Concedes

Sony has acknowledged that its new tier-based PlayStation Plus subscription service is lagging far behind Xbox Game Pass. Sony and Microsoft are currently embroiled in a legal battle concerning the latter's purchase of Activision Blizzard. In documents published by the Competition and Markets Authority, Sony has revealed some interesting information about Microsoft's Game Pass subscription service.As spotted by @EverbornSaga, Sony claims Microsoft's Game Pass service has racked up an impressive 29 million subscribers.Sony…

Robert Luna, a little-known retired police chief from Long Beach, will be the next sheriff of Los Angeles County after soundly beating the incumbent, Alex Villanueva, who leaves office in the wake of a single term marred by the upheaval and discord he sowed. With Luna holding a commanding 20% lead and the number of ballots yet to be counted shrinking by the day, Villanueva conceded the race Tuesday.“I want to wish the incoming sheriff well,” Villanueva said at the end of a rambling concession speech. “The safety of the…

Federal Reserve Chairman Jerome Powell said the central bank’s battle against inflation could lead it to raise interest rates high enough to cause an economic downturn.“It’s certainly a possibility,” Mr. Powell said Wednesday during the first of two days of congressional hearings. “We are not trying to provoke and do not think we will need to provoke a recession, but we do think it’s absolutely essential” to bring down inflation, which is running at a 40-year high. His remarks underscore the…

Former hedge fund CEO David McCormick conceded the Republican primary in Pennsylvania for U.S. Senate to celebrity heart surgeon Dr. Mehmet Oz, ending his campaign Friday night as he acknowledged an ongoing statewide recount wouldn’t give him enough votes to make up the deficit. McCormick said he had called Oz to concede. “It’s now clear to me with the recount now largely complete that we have a nominee,” McCormick said at a campaign party at a Pittsburgh hotel. “Tonight is really about all us coming together.”…