GameStop delivered mixed fourth quarter results that saw the video game retailer show earnings per share and operating income beats as sales tumbled (via Chain Store Age).

Meta has slashed approximately 700 jobs across various departments, including its Facebook and Reality Labs divisions, as a cost-cutting measure. “Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals,” a spokesperson said (via FOX Business).

The USPS has asked for an 8% temporary fuel surcharge on certain products, including priority mail, to help mitigate rising transportation costs. “This temporary price adjustment will provide needed flexibility for the Postal Service by helping to ensure that the actual costs of doing business are covered, as required by Congress,” said the USPS (via ABC 7).

The OECD has projected that U.S. inflation will hit 4.2% as a result of the ongoing Iran conflict, the highest rate of inflation among G7 nations. “A prolonged period of disruption could also result in the emergence of significant energy shortages that would lower growth further,” the OECD also suggested (via Financial Times).

Epic Games, citing weakness in its “Fortnite” property and a wider video games business slump, laid off ~1,000 workers. “I’m sorry we’re here again. The downturn in Fortnite engagement that started in 2025 means we’re spending significantly more than we’re making,” CEO Tim Sweeney wrote in a memo (via FOX Business).