A nonpartisan economic analysis warned that deporting migrants and increasing tariffs would damage the U.S. economy.

The changes proposed by Trump would “cause a large inflationary impulse and a significant loss of employment (particularly in manufacturing and agriculture) in the US economy,” the paper found, adding that in some cases benefits would be conferred onto other economies.

Former President Donald Trump’s plan to raise tariffs on imported goods and deport millions of undocumented immigrants would be a double whammy for the U.S. economy, reducing economic growth while reigniting inflationary pressure,

Corporate America is preparing for a Kamala Harris presidency, according to a CNBC survey of chief financial officers, though they'd prefer Trump for the economy.

Kamala Harris’s speech on the economy on Wednesday was designed to reassure voters that she is not a Marxist. “I’m a capitalist,” she told voters at the Economic Club in Pittsburgh, Pennsylvania – the state that could offer either her or Donald Trump a path to the White House in November.

While Harris has a slight lead nationally, there's no clear leader in the seven swing states likely to decide the election.

The Swiss National Bank reduced interest rates by 25 basis points on Thursday, echoing steps to lower borrowing costs by the European Central Bank and U.S. Federal Reserve, and left the door wide open for more rate cuts as inflation cools sharply.

Swiss National Bank Chairman Thomas Jordan discusses the central bank's rate decision and inflation forecast looking ahead.

In a decisive move to stimulate the economy, the Swiss National Bank (SNB) has announced a reduction of its key interest rate by 25 basis points, bringing it down to 1.0%. This marks the third cut in 2024 and aligns with broader trends observed in major Western economies,