Author: Editor

On Running shoes at On’s headquarters in in Zurich, Switzerland.CNBCOn sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam. The buzzy sneaker brand, which has been credited with taking market share from Nike, now expects full year-sales of 2.91 billion Swiss francs ($3.58 billion), up from its previous outlook of 2.86 billion francs ($3.52 billion). That’s in line with Wall Street expectations of 2.92 billion francs ($3.59 billion), according to LSEG. On also raised its gross margin guidance to a range of…

President Donald Trump displays the signed bill during a ceremony for the One Big Beautiful Bill Act on the South Lawn of the White House in Washington, D.CKent Nishimura/Bloomberg President Donald Trump’s tax and spending law will deal a financial blow to the poorest Americans while boosting the income of wealthier households, according to a new analysis from the Congressional Budget Office.The poorest 10% of households will lose an average of about $1,200 in resources per year, amounting to a 3.1% cut in their income, according to the analysis released Monday of the “One Big Beautiful Bill Act.” Households in the highest…