Sony?s decision to cut the price of its already popular gaming console Playstation 3 has brought about a hike in sales at several retail outlets.
Despite the wave of negative attention Netflix got for raising its prices, Redbox has decided to follow suit and raise the prices on its DVD rental service.
Gold rose on Wednesday on a combination of increased inflationary pressure and ideas this week's Franco-German proposals will not solve the euro zone debt crisis.
Gold settled at a record high Wednesday and silver closed modestly higher after surging in the first few hours of trading and then seeing gains pared in the afternoon.
Wholesale gasoline differentials jumped 9 cents on Wednesday after the U.S. Energy Information Administration reported a 1.78-million-barrel draw last week on West Coast gasoline stocks, traders said.
What caused Sony to make a price cut to its PS3 gaming console?
Silver rose in early U.S. trading Wednesday and shares of several large silver mining companies also gained in premarket trading.
Gold rose Wednesday but shares of gold mining companies were mixed in premarket trading, indicating that optimism about the yellow metal is doesn't automatically transfer to companies that mine the precious commodity.
Gold edged higher for a third day on Wednesday, propelled by investor unease over the fate of the euro zone after a Franco-German summit yielded no lasting solution to the regional debt crisis and riskier assets such as stocks eased.
Gold held steady near a record high on Wednesday after a Franco-German summit failed to convince investors that the euro zone debt crisis would be solved effectively, supporting safe-haven demand for bullion.
Sony Corp has cut the price of its basic PlayStation 3 gaming console by nearly a fifth in the United States, a move that could lift the industry by boosting video game sales ahead of the holiday season.
Sony Corp is slashing the price of its basic PlayStation 3 gaming console by nearly a fifth in the United States, hoping to jump-start sales of a device losing ground to Microsoft Corp's Xbox.
The price of gold notched a record Tuesday because three confidence-draining forces hit Wall Street simultaneously just as investors were dipping their toes back into the stock market.
The price of gold notched a record Tuesday because three forces collided in a virtual perfect storm for the markets.
Sony cut the price of the PS3 to make a move against Microsoft's Xbox 360 and Nintendo's Wii says analysts.
Wal-Mart Stores Inc sharpened its focus on low prices and said it expects to get out of its U.S. sales slump later this year, sending shares higher on Tuesday.
Barclays Capital is forecasting the price of gold to exceed $2,000 per ounce next year as sovereign debt risks intensify, broad investment demand accelerates and central bank buying of the yellow increases.
Premarket trading of gold and silver mining companies were mixed Tuesday in a tight range as stock index futures pointed to a lower open and commodities like crude oil and copper were down.
One analyst says Amazon would do well by offering a low price tablet competitor to the iPad.
Silver prices and the shares of silver mining companies rose Monday along with the price of gold and the broader U.S. stock market.
Gold prices eased for a third session on Monday as stock markets and cyclical assets such as industrial commodities continued to recover from a rout they suffered early last week, diverting investment away from the precious metal.
The retreat Friday in the price of gold marks a pause, nothing more, in the precious metal's ascent, according to a Barclays Capital report.