Shares of GameStop Corp. plunged on Wednesday as the embattled videogame retailer turns to closing stores to offset declining sales.

The Grapevine, Texas, company plans to close between 180 and 200 of its roughly 5,700 stores globally by the end of its 2019 fiscal year, company finance chief James Bell said on a conference call with analysts Tuesday evening. The closures are part of a broader review of the company’s store footprint that could lead it to shutter more locations.

AVIVIM, Israel—A widening campaign by Israel to blunt the threat posed by Iran’s ally Hezbollah, and the pushback from beyond Israel’s borders, are raising the risk that the two sides will stumble into another war.

In what is known in Israel as the war between the wars, Israel has been hitting targets in Syria for years to try to prevent Tehran from moving military supplies to its Lebanese ally. More recently, raising the risk of conflict, it expanded that effort to Lebanon and Iraq.

Electric cars captured the spotlight at this year’s Frankfurt auto show, but there was still plenty of other buzz on the floor. Here are the highlights.

Land Rover made sure massive SUVs didn’t get overlooked at a show crowded with electric-vehicle debuts.

Land Rover marked the return of one of its most...

The parent of Budweiser is betting investors will go for a lighter brew.

Two months after calling off a blockbuster initial public offering in Hong Kong, European beer giant Anheuser-Busch InBev SA started shopping a slimmed-down version of its Asia business to investors in the city and is hoping to pull off a deal in the coming weeks.

The...

The European Central Bank is likely to launch a fresh wave of loose-money policies Thursday to jolt its stubbornly low inflation rate. But many suspect its primary target is something else: the euro.

The central bank is expected to cut interest rates and revive a bond-buying program at President Mario Draghi’s penultimate meeting. And while...

LONDON—The British government described potential shortages of fuel and medicines, long traffic jams at ports and rising food prices in a report outlining its “reasonable worst-case scenario” if the U.K. left the European Union without a deal to smooth its exit.

The report, which the government was compelled to publish on Wednesday after opposition lawmakers voted for its release in Parliament, paints a bleak picture of fuel shortages in London and worries over access to medicines caught up in a traffic snarl at ports in France...

Purdue Pharma LP has secured support from 23 states and thousands of local governments for a multibillion-dollar deal that could enable the drugmaker to resolve much of the opioid litigation it faces through a planned bankruptcy restructuring, according to people familiar with the matter.

The OxyContin maker and its owners, the Sackler family, have been fighting some 2,500 lawsuits brought by virtually every state as well as cities, counties, Native American tribes and others accusing the company of helping fuel widespread...

WASHINGTON—The Trump administration can deny asylum to Central Americans who cross through to the U.S., the Supreme Court said Wednesday, giving new life to White House efforts to deter a flood of immigrants seeking refuge at the southern border.

The court’s action, which came in a brief written order, effectively set interim rules that allow the administration to enforce its asylum restrictions while legal challenges to the policy continue, a process that could last many months. The high court’s order stayed the effect of...

WASHINGTON—President Trump says the U.S. will delay by two weeks a planned increase in tariffs on some Chinese imports, a move that could ease chilled relations between the two nations ahead of planned trade talks in Washington next month.

Mr. Trump said on Twitter Wednesday that the U.S. will delay a tariff increase that was to go into effect on roughly $250 billion in goods on Oct. 1. He termed the delay a goodwill gesture made at the request of Chinese Vice Premier Liu He, as Oct. 1 marks the 70th anniversary of the founding...

National Rifle Association CEO Wayne LaPierre, his wife and other top NRA officials were treated to free hunting safaris to exotic locales by an NRA vendor, according to a new lawsuit that raises new questions about the organization’s governance.

The lawsuit was filed Wednesday in Circuit Court in Fairfax, Va., by Under Wild Skies Inc., which has produced a TV hunting program for many years. The producer claims the NRA owes it $17.1 million for breach of contract after the gun-rights group stopped paying agreed-upon fees to...

California legislators voted to require schools in the state to allow their athletes to earn endorsement money, setting up a collision with the National Collegiate Athletic Association, which bans compensation for college athletes beyond a scholarship and modest stipend and is threatening to bar California athletes from its competitions.

The California state Senate, nearing the end of the legislative session in Sacramento, passed a bill by a vote of 39-0 that allows college athletes to earn money from their name, image or...

President Trump said the U.S. plans to pull most vaping products from the market, citing growing concerns about health hazards and rising use by teenagers of the trendy alternative to traditional cigarettes.

The Food and Drug Administration intends to ban popular fruity flavors, as well as menthol and mint e-cigarettes from stores and online sellers, leaving just tobacco-flavored products. The move poses a major threat to a fast-growing market estimated to reach $9 billion in sales this year and dominated by startup Juul Labs...

SACRAMENTO, Calif.—California Gov. Gavin Newsom said he still hopes to reach a deal with Silicon Valley ride-sharing giants Uber Technologies Inc. and Lyft Inc. over the status of their drivers under landmark employment legislation headed toward passage this week in the state legislature.

The proposed law, which intends to force companies to reclassify certain contract workers as employees, is expected to be approved in the state Assembly before the end of California’s legislative session on Friday. The bill passed 29-11 in...

President Trump is planning to meet with his economic advisers on Wednesday to discuss whether his administration should lower capital-gains taxes by indexing gains to inflation, according to three people familiar with the matter.

Trump administration officials have been discussing the proposal for months, but the president’s advisers are divided over whether to move forward unilaterally, bypassing Congress.

The...

One-fifth of seats on a broad swath of public company boards are now held by women, a sign of change as U.S. corporations face increased pressure to diversify.

The share of female board members in the Russell 3000 index, which includes most public companies on major U.S. stock exchanges, increased to 20% in the second quarter of this year from 19% the previous quarter, according to Equilar Inc., a governance-data firm. When Equilar began tracking the measure in late 2016, 15% of board seats were filled by women.

General Motors Co. is recalling about 3.5 million late-model pickup trucks and sport-utility vehicles in the U.S. to fix a problem that makes it harder for drivers to apply the brakes, increasing the risks of crashing.

GM told federal safety regulators that in rare instances, a mechanical vacuum pump that assists in braking may lose output over time, reducing the vehicle’s brake-assist function. The problem occurs more frequently at lower speeds, the company said.

Serial entrepreneur Lars Windhorst raised one of the biggest private bond deals of the year in June to fund a European acquisition spree. He added stakes in a soccer team and an haute couture fashion house to his flagship holding, the La Perla lingerie chain.

But undisclosed to investors: Mr. Windhorst had struggled for two years to meet payments on a roughly $645 million bill to ADS Securities Ltd., an Abu Dhabi brokerage, according to a confidential agreement reviewed by The Wall Street Journal and interviews with people...

New England Patriots receiver Antonio Brown, who recently joined the Super Bowl champions after two other teams, has been accused of raping a woman, according to a lawsuit she filed Tuesday.

The civil lawsuit, filed in the Southern District of Florida, alleges that Mr. Brown, 31 years old, assaulted the woman, Britney Taylor, on multiple occasions in 2017 and 2018, including one alleged incident in which she says he cornered her, pulled her onto a bed and forced himself on her with “great violence.”

President Trump has rewritten the U.S. foreign policy playbook with his willingness to meet anyone and go anywhere to get a deal. With his hawkish national security adviser John Bolton gone, Mr. Trump has removed one of the last dissenting voices on his impulses and instincts.

So far, Mr. Trump has become the first president to set foot in North Korea and to meet its leader, and has sought to forge close ties to Russia’s president. Mr. Bolton’s exit could remove a barrier to a meeting at the United Nations with Iran’s president...

A month ago, investors were betting the European Central Bank would make a splash. Now they’re not so sure.

Economists broadly expect the ECB on Thursday to reduce its key deposit rate by at least 10 basis points, or a 10th of a percentage point, from the current level of minus 0.4%. But expectations for the size of the monthly bond-purchase program that might also be announced have been eroding, a move that has helped keep once free-falling bond yields in place this month.

WeWork’s parent, We Co., has raised billions of dollars from private investors, including SoftBank Group Corp. at a $47 billion valuation. The shared-office company is having a harder time convincing potential public-market investors it’s worth even half that much ahead of a planned initial public offering. Here are some of the issues investors are weighing as they scrutinize the business and growth prospects of We, which declined to comment.

In 2018, We took in $1.8 billion...

SHANGHAI—American companies are downshifting in China as its economy slows and trade tensions with the U.S. persist, according to a new survey that highlights softening revenue, reduced investment and job cutbacks.

The annual survey, released Wednesday by the American Chamber of Commerce in Shanghai, showed that 51% of the business lobby’s responding members said U.S. and Chinese tariffs had hurt revenue. However, Amcham members pointed to the interrelated issue of China’s economic weakening as the more pressing factor clouding...

WASHINGTON—President Trump renewed his call for lower interest rates and his criticism of the Federal Reserve Wednesday, saying on Twitter that the Fed should reduce rates to “ZERO, or less.”

He said the U.S. should always be paying the lowest rate and complained that the “naivete” of Chairman Jerome Powell and the Fed means that this was a “once in a lifetime opportunity that we are missing because of ‘Boneheads.’”

Currencies around the world are tumbling to multiyear lows, bruising investors’ portfolios and fanning the flames of a global trade war.

The Chinese yuan recently hit its lowest level in more than a decade against the dollar, the euro dropped to a fresh two-year low last week and the British pound is at depths it hasn’t consistently plumbed since the 1980s.

Some...

MOSCOW—When U.S. sanctions forced Western banks to call in more than $200 million in loans from Oleg Deripaska’s automobile manufacturer last year, the Russian tycoon turned to a deep-pocketed backer to bail him out: the Kremlin.

Mr. Deripaska’s car maker GAZ took out a raft of loans from Russian state-controlled banks, including VTB Bank and Sberbank, to pay off his Western creditors. Today, he says, the company has no loans with the West—while its debt to the Russian state has swelled to $1.4 billion.