This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. When employers adopt artificial intelligence in the workplace, they’re more likely to train workers on the technology than replace them with it, the Federal Reserve Bank of New York concluded in an analysis released Sept. 4. Businesses responding to a survey reported an increase in AI use over the past year, but very few firms reported related layoffs, the Fed found. Instead, ...

Gold (GC=F) futures opened at $3,672.80 per ounce on Friday, up 1% from Thursday’s close of $3,636.90. Gold has been trading in a narrow range since Wednesday, yet reached as high as $3,695.50 this morning. Gold prices did not respond meaningfully to a higher-than-expected Consumer Price Index report for August. Prices rose 0.4% after rising 0.2% in July. Groceries and gas were up 0.5% and 1.9%, respectively. Despite the inflation uptick, investors still expect the Fed to lower interest rates next week in ...

Stephen Curry and LeBron James are at it again, battling not for the NBA title but for the tens of billions of dollars that Chinese shoppers are dropping on sneakers https://t.co/1mEIACrtcJ ...

Coffee shops and bookstores are college-campus staples. Now retailers selling apparel and candles are looking to get in on the action too. https://t.co/C03YPjD4r6 ...

Group 1 - The sports and outdoor apparel market is projected to reach a scale of 542.5 billion in 2024, representing a year-on-year growth of 10% [1] - The domestic oil price is expected to increase by 0.06-0.07 yuan per liter on September 9, while international oil prices have dropped over 3% this week [2] - The commercial encryption market in China is anticipated to reach 98.6 billion in 2023, with a leading number of certifications [3] Group 2 - Huichuan Technology is set to launch a 1 billion project in October, with revenue of 20.509 billion in the first half of the year [4] - The retail industry in China has seen its September business climate index reach an 8-month high, indicating positive development [5] - Companies like Chongqing Juyuan Tongda have improved production efficiency, leading to an increase in industrial output value [6]

Summary of Key Points from the Conference Call Industry and Companies Involved - **Industry**: Technology and Consumer Services in Asia - **Companies**: Tencent, Alibaba, Grab, JD Logistics, HYBE, Foxconn Industrial Internet, Pony AI, Miniso, Gambol, Prudential Plc, Zijin Mining, InterGlobe Core Insights and Arguments Tencent - **AI Growth**: Tencent is focusing on AI model performance and multi-modal opportunities, which are expected to enhance revenue streams and user experience in gaming [1] - **Capital Allocation**: The company is committed to disciplined capital allocation and share buybacks, indicating a strong financial strategy [1] - **Target Price**: 12-month target price set at HK$701 [1] Alibaba - **Cloud Revenue**: Strong visibility in cloud revenue acceleration with a three-year AI capex target of Rmb380 billion [1] - **Quick Commerce**: Expanding as a goods and services consumption platform, improving unit economics through scale [1] - **Target Price**: 12-month target price set at US$163/HK$158 [1] Grab - **Market Leadership**: Grab is the leading on-demand player in Southeast Asia, with a user base only 6% of the ASEAN population, indicating significant growth potential [1] - **Consumer Spending**: The company is adapting to softer macro conditions by targeting price-sensitive segments [1] - **GMV Growth**: Achieved a GMV growth rate of 20%, up from 16% two years ago [1] - **Target Price**: 12-month target price set at $6.30 [4] JD Logistics - **Revenue Outlook**: Positive revenue outlook for Q3, driven by food delivery fulfillment services [4] - **International Expansion**: Accelerating international expansion and enhancing technological capabilities [4] - **Target Price**: 12-month target price set at HK$17.70 [4] HYBE - **Superfan Base**: Focus on expanding the 'superfan' base to sustain growth in the global music industry [4] - **Market Strategy**: Emphasizing localized content and revitalizing global fan culture [4] - **Target Price**: 12-month target price set at W310,000 [4] Foxconn Industrial Internet - **AI Servers**: Positive outlook on AI servers with strong R&D and market share gains [5] - **Target Price**: 12-month target price set at Rmb59.50 [5] Pony AI - **Robotaxi Expansion**: Plans to produce over 1,000 Gen-7 Robotaxi vehicles by the end of the year, with driverless operations in multiple cities [5] - **Target Price**: 12-month target price set at $24.50 [5] Miniso - **IP Cultivation**: Management is focused on developing exclusive IPs, with positive sales performance from newly launched products [6][7] - **US Market Strategy**: Progressing well in the US with plans to open high-quality stores [7] - **Target Price**: 12-month target price set at US$25.3/HK$49 [7] Gambol Pet - **Sales Growth**: Targeting over 30% year-on-year sales growth in the second half of 2025 [7] - **Premiumization**: Higher-end brands are outperforming, with significant growth in specific product lines [7] - **Target Price**: 12-month target price set at Rmb120 [7] Prudential Plc - **Growth Confidence**: Management is confident in achieving FY27 targets, driven by NBP growth and improved operating variances [8] - **Target Price**: 12-month target price set at HK$134/1,240p [8] Zijin Mining - **Copper Expansion**: Faster-than-expected copper expansion in Tibet, with a focus on competing with top global miners [9] - **Target Price**: 12-month target price set at HK$30/Rmb31 [9] InterGlobe - **Cost Management**: Focus on cost leadership and balancing demand/supply amid weak air traffic [10] - **Target Price**: 12-month target price set at Rs6,000 [10] Other Important Insights - **AI and US Equities**: The strength of hyperscaler capex is supporting stocks exposed to infrastructure build-out, but a deceleration in capex growth poses risks [12] - **India Consumer Market**: Recent GST cuts are expected to benefit major consumer companies like Britannia and Colgate, enhancing mass consumption revival [12] This summary encapsulates the key takeaways from the conference call, highlighting the strategic focuses and financial outlooks of the involved companies.

Leadership Changes - MillerKnoll announced the appointment of John Hoke as Board Chair, effective October 13, 2025, following Mike Volkema's retirement after 25 years on the Board [1][2] - Jeff Stutz has been named Chief Operating Officer, effective September 8, 2025, continuing to report to Andi Owen, President and CEO [1][3] Leadership Background - John Hoke has been on the MillerKnoll Board since 2005 and has over 30 years of experience at Nike Inc., where he served as Chief Innovation Officer [2][3] - Jeff Stutz has been with the company since 2001, previously serving as Chief Financial Officer and has played a key role in navigating macroeconomic challenges [3][4] Responsibilities and Focus Areas - In his new role, Stutz will oversee MillerKnoll's International Contract Business, global manufacturing and distribution operations, and Europe-based brands [4] - Stutz aims to grow the International Contract and Group brands through the dealer ecosystem and optimize manufacturing operations globally [4][5] Company Overview - MillerKnoll is a collective of design brands, including Herman Miller and Knoll, focusing on furniture and accessories for commercial and residential spaces [6] - The company generated net sales of $3.7 billion in fiscal year 2025 [6]

Lululemon was hit with at least seven analyst downgrades in a single day as analysts say the upscale clothing retailer needs a “strategic pivot” https://t.co/44gDHdjCOH ...

Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential [1] - The popularity of insurance companies in the Philippines has influenced investment strategies, leading to diversification beyond traditional savings methods [1] - The trend of investing in blue-chip companies has evolved, with a broader portfolio now including various industries and market capitalizations [1] Investment Strategies - The focus on banking, telecommunications, and retail sectors indicates a strategic approach to capitalize on stable and growing industries [1] - The entry into the US market in 2020 reflects a growing interest in international investments, particularly in sectors like banks, hotels, and logistics [1] - Utilizing platforms like Seeking Alpha for analysis demonstrates a commitment to informed decision-making and knowledge sharing within the investment community [1]

E-commerce Transformation - Walmart transformed from a retail dinosaur to an e-commerce giant [1] - The report explores the strategy that saved Walmart [1] Company Focus - The report focuses on the strategy of Walmart, the world's largest private employer [1]