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

Newly Released Surveillance Footage Challenges Official Jan. 6 Narrative

By Joseph M. Hanneman News Analysis The unveiling of some of the 41,000 hours of video from Jan. 6, 2021, that was hidden from public view ...

Retirement Funds of Millions of Americans in ‘Jeopardy’ as ESG Rule Weakens Protections

By Kevin Stocklin News Analysis The Biden administration and Congress are currently caught up in a tug-of-war over a new Labor Department rule regarding whether Americans’ ...

1,400 Facts Support Attempt to Block Biden, Others From ‘Colluding’ With Big Tech

By Janice Hisle In a landmark free-speech case, a federal judge is being asked to block federal officials from continuing to commit “some of the ...

GOP to Use ‘Power of the Purse’ Against FBI: Rep. Jim Jordan

By Gary Bai House Republicans will use its spending power to restrict funding to the FBI, Rep. Jim Jordan (R-Ohio), head of the lower chamber’s Judiciary ...

USDA Proposes New Rule for ‘Product of USA’ Food Labels

By Katabella Roberts The U.S. Department of Agriculture (USDA) is considering a new rule regarding requirements on “Product of USA” labels in an effort to increase consumer ...

Capitol Police Served as ‘Tour Guides’ for QAnon Shaman on Jan. 6: Tucker Carlson

By Joseph M. Hanneman The face of the Jan. 6 incursion—the so-called “QAnon Shaman” Jacob Chansley—was peacefully escorted around the U.S. Capitol by police on ...

Trump Tells CPAC: Expect Action, Innovation, End of ‘Wokeness’ in His 2nd Term

By Janice Hisle WASHINGTON—When he first ran for president in 2016, then-candidate Donald Trump told the American people, “I am your voice.” Now, as he again ...

Marianne Williamson Accuses DNC of ‘Rigging’ Primary System in Favor of Biden

By Bill Pan Marianne Williamson, the first Democrat to formally challenge President Joe Biden for the 2024 primary, accused the Democratic National Committee (DNC) of ...

Arizona Supreme Court Agrees to ‘Expedite’ Kari Lake Lawsuit

By Jack Phillips The Arizona Supreme Court agreed to expedite a hearing for Republican Arizona candidate Kari Lake’s election lawsuit after two lower state courts ...

IRS Warns of New Tax Scam That Tempts Innocent Taxpayers Into Becoming Criminals

By Tom Ozimek The Internal Revenue Service (IRS) has issued a warning to taxpayers to be on guard for a new scam that promises huge ...

Trump Promises ‘Quantum Leap’ for a New America

By Naveen Athrappully Former President Donald Trump has revealed his dream for a new America ahead of the 2024 presidential race, promising to bring back ...

Another Train Derails in Springfield; No Hazardous Materials Spilled: Ohio EPA

By Mimi Nguyen Ly A Norfolk Southern train derailed in Springfield, Ohio, on Saturday. The Clark County Emergency Management Agency asked residents within 1,000 feet of the ...