For the second year in a row, Sony Interactive Entertainment is skipping E3, North America’s marquee video game expo, which is organized by the Entertainment Software Association. In a statement to Polygon, a Sony spokesperson said: “After thorough evaluation SIE has decided not to participate in E3 2020. We have great respect for the ESA as an organization, but we do not feel the vision of E3 2020 is the right venue for what we are focused on this year. We will build upon our global events stra

Tech survey shows surging demand for cloud computingCNBC’s Jon Fortt details the latest from CNBC’s Technology Executive Council which looked at the strategy of some of tech’s biggest players in 2020.

Two fully-electric buses have been introduced to the streets of Glasgow, Scotland, representing the city’s first use of such transport on a commercial route in almost 53 years. It is the first time electric buses for commercial use have run in Scotland’s biggest city since electric trolley buses were taken offline in 1967. In an announcement at the end of last week, operator First Glasgow said funding for the buses came through a £20 million ($25.97 million) Green Economy Fund from SP Energy Net

Despite steady income growth over the last decade, household spending has risen more, recent research shows. A CNBC survey found 21% of Americans say they’d increased their spending in the last year. More from Invest in You:These 3 steps will help you track where your money is goingHope to get rich in 2020 stock market? Step 3: Rein in impulse purchasesImpulse shopping, or what Watts calls “Amazon spending,” is often the worst budget buster. One quick way to put that in check is to sign off of s

Those individuals have incomes that are below a measure the researchers have developed called the Elder Index. The Elder Index measures the basic costs households face and how well they are able to meet those expenses. The tally for the Elder Index varies based on an individual’s or couple’s situation. For those who no longer have to pay a mortgage on their home, the Elder Index is $21,012 annually for an individual and $31,800 for a couple. The report found that more than 4 in 10 older singles

Edwin Marian Johnston hold up a photo of her son US Marine CPL Edward Johnston who died in the bombing of his Lebanon barracks in 1983 outside Federal Court September 7, 2007 in Washington, DC. The Supreme Court on Monday tossed out a decision by a federal appeals court in New York that would have allowed families of those killed in the 1983 attack on U.S. Marine barracks in Beirut, Lebanon, to move forward in collecting claims against Iran’s central bank worth $1.68 billion. The top court sent

Former U.S. Rep. Chris Collins (R-NY) exits federal court on October 1, 2019 in New York City. Federal prosecutors on Monday urged a judge to sentence former Rep. Chris Collins, a New York Republican, later this week to nearly five years in prison in an insider trading case, citing his lies to FBI agents and his apparent efforts to get others to cover up his crime. Both Cameron Collins and Stephen Zarsky pleaded guilty in the case and are due to be sentenced next week. “Collins elected to speak

Kohl’s CEO Michelle Gass says the retailer’s partnership with Amazon is going well, despite Kohl’s reporting dismal holiday sales that cast doubt on the strategy. “I get this question, ‘Is Amazon working?'” “Amazon is working. Kohl’s had said ahead of the 2019 holiday season that a nationwide rollout of the Amazon returns service was going to be a boon for its business. “I’m very confident around where we’re going,” Gass added about Kohl’s 2020 outlook.

Google Cloud’s Thomas Kurian on the future of cloud and GoogleThomas Kurian, CEO of Google Cloud, sits down with CNBC’s Jon Fortt to discuss what cloud computing could look like going forward and the change of leadership at Google.

Philippines’ Taal volcano erupts, forcing thousands to flee3 Hours AgoThe sudden eruption of a Philippine volcano has forced tens of thousands from their homes and grounded 500 flights in the country’s main airport. Red-hot lava gushed out of Taal volcano, and its ash blew 62 miles north to capital Manila, closing its airport. There have been no reports of casualties or major damage so far after the eruption, but thousands of people had to be moved to safety from the danger zone in volcano’s vic

Traders work on the floor of the New York Stock Exchange (NYSE) on November 04, 2019 in New York City. The call pushed Tesla’s stock price above $500 for the first time ever. Abiomed — The pharmaceutical company’s stock tanked more than 14% on the back of disappointing revenue guidance. General Electric — General Electric shares rose 2.7% after an analyst at Deutsche Bank named the company a “catalyst call” short-term buy. Lululemon — Shares of Lululemon jumped more than 3% after the athleisure

The U.S. fiscal deficit topped $1 trillion in 2019, the first time it has passed that level in a calendar year since 2012, according to Treasury Department figures released Monday. The budget shortfall hit $1.02 trillion for the January-to-December period, a 17.1% increase from 2018, which itself had seen a 28.2% jump from the previous year. Rising corporate tax revenue helped lower the pace of increase in the spending gap. If that pace continues it would also lead to a fiscal deficit for 2019-2

Shares of Tesla hit $500 per share Monday for the first time, and trading history for Elon Musk’s electric vehicle maker suggests that the stock market run can continue. The rally began in October when Elon Musk’s electric car company surprised Wall Street, turning a profit. In these eight similar trading scenarios over the past five years, Tesla stock traded positively 88% of the time — outperforming the S&P 500. Several factors have contributed to Tesla’s run: the company’s entrance into China

Democratic presidential candidate Senator Cory Booker (D-NJ) responds to a question during a forum held by gun safety organizations the Giffords group and March For Our Lives in Las Vegas, Nevada, October 2, 2019. Sen. Cory Booker, D-N.J., dropped out of the 2020 presidential race Monday, after failing to gain traction in national polls and failing to qualify for two Democratic debates. Booker launched his bid for the Democratic nomination on Feb. 1, the first day of Black History Month. Booker

Major Gen. Parviz Aminiafshar was commander of the Imperial Guards and head of G2 Military Intelligence for Iran’s Royal Army. Source: Yasmin KhorramThere is another story about the killing of an Iranian general. In fact, as one of the top ranking military officials in Shah Mohammad Reza Pahlavi’s regime, he was an important ally. Major Gen. Parviz Aminiafshar was commander of the Imperial Guards and head of G2 Military Intelligence. Major General Parviz Aminiafshar (right) greets the Shah at a

Rhodium, along with other precious metals such as palladium and platinum, is used in catalytic converters, which are part of auto exhaust systems that reduce toxic gas emissions. According to S&P Global Platts, more than 80% of demand for rhodium and palladium comes from the automotive industry. Rhodium began the year trading at $6,050 per ounce, according to chemical company Johnson Matthey, before surging to $8,200 on Thursday for a gain of 35%. “Beyond commercial demand, investor interest in

Taron Egerton poses in the press room during the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 05, 2020 in Beverly Hills, California. Here are 11 of the most surprising nominations and the biggest snubs. Snub: Taron EgertonDespite hoisting the Golden Globe for best actor in a musical or comedy last week, Taron Egerton will not be in contention for the leading actor Oscar. John and Bernie Taupin won the Golden Globe for “(“I’m Gonna) Love Me Again” last week. Snub: Greta

Asked about the possibility of regime collapse, General James Jones, who was Obama’s national security advisor in 2009 and 2010, said the risk for Tehran cannot be ignored. “I think it’s clear that the regime in Iran has had a very bad couple of weeks,” Jones said. Crumbling economyIran’s economy has been buckling under increasingly heavy U.S. sanctions imposed after the Trump administration withdrew from the 2015 nuclear deal. While the Trump administration is encouraging the protesters, region

The decision to strike China from the currency manipulator list comes more than five months after the Treasury Department formally made the designation. President Donald Trump and China Vice Premier Liu He are scheduled to sign a preliminary trade agreement in Washington on Wednesday. The president’s decision to remove China from the list drew criticism from the Senate’s top Democrat, New York’s Chuck Schumer. The S&P 500 rose to a record high following reports that the Treasury Department will

Picking stocks with the highest dividend yield was the best strategy last decade, according to Bank of America. This strategy is to blindly buy the stocks with the highest dividend yields in the market, a move that can lead investors into some of the very riskiest stocks. The dividend yield is the dividend per share divided by the price per share. The low interest rates also made dividend yields more attractive relative to bond yields, and the stocks bounced back. Though it had a strong run over