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

National Archives Sued for Shielding Documents Declassified by Trump

By Zachary Stieber The National Archives and Records Administration is illegally withholding documents that were declassified by then-President Donald Trump, according to a new lawsuit. The ...

The Disinformation-Industrial Complex vs. Domestic Terror

By Benjamin Weingarten and RealClearInvestigations Combating disinformation has been elevated to a national security imperative under the Biden administration, as codified in its first-of-its-kind National Strategy for Countering ...

Kellyanne Conway Breaks Silence on Michael Cohen’s Trump Allegations

By Jack Phillips Former White House adviser Kellyanne Conway disputed allegations made by former President Donald Trump’s attorney Michael Cohen that are being investigated by ...

Arizona Supreme Court Breathes New Life Into Key Part of Kari Lake’s Election Lawsuit

By Tom Ozimek The Arizona Supreme Court has sent a key part of Kari Lake’s election lawsuit back to trial court for review, breathing new ...

Trump Lawyer Says Manhattan DA Bragg Should Be Investigated, Ethics Complaint Filed

By Gary Bai Joseph Tacopina, attorney for former President Donald Trump, has accused Manhattan District Attorney Alvin Bragg of violating prosecutorial conduct in his case ...

TikTok a CCP ‘Intelligence Weapon’: Experts Sound Alarm on Threat

By Andrew Thornebrooke News Analysis Social media giant TikTok is aggressively lobbying in Washington ahead of congressional hearings on the company’s ties to China’s communist regime. TikTok ...

‘Totally Exculpatory’: Trump Reveals Cohen Attorney Letter He Says Will Undercut Manhattan DA’s Case

By Gary Bai Former President Donald Trump on Wednesday revealed a letter that he says is “totally exculpatory” evidence proving his innocence in the Stormy ...

Manchin Says Biden’s ‘Radical’ ESG Agenda Is ‘Absolutely Infuriating,’ Undermines National Security

By Tom Ozimek Senator Joe Manchin (D-W.Va.) sharply criticized the Biden administration on Monday after President Joe Biden vetoed bipartisan legislation aimed at blocking a ...

DeSantis Says He Could Win in 2024, but Stops Short of Announcing a Run

By Katabella Roberts Florida Gov. Ron DeSantis has touted his ability to defeat President Joe Biden in the 2024 elections if he enters the presidential race. In ...

Trump Says Key Witness ‘Told the Truth’ and Left ‘Great’ Impression on Manhattan Grand Jury

By Jack Phillips Former President Donald Trump said that his former attorney, Michael Cohen, isn’t a credible witness as another Trump-affiliated lawyer, Robert Costello, indicated ...

Senate Votes to Begin Debate on Bill Repealing Iraq War Authorizations

By Jackson Richman The Senate voted on March 21 to advance a repeal of two U.S. authorizations for military action against Iraq. The upper congressional chamber ...

Ahead of Potential Trump Indictment Manhattan DA Faces Questions Over ‘Tenuous and Untested’ Legal Theory

By Janice Hisle America’s 45th president, Donald Trump, appears poised to become the nation’s first president to be indicted on criminal charges. Such a prosecution ...