excess

Sony is reportedly pausing PSVR2 production to clear excess inventory

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After producing in excess of two million units of its latest virtual reality headset, Bloomberg is reporting that Sony is hitting pause on production to try and shift its unsold inventory. The PlayStation VR2 launched last February for $549 as an accessory for the PlayStation 5, but IDC data suggests that shipments have declined each … Read more

‘Excess profits’ of big firms have driven up inflation, report claims

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LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report. British think tanks the Institute For Public Policy Research and Common Wealth said in a report Thursday that big firms made inflation “peak higher and … Read more

TreasurySpring raises $29M to broaden its funding platform geared toward companies with extra money

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Of the various points highlighted by the collapse of Silicon Valley Financial institution, one huge one was the legal responsibility of getting an excessive amount of money sitting in too few financial institution accounts. At the moment a London startup known as TreasurySpring — which has constructed a platform for companies to place a few … Read more