Money

By Michelle Toh, CNN Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy, which has emerged as an attractive potential alternative to China as companies seek to diversify their markets and supply chains. Senior executives from 52 US firms are taking part in the

By Anna Bahney, CNN The median price of a US home was lower this February than it was in February 2022, ending more than a decade of year-over-year increases, the longest on record, according to a National Association of Realtors report released Tuesday. The median existing home price was $363,000 in February, down 0.2% from

By Matt Egan, CNN Nearly two years of high inflation has caused many consumers to say goodbye to premium goods in favor of cheaper alternatives. New research from Adobe Analytics, shared with CNN, spells out the scale of this trading-down trend playing out in online shopping. Across 11 categories of e-commerce, high-priced goods have lost

By Matt Egan, CNN JPMorgan Chase’s investment bank has been hired to advise First Republic as the embattled regional bank tries to ease concerns about its financial condition, people familiar with the matter told CNN. First Republic’s share price has plummeted 90% to record lows over the past month as investors took scrutinized lenders with

By Anna Cooban, CNN Hats, bags and gold bars emblazoned with Credit Suisse’s logo are being sold on resale sites, having popped up mere hours after the 167-year-old bank was saved from collapse by rival UBS. The emergency takeover brokered by the Swiss government will mean the end of a bank that began life in

By Matt Egan, CNN The federal government could once again come to the rescue of uninsured bank depositors if smaller lenders suffer bank runs like the one that collapsed Silicon Valley Bank, according to prepared remarks from US Treasury Secretary Janet Yellen. Yellen argues the government’s “decisive and forceful actions” have successfully calmed the banking