26 February 2026 | 8:48PM HKT Equity Research CHINA CONSUMER Assessing the success of "going global" – from supply chain efficiency to brand power; answering 5 key questions Chinese consumer companies are accelerating their global push, driven by slowing domestic growth and their proven competitive strengths, to gain share from their global peers. The expansion strategy is shifting from cost and supply chain advantages to innovation and brand power. Geographically, the focus is moving beyond emerging market ...

The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction after moving notably higher over the two previous sessions.A mixed reaction to earnings news from Dow components Nvidia (NVDA) and Salesforce (CRM) may lead to choppy trading on Wall Street.Shares of Nvidia are jumping by 1.0 percent in pre-market trading after the AI leader reported better than expected fiscal fourth quarter results and provided upbeat guidance."Despite al ...

Core Insights - The rapid adoption of artificial intelligence (AI) is leading to significant job losses in various industries, with Goldman Sachs estimating that AI was responsible for 5,000 to 10,000 monthly net job losses in the most affected U.S. sectors last year [1] - AI accounted for 7% of total planned layoffs in January, indicating a growing trend of companies restructuring their workforce in response to automation [1] Company Layoffs Linked to AI - AGORA plans to lay off up to 166 employees, or 6.56% of its workforce, to improve its digital business [2] - ALLIANZ intends to cut up to 1,800 jobs in its travel insurance division due to AI replacing manual processes [3] - AMAZON confirmed 16,000 corporate job cuts as part of an AI and efficiency-driven overhaul [3] - AUTODESK will reduce about 1,000 jobs, approximately 7% of its global workforce, to focus on cloud and AI initiatives [4] - BRITISH AMERICAN TOBACCO announced an AI-driven productivity program that will lead to unspecified job cuts [4] - DOW plans to cut about 4,500 jobs, which is 13% of its total workforce, by streamlining processes through automation and AI [5] - HP INC expects to cut 4,000 to 6,000 jobs globally by fiscal 2028 as it adopts AI [5] - MERCADOLIBRE laid off 119 employees as part of its AI expansion [6] - META is cutting over 1,000 jobs at its Reality Labs unit and around 600 positions in its Superintelligence Labs to pivot towards AI devices [6] - NIKE is laying off 775 employees to enhance profits and increase automation [7] - PINTEREST plans to cut up to 15% of its workforce to focus on AI roles and strategy [7] - SEB announced a restructuring plan that may impact up to 2,100 jobs worldwide by 2027 due to AI [8] - TELSTRA plans to cut 650 jobs in an AI-driven restructure [9] - WISETECH will reduce about 2,000 jobs, nearly one-third of its global workforce, as it integrates AI into its operations [9]

Group 1: AI Impact on Employment - Goldman Sachs warned that accelerating AI adoption could lead to higher U.S. unemployment this year, with job losses already occurring in sectors most exposed to automation [1] - Goldman economists estimated that AI was responsible for 5,000 to 10,000 monthly net job losses in the most exposed U.S. industries last year, accounting for 7% of total planned layoffs in January [2] Group 2: Company-Specific Layoffs Linked to AI - AGORA announced plans to lay off up to 166 employees, or 6.56% of its workforce, as part of a restructuring to improve its digital business [2] - ALLIANZ plans to cut up to 1,800 jobs in its travel insurance division due to AI replacing manual processes [3] - AMAZON confirmed 16,000 corporate job cuts as it pursues an AI- and efficiency-driven overhaul [3] - AUTODESK will shed about 1,000 jobs, or roughly 7% of its global workforce, redirecting spending to its cloud platform and AI initiatives [4] - BRITISH AMERICAN TOBACCO announced a new AI-driven productivity program expected to lead to job cuts, though specifics on affected workforce were not provided [4] - DOW will slash about 4,500 jobs, 13% of its total workforce, as it streamlines processes using automation and AI [5] - HP INC expects to cut 4,000 to 6,000 jobs globally by fiscal 2028 as it adopts AI [5] - MERCADOLIBRE laid off 119 people in an AI-expansion move [5] - META is cutting over 1,000 jobs at its Reality Labs unit and around 600 positions in its Superintelligence Labs as it pivots from the Metaverse to AI devices [6] - NIKE is laying off 775 employees to boost profits and accelerate automation [7]

Stocks to watch as Trump's new tariffs spell more uncertainty | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A trader works on the floor, as a screen displays U.S. President Donald Trump during a press briefing at the White House following the Supreme Court's ruling on tariffs, at the New York Stock... [Purchase Licensing Rights, opens new tab] Read more- Companies[Alcoa Corp]Follow[Alibaba Group Holding Ltd]Follow[Best Buy Co Inc ...

On Holding AG (NYSE:ONON) is one of the best foreign stocks to buy right now. On February 3, Bernstein SocGen Group reaffirmed its Outperform rating on On Holding AG (NYSE:ONON) and left the price target unchanged at $70. The firm pointed out that ONON is one of the most dislocated stocks in sportswear. In other words, On Holding’s price has dropped more than it should have, down 15% in 2025, even though the company posted blowout results that year. Bernstein called On Holding the most compelling LT comp ...

Welcome to our Bloomberg audiences worldwide Romaine Bostick here in Milan, Italy, with Elliot Hill, the CEO of nike. Great to have you here, Eliot. It's great to be here.Thanks so much for having me in this great city. Well, thanks for inviting me. You didn't just invite me here to Italy.You invited me to actually oversee what has become a big relaunch here of your ACG brand here at the Milano Cortina Winter Games. Yes. Yeah, it's been.It's part of a clearly, we led with some innovation in apparel on our a ...

Core Viewpoint - Nike's stock has seen a significant decline of 56% over the past five years, raising questions about its ability to reach $100 per share in the future [1][4]. Financial Performance - Nike's all-time high stock price was approximately $166 in November 2021, and it currently trades 64% below that record [4]. - Revenue is projected to rise by less than 1% in fiscal 2026, while earnings per share are expected to decrease by 28% [6]. - Product costs have increased by $1.5 billion annually due to ongoing tariff impacts [6]. Market Position and Strategy - Nike remains the clear leader in the sportswear industry, generating $12.4 billion in sales for Q2 2026 [7]. - The company is focusing on rebuilding relationships with wholesale accounts that were neglected during the pandemic [5]. - Marketing expenditures, known as demand creation expenses, amounted to $1.3 billion last fiscal quarter, representing 10% of sales [8]. Leadership and Future Outlook - The current leadership team is committed to driving growth and restoring profitability, although this turnaround is expected to take time [5][6]. - CEO Elliott Hill is focused on returning the top line to growth, with the expectation that profits will follow [6].

Core Viewpoint - Under Armour reported a decline in third-quarter revenue and a worsened full-year loss outlook, attributing these issues to weaker demand in North America and increased US tariffs [1][5]. Financial Performance - Net revenue for Q3 2025 decreased by 5% year-on-year to $1.33 billion, or 6% lower on a currency-neutral basis [1] - The company experienced a quarterly net loss of $431 million, which included a $247 million valuation allowance related to US federal deferred tax assets [1] - Adjusted net income for the quarter was $37 million [1] Sales Breakdown - Wholesale sales fell by 6% to $660 million, while direct-to-consumer revenue dropped by 4% to $647 million, with online sales down by 7% [2] - Apparel revenue decreased by 3% to $934 million, footwear revenue declined by 12% to $265 million, and accessories revenue fell by 3% to $108 million [2] Cost and Margin Analysis - Gross margin contracted by 310 basis points to 44.4%, primarily due to tariffs, pricing pressures, and an unfavorable sales mix [2] - Selling, general and administrative (SG&A) costs rose by 4% to $665 million, largely due to a $99 million litigation reserve and $3 million in restructuring-related expenses [3] - On an adjusted basis, SG&A expenses fell by 7% [3] Regional Performance - North America revenue dropped by 10% to $757 million, partially offset by a 3% increase in international revenue, with EMEA up by 6% and Latin America up by 20% [4] - Revenue in the Asia Pacific region declined by 5% [4] Inventory and Cash Position - Inventory decreased by 2% to $1.1 billion, with the company ending the quarter with $465 million in cash and $600 million in restricted investments for upcoming debt repayments [4] Full-Year Outlook - For the full year, Under Armour expects revenue to decline by 4% and forecasts an operating loss of $154 million, compared to earlier guidance of a $56 million to $71 million loss [5] - Adjusted operating income is projected to be near $110 million, with diluted loss per share expected to be between $1.24 and $1.25 [5]

Core Insights - Ben Francis, co-founder and CEO of Gymshark, emphasizes that his billionaire status does not define his identity or success, viewing wealth as primarily a figure on paper [2][4] - The perception of billionaire status often misleads people into thinking it equates to having substantial cash reserves, which Francis clarifies is not the case [4] Company Overview - Gymshark was founded by Ben Francis in his parents' garage, and it has grown into a global sportswear brand, contributing to his estimated net worth of $1.4 billion [1] - The brand's early success was significantly driven by social media and content marketing strategies [5] Industry Trends - The rise of AI is transforming the creator economy, with companies like RAD Intel leveraging AI-driven content marketing to enhance startup growth and performance [5] - RAD Intel is currently seeking investors through a Regulation A+ offering priced at $0.85 per share, with a minimum investment requirement of $1,000 [5]