According to BlockBeats, on July 1st, BeiChen Lin, Senior Investment Strategist at Russell Investments, stated in a report that he expects U.S. job growth to remain strong in June, meaning inflation is likely to continue to dominate in determining the Federal Reserve's policy path. He said, "If the labor market remains robust, inflation is likely to be a key factor influencing the Fed's next move."

He added that, given the recent increase in mergers and acquisitions, initial public offerings (IPOs), and debt issuance, a key focus is whether job growth in the financial services sector is accelerating. Relevant data will be released on Thursday. (Jinshi)

According to a CNBC report on July 1st, some companies that previously laid off employees citing AI as a reason have begun rehiring, citing the failure of automated systems to fully handle related tasks. Analysts believe that increasing AI usage while cutting staff is not necessarily the best path to drive business growth. Ford is one of the latest companies to adjust its strategy. Ford is rehiring hundreds of experienced engineers to address quality issues that automated systems cannot resolve. Charles Poon, Ford's vice president of hardware engineering, stated, "AI is a very good tool, but its effectiveness depends on the quality of the information you use to train it."

Commonwealth Bank of Australia and IBM are also re-emphasizing human capital after layoffs and investments in AI technology. Last year, Commonwealth Bank laid off more than 40 customer service staff and replaced them with AI voice robots, but the system couldn't handle the demand, leading to an increase in calls, and the bank subsequently reversed its layoff decision. IBM, on the other hand, used AI to replace some human resources functions; the system could handle about 94% of routine requests, but couldn't handle the remaining 6%, including those involving ethical dilemmas. IBM subsequently announced plans to triple its hiring for entry-level positions in the US by 2026.

An Orgvue report shows that 39% of business leaders have laid off employees due to AI deployment, with 55% admitting that the layoff decisions were flawed. Robert Half data shows that 32% of US hiring managers said they had canceled a position primarily due to AI, only to subsequently rehire for the same or similar role. Capitol Technology University states that AI is changing the workplace, but businesses are finding that human-machine collaboration is more valuable than completely replacing human workers.

According to BlockBeats, on July 1st, SK Hynix recently signed long-term supply agreements (LTAs) with its customers, which differ from those of its competitors by employing a unique contract structure without price caps. This move breaks with the traditional pricing model for long-term semiconductor memory contracts, effectively avoiding missing out on surging profits during periods of supply shortages due to price ceilings. (Jinshi)