Gap cuts 2026 sales outlook after Old Navy miss but lifts profit forecast, citing tariff relief, tax benefits, and interest income despite mixed brand performance.

Temu fined $232M by EU for allowing toxic toys and unsafe electronics, after a probe under the Digital Services Act found widespread illegal, high-risk products on its platform.

Uber has proposed a $39.29-per-share takeover of German food delivery group Delivery Hero, valuing it near €10 billion and expanding Uber's global delivery footprint.

Shein acquires California-based Everlane in a deal that keeps Everlane as an independent, sustainability-focused brand while giving Shein a stronger U.S. and premium retail foothold.

President Trump delays signing an AI executive order creating a voluntary federal review process for advanced systems, citing concerns about overregulation and maintaining U.S. technological leadership.

Walmart warns it may raise prices if fuel costs stay high, as rising transportation and energy expenses squeeze profits and pressure consumers already facing higher living costs.

Meta notified thousands of employees on May 20 that they were laid off to improve efficiency, representing 10% of the workforce, with no additional company-wide cuts expected in 2026.

Survey finds over 40% of companies plan to cut junior roles as AI assistants automate routine tasks, reshaping entry-level hiring, required skills and early career paths.

SafeBets is raising $2.1 billion on a no-wager prediction market model designed to avoid the regulatory crackdowns facing Polymarket and Kalshi across Europe and parts of the U.S.

The New York Times faces a federal lawsuit alleging reverse discrimination in hiring, raising debate over diversity policies in the workplace.