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Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs

Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs

Business News

On Running shoes at On’s headquarters in in Zurich, Switzerland. CNBC On 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, […]

Swiss sneaker company On beats sales estimates, raises guidance despite Vietnam tariffs Read More »

Paramount buys UFC rights in .7 billion, 7-year deal in first major move post-Skydance merger

Paramount buys UFC rights in $7.7 billion, 7-year deal in first major move post-Skydance merger

Business News

Days after completing its merger with Skydance, Paramount has acquired the U.S. rights to TKO Group’s UFC for seven years, beginning in 2026. Paramount is paying an average of $1.1 billion per year, totaling $7.7 billion, for UFC’s full slate of 13 marquee events and 30 “Fight Nights,” the companies said in a statement. All

Paramount buys UFC rights in $7.7 billion, 7-year deal in first major move post-Skydance merger Read More »

Ford announces billion investment in Louisville assembly plant aimed at cheap EVs

Ford announces $2 billion investment in Louisville assembly plant aimed at cheap EVs

Business News

An aerial view as a Ford sign stands on the sales lot of the Metro Ford dealership on May 06, 2025 in Miami, Florida. Joe Raedle | Getty Images Ford on Monday announced it would invest $2 billion and create 2,200 new jobs at a Louisville, Kentucky, assembly plant aimed at rolling out more affordable

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Can Stitch Fix make a comeback? Inside the company’s return to growth

Can Stitch Fix make a comeback? Inside the company’s return to growth

Business News

The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard/ | Bloomberg | Getty Images Could Stitch Fix be on the path to a comeback?  The clothing subscription service, one of the many pandemic

Can Stitch Fix make a comeback? Inside the company’s return to growth Read More »

Here’s what U.S. automakers are saying about Trump’s changing EV policies

Here’s what U.S. automakers are saying about Trump’s changing EV policies

Business News

Tesla electric vehicles at a charging station in Alhambra, California on March 11, 2025.  Frederic J. Brown | AFP | Getty Images On President Donald Trump’s first day in office, he signed an executive order aiming to eliminate the “electric vehicle mandate” and remove subsidies that favor EVs. Since then, his administration has taken steps

Here’s what U.S. automakers are saying about Trump’s changing EV policies Read More »

From Starbucks to Smoothie King, restaurants seek to cash in on consumers’ protein frenzy

From Starbucks to Smoothie King, restaurants seek to cash in on consumers’ protein frenzy

Business News

Starbucks Protein Drink Courtesy: Starbucks Restaurant chains are joining in on the protein frenzy, hoping to encourage diners to pay more for extra macronutrients during a time when many consumers aren’t spending as much. From “gym bros” to users of GLP-1 drugs like Ozempic, many Americans are trying to add more protein to their diets,

From Starbucks to Smoothie King, restaurants seek to cash in on consumers’ protein frenzy Read More »

Crocs CEO says consumer environment is ‘concerning,’ will reduce orders in the second half

Crocs CEO says consumer environment is ‘concerning,’ will reduce orders in the second half

Business News

Inside a Crocs store at Queens Center in New York. Ryan Baker | CNBC Casual footwear company Crocs plans to reduce orders for the second half of the year amid what its CEO called a “concerning” environment for the consumer. “We see the U.S. consumer behaving cautiously around discretionary spending. They are faced with current

Crocs CEO says consumer environment is ‘concerning,’ will reduce orders in the second half Read More »

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