General Motors has fired around 600 IT workers in a move aimed at hiring replacements more capable with AI skills. “GM is transforming its Information Technology organization to better position the company for the future,” the company said (more).

Amazon Now has launched in several U.S. cities, including Atlanta, Dallas-Forth Worth, Philadelphia, and Seattle, promising 30-minute delivery times. Amazon Prime members will receive promotional $3.99 pricing ($13.99 normally), but a small order fee of $1.99 (or $3.99 for those without Prime) applies to orders below $15 (more).

eBay definitively turned down GameStop’s $56 billion takeover bid while also calling the offer “neither credible nor attractive.” “The Board, with the support of its independent advisors, has thoroughly reviewed your proposal and has determined to reject it,” Paul Pressler, chairman of eBay’s board, wrote (more).

The consumer price index (CPI) reached 3.8% annually in April, which represents the highest reading since May 2023. “This is hurting Americans. There is a real financial squeeze underway. For the first time in three years, inflation is eating up all wage gains. This is a setback for middle-class and lower-income households and they know it,” said Heather Long, chief economist at Navy Federal Credit Union (more).

Retailers added about 22,000 jobs in April, largely backed by sentiment that consumers are keeping their wallets open despite serious macroeconomic turbulence. “This still shows how resilient spending has been, even amid a lot of the uncertainty,” said Cory Stahle of Indeed (more).