BUSINESS

The broker plans to bring perpetual futures into Zengo wallet and expand DeFi products to its core platform as rivals like Robinhood expand onchain offerings.

Bitwise said STRC’s volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin’s biggest buyer.

Scott Dixon will officially leave Chip Ganassi Racing at the end of the season and is expected to join Arrow McLaren. Dixon raced for CGR since 2002 and became a legend.

Known for decades as the entryway to The Alps and birthplace of Wolfgang Amadeus Mozart, the Austrian city of Salzburg has over the last six decades also attracted tourists whose first brush with it came through the 1965 film “The Sound Of Music.”While the permanent population of the city sits at just under 158,000 people, Salzburg is an incredibly popular tourist destination that recorded over 1.8 million international arrivals and 3.3 million overnight stays in 2025.This type of disproportion brings significant strain to a historic town that dates back to the 11th century and was never made to withstand such a large number of visitors.Salzburg puts in place summer travel ban on cars driving into Old TownAlong with a number of other measures meant to curb overtourism and preserve the its historic architecture, the city is now testing a summer driving ban that will place major restrictions on cars in the historic Old Town or Altstadt.The restriction that was passed by the city council back in May and came into effect on July 1 caps the number of cars coming into the city at 1,000 per day during July and August. This means that most private vehicles without special permission to enter the city will need to park on the other side of the Staatsbrücke bridge over the Salzach River as their drivers and passengers take public transportation into the center.Related: Popular cruise, tourist destination will triple entry taxWhile they fill up especially fast during the summer months, some of the city’s Park & Ride lots are also located just across the river at a ten-minute walk from the Old Town.To collaborate with the initiative, local park-and-ride lots will offer those who leave the car with them a day ticket that gives up to five people a day of travel on local public transportation for €7.50 ($8.55 USD).

The historic old town of Salzburg sees over 1.5 million tourists every year.Getty

“We don’t want chaotic traffic situations like we saw last year”: Salzburg MayorExceptions apply to residents with local license plates and commuters with a job in the city, emergency services, registered taxis, delivery vehicles, people with disabilities and hotel guests who will park on the property. Some local residents of nearby towns across the border in Bavaria are also exempted from the driving restrictions.Anyone else caught driving into the city without being able to provide justification could be hit with a fine of €80 ($91 USD).More Travel News:Airline to launch unusual new flight to Cayman Islands from the U.S.There is a very cool Irish version of swimming pigs in the BahamasUnexpected country is most luxurious travel destination for 2026Low-cost airline launches easier way to get to Sri LankaJustification for the driving restrictions came down to the major traffic jams and gridlocks that were taking place all throughout Salzburg throughout the summer holiday period in 2025. Similar restrictions have already been tested by Italian cities like Rome and Pisa as well as the walled city of Dubrovnik in Croatia.”We don’t want chaotic traffic situations like we saw last year,” Salzburg Mayor Bernhard Auinger said at a press conference last May in translation from German. “It is aimed at day trippers who travel by car from farther afield. It is important to me that residents of the central Salzburg area and business-related traffic are not affected by this.”Related: Popular tourist destination will raise entry fees by 500%

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealIf you’re just starting your luxury watch collection, then there are few brands better suited to jumpstart that journey than Citizen. For nearly a century, the company has been making stunning timepieces with an eye toward quality and innovation. As luck would have it, Amazon is currently selling an impressive Citizen Eco-Drive model for over $100 off, though there’s no telling how long this sale may last. The Citizen Eco-Drive Weekender 3-Hand Watch is on sale for only $243, which is 31% off the original price of $350. Even at the regular price, this is an incredible deal. However, the discount makes it an absolute must-have. Citizen Eco-Drive Weekender 3-Hand Watch, $243 (was $350) at Amazon

Courtesy of Amazon

Shop at AmazonWhy do shoppers love it?This piece has everything you could want in a luxury sports watch. For starters, the case and bracelet are made from robust 316L stainless steel. The steel has a black ion plating coating that’s attractive and durable. The watch is rustproof and corrosion-resistant, making it an ideal everyday wear. Further bolstering this daily driver reputation is 100 meters of water resistance. That means you can feel confident swimming with the watch, and no damage will come to it. There is also a scratch-resistant mineral crystal that protects the dial and handset from contact damage. It’s a clear crystal that allows for maximum visibility.Underneath the crystal is a beautiful blue textured dial. The dial has applied stick hour markers around the outside, with an applied triangle at the 12 o’clock position. Each of the markers and the handset all have a luminous coating, which allows you to easily read the time under low light conditions. There is also an applied Citizen logo at the top of the dial and a nicely-finished date window at the 3 o’clock spot. This is a welcome addition for anyone who likes to keep an eye on their monthly calendar right from their wrist.Internally, the watch is powered by Citizen’s patented Eco-Drive movement. When it was first released in 1995, it was an industry first. Eco-Drive watches use small solar panels that are cleverly hidden beneath the dial to gather energy from the sun throughout the day. Those power reserves are then stored in a rechargeable battery. The energy is then released from the battery, passes through a quartz crystal to regulate the watch, and then is released through the movement of the handset. It’s one of the most accurate watch movements on the market, even more so than most luxury Swiss mechanical timepieces that cost multiple thousands of dollars. Related: Walmart has a great Black Friday deal on a $70 set of stainless steel mixing bowls for only $17Amazon shoppers found this watch to be a real treat to own and wear. One buyer claimed it was “my third one,” adding, “I love this watch…absolutely no reason to buy any other watch.”Shop more deals Citizen Corso Eco-Drive Watch, $224 at AmazonCitizen Tsuyosa Automatic Sport Luxury Watch, $356 (was $475) at AmazonBulova 3-Hand Calendar Date Watch, $172 (was $186) at AmazonIf you’re looking to add to your watch collection but don’t want to spend a fortune, then the Citizen Eco-Drive Weekender 3-Hand Watch is for you. At just $243, you may not find a better luxury watch deal anywhere on the internet.

It should be no surprise the president made $1 billion on cryptocurrency deals that handed losses to so many who invested.

What began as a fun exercise in recreating dishes from film and television has since evolved into a multimedia empire with Rea at the helm.

The U.S. Ment’s National Team cannot appeal Folarin Balogun’s red card or subsequent suspension from the Round of 16 game against Belgium at the World Cup.

Sony is one of the most recognized names in global entertainment, and PlayStation sits at the center of that reputation.For three decades, the brand built its identity on hardware that millions of players never had to think twice about using.That hardware just changed for good. Sony will stop manufacturing physical discs for new PlayStation games starting in January 2028, according to a PlayStation Blog post from senior director Sid Shuman.That decision was expected. PlayStation 4 and 5 could play digital games, and they eventually moved to digital only PS5 (for some regions). The next PlayStation is expected to also be digital; we just didn’t see it abolishing the disc so soon.This shift ends a tradition running from the PS1’s CD-ROM through the PS5’s Blu-ray drive.For more than three decades, physical media defined the brand: The PS1 shipped games on CD-ROM, the PS2 and PS3 moved to DVD and Blu-ray, and the PS4 and PS5 kept the tray, even as digital stores grew alongside them. Even the pocket-sized PSP shrank the format down to a UMD disc small enough to carry three games in a jacket pocket.Sony ends PlayStation physical disc productionPhysical disc production for all new PlayStation games stops in January 2028, according to the blog post. After that date, every new release will be sold exclusively in digital format through the PlayStation Store or at retailers.Existing titles are unaffected. Sony said the change has no impact on games already released or scheduled for disc release before the cutoff, including this fall’s Marvel’s Wolverine, according to Variety. Collectors keep what already exists. They simply stop getting more of it.

Sony will end physical disc production for new PlayStation games starting January 2028, shifting the platform fully digital.Brandon Bell / Getty Images

Why did Sony decide to stop making physical discs now?Sony is following its own numbers, not predicting a trend. Nearly four in five full-game purchases on PS4 and PS5 already happen digitally, based on Sony’s own reporting to investors, cited by Game File.The shift already happened inside the company’s sales data, long before the July 1 announcement made it official.Related: Ryan Cohen passes on GameStop payday to keep pushing one acquisitionThe wider market backs that up. Consumers spent $1.5 billion on new physical video games in 2025, the lowest total since Circana began tracking the category in 1995, according to CBS News citing Circana analyst Mat Piscatella.Physical game spending peaked at $11.6 billion in 2008, so the category has shrunk by roughly 87% in less than two decades.Cost plays a role, too. Sony raised the PS5 disc edition price from $549.99 to $649.99 in April, a hike tied partly to rising memory costs from the AI buildout. Winding down a shrinking, increasingly expensive product line protects margin elsewhere in the business.More Video Game:The AI memory crunch just came for Xbox gamers, tooGTA 6 just set new price ceiling for big-budget gamesNBCUniversal eyes video games as it preps for life after ComcastWhat does the Sony stock reaction tell investors?Sony trades on the NYSE under the ticker SONY, an American Depositary Receipt that gives U.S. investors direct exposure to the Tokyo-based company behind PlayStation, Sony Pictures, and its music and image-sensor businesses. Shares rose 0.62% the afternoon of July 1 to $20.19, closing the day at $20.21.That muted reaction is itself informative. Wall Street had largely priced in Sony’s digital shift, given the company’s own disclosed sales mix, so the company’s confirmation moved the stock less than the headline might suggest.A couple of data points round out the picture:More than 93 million PS5 consoles have sold worldwide, with 125 million monthly active users on the platform, according to Sony’s business data. That scale means any change to game distribution touches millions of households at once.A disc-to-digital conversion feature is now being tested by Xbox for existing physical libraries, based reporting cited by CNBC. That puts Microsoft on a path toward the same digital endpoint from a different starting point.The bigger picture for retailers selling physical mediaRetailers built around physical media face the sharpest fallout. GameStop has leaned harder into collectibles and trading cards to offset the decline, with that category reaching 41.8% of first quarter revenue in fiscal 2026, up from 28.9% a year earlier, according to a GameStop SEC filing.The company also closed 430 stores across 42 states in January 2026 alone, a sign that fewer discs on shelves eventually means fewer shelves.Gaming is following the same path music, movies, and television already walked. What makes this case different is that PlayStation built its brand identity on the disc itself, not just distributed content through it, across three decades of hardware.Sony and Microsoft are now converging on the same digital endpoint from different directions, and neither company is being punished for it by the market. That is the structural story here.An entire product category can disappear without shaking investor confidence, as long as the sales data already told everyone it was coming.Related: Sony isn’t sugarcoating PlayStation 6 warning as console costs rise

In the face of disruption, don’t panic. Embrace the motion and welcome the “unbalanced force.” Trust that you are being propelled toward your own necessary evolution.