Business/Consumer CNN Wire

AMC soars nearly 40% thanks to more Reddit love

Get your popcorn ready! It looks like the AMC stock surge sequel may be the feel good hit of the summer.Shares of AMC soared about 36% Thursday as investors on the popular Reddit WallStreetBets board were once again touting the…

Scrubs maker FIGS soars in healthy market debut

Doctors and nurses aren't likely to be strutting down runways in Milan or New York in their scrubs. But if they did appear in fashion shows, they'd likely wear outfits designed by FIGS, the trendy health care apparel company that…

Jason Kilar plans to stay as WarnerMedia CEO until 2022

Jason Kilar, whose future as CEO of WarnerMedia had been in some doubt recently, said Thursday he will remain in the job until at least 2022.Kilar announced the decision to WarnerMedia employees at a celebration of the one-year anniversary of…

Scrubs maker FIGS soars in healthy market debut

Doctors and nurses aren't likely to be strutting down runways in Milan or New York in their scrubs. But if they did appear in fashion shows, they'd likely wear outfits designed by FIGS, the trendy health care apparel company that…

CVS is handing out prizes for Covid-19 vaccinations

CVS Health is tempting people who are hesitant to get the Covid-19 vaccine with lavish prizes — some of which were forbidden just a year ago.The pharmacy chain announced Thursday that people who plan to receive or have received a…

HSBC is selling most of its US retail banking business

HSBC is winding down much of its US business to turn its attention to richer clients.The British bank announced Wednesday that it was closing most of its retail banking locations in the country, reducing its current footprint from 148 branches…

Gap is launching a home line through Walmart

Gap and Walmart have teamed up to launch Gap Home, a Gap-branded home decor, bedding, tabletop and bath collection set to debut next month.The collection of more than 400 items, including products made with organic cotton and recycled materials, will…

Larry Summers sends stark inflation warning to Joe Biden

Larry Summers is urging Washington to tap the brakes on stimulus — or risk unleashing a serious burst of inflation."I think policy is rather overdoing it," Summers said in recorded comments at a CoinDesk conference that were released Wednesday. "The…