Business

AMC’s comeback, and then some — its stock price surged to a record high on Wednesday — has been fueled by Reddit’s army of retail investors as well as some legitimate good news about customers returning to movie theaters. But that doesn’t mean that AMC and the rest of the industry’s inherent problems are solved.

The Federal Reserve announced Wednesday that it will begin winding down a program that purchased tens of billions of dollars of corporate assets to shore up the economy during the pandemic. In a statement, the central bank said the facility was crucial to businesses during the depth of the recession. But as the economy rapidly

Walmart is rolling out a new app for its employees and giving them a new Samsung phone to use it. The retailer is outfitting nearly half of its US workforce, amounting to 740,000 employees, with a free phone by the end of the year for personal and professional use. The phone, a Samsung Galaxy XCover

AMC’s comeback, and then some — its stock price surged to a record high on Wednesday — has been fueled by Reddit’s army of retail investors as well as some legitimate good news about customers returning to movie theaters. But that doesn’t mean that AMC and the rest of the industry’s inherent problems are solved.

Peloton is introducing pricing tiers for its app — and students, health care workers and military members will receive major discounts. The app, which features thousands of instructor-led fitness classes, normally costs $12.99 per month. But in an effort to make its popular digital membership “more inclusive and accessible to a range of professionals and

Climate change poses serious risks to the stability of the financial system, a senior International Monetary Fund official told CNN Business. Tobias Adrian, director of the IMF’s monetary and capital markets department, said the climate crisis could “absolutely” ignite a financial crisis. “The climate crisis is slow in the making, but it’s potentially disastrous,” Adrian

The jobs recovery has slowed since last year’s buoyant rebound. And now a summer lull may be upon us before the return to in-person schooling in September allows more people to return to work. Parents — especially mothers — have been hit hard by the pandemic as they juggled caring for children and simultaneously working

Meme stock mania is back in full force — and this time around, companies are trying to use the hype to their advantage. What’s happening: AMC Entertainment, whose shares have skyrocketed almost 140% this week to an all-time high, is offering investors benefits including a free large popcorn when they go to theaters this summer.

Some of the world’s largest companies are joining forces to accelerate efforts to fight the climate crisis. Amazon, Disney, Google, Microsoft, Netflix, Salesforce, Unilever and Workday launched an alliance Thursday to boost the scale and impact of business investment in climate solutions. The unveiling of the Business Alliance for Scaling Climate Solutions comes as energy

Nike and other major sponsors have come out in support of tennis star Naomi Osaka following her decision to withdraw from the French Open. The sports apparel giant — who signed a sponsorship deal with Osaka in 2019 — applauded the athlete in a statement on Monday for opening up about her struggle with depression.

Price are rising quickly across huge swaths of the developed world, with inflation in countries that belong to the Organization for Economic Cooperation and Development surging in April to the highest rate since 2008. Energy price hikes boosted average annual inflation across OECD countries to 3.3% in April, compared with 2.4% in March, the Paris-based

ExxonMobil said it expects a third activist shareholder will be elected to its board of directors, following a contentious vote. Votes are still being tallied, and the results remain preliminary. But Exxon acknowledged after its shareholder meeting last week that two of its board seats went to climate activist hedge fund Engine No. 1. On

Some shoppers may want to brace themselves for yet another possible supply crunch — this time with meat. Major beef and pork producer JBS USA suffered a cyberattack last weekend, prompting reported shutdowns at company plants in North America and Australia. The White House has said that the ransomware attack was likely carried out by

A ransomware attack has disrupted ferry services in Cape Cod, Martha’s Vineyard and Nantucket. The region’s Steamship Authority announced Wednesday on Twitter that it has “been the target of a ransomware attack that is affecting operations” and said passengers might experience service delays. No ferries have been canceled, however, which is good news for travelers