek America First Legal (AFL) has launched an investigation into the Manhattan District Attorney’s Office’s “abusive and partisan” pursuit of former President Donald ...

Investigation Reveals ‘Revolving Door’ of DOJ, Big Tech Employees

By Kevin Stocklin In the midst of an ongoing lawsuit against the Biden administration alleging collaboration with social media companies to censor Americans, a new report has ...