• Retail Sales Rose 0.8% in October

    25 days ago - By Crossing Wall Street

    Retail sales rose 0.8% last month. Wall Street had been expecting 0.5%. In the past year, retail sales are up 4.6%. Not including gasoline, retail sales rose 0.5% in October.
    Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.3 percent last month. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product.
    Data for September was revised lower to show core retail sales rising 0.3 percent instead of gaining 0.5 percent as previously reported.
    A strong labor market, characterized by a...
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  • Sony will skip the world's biggest video game event next year, despite the fact that the PlayStation 4 is the most popular console on the market

    Sony will skip the world's biggest video game event next year, despite the fact that the PlayStation 4 is the most popular console on the market

    25 days ago - By Business Insider

    According to a report from Variety , Sony's PlayStation branch has declined to attend E3, the video game industry's largest annual conference, next year.
    This would be the first time that Sony declined to attend since the event started in 1995.
    Sony's PlayStation 4 is currently the best-selling console on the video game market, supported by a number of exclusive blockbuster titles released this year.
    The company also declined to hold their own annual fan conference, PlayStation Experience, this year, with Sony Worldwide Studios Chairman Shawn Layden claiming there weren't enough major...
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  • PlayStation 4 sales pass 86.1 million in 5 years

    PlayStation 4 sales pass 86.1 million in 5 years

    25 days ago - By Venture Beat

    Sony revealed that the PlayStation 4 has sold over 86.1 million systems.
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