The U.S. economy is humming and there are hundreds of thousands of jobs being added every month.

Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs.

Microsoft CEO Satya Nadella told a judge Wednesday that his company's proposed $69 billion takeover of video game-maker Activision Blizzard will be good for the gaming industry.

Federal regulators on Thursday launched a legal attack on Microsoft’s proposed $69 billion takeover of video game maker Activision Blizzard by depicting it as an anticompetitive weapon while Microsoft hailed the deal as a way to make popular games such as Call of Duty more widely available at cheaper prices.

Authorities said a University of Virginia student and former member of the school’s football team fatally shot three current players as they returned from a field trip.

Kevork Djansezian/Getty Images(CNN) - Nearly six years after the arrival of PlayStation 4, Sony confirmed on Tuesday its next console will launch in 2020 for the holiday season. In a blog post, the company announced PlayStation 5 will feature a redesigned controller. The company declined to share further details, including how much the PlayStation 5 will cost. The PlayStation 5 is expected to have faster load speeds, better graphics and improved audio. It will compete against Microsoft's Project Scarlett, its next-gen Xbox console, which will also launch for the 2020 holiday shopping season.

Attendees walk by the Sony PlayStation booth at the 2019 GDC Game Developers Conference on March 20, 2019 in San Francisco, California. (Photo by Justin Sullivan/Getty Images)Sony plans to have its next-generation game console available by Christmas 2020. They're aptly calling it PlayStation 5, Sony's first new game console release since PlayStation 4 launched in 2013. Sony first launched PlayStation in North American back in 1995. In 2013, PlayStation 4 was the first Sony game console to be released in North American before it was released in Japan.