Weekend Thoughts. 周末随想 2/53. Happy new year. 2/53. 新年快乐。 It felt rather weird to type 'Happy new year and welcome back' when so much happened in just a few trading sessions. 当短短⼏个交易⽇内发⽣如此多变化时，打出「新年快乐，欢迎回来」的感觉颇为奇怪。 Global equities at ATHs, US Momentum Long (GSCBHMOM) +15% YTD, Pre-Profit Tech +12% YTD, Memes stocks +5% on the week, CSI1000 up for 7 sessions straight, KOSPI +9% YTD after last year's +76% spike, Gold still climbing, credit spreads a narrowing, you get the drift. 全球股市创下历史新⾼，美国动量多头指数年内上涨 15%，预盈利 ...

Company Overview - OnePay, a FinTech company backed by Walmart, has reached a valuation of $4 billion, up from $2.5 billion in 2024, following a share repurchase from employees [2] - The company was formed by merging two smaller FinTechs to create an all-in-one financial app and has grown to over 3 million monthly active users due to its partnership with Walmart [2] Product Offerings - OnePay's services now include a credit card, cryptocurrency trading, a buy now, pay later (BNPL) product, and an investing platform [3] - The company has joined Google's Agent Payments Protocol (AP2) to enhance the security and transparency of agentic payments, positioning itself as a credential provider in this initiative [3] Strategic Partnerships and Market Position - OnePay's collaboration with Walmart allows it to leverage a vast customer base and supplier relationships, potentially disrupting traditional FinTech models [4] - The integration of emerging financial tools, such as cryptocurrency functionality, into Walmart's ecosystem exemplifies how the retailer is innovating in everyday commerce [5] AI Integration - Walmart is embedding AI into its operations, including its shopping agent, Sparky, which reflects a shift towards conversational commerce [6] - The addition of AI specialist Shishir Mehrotra to Walmart's board indicates a strategic focus on how AI can enhance product recommendations, personalization, and customer engagement [7]

"'即买即退'政策太方便了，现场就能领到退税款。用这些钱，我们可以给朋友带更多纪念品。"1 月4日，在秦始皇帝陵博物院退税商店，英国游客大卫说。 近日，商务部官网公示两项国家级试点名单——西安成为西北地区唯一入选"消费新业态新模式新 场景试点城市"和"国际化消费环境建设试点城市"双项试点的城市。这也是继去年6月跻身首批"全国零 售业创新提升试点城市"后，西安在消费领域再添的两项国家级试点"金字招牌"。 "我们商场内的区域首店及城市首店、城市旗舰店及城市概念店占比不少，还有不少餐饮名店及品 牌首店、旗舰店，吸引了不少消费者。"西安万象城相关负责人说。 "自去年6月推出'即买即退'服务以来，外国游客消费热情高涨。我们已累计完成离境退税销售额80 万元，退税额逾7万元。"2025年12月31日，西安开元商城相关负责人说。 在外国游客较为集中的西安市大雁塔商圈，大唐不夜城为餐饮、文创商户布放了外卡POS收银设 备；大唐芙蓉园景区境外来宾支付服务中心暨支付服务咨询中心可为外国游客提供货币兑换、外卡取 现、零钞兑换、协助下载移动支付等服务；西安大悦城实现了Alipay+便利支付标识全覆盖；曲江华物· 大唐不夜城主题文创旗 ...

Core Viewpoint - Walmart Inc. is recognized as one of the best consumer staples dividend stocks to invest in, with a positive outlook on consumer spending in 2026, particularly among middle- to high-income consumers [1][2]. Group 1: Financial Performance and Market Position - Bernstein raised Walmart's price target to $129 from $122, maintaining an Outperform rating, based on expectations of stronger consumer spending in 2026 [2]. - Walmart's shares have increased by over 23% in the past year, demonstrating resilience despite challenges such as tariffs and rising costs [3]. - The company has effectively managed pricing strategies, maintaining its low-price promise even amid rising costs, which has reinforced its market position [4]. Group 2: Technological Advancements - Walmart has partnered with OpenAI to enable consumers to browse and purchase items through an integrated shopping feature in ChatGPT, showcasing its commitment to technological adaptation [5]. - The company operates as a technology-powered omnichannel retailer, combining physical stores with e-commerce platforms [6]. Group 3: Consumer Demographics and Market Strategy - Approximately 90% of the US population lives within 10 miles of a Walmart store, highlighting the company's extensive market reach [4]. - The firm anticipates that incremental tax refunds will primarily benefit middle- and high-income groups, which aligns with its target consumer base [2].

（来源：天津日报） 转自：天津日报 2026年元旦假期，和平路商圈人流如织，暖意涌动。天河城一楼的B&C黄油与面包天津首店门口，蜿 蜒的队伍成为一道别样风景，空气中隐约飘散着黄油香气；不远处，Grid Coffee首家门店内，咖啡师正 专注地为客人制作手冲，简约空间里弥漫着咖啡豆的醇香。而在和平大悦城，占据两层楼的潮流集合店 ONE MOMENT天津首店里，年轻顾客穿梭于按色系陈列的服饰间，仿佛置身一个复古美学空间，拍照 打卡与选购的身影交织。这些新鲜面孔自落地起便热度不减，成为商圈里不断吸引人潮的"强磁场"。 在和平区，从滨江道到南京路，从老牌商圈到城市更新项目，"首店""首发"正成为商业焕新的关键词。 据了解，2024年全区引进各类首店、旗舰店、概念店82家；2025年，UH祐禾、李宁篮球主场店、魏斯 理汉堡、B&C、ONE MOMENT等数十家优质首店接连落地。以"首发经济"为抓手，和平区正悄然重塑 消费版图，探索一条以"首"带面、以"新"促兴的高质量发展路径。 政策先行： 政策引领下，商业载体招商积极性明显提升。两年以来，全区新增首店中涵盖国际品牌、国内原创、新 兴业态等多种类型，形成了"引进一个、带 ...

Consumer Sentiment - The University of Michigan's Consumer Sentiment Index increased to 54 in January from 52.9 in December, exceeding economists' expectations of 53.5 [1][2] - Despite the increase, the January reading is significantly lower than the 71.7 recorded in January 2025, indicating ongoing consumer concerns [2][7] - Improvements in sentiment were noted among lower-income consumers, while higher-income consumers reported a decline in sentiment [2] Inflation Expectations - Year-ahead inflation expectations remained steady at 4.2%, the lowest since January 2025 but still above the 3.3% expectations from that month [5] - Long-run inflation expectations slightly increased from 3.2% in December to 3.4% in January, compared to lower readings in 2024 and 2019-2020 [6] Labor Market - The U.S. economy added 50,000 jobs in December, concluding a challenging year for the labor market, which faced various headwinds [9] - Job growth in 2025 was significantly lower, with only 584,000 jobs added compared to 2 million in 2024, marking the weakest annual increase outside a recession since 2003 [11]

（来源：内蒙古日报） 转自：内蒙古日报 "首店"引爆热点，全域优惠则夯实了消费热度。政府与市场合力，推出了一系列促消费"组合拳"。包头 市商务部门联动各大商圈发放通用消费券，春风十里街区的"首店"品牌主动推出开业折扣，七篓超市、 包百、王府井、吾悦广场等当地主要商业体同步开展形式多样的让利活动。线上线下优惠叠加，切实降 低了消费门槛，让市民的购物热情转化为实实在在的消费行动。"消费券用起来很划算，感觉全城都在 搞活动。"刚用券消费的李先生说道。政企同频的优惠举措，有效放大了"首店经济"的带动效应，形成 了全域消费共荣的局面。 这股消费热潮里，更跃动着文化的音符。白云鄂博矿区与文旅集团在春风十里街区带来特色文化展演， 而包头市图书馆举办的"百米长卷画新年"活动，将数百名孩童的创作现场搬到了繁华街区，书香与烟火 气交融，为商业注入了独特的人文温度。带着孩子参加活动的张女士感慨："一边逛街一边感受文化， 体验很特别。"这种"以文促商、以商彰文"的融合实践，不仅提升了消费场景的品位与吸引力，也让市 民在物质消费的同时收获了精神满足，进一步凝聚了街区人气。 □本报记者 蔡冬梅 从一家家备受追捧的"首店"，到全城联动的实 ...

The week delivers comprehensive assessment of financial sector health through major bank earnings, with JPMorgan (JPM) and Delta Air Lines (DAL) reporting Tuesday, followed by Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C) Wednesday, then Morgan Stanley (MS) and Goldman Sachs (GS) Thursday. These results will provide essential insights into consumer spending patterns, business loan demand, investment banking activity, and credit quality trends that determine economic health. Net interest margin ...

核心观点一：AI驱动的数智化营销成为底层操作系统 AI技术已超越工具层面，成为贯穿营销全链路的底层操作系统。从生成式AI驱动的内容生产，到预测性分析指导的用户运营，AI正在重塑营销的各个环 节。例如，联想通过AI智能体实现了从内容创作到分发的全链路智能化，内容生产效率提升超过50%，产量提升近5倍。这表明AI不仅提高了营销效率，还 为企业提供了更精准的用户洞察和个性化服务，成为营销增长的关键驱动力。 核心观点二：信任成为品牌竞争力的核心 在信息过载的时代，品牌需要通过长期价值输出和真诚沟通来重建用户心智中的信任。报告强调，信任是品牌竞争力的最高目标，也是用户心智中的稀缺资 产。例如，小罐茶通过"敢保真"战略和公证机构监督，以及公开专利技术等举措，赢得了消费者的信任，提升了品牌价值。品牌需要通过透明沟通、价值共 鸣和持续兑现承诺，将信任转化为可炫耀的"信任吧唧"，成为圈层文化中的硬通货。 核心观点三：人感营销与IP化成为品牌破局的关键 品牌需要具备"活人感"，通过人格化表达和IP化运营来建立与用户的亲密关系。例如，京东通过"小蔡一碟"等梗营销，将蔡明的毒舌人设与购物体验相结 合，成功种草了"简单直接"的购物理念 ...

苏宁易购五角场店店长施欢欢介绍，消费券发放后的三天内，门店销售额环比增长超过50%，客流同比 增长约100%。今年上半年，企业还将联合工厂在上海投入约4亿元促消费资金，通过直接让利的方式惠 及消费者，预计可带动约20亿元销售额。 从年货大集的烟火气，到卖场里的换新热，上海新年消费正加速升温。 有市民表示，一次采购下来花了三四百元，五谷杂粮、点心、水果都已备齐，"忍不住就想买，现在的 生活就像天天过年一样"。 本次年货节持续近半个月，汇集了上千种优质产品，既有传统年货，也有各地特色美食。糖画、棉花糖 等摊位前，小朋友们流连忘返，不少家长直言"东西太多，一天根本买不完"，既感受年味，也让孩子开 了眼界。 与此同时，家电卖场同样热闹非凡。以旧换新补贴券到账后的首个周末，不少柜台前顾客忙着算优惠 账。对于正在装修或有换新需求的市民来说，国补政策在新年的延续，被形容为一场"及时雨"。 有市民一次性购买了三台空调，也有人趁着装修节点集中采购家电，直言"这几样加起来能省几千块， 相当于政府发的过年红包"。还有家庭成员多人中签消费券，选择尽快到店"把福利兑现"。 除家电外，手机等数码产品也迎来热销。不少消费者表示，正是冲着补 ...