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Target will take a profit hit to clear out inventory that shoppers don’t want.
Moves show how inflation and changing consumer behavior are souring the business outlook for many retailers.

Elon Musk threatens to pull out of Twitter deal without more information about fake accounts.
In a filing, Mr. Musk’s lawyers said that Twitter was “actively resisting” his requests for more information.

French Open Live: Swiatek Faces Gauff in Women’s Final
Iga Swiatek, the world No. 1 from Poland, plays Coco Gauff, an 18-year-old American, for the women’s singles championship at Roland Garros. The match begins...

U.S. Job Growth Remains Strong in May
The number of people working or looking for work rose, while wage gains eased slightly. Both are encouraging signs but the Federal Reserve’s fight against...

N.B.A. Finals Live Updates: Golden State Takes On the Boston Celtics
In Game 1 of the N.B.A. finals, Golden State’s championship core is trying to fend off a young Celtics team hungry for a trophy of...

Saudis expected to seek an increase in oil supply as major producers meet.
Saudi officials are juggling ties with the United States and Russia as oil prices have been rising.

Global markets start a new month with an eye on rising oil prices.
A judge ruled that Ms. Palin failed to introduce “even a speck” of evidence to prove the newspaper defamed her in a 2017 editorial that...

French Open Live: Gauff, Zverev Advance; Nadal and Djokovic Meet Again
Rafael Nadal and Novak Djokovic extend their long rivalry with a quarterfinal match at Roland Garros on Tuesday night.

Biden and Fed chair Powell are set to meet as inflation dogs the global economy.
Big risks threaten economic growth around the world as central banks try to bring prices under control.

Champions League Final Live: Liverpool vs. Real Madrid
The Spanish champion is seeking its record 14th European title on Saturday in Paris. Liverpool, the Premier League runner-up, is chasing its seventh.