Sony hikes price of aging PlayStation 5 console in Japan by 19%

The PlayStation DualSense controller and PlayStation 5 console.

Jakub Porzycki | Nurphoto | Getty Images

Sony on Tuesday announced a price hike for its flagship PlayStation 5 console, even as the device enters its fourth year on the market.

The Japanese gaming giant said its suggested retail price for the PS5 is now 79,980 yen, or $553, up 19% from the previous price. The hike will take effect from Sept. 2.

Sony cited a challenging external environment, including fluctuations in the global economy, as the reason for the price increase.

Source

World

This ETF strategy could help risk-averse investors ride out wild market swings

October 18, 2025

The CBOE Volatility Index, otherwise known as the Wall Street’s fear gauge, is coming off its most volatile week since April. For investors hesitant to ride out the recent wild swings, Invesco senior portfolio manager John Burrello sees income funds that employ options-based strategies as a sound game plan. His reasoning: They have more structural […]

World

AI headshots are changing the way job seekers are seen and get hired in tough labor market

October 18, 2025

AI headshots are becoming popular on LinkedIn and in professional portfolios as job seekers look for affordable profile pictures to give them an edge. Since first impressions happen almost entirely through a screen, a clean, appealing photo is as important as a strong resume. And in a competitive job market, a good headshot can make […]

World

The alleged ‘sweeping betrayal of trust’ that rocked Zions bank and spooked Wall Street

October 18, 2025

The Zion Bank main office in Salt Lake City, Utah, US, on Friday, April 7, 2023. George Frey | Bloomberg | Getty Images Zions Bancorporation lost $1 billion of its valuation in a single day on Thursday after disclosing $60 million worth of loans it had made that were unlikely to be repaid. What led […]