San Francisco CNN — The line begins to form before sunrise outside Zuckerberg San Francisco General Hospital, with some people arriving as early as 2 am, bringing fold-up chairs and blankets to protect against the Bay Area’s overnight chill. They wear face masks, and keep a social distance from others, obeying the ground rules from … Read more
SolarEdge shares tumbled this week after the company’s second-quarter results showed a hit to margins from factory closures, higher transport costs and currency headwinds from the weakening Euro. But SolarEdge CFO Ronen Faier said lower margins now is the price to be paid for long-term growth in a market where demand is skyrocketing. “We have … Read more
Washington CNN — Sen. Kyrsten Sinema on Thursday night offered critical support for President Joe Biden’s domestic agenda after party leaders agreed to change new tax proposals at her request, indicating she would “move forward” on Democrats’ sweeping economic package that has been the product of intensive negotiations for more than a year. Sinema’s support … Read more
Washington CNN — Sen. Kyrsten Sinema on Thursday night offered critical support for President Joe Biden’s domestic agenda after party leaders agreed to change new tax proposals at her request, indicating she would “move forward” on Democrats’ sweeping economic package that has been the product of intensive negotiations for more than a year. Sinema’s support … Read more
If you took out a loan earlier this year, there’s a chance you’ll be hearing from your bank about a flub that may have been part of its lending decision. One of the three big credit-reporting companies, Equifax, announced this week that a coding issue resulted in the company providing inaccurate consumer credit scores to … Read more
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat … Read more
CNN — US Secretary of State Antony Blinken backed a proposal from the European Union aimed at salvaging the Iran nuclear dealsaying Monday that the United States is “prepared to move forward on the basis of what’s been agreed,” but it is unclear if Iran is prepared to do the same. His comments come as … Read more
A customer shops in a Kroger grocery store on July 15, 2022 in Houston. Brandon Bell | Getty Images As experts debate whether the US is on the brink of an economic downturn, many Americans are already bracing themselves for a recession. To that point, 66% of Americans worry that a major recession is right … Read more
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. new york CNN Business — If you’re reading this, it means you’ve survived the busiest week of … Read more
CNN — After days of fatal flooding washed away parts of eastern Kentucky and the death toll climbed to at least 25, first responders worked Saturday to account for missing residents, the state’s governor said. Gov. Andy Beshear lamented that the number of deaths “is likely to increase” following what officials have described as unprecedented … Read more