BOSTON (Reuters) - As U.S. election results started trickling in late Tuesday evening, hedge fund manager Eric Jackson stress-ate so much of his kids' Halloween candy that he felt compelled to buy a blood sugar monitor the next day.
Jackson, of EMJ Capital, said the treats were a salve for his nerves as he watched MSNBC's Steve Kornacki buzz around the television screen and stock market futures "melt up all night."
Over the next few days, Jackson and other fund managers would find ways to deal with anxiety over the election outcome, as well as their investment portfolios, with the presidential race's daily soap-opera-like developments.
Many things are taking place:
Video games - PlayStation 5 v Xbox Series X | Business | The Economist
But in a year marked by lockdowns and working from home, gaming revenue instead grew by 11.5% year-on-year (and operating profits by 61%) as housebound consumers reached for their controllers. Sony is not alone. Microsoft, its gaming arch-rival, released its own results the day before. Its Xbox One console is similarly superannuated, yet revenues jumped by 30%. The good times have been repeated across the industry (see chart).
Most forecasters expected covid-19 to boost the video-gaming business. The pandemic has given a filip to other forms of indoor entertainment, from board games to video-streaming to books. But the scale of the surge has caught industry-watchers by surprise. Tom Wijman at Newzoo, a games-industry analytics firm, says that when the pandemic began, his company predicted a boost of around $2bn to industry revenues on top of its existing forecasts.
PS5 review: PlayStation 5 is a powerhouse with innovative controls
Sony's new video game console, available Nov. 12 for $499.99, represents a significant step for the PlayStation brand after nearly 26 years. It delivers a whole new look, a new way to interact, and a potentially (forgive the pun) game-changing controller.
Much like the Xbox Series X and S , which comes out Nov. 10, the PS5 is going to solve some of the annoyances console video game players face. You spend less time waiting to load your games and more time immersed in those ever-dynamic virtual worlds. However, the key difference between PS5 and Xbox is the device in your hands: a controller capable of helping you feel what's happening within a video game.
Video Games and Your Information Privacy - WSJ
The claims made by Dave Aitel and Jordan Schneider in their Oct. 28 op-ed "If You Play Videogames, China May be Spying on You" are speculative and misleading. The authors get facts wrong and overlook Tencent's commitment to user privacy and data security.
In case you are keeping track:
Marvel's Spider-Man: Miles Morales video game review: Like its movie counterparts, a confident
Although there are still a number of weeks until 2020 finally(!) sinks into the annals of history, I'd wager that "Marvel's Spider-Man: Miles Morales" will be remembered as the year's most ingratiating family-friendly video game. It is a feel-good, unabashed spectacle that controls well, looks great and has a hyper-efficient story line that never tries to overdeliver.
Everyone knows Peter Parker, the guy from Queens who was bitten by a radioactive spider and became Spider-Man. But unless you've kept tabs on the comic book scene over the last decade or caught the visually-ravishing animated film "Spider-Man: Into the Spider-Verse" (2018), it's likely you don't know much about Miles Morales, the Latino, African American kid from Brooklyn that was also bitten by a radioactive spider leading him to follow in the footsteps of his idol.
Video game sales are exploding because of coronavirus
Gaming industry revenues are expected to surge nearly 20 percent this year to about $175 billion because games have become a cure for boredom among locked-down consumers, forecasters say.
“With the population being encouraged to stay at home and limit social interaction, people have turned to gaming en masse,” industry analytics firm Newzoo said in its annual forecast this week.
Players around the world have used video games not just for entertainment and escapism but also as a way to socialize, helping lighthearted multiplayer titles such as “Fall Guys” and “Among Us” become some of the year’s biggest hits, according to Newzoo’s Tom Wijman.
Codemasters confirms it’s in talks with Take-Two over a possible sale | VGC
The possible offer is conditional on, amongst other things, the completion of due diligence. However, Codemasters said that should Take-Two make its bid official, its board intended to unanimously recommend that shareholders accept the offer.
It’s a statement sent to VGC, Take-Two said it “believes that the combination of Take-Two and Codemasters would bring together two world-class interactive entertainment portfolios, with a highly complementary fit between 2K and Codemasters in the racing genre.”
Peloton, Pizza and Videogames Grow in Stay-at-Home World - WSJ
Consumers holed up during the coronavirus pandemic redirected their travel and entertainment dollars toward pizza, videogames, home-exercise equipment and luxury goods, according to several companies that provided business updates Thursday.
Happening on Twitter
Breaking serve in long games against @RafaelNadal is tough 😅 https://t.co/ZHJMuOrxpc atptour Thu Oct 29 09:31:48 +0000 2020
When a city or region hosts the Olympic Games, the momentum can help achieve its long-term sustainable development… https://t.co/VU89PuM3wE Olympics (from Lausanne, Switzerland) Sat Oct 31 10:30:29 +0000 2020
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