What the Flux: Recent Episodes
Flux
Bite-sized business news. 5 minute breakdown of the top 3 Australian or global business stories of the day. Tailor made for busy humans. Hosted by Brett Joffe and Justin Joffe, co-founders of Flux.
In this series, Going Deep, we'll be doing bite-sized explorations into the most interesting industries, businesses, and economic events - in Australia and around the world.
For today's episode, we're looking at the decline and collapse of the global diamond industry.
We've seen De Beers rack up billions in losses… and lab-grown diamonds take over half the engagement ring market.
In this episode, we'll explore how a 138-year monopoly was built on a single marketing idea — and how a machine the size of a kitchen appliance is tearing it apart. Plus, what that means for the countries, the companies, and the couples caught in the middle.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
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Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
In this series, Going Deep, we'll be doing bite-sized explorations into the most interesting industries, businesses and economic events… in Australia and around the world.
For today's episode, we’ll be diving into the business of IVF. Birth rates are hitting record lows, people are having kids later than ever and a $730 million Australian industry has built itself on that gap.
But at the same time, we've seen two of Australia's three biggest IVF providers hit by major scandals in the same year.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
In this series, Going Deep, we do bite-sized explorations into the most interesting industries, businesses, and economic trends… in Australia and around the world.
For today's episode, we're looking at one of the fastest-growing corners of global finance that most Australians have never heard of - prediction markets.
This isn’t a bet on an AFL game.. Or a punt on the Melbourne Cup. This is placing real money to bet on world events like whether the RBA cuts rates… or whether a recession hits before Christmas?
In this episode, Brett and Justin explore how prediction markets went from a university experiment in Iowa to Robinhood's fastest growing product and whether this is the future of finance or just the world's most sophisticated casino.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
In this series, Going Deep, we're looking at the rise of the Aussie female athlete economy.We've seen the Matildas become Australia's most valuable sporting brand, women's cricket break viewership records, and the NRL salary cap nearly triple in three years.
In this episode, we'll explore how one World Cup semi-final changed the commercial conversation forever - and whether the money is actually reaching the athletes who created the moment.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
Today on What the Flux: In Conversation, we’re excited to be joined by Matt Heine, CEO and Managing Director of Netwealth…and Flux’s relatively new corporate overlord.
For those who don’t know, Netwealth is one of Australia’s fastest-growing wealth management and fintech companies - having grown its share price over 450% since its IPO in 2017.
Matt has been working at Netwealth since 2001 and has held roles across sales, marketing and product. He became joint managing director alongside his father Michael Heine in 2015 and became the sole managing director in 2022.
In our conversation today, we’ll dig into how his early experiences shaped him, how he thinks about scaling a platform and what the future of advice and wealth looks like in Australia and globally.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
In this series, Going Deep, we'll be doing bite-sized explorations into the most interesting industries, businesses and economic events… in Australia and around the world.
For today's episode, we're diving into the Aussie wine crash… a $3 billion export industry that lost its biggest customer overnight and then spent three years drowning in unsold bottles….and what it actually takes to rebuild a billion-dollar industry when the world has moved on without you.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
In this series, Going Deep, we’ll be doing bite-sized explorations into the most interesting industries, businesses and economic events… in Australia and around the world.
For today's episode, we're diving into the weight loss drug economy - a $58 billion industry built on injections that hack your hunger signal.
We've seen food companies scramble to reformulate their products, airlines calculate what lighter passengers mean for their fuel bill and gyms completely rewrite their pitch.
In this episode, we'll explore how Ozempic and Wegovy went from diabetes treatments to cultural phenomena…and what a world of meaningfully lighter people actually means for business, public health, and your hip pocket.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
We're back with our new 'In Conversation' series where we'll be bringing you insights from some of Australia's best and brightest leaders.
Today, we're excited to welcome Janey Martino to What the Flux: In Conversation. Janey is a serial founder who has built and exited businesses across media, fintech, and wellness.
She’s founded two businesses that were acquired, co-founded mindfulness app Smiling Mind, which has reached over nine million Australians and last year, she stepped into the CEO seat at KIC - the company that has evolved from a fitness app into a full wellness ecosystem.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
In this series, Going Deep, we’ll be doing bite-sized explorations into the most interesting industries, businesses and economic events… in Australia and around the world
For today's episode, we’re looking at the decline of Australian retail over the past decade.
We’ve seen David Jones struggle, Mosaic Brands collapse and Myer worth a fraction of its previous value.
In this episode, we’ll explore how cheap imports, online shopping and consumer preferences have shifted… and what this means for Aussie retail into the future.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
Today we're kicking off our new 'In Conversation' series where we'll be bringing you insights from some of Australia's best and brightest leaders.
In our very first episode, we'll be chatting with Grant Hackett OAM, CEO of Generation Development Group and 3 x Olympic Gold Medallist. You may know Grant Hackett for being unbeaten in the 1500 metre race from 1996 to 2007. What you might not know is that while he was doing all that, he was trading shares, studying commerce & law and quietly planning his second act.
That second act? He's now Group CEO of Generation Development Group (ASX: GDG), which he's helped grow from $694 million to $40 billion in funds under management.
We sat down with Grant for our latest In Conversation episode. He shared his childhood heroes, strange superstitions, public setbacks and the mindset that carried him from the pool to the boardroom.
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Note: This recording took place in February 2026. All numbers noted were accurate as of this date.
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
Domain has taken Realestate.com.au’s owner to court over misleading claims… and there’s billions on the line.
Xero has gone an an AI-rampage as it signs a new AI deal with Microsoft Co-Pilot… which is its third big AI deal.
US Ticket reseller StubHub… is being sued by World Cup fans who paid big money for tickets that never showed up.
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Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
The company behind KFC stores in Australia has posted record sales for the last fiscal year but their focus is on preventing bird flu from hitting their supply chain.
Amazon Australia is being sued by the ACCC… for allegedly sneaking ads onto its streaming platform and then charging customers to remove them.
The owner of Ticketek has started a major restructure and job-cut after it scrambles to win back the events it's been losing left, right and centre.
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Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
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Download the free app (App Store): http://bit.ly/FluxAppStore
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Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
See omnystudio.com/listener for privacy information.
Coles and Woolies are in the firing line after Australia has just announced world-first supermarket price gouging laws
The NRL has just locked in the biggest broadcast rights deal in Australian sports history… which makes rugby league more valuable than AFL for the first time.
Apple has hiked the price of its Macs, iPads and other Apple products because AI is eating the world's memory supply
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Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Complete the Budget survey for your chance to win 3 x $100 gift cards - takes only 2 mins
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
Important Information: This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13 006 165 975, AFSL 230 523 on 19 May. Comments made by BIMAL employees here represent BIMAL’s views only.
This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances.
Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.
See omnystudio.com/listener for privacy information.
Qantas and smaller sibling Jetstar are axing flight routes across Australia…and Australians in regional centres are about to feel it
Judo Bank's share price has collapsed more than 40% in a single day after three problem business loans blew up simultaneously
Meta is betting on prediction markets after secretly launching a new standalone app called "Arena"
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Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Complete the Budget survey for your chance to win 3 x $100 gift cards - takes only 2 mins
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
Important Information: This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13 006 165 975, AFSL 230 523 on 19 May. Comments made by BIMAL employees here represent BIMAL’s views only.
This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances.
Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.
See omnystudio.com/listener for privacy information.
The Aussie company behind Cocobella and Rokeby protein shakes has been acquired by Danone for nearly $2 billion.
Reddit is turning human opinions into a $625 million ad business…and is introducing new products to capitalise on its community.
WiseTech, ASX-listed logistics software, just lost $2 billion from its market value because of a very serious investigation into its founder.
_
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Complete the Budget survey for your chance to win 3 x $100 gift cards - takes only 2 mins
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
Important Information: This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13 006 165 975, AFSL 230 523 on 19 May. Comments made by BIMAL employees here represent BIMAL’s views only.
This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances.
Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.
See omnystudio.com/listener for privacy information.
Glue Store just became the latest fashion victim to permanently close its doors after the stores were losing too much money for its owner
Australia's biggest insurers have warned home insurance premiums will rise by double digits every year for the foreseeable future
BMW has suffered a 6% fall in share price after it hit the brakes on its own profit outlook
_
Want to lean how to go from a Saver to Investor in just 7 days - watch our new series here
Complete the Budget survey for your chance to win 3 x $100 gift cards - takes only 2 mins
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
____
Important Information: This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13 006 165 975, AFSL 230 523 on 19 May. Comments made by BIMAL employees here represent BIMAL’s views only.
This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances.
Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.
See omnystudio.com/listener for privacy information.
The Labor government has done a major backflip on its capital gains tax changes… while also dumping its stealth death tax.
ARN Media are forking out $12 million to get Kyle Sandilands off their airwaves… but they’ll pocket some of his future earnings in the process.
Snapchat’s stock plunged by around 9%... after releasing a pricey pair of augmented reality glasses - called Specs.
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Complete the Budget survey for your chance to win 3 x $100 gift cards - takes only 2 mins
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
The RBA has held the cash rate at 4.35 per cent… pausing to see if the three hikes this year so far has actually made a difference.
Australia’s largest sneaker retailer, behind Platypus and Athlete’s Foot has received a hostile takeover bid…without a single cent of premium.
Grill'd is being sued by the ACCC for allegedly misleading customers about how much it would donate to an environmental cause in a 3 year promotion.
_
Complete the Budget survey for your chance to win 3 x $100 gift cards - takes only 2 mins
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Super Retail Group has announced a five-year plan for its brands like Rebel Sport to own regional Australia… before competitors get there.
SpaceX has just completed the biggest IPO in history - raising $US75 billion and turning Elon Musk into the world's almost-trillionaire.
Cadbury has posted double-digit growth in Australia as we turn to chocolate during the cost-of-living crisis.
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Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Sigma Healthcare, the owner of Chemist Warehouse, is chasing a $14 billion deal to buy UK pharmacy giant Boots.
Kmart is opening a massive furniture showroom called K Home to grab a bigger slice of the furniture market.
Bending Spoons, the Italian app studio that buys dying internet brands has just filed for a $20 billion Nasdaq IPO.
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Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
KPMG's global bosses have frozen partner exits at KPMG Australia to stop an exodus blowing up the entire audit season.
Universal Music is sounding out a €1 billion bond sale… after one of its major backers sold his stake in the company.
Prada is heading to the moon…by designing garments for NASA astronauts to wear for their next big moon landing.
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Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
David Jones lost more than $95 million in 2025… and is being investigated for being six months late to report it.
Hasbro, the mega toy company has launched a new unit to allow businesses to rent the AI voices of Optimus Prime, Mr. Monopoly and Peppa Pig.
Victoria’s Secret’s shares have soared 50%... after it bumped its revenue forecast by $180 million.
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Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Foxtel is making a $4 billion power play to kick Nine off the NRL.. and it's shopping for a free-to-air mate to make it happen.
Anthropic has confidentially filed for an IPO at a $965 billion valuation USD.
WiseTech told the world it’s replacing 2,000 employees with AI… then prevented some of its employees it fired from working for its rivals.
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Download the free app (App Store): http://bit.ly/FluxAppStore
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Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
The ACCC has opened a preliminary investigation into Uber Eats after claims of anti-competitive deals.
The Enhanced Games has suffered 70% fall in its share price in the past three weeks…after promised to break world records and failing dismally.
Temu has been hit with a €200 million fine by EU regulators for failing to stop illegal products being sold on its platform… and the bill could still get bigger.
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Download the free app (App Store): http://bit.ly/FluxAppStore
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Endeavour Group, the owner of Dan Murphy, is selling off its wineries and axing 80% of its grape production.
FIFA is being investigated for selling crazy-expensive World Cup tickets… and apparently creating fake demand to do it.
Oreo is collabing with K-pop supergroup BTS… in the biggest partnership ever for the cookie maker.
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NAB is cutting jobs in Australia… while hiring up to 1000 new staff in India and Vietnam.
SpaceX has added an Australian retail investment platform to its IPO plans.. in what could be the biggest IPO in history.
Ferrari has unveiled its first fully electric car and its own marketing chief is telling its loyal petrol heads to please, please not buy it.
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Netwealth Disclaimer:
Netwealth Superannuation Services Pty Ltd issues Netwealth Super Accelerator. Netwealth Investments Limited issues the Netwealth Wealth Accelerator Multi-Asset Portfolio Service. Information contained within this post is of general nature only. Consider whether the products are appropriate for you and seek advice where required. To help you decide, read the PDS or IDPS Guide and TMD available at netwealth - Super & Investment Solutions - Investors & Wealth Professionals.
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Guzman y Gomez has shut its eight Chicago stores and abandoned its US expansion…and its share price skyrocketed on the news.
Singtel has not-so-quietly put a "For Sale" sign on part of Optus… Australia's second-biggest telco.
Oura Ring has confidentially filed for an IPO, as the smart ring maker is eyeing a $2 billion USD revenue year.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Information on current super contribution caps, limits and tax sourced from the Australian Tax Office website.
Netwealth Disclaimer:
Netwealth Superannuation Services Pty Ltd issues Netwealth Super Accelerator. Netwealth Investments Limited issues the Netwealth Wealth Accelerator Multi-Asset Portfolio Service. Information contained within this post is of general nature only. Consider whether the products are appropriate for you and seek advice where required. To help you decide, read the PDS or IDPS Guide and TMD available at netwealth - Super & Investment Solutions - Investors & Wealth Professionals.
The Information contained in this article is general information. It does not constitute legal, tax, credit or financial advice and is not tailored to an individual’s circumstances. You should consider your own personal circumstances and seek advice from your professional advisers before making any decisions that may impact your financial situation.
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Webjet’s shares have nosedived to record lows ... .after its travel bookings have ground to a halt.
Australia's major banks are hiking home loans after every RBA rate hike… but the interest rate on savings accounts isn’t following.
James Murdoch’s company, Lupa Systems has just bought Vox Media for over $300 million USD… and it could be just the beginning for his very own media empire.
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ASX-listed Tuas has seen its shares fall 63% after Singapore's regulator warned that its $1.5 billion merger is on the ropes.
Birkenstocks are falling… falling more than 14%.... and hitting record lows…as its luxury status is being called into question.
Everlane, the brand that built its whole identity on radical sustainability, has just been acquired by Shein.
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Zip Co has lost a decade-long High Court battle over its own name and will be forced to rebrand its entire Australian business.
Temple & Webster has raised its prices and pulled back on promotions after warning that its earnings will be 30% below market expectations.
Swiss sneaker brand On has raised its profit forecast after clocking a 26% sales surge…but its US growth might be starting to untie itself.
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CommBank’s shares have seen their biggest single-day fall in history earlier this week after wiping $30 billion from its market value.
Xero's revenue jumped 31%...but profits fell 27% after its multi-billion dollar US acquisition has hurt the bottom line.
CNN has launched a stand-alone weather app…three years after its last digital product collapsed in just 29 days.
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The Labor government has handed down its 2026 Federal Budget… and it includes the biggest overhaul to Australia's property tax system in 25 year.
CSL has seen nearly $10 billion wiped from its market value after writing-down a multi-billion dollar acquisition it made three years ago.
Dua Lipa is suing Samsung for $15 million after it put her face on TV boxes to sell televisions… without her knowledge, her permission or paying her a cent.
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Macquarie has posted a $4.85 billion annual profit… up 30%... after it turned the Iran oil shock into one of the biggest windfalls in the bank's history.
Google has quietly killed off the $2.1 billion Fitbit app and replaced it with an AI health coach app for all devices.
Uber made $2.1 billion in gross profit in Australia last year and somehow ended up with just under $9 million in net profit.
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JB Hi Fi’s sales rose 4% last quarter… but it’s warned that its laptops are facing major price hikes.
GameStop’s share price has fallen 10% after it made an unsolicited $55 billion USD bid to buy eBay… a company four times its size.
Tinder sign ups are growing for the first time since 2024… and it’s Gen Z women who are swiping right.
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The Reserve Bank has hiked rates for the third consecutive meeting to 4.35%...and this is the highest cash rate in over a decade.
Chemist Warehouse is taking its discount pharmacy model to the UK after buying into a British chain that’s been losing millions.
Duolingo has beat its quarterly targets… but its share price is still slumping 11% on the news.
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ANZ announced a 6% jump in half-year profit to $3.8 billion but its shares barely moved on the results.
LIV Golf is months away from bankruptcy after its biggest backer pulled its multi-billion dollar backing of the golf league.
Nine Network has done a major overhaul of its tech…and people… to try and to compete against the TikToks, YouTubes and Netflixes of the world.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Woolworths has cut its 2026 profit forecast…despite sales rising 5.9% last quarter.
Bega Group is churning out yoghurt in record numbers… and it's predicting profits will skyrocket 40% by 2031.
Alphabet has just smashed its first quarter expectations with $107 billion in revenue and Google Search ain’t dead yet.
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Google and Meta have transferred almost $11 billion of Australian revenue to offshore entities over the past year to reduce their tax locally.
Amazon's cart is overflowing with cash… pulling in $4.77 billion from Aussies in 2025… as local spending on the platform hits a record high.
Adidas shares are on a runner's high… after Sabastian Sawe ran the first ever sub-two-hour marathon… in their trainers.
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Microsoft is investing a whopping $25 billion into Australian data centres… as demand for AI just keeps booming.
Warner Bros Discovery’s investors have overwhelmingly approved the $110 billion Paramount takeover deal… but some others aren’t too happy about it.
SpaceX eyes a $60bn acquisition of AI coding startup Cursor as it ramps up its push into the booming AI developer tools market.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Cochlear, the ASX-listed hearing implant company, has seen its share price plummet 36% - its biggest one day fall in 30 YEARS.
Intrepid Travel, the Aussie tour group operator, is buying its way to billion dollar status… by snapping up French rival Altai.
Adobe has announced a massive $25 billion share buyback program to give investors confidence in its future…despite the launch of Claude Design and co.
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NAB’s share price has dropped more than 3% as it prepares for a downturn for its business customers.
Mecca’s revenue grew to $1.43 billion by the end of last year… … all thanks to opening a string of brick and mortar stores.
Apple’s CEO Tim Cook has announced plans to step down, with his long-time team member John Ternus taking on the top gig.
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Zip Co has seen its shares spiked up to 24% after announcing an upgrade to its earnings guidance thanks to the US.
Gucci is teaming up with Google to launch smart glasses… as it fights to save its profits and make Gucci gucci again.
Amazon is acquiring satellite company Globalstar for $11.6 billion to supercharge its space internet ambitions.
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Qantas and Virgin Australia are cutting their lower demand flights because fuel prices continue to bite their bottom line.
Uber is driving away from the gig economy… and pulling into the robotaxi lane with a $10 billion investment.
Allbirds, the NZ founded shoe company has seen its shares soar over 500% after saying goodbye sneakers and hello to AI.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Important Information: This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13006 165 975, AFSL 230 523 on 1 April 2026. Comments made by BIMAL employees here represent BIMAL’s views only. This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.
S&P Dow Jones Indices does not sponsor, endorse, sell, or promote any product based on
an S&P Dow Jones index nor does it make any representation regarding the advisability of
investing in the products. Before making any investment decisions, you should assess
whether the product or service is appropriate for you and read the PDS and TMD available
at blackrock.com.au.
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MCoBeauty, the Australian dupe-beauty giant, is facing US lawsuits over claims it has copied its luxury competitor.
IKEA is winding back its famous 365-day refund policy as returns are eating into their flat-pack-margins.
Coachella Week 1 is done and dusted… and the Californian region is counting the moula.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Important Information: This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13006 165 975, AFSL 230 523 on 1 April 2026. Comments made by BIMAL employees here represent BIMAL’s views only. This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.
S&P Dow Jones Indices does not sponsor, endorse, sell, or promote any product based on
an S&P Dow Jones index nor does it make any representation regarding the advisability of
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whether the product or service is appropriate for you and read the PDS and TMD available
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SPC, the fruit and veg processor, has been a major beneficiary as Aussies are stocking up on baked beans and canned goods.
Uniqlo is heading for another record year, with global expansion driving a surprise surge in profits.
Anthropic is holding back its most powerful AI mode… and only giving it to Big Tech… to stop hackers winning the AI arms race.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Important Information: This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13006 165 975, AFSL 230 523 on 1 April 2026. Comments made by BIMAL employees here represent BIMAL’s views only. This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL’s Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.
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at blackrock.com.au.
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Canva has acquired two new startups as it tries to reposition itself from design-software to AI-marketing company.
AustralianSuper has dumped nearly $1 billion from its ESG fund as it tightens ethical investing rules.
Levi Strauss has seen its shares jump 10% after its strongest sales in 4 years…because baggy jeans are back.
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Aussie data centre operator, NextDC is issuing a 100-year, $1 billion bond to fund its booming data centre expansion.
SafetyCulture kicks off its acquisition spree by buying Sydney-based AI start-up Twine as it prepares for the AI era.
AI rivals OpenAI, Anthropic, and Alphabet’s Google have begun working together to clamp down on Chinese competitors stealing their models.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Schroder Investment Management Australia Limited (ABN 22 000 443 274, AFSL 226473) (Schroders) is the product issuer for Schroders Global Equity Alpha Fund (ARSN 678 278 370). This document does not contain and should not be taken as containing any financial product advice or financial product recommendations. This document does not take into consideration any recipient’s objectives, financial situation or needs. Before making any decision relating to a Schroders fund, you should obtain and read a copy of the product disclosure statement available at www.schroders.com.au or other relevant disclosure document for that fund and consider the appropriateness of the fund to your objectives, financial situation and needs.
You should also refer to the target market determination for the fund at www.schroders.com.au. All investments carry risk, and the repayment of capital and performance in any of the funds named in this document are not guaranteed by Schroders or any company in the Schroders Group. The material contained in this document is not intended to provide, and should not be relied on for accounting, legal or tax advice. Schroders does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this document. To the maximum extent permitted by law, Schroders, every company in the Schroders plc group, and their respective directors, officers, employees, consultants and agents exclude all liability (however arising) for any direct or indirect loss or damage that may be suffered by the recipient or any other person in connection with this document. Opinions, estimates and projections contained in this document reflect the opinions of the authors as at the date of this document and are subject to change without notice. “Forward-looking” information, such as forecasts or projections, are not guarantees of any future performance and there is no assurance that any forecast or projection will be realised. Past performance is not a reliable indicator of future performance. All references to securities, sectors, regions and/or countries are made for illustrative purposes only and are not to be construed as recommendations to buy, sell or hold. Telephone calls and other electronic communications with Schroders representatives may be recorded.
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Telstra has just lost one of its key marketing angles as it’s forced to cut its mobile coverage claims by one-third.
Canva has released its latest Australian financial results… very delayed.. And it’s local revenue has cracked over $2 billion USD.
Shein has rolled out a supply-chain-as-a-service offering and is trying to get Aussie fashion brands to jump on board.
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Xero has announced a new partnership with Anthropic to bring AI into accounting… and prove that its business won’t be eaten by AI.
Indian Premier League cricket team, the Royal Challengers Bengalaru, has just sold to a private equity giant for nearly $1.8 billion USD sale.
David Jones is delaying payments to suppliers… giving itself up to 60 days after a sale to actually hand over the cash.
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Qantas could see profits drop by $500 million as it struggles to balance its flights and the huge spike in oil pieces.
Apple is putting ads on Apple Maps… and quietly turning your next cafe search into an advertising battle with Google.
Pop Mart’s Labubu empire is booming… but a 20% share price drop shows hype doesn’t always equal happily ever after.
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A new-look Domain has promised to put a cap on price hikes as part of its new plan to take it up to REA.
Halter, a New Zealand-based agtech company has been valued at $2 billion as it builds AI-powered smart collars for cows.
Cuttable, an Aussie AI ad business has just cracked the $100 million valuation with just 8 software engineers.
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Premier Investments, the owner of Smiggle and Peter Alexander, has announced flat profit for the last half… with one of its brands carrying the weight of the world on its shoulders.
Lamborghini has ditched its plans for a full Electric Vehicle…apparently after customer backlash because it wouldn’t have an engine roar?!
Flight Centre’s share price has taken off after acquiring a creative agency buy… as it looks to sell more than just flights.
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The ACCC has launched a public investigation into whether major fuel suppliers have been committing anti-competitive conduct in regional Australia
Meta is pulling Horizon Worlds off its VR headsets as it shifts further and further away from its expensive metaverse dream
Microsoft is threatening legal action against its partner OpenAI after a $50 billion USD Amazon deal risks turning an exclusive partnership into a very awkward cloud throuple
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Schroder Investment Management Australia Limited (ABN 22 000 443 274, AFSL 226473) (Schroders) is the product issuer for Schroders Global Equity Alpha Fund (ARSN 678 278 370). This document does not contain and should not be taken as containing any financial product advice or financial product recommendations. This document does not take into consideration any recipient’s objectives, financial situation or needs. Before making any decision relating to a Schroders fund, you should obtain and read a copy of the product disclosure statement available at www.schroders.com.au or other relevant disclosure document for that fund and consider the appropriateness of the fund
to your objectives, financial situation and needs. You should also refer to the target market determination for the fund at www.schroders.com.au. All investments carry risk, and the repayment of capital and performance in any of the funds named in this document are not guaranteed by Schroders or any company in the Schroders Group. The material contained in this document is not intended to provide, and should not be relied on for accounting, legal or tax advice. Schroders does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this document. To the maximum extent permitted by law, Schroders, every company in the Schroders
plc group, and their respective directors, officers, employees, consultants and agents exclude all liability (however arising) for any direct or indirect loss or damage that may be suffered by the recipient or any other person in connection with this document. Opinions, estimates and projections contained in this document reflect the opinions of the authors as at the date of this document and are subject to change without notice. “Forward-looking” information, such as forecasts or projections, are not guarantees of any future performance and there is no assurance that any forecast or projection will be realised. Past performance is not a reliable indicator of future performance. All references to securities, sectors, regions and/or countries are made for illustrative purposes only and are not to be construed as recommendations to buy, sell or hold. Telephone calls and other electronic communications with Schroders representatives may be recorded.
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The RBA has lifted interest rates to 4.1%… as war, petrol prices and inflation all collide into a global domino effect.
Google is adding a new AI chatbot to Google Maps in its biggest software update to the product in over a decade.
Peloton is rolling into gyms with new commercial-grade bikes and treadmills as it tries to pedal past at-home business.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Schroder Investment Management Australia Limited (ABN 22 000 443 274, AFSL 226473) (Schroders) is the product issuer for Schroders Global Equity Alpha Fund (ARSN 678 278 370). This document does not contain and should not be taken as containing any financial product advice or financial product recommendations. This document does not take into consideration any recipient’s objectives, financial situation or needs. Before making any decision relating to a Schroders fund, you should obtain and read a copy of the product disclosure statement available at www.schroders.com.au or other relevant disclosure document for that fund and consider the appropriateness of the fund
to your objectives, financial situation and needs. You should also refer to the target market determination for the fund at www.schroders.com.au. All investments carry risk, and the repayment of capital and performance in any of the funds named in this document are not guaranteed by Schroders or any company in the Schroders Group. The material contained in this document is not intended to provide, and should not be relied on for accounting, legal or tax advice. Schroders does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this document. To the maximum extent permitted by law, Schroders, every company in the Schroders
plc group, and their respective directors, officers, employees, consultants and agents exclude all liability (however arising) for any direct or indirect loss or damage that may be suffered by the recipient or any other person in connection with this document. Opinions, estimates and projections contained in this document reflect the opinions of the authors as at the date of this document and are subject to change without notice. “Forward-looking” information, such as forecasts or projections, are not guarantees of any future performance and there is no assurance that any forecast or projection will be realised. Past performance is not a reliable indicator of future performance. All references to securities, sectors, regions and/or countries are made for illustrative purposes only and are not to be construed as recommendations to buy, sell or hold. Telephone calls and other electronic communications with Schroders representatives may be recorded.
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Qantas will pay $105 million to settle a class action over delayed COVID flight refunds… as it tries to move on from the major reputational hit.
McDonald’s CEO went viral for awkwardly eating a burger… and somehow it boosted sales of the burger he was eating.
Bumble’s share price has surged more than 30% after its latest results beat expectations… even though revenue and users are still sliding.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Schroder Investment Management Australia Limited (ABN 22 000 443 274, AFSL 226473) (Schroders) is the product issuer for Schroders Global Equity Alpha Fund (ARSN 678 278 370). This document does not contain and should not be taken as containing any financial product advice or financial product recommendations. This document does not take into consideration any recipient’s objectives, financial situation or needs. Before making any decision relating to a Schroders fund, you should obtain and read a copy of the product disclosure statement available at www.schroders.com.au or other relevant disclosure document for that fund and consider the appropriateness of the fund
to your objectives, financial situation and needs. You should also refer to the target market determination for the fund at www.schroders.com.au. All investments carry risk, and the repayment of capital and performance in any of the funds named in this document are not guaranteed by Schroders or any company in the Schroders Group. The material contained in this document is not intended to provide, and should not be relied on for accounting, legal or tax advice. Schroders does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this document. To the maximum extent permitted by law, Schroders, every company in the Schroders
plc group, and their respective directors, officers, employees, consultants and agents exclude all liability (however arising) for any direct or indirect loss or damage that may be suffered by the recipient or any other person in connection with this document. Opinions, estimates and projections contained in this document reflect the opinions of the authors as at the date of this document and are subject to change without notice. “Forward-looking” information, such as forecasts or projections, are not guarantees of any future performance and there is no assurance that any forecast or projection will be realised. Past performance is not a reliable indicator of future performance. All references to securities, sectors, regions and/or countries are made for illustrative purposes only and are not to be construed as recommendations to buy, sell or hold. Telephone calls and other electronic communications with Schroders representatives may be recorded.__
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Atlassian is cutting 10% of its workforce as AI reshapes its business… and it tries to fight back against its plummeting share price.
Australia’s biggest super fund wants to borrow billions… which could be the biggest shake up in the super industry in over 30 years.
Better Beer, the low-carb brewer backed by The Inspired Unemployed, is raising up to $15 million to double down on the boom in low-strength beer.
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The Iconic has finally turned a profit after 15 years as it shifts away from growth at any costs…and focuses on the margins.
Mattress maker Koala is heading to the ASX in a $305 million IPO… but it’s a far cry from the valuation it once dreamed of.
Robinhood, the US trading platform, has launched a fund to give retail investors access to private companies …but the market isn’t exactly rushing in.
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ARN Media, the radio company behind KIIS and Gold FM, has seen its share price jump over 5% after the fallout of The Kyle and Jackie O show.
Audible, Amazon's audiobook giant, has launched a cheaper subscription plan for the first time as it faces a major threat from Spotify.
Australia's major airports are made over $400 million in profit from carparking alone in 2025.
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News Corp has declared itself an AI “input” powerhouse as it expects to hit record profits in 2026… thanks to a big OpenAI deal.
Lyka, the Aussie premium pet food company, has raised $67 million as it has grand plans for global expansion.
OpenAI, the creator of ChatGPT, has landed a record-breaking $110 billion funding round, which includes a cheeky $50 billion from the Zon.
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Commonwealth Bank has dobbed itself in after spotting $1 billion in home loans were backed by dodgy, AI-generated documents.
Woolworths’ AI assistant Olive has gone rogue… and shoppers aren’t loving the family drama.
Budget Direct lands in hot water as ASIC alleges “vanishing discounts” for 39,000 customers.
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Qantas half-year underlying profits hit nearly $1.5 billion as it plans to shake up its Frequent Flyer program to keep customers loyal
Chemist Warehouse’s parent Sigma has posted an 18.7% earnings jump… and clearly it hasn’t taken its foot off the pedal since going public
WiseTech Global plans to slash 2,000 jobs in an AI overhaul… and investors have cheered the move
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Southern Cross Media suffered a 17% drop in profit in its first result since merging with Seven West Media… but its CEO didn’t deliver the update.
Adore Beauty’s profit has faceplanted 70% after Black Friday blowout… but it’s betting on bricks and mortar to save its glow.
Donald Trump has promised to hike global tariffs to 15% across the board - after the US Supreme Court blocked his earlier tariffs.
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Aussie health-tech startup Eucalyptus has been snapped up for $1.6 billion by Hims & Hers, its US-equivalent… in one of the biggest health-tech exits for a while
Guzman y Gomez shares fall 10% after it warns investors to be patient with its US losses
eBay has dropped $1.2 billion USD to acquire sustainable fashion company Depop as a way into Gen Z hearts (and wallets)
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Wesfarmers posts a $1.6 billion profit jump as Bunnings and lithium carry the load… but Officeworks runs low on black ink.
Zip Co, the buy now pay later, saw its shares crash more than 33% yesterday in one of the biggest selloffs this reporting season.
Telstra has seen its profits jump 8% as it hikes prices on its mobile plans…and sees the financial benefits of its major staff cutting.
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Coles has been taken to court by the ACCC for ‘utterly misleading’ consumers on grocery prices.
SEEK is putting its stake in Employment Hero up for sale… ending an eight year startup partnership right after their courtroom drama.
Sushi Sushi has been snapped up by Japan’s Genki for $160 million, taking the humble Aussie hand roll global.
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Barbeques Galore has entered receivership, putting 500 jobs on the line as liquidity issues leave Australia’s biggest BBQ retailer fighting for survival.
Breville’s premium coffee boom has seen revenue pass $1.1 billion, even as US tariffs keep profits flat.
Kraft Heinz has scrapped its planned breakup and is betting $600 million that a turnaround tastes better than a split.
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ANZ’s profit jumps 6% to $1.94 billion after 3,500 job cuts under its new ANZ 2030 strategy.
Temple & Webster’s share price plummeted 30% but it’s promising to double down on discounts to chase Ikea and Harvey Norman.
Hasbro and Mattel have both warned of a slowdown in the toy market, but their share prices have moved in opposite directions
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Seek has written down its investment in Chinese jobs portal Zhaopin by $365 million after the company’s poor performance.
Stellantis, the owner of Jeep and Chrysler, saw its shares plummet 30% after its mega-investment in electric vehicles failed to pay off.
The private equity owners of The Man Shake are looking to offload the company after the weight loss market has been totally re-shaped by Ozempic and oc.
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The government is eyeing a major shake-up of the capital gains tax discount, and investors might be about to feel the pain.
Atlassian’s share price fell 5% despite a double-digit growth in revenue as investors get worried that AI will eat its entire business up…for breakfast!
KPMG is planning to outsource three quarters of its executive assistant positions to the Philippines.
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The RBA has hiked the cash rate by 0.25% after the latest inflation numbers keep growin and growin and growin.
Elon Musk’s SpaceX has acquired Elon Musk’s xAI as he looks to unify his AI and space ambitions.
Hollywood’s betting the house on sequels and superheroes… but even franchises might not save the box office in 2026.
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Nine Entertainment has ditched its radio and regional TV assets to bulk up on billboards with an $850 million acquisition
Australian music artists are struggling to get discovered on streaming platforms like Spotify…which is putting a heap of pressure on the whole industry
Paramount+ is flirting with its TikTok era as streamers race to win back young eyeballs
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Domain’s fight with REA just got more complicated after a US activist investor fires shots at Domain’s new owner, CoStar.
Meta has just generated record profits and it’s now investing $135 billion USD to as part of the AI race.
Tesla’s annual revenue has fallen for the first time ever, after Elon Musk shifts Tesla’s focus away from… cars.
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Kayo, the sports streaming platform, is jacking up their prices by 15% as its new owner looks to squeeze more value from live sport.
Bytedance has officially sold off its US-based TikTok business to a range of US investors and tech firms to stay alive in the country.
The price of gold and silver have both hit record-highs as investors ditch the US dollar for shiny metals.
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Australia’s biggest banks are quietly making billions off zero-interest accounts after Aussie customers pay the lazy tax.
Ryanair’s boss picked a public fight with Elon Musk… and turned it into cheaper flights and higher bookings.
One of the world’s most iconic department stores, Saks Fifth Avenue, has filed for bankruptcy after leaving hundreds of fashion brands owed millions of dollars.
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The organisation advising $1.9 trillion worth of super money has set the stage for 2026…and this is likely to have ripple effects across all ASX200 companies.
OpenAI is testing ads inside ChatGPT, as it looks for a clearer path to making serious money.
Porsche has suffered its worst sales drop since 2009 after its reliance on demand from China is tested.
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The company behind Bonds, Bras N Things and Sheridan is up for sale after its new global owner wants to clear the decks.
Wikipedia has announced a new enterprise partnerships with big tech companies to help train AI models.
Rio Tinto is in early talks to buy Glencore, a deal that could create the world’s biggest mining company and has investors feeling very divided
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Seven West Media and Southern Cross Media have announced plans to merge into a $415 million content machine.
Optus has been slapped with a $100 million fine for four years of unethical sales conduct
Telstra is planning another mass job cut of over 500 jobs as it pushes to hit its new 2030 strategy with AI
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Atlassian has announced plans to take on Google and Apple with a near-$1 billion acquisition of an AI-powered browse.
Nvidia is investing $5 billion USD into its long-time rival Intel that flips a decades-long rivalry into a collaboration.
OpenAI, the owner of ChatGPT wants to buy Google’s Chrome… if Google is forced by the courts to sell it
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ANZ is cutting 4,500 jobs and scaling back consultants in a $560 million restructure under its new CEO.
Macquarie has smashed the Big Four banks in July this year, snapping up nearly 40% of all Australian home loans written.
Airwallex has pulled off Australia’s second-largest VC raise ever with a $US330 million raise… but it’s not without its controversy.
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DAZN, the sports streaming platform and Foxtel’s new owner, has made a $936 million USD loss in 2024.
YouTube has smashed viewership records and ad revenue as it competes head on with old-school TV channels.
Paramount has crashed the Hollywood party with a $108 billion USD hostile bid for Warner Bros Discovery.
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Domain, the Aussie real estate site, will be sold to US real estate giant CoStar in a deal worth $2.8 billion deal after Domain’s majority shareholder gave the thumbs up.
Google has announced its largest acquisition in history - acquiring cybersecurity startup Wiz for $32 billion USD.
Meta’s share price has jumped 9% after its quarterly earnings smashed past investor expectations… but the spend-a-thon is continuing.
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Flux fam, we are back with another WTF recap episode!
Today, we’re looking at some of the biggest retail stories from 2025.
Retail is one of the lifebloods of the Australian economy. It employs millions of Aussies, fills our shopping centres and gives us a real-time read on how confident people are feeling with their money.
And 2025 gave us plenty to talk about.
Enjoy this episode!
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Australia’s world-first under 16 social media ban has officially kicked in and that means TikTok, Meta and Snap are plotting their next move
ASIC is on a fining-spree after hitting companies like Grill’d, Bob Jane and MJ Bale with fines for failing to lodge their financial accounts
ChatGPT has officially become the most downloaded free iPhone app for 2025 - meaning it has overtaken TikTok, Instagram and even Google
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The Reserve Bank of Australia has paused the cash rate at 3.60% in its final meeting of the year…after inflation reared its ugly ugly head once again.
Paramount has crashed the Hollywood party with a $108 billion USD hostile bid for Warner Bros Discovery.
Airwallex has pulled off Australia’s second-largest VC raise ever with a $US330 million raise… but it’s not without its controversy.
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The company behind Smiggle and Peter Alexander copped a 12% share price drop because school students aren’t digging its colourful stationery anymore.
Spotify has just delivered its biggest ever Wrapped launch, with more than 200 million users jumping in within 24 hours.
Lululemon’s founder is trolling the current CEO as he claims the company he started has lost its cool factor.
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H&M Australia is facing a $35 million bill for unpaid wages to Australian staff as it starts to quietly shut down its underperforming stores.
Australia’s top electric vehicles have all failed in real-world testing, with some models driving up to 30% less than their advertised battery range.
The Magnum Ice Cream Company is demerging from its parent company Unilever and will officially be known as the largest ice cream company in the world.
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Metcash has seen its shares fall more than 9% after illegal tobacco casues a $345 million knock in sales.
The owner of KFC Australia stores has upgraded its full-year profit guidance after Aussies get stuck into Zinger burgers.
Shopify saw its shares plummet 5% after its suffered major outages on Cyber Monday.
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El Jannah, the cult-favourite charcoal chicken chain, is set to be snapped up for almost $1 billion by US private equity giant General Atlantic.
Google is taking it up to Nvidia in the chip wars as it looks to sell its own proprietary chips to Meta and its share rose 4% on the news.
Harvey Norman has seen its sales jump 9% in the last quarter as its international growth pushes the business forward.
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Temple and Webster shares have crashed over 30% even though it saw strong revenue growth and record customer numbers.
Aware Super, one of Australia’s biggest super funds has spent nearly $50 million on marketing its industry super fund last year as the race for super dollars heats up.
SkinKandy, the Australian body piercing and jewellery business is prepping for a $400 million IPO… but it doesn’t have history on its side.
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Tiktok has bought the naming rights to rebrand a major Sydney venue as the ‘Tiktok Entertainment Centre’.
Two Aussie tech founders just sold their software monitoring startup for more than $5 billion.
The owner of the Daily Mail is dropping £500 million to buy The Daily Telegraph and bring it into its media empire.
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The Execs at Reece, the plumbing wizards, have copped a second strike on their pay after shareholders have lost their patience.
The owner of Ladbrokes and Neds in Australia is cutting jobs and winding back perks as it tries to stabilise its struggling Aussie business.
Monash IVF has reported weaker than expected performance after it feels the after-effects of its embryo transfer mix ups
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Qantas is taking the loyalty battle to Virgin Australia head-on… with a new membership program for Jetstar.
Nvidia keeps the AI boom alive as it outperforms the VERY lofty expectations of investor… and the whole market rises on the news.
Adobe has dropped almost $2 billion USD to buy Semrush so it can beef up its marketing and AI tools.
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Airtasker has raised more than $7.5 million from iHeartMedia as part of its plan to expand into the US and UK… but it’s share price got whacked on the news.
OpenAI has launched a brand new group chat feature for ChatGPT as it quietly tiptoes towards becoming… a social platform.
Breaking Rust has just hit #1 on the US country charts with their song “Walk my Walk”... but there’s a serious concern from the music industry.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Xero has seen its half-year profit jump 42% but its shares still fell 9% on the news... as investors worry about the its big US push.
Google has released a huge batch of new AI shopping tools that are planning to make your online browsing a whole lot easier.
VISA has launched a pilot program that allows businesses to payout stablecoins straight into digital wallets.
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Menulog has announced it will close its Australian operations after tough competition from global giants has crushed its local market share
ASX-listed DroneShield has seen its shares plummet by 30% after a major sell-down from its leadership team
Kim Kardashian’s shapewear brand Skims has just raised fresh capital at a $5 billion USD valuation
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CommBank reported first quarter profits of $2.6 billion with a particular shoutout to their growing home lending and household deposits
Australia's social media ban for children under 16 will officially come into effect from the 10th of December, which will be a massive blow for Instagram, Facebook, TikTok, Snapchat, YouTube and many more
UNIQLO has defied the competitive retail landscape in Australia and reported a 19.4% jump in sales in the 12 months ending in August.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Today on What the Flux: In Conversation, we’re excited to welcome Lee Hatton
Lee is Block’s Financial Operations Lead,. Block being the $45 billion USD global fintech giant. It’s the company behind Cash App, Square, music platform TIDAL and of course Afterpay,
She started her career in financial services roles across New Zealand, Australia, the UK, and the US before becoming CEO of UBank. From there, she led Suncorp’s Banking & Wealth arm, served on the Xero board, and joined Afterpay just before it became part of Block in 2022.
In this conversation, we explored a whole range of fascinating topics including:
- Bitcoin’s real-world impact and Block’s role in accessibility
- Building an open global financial ecosystem
- Lessons in leadership, resilience, and priorities
_
Want to learn more about Block? Check out their latest updates here
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Today on What the Flux: In Conversation, we’re excited to welcome Lee Hatton
Lee is Block’s Financial Operations Lead,. Block being the $45 billion USD global fintech giant. It’s the company behind Cash App, Square, music platform TIDAL and of course Afterpay,
She started her career in financial services roles across New Zealand, Australia, the UK, and the US before becoming CEO of UBank. From there, she led Suncorp’s Banking & Wealth arm, served on the Xero board, and joined Afterpay just before it became part of Block in 2022.
In this conversation, we explored a whole range of fascinating topics including:
- How growing up in small-town New Zealand shaped her drive to lead
- The bold career moves that built her global perspective
- What she’s learned leading in banking vs fintech
_
Want to learn more about Block? Check out their latest updates here
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Today, we have Angad Soin, the Managing Director for Australia & New Zealand and Global Chief Strategy Officer at Xero.
Xero is the cloud-based accounting software that started in New Zealand, listed in Australia and now had 4.4 million subscribers globally in over 180 countries.
Angad joined Xero back in 2021, he was elevated to lead Xero’s global strategy function in 2023 and late last year, he took on the added responsibility of leading Xero in Australia and New Zealand - Xero’s biggest region.
In this conversation, we explored a whole range of fascinating topics including:
- How success often comes from doing the things counter to the obvious
- To scale globally, Xero needed to do less in a few places really well
- How the “Rule of 40” has evolved into the “Rule of X” because the market rewards growth more than it rewards pure cash flow
_
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Today on What the Flux: In Conversation, we’re excited to welcome Chris Judd - a name that many of you will associate with greatness on the footy field, but whose also created a second act in investing.
Chris played 14 seasons in the AFL, first with West Coast and then Carlton. Over that time he became one of the game’s most decorated players. Captain of both clubs, two Brownlow Medals (2004, 2010) as well as leading West Coast to a premiership in 2006.
But what many might not fully know is how serious he’s become in the world of investing. Chris founded Cerutty Macro Fund, operating in a macro equity space.
In Part 2 of today’s conversation, we’re going to unpack why Chris believes the real bubble isn’t in AI or gold, the habits and mindset that keep him sharp and finding purpose in the work he was “built to do.”
_
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Today on What the Flux: In Conversation, we’re excited to welcome Chris Judd - a name that many of you will associate with greatness on the footy field, but whose also created a second act in investing.
Chris played 14 seasons in the AFL, first with West Coast and then Carlton. Over that time he became one of the game’s most decorated players. Captain of both clubs, two Brownlow Medals (2004, 2010) as well as leading West Coast to a premiership in 2006.
But what many might not fully know is how serious he’s become in the world of investing. Chris founded Cerutty Macro Fund, operating in a macro equity space.
In Part 1 of today’s conversation, we’re going to unpack how lessons from elite sport translate to markets, how he evaluates investments, the challenges he’s faced in moving from public figure to fund manager… and maybe even where he’s placing his bets now.
_
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
__
Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
See omnystudio.com/listener for privacy information.
Today, we are joined by Eliza Owen, head of Research at Cotality, formerly known as CoreLogic. And Eliza is the go-to guru when it comes to decoding housing trends, spotting shifts in the market and also helping us understand what all those charts and numbers actually mean for everyday Aussies.
For anyone unfamiliar with Cotality, it's the country's leading property, data and analytics company. They track every sale, every suburb, and every shift in the market.
So Eliza's here today to help us unpack the wild ride that's been 2025's housing market and also crystal ball with some predictions into 2026 as well.
_
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
__
Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
See omnystudio.com/listener for privacy information.
Today, we’re excited to be joined by Adam Schwab, co-founder and CEO of Luxury Escapes.
Adam has built one of Australia’s most successful travel brands from the ground up - taking a leap from a legal career, surviving some of the most difficult years in travel, and now leading a global business that connects millions to curated luxury getaways.
In our conversation today, we’ll go deep into how he’s thought about risk, culture, growth, and what luxury travel might look like 10 years from now
_
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
__
Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
See omnystudio.com/listener for privacy information.
Zip Co, the ASX-listed buy now pay later, has seen its total transaction volume jump 34% in the past quarter as its US business takes off.
Myer has revamped its Myer One loyalty program to bring younger shoppers back to its stores.
Football Australia has a plan that would allegedly make it the most expensive sport for gambling companies in Australia.
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CommSec, CommBank’s trading platform, has seen its profits jump 36% as Aussies try to get their hands into volatile stock markets.
Rex Airlines, aka Regional Express, has found a buyer in US aviation company after 15 months in administration.
Gucci’s parent company Kering has sold its beauty business to L’Oréal for €4 billion to cut debt and refocus on fashion.
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ASX-listed Mayne Pharma saw its shares spike 14% after a court ruled that its acquirer cannot terminate its $672 million acquisition offer
Ray-Ban maker EssilorLuxottica just hit record sales as smart glasses go from nerdy to need one now
Nestlé’s new CEO is cutting 16,000 jobs as it looks to trim costs while also speeding up growth
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YouTube and Instagram have announced new safety features for kids and teens ahead of Australia’s social media ban.
Macquarie Group has sold one of its data centre businesses for $61 billion in the largest global data centre buyout ever.
Elon Musk’s AI company xAI has launched two raunchy chatbots Ani and Valentine to drive more engagement on its AI chatbot.
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Treasury Wine Estates’ shares have hit a decade-low after struggling with weak sales and even more challenges in the US.
Pop Mart, the retailer responsible for the Labubu craze, has promised store expansion in Australia after the Labubu-love has boomed locally.
The newly-merged Paramount Skydance has made a $42 billion USD offer to acquire media behemoth Warner Bros Discovery… with the little help of a friend.
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CommBank has officially ditched old school servers, and have shifted their core banking system into Amazon Web Services data centres.
Netflix has announced new games within your TV…like Boggle and Pictionary…because apparently you weren’t watching enough already.
DAZN, the sports streaming platform and Foxtel’s new owner, has made a $936 million USD loss in 2024
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Guzman y Gomez has launched $100 million share buy back as its sales continue to pick up for the big burrito.
Costco and Aldi are chipping away at Australia’s major supermarkets with more than $17.5 billion in annual sales.
Salesforce, the global cloud-based software giant, has found itself caught in a major cybersecurity storm.
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Eagers Automotive, the ASX listed car retailer, has invested $1 billion into a Canadian car dealer as it plans for global and domestic expansion
The ASX is finally facing some real competition as Cboe Australia gets the green light to list companies
Paramount Skydance has made its first major acquisition since its own merger, acquiring The Free Press for $150 million USD
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Cash will remain alive in Australia after Australia’s biggest banks and retailers struck a deal to keep Armaguard delivering the goods.
General Pants has shut more than a dozen stores in the past year as it struggles to compete in the youth fashion market.
Peloton is pedalling hard into AI with a major product revamp, hoping to win back customers and shed its “just a bike” label.
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Seven West Media and Southern Cross Media have announced plans to merge into a $415 million content machine.
Donald Trump has slapped a 100% tariff on foreign-made films, throwing Hollywood.. and Australia’s movie industry… into chaos.
Amazon has copped a record-breaking $2.5 billion USD fine and refund bill for making Prime sign-ups too easy and cancellations too hard
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The RBA has held the cash rate at 3.60% after monthly inflation bounces back faster than expected.
Video-game giant Electronic Arts has agreed to sell out to Saudi Arabia’s sovereign wealth fund and two private equity firms for $55 billion USD.
Accenture has slashed 11,000 jobs globally over the past 3 months and puts a warning on its remaining staff: retrain in AI or risk being left behind.
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Optus has been slapped with a $100 million fine for 4 years of unethical sales conduct
Premier Investments has booked a juicy profit boost… but if you peel back the layers, the numbers are mainly due to its sale of Apparel Brands
Alibaba share price rocketed 8% higher after it promises to invest many-more billions on AI
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Kathmandu’s owner is trying to climb out of the red, but investors are pushing for some serious baggage drop.
Inflation jumps back up to 3%… and just like that, dreams of a rate cut next week may have just gone poof.
Lego is buying back its own fun houses in a £200m cash deal to gain more control over its customer experience.
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Important Information: This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13 006 165 975, AFSL 230 523 on 26th September 2026.
Comments made by BIMAL employees here represent BIMAL’s views only. This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances.
Refer to BIMAL’s Financial Services Guide at blackrock.com/au for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.
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Myer’s share price has fallen 25% after its poor earnings results shocked investors.
Facebook is trying to cure dating-swipe-fatigue with a new AI dating assistant.
Porsche has just issued its fourth profit warning this year as it puts its electric vehicle plans on ice.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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Atlassian has dropped a lazy $1 billion USD to acquire US startup DX…which makes it Atlassian’s biggest acquisition yet.
Nvidia is investing $5 billion USD into its long-time rival Intel that flips a decades-long rivalry into a collaboration.
Chocaholics may be finally catching a break as cocoa prices have started to fall after all-time highs in late 2024.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
See omnystudio.com/listener for privacy information.
Santos, the second biggest oil and gas producer in Australia, has seen its shares plummet 11% after a $36 billion takeover deal collapsed before their very eyes.
Meta has unveiled its new AI-powered Ray-Bans that can become your second eyes… but it wasn’t without a hitch.
Stubhub, the online ticket marketplace, plummeted 6% below its listing price on its debut day on the NYSE.
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ANZ has been hit with a record $240 million fine for widespread misconduct across multiple divisions.
Apple has launched its biggest iPhone design update in years with its iOS 26 update… but some Apple users are being left behind.
Kering, the owner of Gucci and Balenciaga, has asked for more time to acquire luxury fashion brand Valentino as its new CEO shifts its focus to cutting debt.
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Nine Entertainment saw its shares plunge 36% in a single day late last week… but don’t panic, there’s a reason.
The Good Guys has been slapped with $13.5 million fine for misleading customers with dodgy store credit promos.
Adobe shares have climbed after the software design giant has its customers spending big on AI-design.
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PsiQuantum, the Aussie quantum computing start-up, has raised $1 billion USD and boosted its valuation in the process.
Oracle shares had their best day since 1992 earlier this week, after 36% surge thanks to the growth in AI.
Klarna, the Swedish buy now pay later, has seen its shares rise 15% in their first day of trading on the New York Stock Exchange.
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ANZ is cutting 4,500 jobs and scaling back consultants in a $560 million restructure under its new CEO.
Coles and Woolworths are facing a billion-dollar bill after a court ruled on its staff underpayments.
Cashrewards, the Australian cashback platform, has announced plans to shut down after 11 years.
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Atlassian has announced plans to take on Google and Apple with a near-$1 billion acquisition of an AI-powered browse.
Macquarie has smashed the Big Four banks in July this year, snapping up nearly 40% of all Australian home loans written.
American Eagle’s controversial ad campaign with Sydney Sweeney has attracted criticism…but also seen a 25% share price increase.
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Rugby Australia has wiped its debt after the success of its British and Irish Lions Tour this year…and now it’s ready to run the ball upfield with a big investment.
Giant Aussie retailer Mecca has been flagged for investigation by ASIC over non-compliant reporting.
Electric vehicle maker BYD has seen its shares fall 5% after its profits had a little tumble for the first time in three years.
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The Reject Shop is planning to re-brand its stores into Dollarama stores as it pushes towards becoming a super-low priced retailer.
Rokt, the Aussie tech company, has been revalued by its major investors to over $7 billion as it ramps up towards a 2025 IPO.
Aldi’s vegetable suppliers are facing court action over alleged price fixing.
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Domino’s has just served up its first annual loss in 20 years after major discounting… but now they’ve warned… the discounting ends here!
ChatGPT’s OpenAI is opening its first Australian office – and the winner is… Sydney.
Aussie retailer Lovisa has seen a 14% jump in annual revenue as it prepares to steal market share from its major competitor.. Who is bankrupt.
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Woolworths has copped investor backlash as its profit falls 17%…and Coles keeps catching up.
Qantas has flown to a near-record profit thanks to the growing profitability of Jetstar and its loyalty program.
Lego has hit record sales and profit growth in first half of 2025 as parents vote social media addiction to be top 3 fears for their children.
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Coles has seen its shares jump 8% after a big push in its home-brand products.
The country's largest supplier of plumbing and bathroom supplies - Reece’s - has seen shares flushed 21% after its profits plunge.
The Labor government has brought forward an expansion of its 5% home deposit scheme by three months.
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Guzman y Gomez’s shares have tumbled 18% after its sales growth falls short of its big expectations.
Fonterra sells off its Mainland cheese and butter brands to the French dairy giant Lactalis in a $3.8 billion NZD deal.
Inghams shares have taken a roasting as its profits slumped due to a breakdown in its relationship with Woolworths.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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Universal Store has seen its sales jump nearly 16% thanks to its private brand strategy.
James Hardie has seen its share price plummet 27% after it missed earnings across pretty much every single metric.
Breville’s bet on coffee has brewed nicely in China and the Middle East as its revenue perks up nearly 11% over the past year.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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Qantas has copped a record $90 million fine for its illegal sackings of staff…and more than half of the money is going straight to the union.
CSL, the Aussie biotech, is cutting almost 3000 staff globally, as part of the biggest shake-up of the last decade.
Soho House, the members club, is going private again after battling in the public markets for the past 4 years.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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Temple & Webster is riding the home improvement boom after it experienced a 6x profit jump… and investors reclined into the good news
Ampol, the petrol retailer, has acquired EG Petrol for $1.1 billion to pump up its petrol station empire
Gildan Activewear has snapped up Hanesbrands, the owner of Bonds and Sheridan, for $2.2 billion USD
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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Telstra has seen its annual net profit jump 31% off the back of growth in its mobile services… and now it’s on a buyback rampage.
Westpac’s profit jumped 14% in the last quarter but mortgage brokers keep eating its lunch.
Perplexity, the AI search engine, has put in an offer to buy Google’s Chrome for more than $34 billion USD.
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The RBA has cut the cash rate by 0.25% to its lowest level in more than two years.
NBN Co has cut its losses to under $1 billion in the last financial year as it spends big on upgrades to keep up with competition.
JB Hi-Fi celebrated a 10% jump in sales as its CEO resigns with a big payout for investors.
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News Corp has seen a 14% jump in EBITDA for the full year, but parts of its Australian operations became the family embarrassment
McDonald’s has bounced back in the most recent quarter after going full Colonel Sanders in the chicken wars
Spotify has warned customers of a price rise for its premium subscription… and its share price jumped 8% on the news
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REA Group just announced juicy profit and a bigger dividend as a parting gift from its retiring CEO.
The ASX’s recent ‘human error’ has seen $400 million in value wiped from TPG Telecom shares.
Duolingo’s quarterly results have smashed investor expectations as more globetrotters look to learn a new language…and not quit
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A new challenger airline in Australia plans to be compete against Qantas and Virgin within 12 months… but doesn’t have a single plane (yet).
TPG Telecom is handing back $3 billion and simplifying its business model in a bid to win over new investors.
Reddit has seen its share price skyrocket over 30% in the past 5 days as investors get excited about its growth in new revenue.
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ResMed beats full‑year earnings and revenue forecasts thanks to a growth in snorers around the world.
Figma, the design software, has tripled its market value on its IPO debut in one of the biggest first day pops for a US software company ever.
Novo Nordisk, the company behind Ozempic, has seen market value slashed by over €60 billion after investors worry it’s losing the obesity drug race.
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Flight Centre has downgraded its profit guidance for the third time because of a slowdown in global travel.
Harley-Davidson has just sold a key part of engine that kept its business humming…after its sales fall year over year over year.
Meta’s share price has jumped 9% after its quarterly earnings smashed past investor expectations… but the spend-a-thon is continuing.
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Webjet will be fined $9 million by the ACCC after they admitted to misleading customers with false advertising.
Three major Aussie banks will refund nearly $60 million to vulnerable customers after ASIC found it was charging customers fees that they couldn’t afford.
Anthropic, the AI startup backed by Amazon, is now facing a class action lawsuit from authors who claim their work was used without permission.
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Bapcor, the company behind Autobarn, Burson and Midas, has issued a major profit warning, three directors have quit, and its share price has nosedive.
Paramount has finally merged with Skydance in an $8 billion USD deal after close to 2 years of negotiations.
LVMH has seen its share price fall more than 8% after investors get major tariff anxiety.
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Fortescue, the WA-based mining giant, has smashed its export records… but its hydrogen dreams have run out of gas.
YouTube has smashed viewership records and ad revenue as it competes head on with old-school TV channels.
Tesla has suffered its steepest drop in quarterly revenue in over a decade after it struggles with strong competition and less government-support.
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Seek, the digital jobs marketplace, is being taken to court by its former friend Employment Hero.
Qantas has admitted to using AI for its CEO email sent to customers that were affected by their data breach.
Donald Trump has signed the very first crypto bill in US history… and crypto valuations are going bonkers.
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Australia’s biggest bank is in hot water with the finance sector union for allegedly using “redundancy” as cover to send local jobs offshore.
Netflix just posted record quarterly revenue…but investors still sold off the stock because of its pricey content strategy.
Lovable, the startup helping people build apps without writing code, has cracked unicorn status just 8 months after launch.
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Emirates is planning to take on Qantas and Australia Post by launching its Courier Express service in Australia.
A stealth AI company, called Thinking Machines, has just raised $2 billion USD…before even launching a product.
Pop Mart’s profits are popping off thanks to an elf doll called Labubu.
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The RBA has recommended a ban on surcharges for debit and credit card payments in Australia in a plan to save shoppers $1.2 billion.
Kraft Heinz is weighing up a corporate break-up… only 10 years after Kraft and Heinz got together.
SpaceX is reportedly investing $2 billion USD into xAI… because when Elon borrows money, he borrows it from himself.
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Some of Australia’s most iconic magazine titles, like The Australian Women’s Weekly and Woman’s Day are being put up for sale… again.
Meta has invested 3 billion euros into the maker of RayBan as it plans to double-down on smart glasses.
Lululemon is suing Costco for allegedly copying its clothing designs — and it’s come with receipts.
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Telstra is planning another mass job cut of over 500 jobs as it pushes to hit its new 2030 strategy… with AI.
Donald Trump’s new threat of tariff on overseas pharmaceutical companies has put Australia’s pharma industry in the firing line.
MYOB, the accounting software company, is trying to take on the big banks in the business banking market.
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The Reserve Bank of Australia has thrown one of the great surprises of 2025 by pausing the cash rate at 3.85%.
Uber Australia’s advertising business has grown to over $150 million as it doubles down on ads as their latest revenue stream.
Aldi has launched a home delivery service in Australia for the first time to get a slice of the growing online grocery industry.
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Jetstar Asia is being shut down after 20 years of trying to break into the Asia market…and failing
Cochlear, the ASX-listed medical device company, has seen its shares take a hit but it’s hoping its bionic ear will save the day
Cettire, the online luxury fashion retailer, has seen its shares nosedive 30% after a slowdown in sales, profit and US luxury purchases
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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Afterpay and all other buy now pay later lenders just got slapped with the same laws as credit card lenders…and that means tighter lending criteria
Apple announces sleek new updates at WWDC 25… but kicks the Siri AI overhaul further down the road
Warner Bros. Discovery is splitting into two companies – one for streaming, one for old-school TV to reinvigorate investors
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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David Jones is in the red again but its private equity owners are going all-in with a $190 million debt boost.
Tesla saw $150 billion USD wiped off its value late last week after Elon Musk and Donald Trump bromance is officially over.
Hermès Australia is defying the cost-of-living crisis after record sales in Australia… and sending a a huge chunk back to Paris.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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Mecca has officially joined the billion-dollar club after clocking $1.2 billion in sales
Westpac’s home loan brand RAMS is in hot water after ASIC alleged it enabled years of dodgy home loan behaviour
Elon Musk’s artificial intelligence company xAI is launching a $300 million secondary share sale
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IDP Education has warned investors of a major earnings downgrade, which saw its share price tumble 48% in a single day.
Treasury Wine Estates, the Aussie winemaker behind Penfolds, has just suffered a major hiccup in its big, bad, bold US strategy.
McKinsey, the leading management consulting company, has cut its workforce by over 10%, as it lets AI tools like take the wheel.
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Virgin Australia offers $3000 worth of shares to staff as it prepares for takeoff… onto the ASX.
Glencore, the mining behemoth, has shifted over $30 billion of its assets into an Australian subsidiary… but there seems to be more than meets the eye.
The New York Times signs its first-ever AI deal after years of pushing back against AI companies - but it’s not with its arch-nemesis OpenAI.
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ASX-listed Web Travel Group which used to be part of Webjet is soaring after seeing its bookings pop… and its share price pop even more
Hailey Bieber has sold her viral beauty brand Rhode to Elf Beauty for $1 billion USD
Nvidia, the AI chip king, has forecasted a massive quarter of growth despite their slowdown in China
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Wisetech, the ASX-listed logistics beast, has announced a $2.1 billion acquisitions — its biggest yet… but a long mile.
Healthscope, Australia’s second-largest private hospital group has fallen into administration after it struggled to make repayments on its whopping debt.
Arnotts is riding a new wave of love for its Tim Tams with its plans to expand aggressively overseas.
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Myer has warned that its second half is off to a bit of a wonky start… and its $900 million acquisition ain’t delivering the goods
Kmart’s new boss wants to double its sales to $20 billion and she’s betting big on beauty, younger shoppers and Anko to get there
OpenAI just spent $6.5 billion USD on a startup with no product AND no revenue… but everyone’s excited
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Westpac’s new CEO is cutting 5% of its workforce to reduce costs after disappointing investors with first half year results.
Mayne Pharma shares tumbled 40% after its potential buyer has threatened to walk away its $672 million takeover bid.
Bitcoin hit an all-time high yesterday after breaking through the $110,000 USD barrier - and it’s now worth more than Amazon and Google.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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The RBA has cut the cash rate by 0.25% to 3.85%, but warns that Trump’s tantrums could still shake the Aussie economy
Monash IVF has warned of an ugly update to its profit guidance after an embryo mix up caused share prices to fall 34%
Netflix has signed a deal with Sesame Workshop to make Netflix the new streaming home of Sesame Street.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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Xero’s full-year profit has jumped 30% as it grows its user base…but uses a simple method to grow revenue - jack up its pricing.
Burberry, one of the world’s biggest luxury brands, is planning to cut one fifth of its global workforce after a £75 million loss.
Warner Bros Discovery is backtracking on ‘Max’ branding for its streaming service…with HBO back in the spotlight.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
See omnystudio.com/listener for privacy information.
CommBank has seen its cash profit jump to over $2.6 billion for the quarter as it pushes hard into business banking.
eToro, the stock broking platform, has popped more than 40% on its sharemarket debut after investors were scrambling to get a slice.
Airbnb now wants to book your personal trainer, spa day and celeb experience — not just your holiday home
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Woolworths plans to go through a major “reset” by cutting grocery prices to regain its declining market share.
Life360, the family tracking app, has seen its shares jump more than 13%... after its paid subscriptions skyrocketed.
Fox Corp is launching its own streaming service, called Fox One, but it doesn’t want to kill its pay-TV in the process.
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Domain, the Aussie real estate site, will be sold to US real estate giant CoStar in a deal worth $2.8 billion deal after Domain’s majority shareholder gave the thumbs up.
Disney has reported a magical quarterly earnings update as its parks and streaming divisions pull a rabbit out of the hat.
NewsCorp outperforms investor expectations as it relies more and more on its digital brands for growth.
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JB Hi-Fi has seen its sales growth slow but its tech-hungry shoppers are still helping it grow and grow
Tabcorp has seen its share price bounce 10% as it makes a big bet on live in-play sports betting
Google has seen its market value fall by more than $170 billion USD after its exclusivity as Safari’s search engine is under threat
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Westpac has seen a dip in its first half profits but its new CEO is ramping up... instead of squeezing costs.
Shell is considering a whopping takeover of its rival BP and this could become one of the biggest oil mergers ever.
Netflix made $1.3 billion in Australia last year and no surprises here - they sent 93% of it overseas.
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Atlassian has seen its market cap fall by more than $15 billion, despite seeing a boost in sales
McDonald’s has served up another drop in sales as low and middle-income diners have been squeezing every penny
Amazon has beaten its earnings expectations, but tariffs and trade drama were the unwanted guest crashing the investor update
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Coles is winning the supermarket war as its private label brands and online sales drive its revenue.
Pet Circle, one of Australia’s largest online pet stores, has seen its sales jump to nearly $400m… but it’s burning cash to get there.
Visa has announced it’s teaming up with OpenAI and Microsoft’s Copilot to let AI run your payments.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
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Flight Centre has cut its profit forecasts by more than $100 million as many people start to fear about US travel.
Aussies are feeling the pinch with their streaming subscriptions… but rather than cancel, they’re just downgrading to ads.
Facebook's Aussie revenue has jumped to $1.46 billion, butthe Australian Tax Office will likely see none of it!
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
See omnystudio.com/listener for privacy information.
Cettire, the luxury fashion marketplace has suffered its first loss in 3 years after it geot squeezed left, right and centre
Tesla has seen its profits plummet 71%... but its share price still jumped more than 5%
OpenAI, the owner of ChatGPT wants to buy Google’s Chrome… if Google is forced by the courts to sell it
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.
See omnystudio.com/listener for privacy information.
Shein, the fast-fashion retailer has seen its revenue jump to over $1.2 billion in Australia as it speeds past Accent Group.
A US Judge has found that Google illegally maintained a monopoly in online adtech— and the consequences could shake up the entire ad industry.
ARN Media is facing another scandal after it admits to using an AI-generated personality as one of its daytime radio hosts.
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Bunnings expands into auto parts as it looks to tap into the $1.5 billion car market… after stepping out of the car market over 2 decades ago.
Prada has made the big acquisition of its Italian luxury competitor Versace for $1.38 billion USD.
Apple has dodged the tariff-bullet as Donald Trump announces a tariff exemption on consumer electronic goods made in China.
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Virgin Australia has admitted to overcharging 61,000 customers… just as it prepares for an ASX comeback
Donald Trump has put a 90 day pause on his mega-tariffs and it’s largely because the bond market threw a tantrum
Canva has dropped one of its biggest product updates ever to compete head on with Microsoft’s Office Suite
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Storage King, the ASX listed self-storage operator, is fielding a multi-billion takeover offer because its majority owner isn’t happy with its progress.
Rugby Australia has locked in a new major broadcast deal with Nine — and if they pull off some wins, it could mean even more cash for the Wallabies.
Warren Buffett was hoarding cash in 2024 while everyone else was riding the bull market… but now he’s having the last laugh with the latest tariffs.
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Australia’s largest superfunds were hit in a co-ordinated cyberattack with thousands of accounts hacked into… and now the regulators want answers!
Star Entertainment lives to gamble another day after receiving $300 million in survival funds… but it will lose control of the company’s management in exchange
Donald Trump has extended TikTok’s deadline (again) for finding a new US owner as negotiations with major US investors heat up.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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The owner of KFC Stores in Australia, Collins Foods, has seen its shares drop nearly 3% as Trump’s tariff might result in more beef-eaters in Australia.
Nike has seen its share price plummet after Donald Trump’s new tariff on Vietnamese imports.
Apple has become one of the biggest losers of the global tariffs with its largest one-day valuation wipeout on record.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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The share price of Zip Co has fallen more than 6% after it lost a court case over its own name
Google has teamed up with Roblox to launch new video ads to give traditional marketers a new way to reach Gen Z
Estee Lauder faces a lawsuit from investors for allegedly hiding their reliance on ‘gray market’ sales in China
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The Reserve Bank of Australia has paused the cash rate at 4.10% because it doesn’t want to make any moves before Trump’s tariffs.
Woolworths slashed the price of its groceries last month to close the gap on Aldi and deflect attention from ASIC and the election campaign.
OpenAI has announced it closed the largest round of capital ever raised by a private tech company - pocketing a tasty $40 billion USD.
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Domain has received a "best and final" acquisition offer from digital property giant CoStar.. And now the decision is in the hands of its major shareholder
Elon Musk’s AI firm, xAI, has acquired his own social media platform X in a $33 billion USD deal
Virgin Australia is kicking off its IPO roadshow this week as it looks likely to list on the ASX in 2025
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The Reject Shop has seen its share price skyrocket 110% after an acquisition offer from Canadian retail giant Dollarama.
Jeanswest, the Australian clothing retailer, has entered administration with 90 stores to close and hundreds of jobs lost.
AustralianSuper has sold its entire stake in tech giant WiseTech Global after serious concerns over the founder and Board’s conduct.
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The Labor government dropped their 2025 budget last night…with some big investments and even bigger deficits… if they get re-elected
23andMe, the genetic testing company, has filed for bankruptcy in the US as it tries to sell its assets.. Including its highly confidential customer gene data
James Hardie, the ASX-listed global building materials company, has seen its share price plummet after its $14 billion acquisition of a rival
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The ACCC has warned that Coles and Woolworths will not be broken up… But they will face a whole lot more scrutiny.
Nike has seen its revenue fall by 9% in the last quarter and warned investors that there’s more pain to come.
Apple TV+ is reportedly losing over $1 billion a year even after cutting back on its content spending and winning big at awards shows.
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Myer has seen its profit tank by 40% in its most recent half as the new CEO focuses on resetting the business.
Google has announced its largest acquisition in history - acquiring cybersecurity startup Wiz for $32 billion USD.
KFC and Pizza Hut’s parent company, Yum Brands, is teaming up with tech giant, Nvidia, to implement AI ordering in drive-thru lanes.
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Warner Bros Discovery is launching its streaming platform Max in Australia this month and will use Nine Entertainment to sell the ads on its cheapest tier.
Bunnings is launching a new assisted-living range to tap into Australia’s ageing population and the NDIS.
Shares in retailer Guess have skyrocketed more than 30% after a plan to take the company private… But not everyone gets to cash out.
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Disney is making a big play for a new demographic of customers in Australia as it adds ESPN to Disney+.
The owner of Pokemon Go will sell its gaming division for $3.5 billion USD to video game developer Scopely.
Zara’s owner has seen its revenue jump to over $12 billion USD for the last quarter… but it’s warned of a very uncertain future because of tariffs and US demand.
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AustralianSuper has been sued by ASIC for knowingly delaying the payment of death benefit claims for over 5 years.
Spotify paid $10 billion USD to the music industry in 2024, which was the largest payout eveeeer.
Meta has begun testing its own AI chip as it tries to swoop in on Nvidia’s market.
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The worst of Cyclone Alfred is officially over and now its time for insurers like Suncorp to count the costs of the insurance claims.
Unilever, the consumer goods company behind Dove and Magnum, is completely shifting its marketing strategy to rebuild consumer trust.
Global share markets, including the ASX have taken a major hit after Donald Trump warns that the US may go into recession.
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Country Road Group has seen its earnings fall by more than 70% in the second half of 2025 after too many promotions and discounts
Prada Group just strutted past its competitors with full-year revenue jump of 17%...and now it’s taking a look at a juicy acquisition target
Gap has seen its share price pop more than 17% after it beat profit estimates… but tariffs are still a major concern
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Freedom Furniture is officially up for sale after its parent company looks to find a new owner after its big turnaround.
Donald Trump has announced plans to build a strategic reserve of five cryptocurrencies - and no surprises here - cryptocurrencies saw a $300 billion USD rally.
Anthropic, the AI competitor of ChatGPT, has raised a new round of capital that values the company at more than $61 billion USD.
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Amazon Australia has seen its revenue jump to $7.7 billion in the last financial year - up nearly 20% from the previous year.
Mars Inc, the snack and sweets giant, is planning to sell $25-$30 billion USD worth of bonds next week to finance its takeover of Kellanova.
Tesla is taking steps to launch a ride-sharing service that could compete directly with Uber, Lyft, and Waymo.
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Coles has announced a jump in earnings to over $1.1 billion for the past six months and beats expectations.
Star Entertainment Group is fighting a race against time to find new investors ASAP - or else - it may collapse.
Nvidia suffered a nearly $500 billion USD fall in its market value after reporting better-than-expected results?
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Woolworths has suffered a 20% decline in its first-half net profit after it struggled with strikes and empty shelves late last year.
Pointsbet, one of the largest bookmakers in Australia, has agreed to sell out to a Japan-based rival for $360 million… but it’s not without its controversy.
EY Australia has announced it will be cutting 100 jobs from its advisory division after a pullback in client spending.
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WiseTech has seen its shares plunge more than 24% after four independent board members stepped down this week.
Nike has announced a new collaboration with Kim Kardashian’s Skims brand after struggling with declining sales.
Bybit, the world’s second-largest cryptocurrency exchange, has allegedly been hacked for $1.5 billion, marking the largest cryptocurrency heist in history.
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Domain, the digital property marketplace, has seen its share price skyrocket 37% after it received a takeover bid by a US giant.
Guzman y Gomez, the biggest IPO listing of 2024, says its expecting to beat its prospectus forecasts this financial year…but its share price got whacked for one big reason.
Apple released the new iPhone 16e last week as it struggles to compete in the smartphone market against cheaper competitors.
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Telstra has dialled up a net profit of just over $1 billion for the last six months after seeing growth in its mobile biz… and saying goodbye to Foxtel.
Wesfarmers has seen its sales and earnings jump in the first half of the financial year thanks to its GOAT performers, Bunnings and Kmart.
Nikola, the electric trucking startup, has filed for bankruptcy in the US after struggling to raise money… or find a buyer.
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The Reserve Bank of Australia has cut the cash rate for the first time since 2020.
Bendigo & Adelaide Bank has seen its share price drop by more than 15% this week after it ran out of cheap money.
The New York Times has given the all-clear for its staff to use AI tools to write social copy and even editorial ideas.
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Temple & Webster has seen its share price fly to an all-time high after its revenue jumped 24% off the back of bathroom fixtures and couches.
Seven West Media has seen its worst-ever half year results as it tries to transition away from its free-to-air TV and newspapers.
Treasury Wine Estates, the wine giant, has taken its lower-priced wine brands off the sale/divestment market after failing to find a buyer.
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Chemist Warehouse officially launched on the ASX yesterday as its mega-merger with Sigma Healthcare went live.
The federal government says it will acquire Rex airlines if there isn’t a buyer for the airline by the end of June.
Reddit’s stock has taken a hit after its user growth missed expectations as it struggles to compete with Meta and Google.
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JB-Hi Fi has announced better-than-expected sales growth for the past six months but its share price still fell 5%.
Donald Trump has warned of a fresh set of tariffs - and this time, it could affect the Australian economy in a BIG way.
A group of investors, led by Elon Musk, has made a $97.4 billion USD offer to buy the non-profit organisation that controls ChatGPT.
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The Victorian government is going on a sport-spending-spree after landing a mutli-year deal to host NFL games in Melbourne as well as the NBA.
MCoBeauty, the Australian cosmetics and skincare company, has been sold in a deal that is understood to value the company at $1 billion.
Tinder is hoping to turnaround its declining user base by pushing AI into its product to help discover new matches.
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REA Group has seen its profits jump over 26% in the last 6 months and straight after this announcement, CEO has dropped the mic with some other big news.
Estee Lauder, the global cosmetics behemoth, will lay off nearly 11% of its workforce after its earnings did a full-180 in its second quarter.
Apple has just crashed Facebook’s party after releasing a new app called Invites that helps users create and send calendar events.
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Coles is planning to aggressively reduce the number of products on its shelves to drive higher profits.
Armaguard, the cash handling company, is in danger of collapsing once again - meaning coins and notes in Australia are under threat.
Donald Trump has sent the share market into a spin after announcing the rollout of tariffs on goods from the US’ top three trading partners.
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Lovisa, the jewellery chain, is facing a class action from its current and former employees after allegedly forcing staff to work for free outside rostered hours.
Bunnings has begun rolling out 300 large in-store LED screens throughout its hardware stores to build a retail media behemoth.
Microsoft has seen its profit jump by more than 10% from a year earlier - but not all is as good as meets the A-eye.
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Zip Co, the buy now pay later company, has seen its shares plummet more than 25% after its second quarter earnings fell short of investor expectations.
Tesla’s revenue and profit fell short of expectations after major discounting of its cars… but they’re planning to get even cheaper.
Meta will pay Donald Trump a $25 million settlement for shutting his accounts after the Jan. 6 riots.
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The AFL is renegotiating its major contract with bookmakers as it tries to take a bigger slice of the betting pie.
DeepSeek, a new Chinese AI model, has been released with rave reviews… And as a result, Nvidia’s stock price dropped by more than 17%.
ARN Media, the owner of KIIS and Gold radio stations may want to buy Nine Entertainment’s talkback radio stations… but there’s a major obstacle ahead.
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Rivers, the iconic clothing and footwear brand, will close all of its retail stores across Australia by mid-April after it failed to find a buyer.
CNN is laying off 6% of its workforce after it has continued to struggle with low-ratings against more digitally focused news outlets.
OpenAI, the creator of ChatGPT, has launched a brand new product called Operator that can perform tasks for you autonomously.
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Qantas has made major changes to its Frequent Flyer program… meaning you’ll need to use more points to book most international flights.
Netflix has cracked 300 million global subscribers for the very first time after the major release of Squid Game 2.
Donald Trump has announced “at least” $500 billion USD into a project called “Stargate” that will fund AI infrastructure in the US.
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Wesfarmers has announced it will be closing its e-commerce marketplace Catch after struggling with competition from Temu and Amazon
Donald Trump and his wife Melania both launched crypto coins just before his inauguration - which now forms the majority of their wealth
Sportsbet, the online gambling behemoth, is facing a class action after betters have lost millions of dollars on in-game bets
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Myer’s share price dropped by more than 18% last week after it warned of a major decline in its earnings for the first 5 months of FY25.
Rokt, the Australian e-commerce / the company, has seen its valuation jump to $5.6 billion after its latest capital raise - with its staff making millions!
Wendy’s, the US burger behemoth, is flipping its way back Australia with plans to open hundreds of new stores over the next decade.
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Qantas has agreed to pay $120 million in compensation to 1,800 former ground handlers who were illegally sacked
Australia’s big four banks have reduced their lending to fossil fuel companies by over 20% in two years after pressure from climate activists
Honda and Nissan have confirmed they are in talks for a mega-merger which could radically change the car market
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ASIC is suing HSBC, the global banking giant, after it alleged that HSBC Australia failed to protect its customers from long-running scams
Premier Investments, the owner of Peter Alexander and Smiggle, recently launched its retailers in the UK - but is struggling to hit the mark so far
TikTok has gone to the US Supreme Court to appeal its potential ban in the US, which is planned to take place on January 19th 2025
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AMP has become the first major superannuation fund to invest in cryptocurrency after investing $27 million into Bitcoin on behalf of its members
Adobe has seen its share price plummet after concerns that its AI tools aren’t being monetised as fast as expected
Foxtel is looking more and more likely to be sold soon as Execs from a British sports platform meet with the Foxtel team
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Meta and Google will be punished by the Australian Government if they choose not to agree to new content deals with media publishers.
Coffee prices have been driven to a record high after a dry spell in Brazil.. And it’s likely to spike up the price of your morning cuppa.
The parent company of women’s clothing brand Katies will shut down all of its stores, alongside 80 more from its other brands Millers, Rivers and Noni B.
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Woolworths has finally come to an agreement with its warehouse staff after a 17 day strike which left stores empty and cost them millions in sales.
China has opened an antitrust investigation into US chipmaker Nvidia, the world’s largest provider of AI processors.
The Reserve Bank of Australia has kept cash rates on hold for the 9th time in a row in their final meeting for 2024.
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ARN Media, the company behind radio stations KIIS FM and Gold, is cutting $20 million in costs as it tries to free up cash in a very tight radio market
The Iconic is suing fast-fashion retailer Shein for infringing on a trademarked name of its in-house label
Bitcoin has passed through the $100,000 USD barrier for the very first time and crypto fans are cheering its price to the moon
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CommBank has backed down from its plan to charge customers $3 to withdraw their own money after enormous backlash.
Salesforce has seen its value jump by more than $30 billion USD after it rolled out a brand new feature… “AI”.
SpaceX, Elon Musk’s space startup, is reportedly gearing up for a $350 billion USD valuation which would make it the world’s most valuable startup.
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Telstra will acquire Boost Mobile for just under $140 million as it looks to get its hands on 1 million new customers.
Nissan, the global car manufacturer, is on the brink of collapse with just 12 months to survive, unless it gets new sources of funding.
The largest operator of KFC stores in Australia has seen its net profit plummet over the past 6 months.
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The Australian government has approved new legislation that will force multinational companies, like Netflix, Apple and Micrsoft, to pay a minimum of 15% tax - finally.
Virgin Australia is one step closer to finalising its partnership with Qatar Airways after the ACCC gave it the all-clear to start selling flights.
Uber is under investigation in the US for making its subscription service, Uber One, too hard to cancel.
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Airtasker has raised more than $26 million to grow its brand in the US and UK… but it hasn’t raised cash.
Webjet is in the firing line after the ACCC alleges it has advertised flights… and the requested additional payments after the booking has been confirmed.
Donald Trump has threatened a huge trade war with Mexico, Canada and China after threatening them with whopping tariffs.
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Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
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Australian car dealers have been forced to sell luxury electric vehicles for a loss after Aussie consumers look for other options.
Amazon has doubled its investment in an AU company - investing another $4 billion in Anthropic – as it looks to join forces in the AI race.
Berkshire Hathaway has provided a pretty ominous update in its earnings - after it hoarded more than $325 billion USD in cash - not in investments.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Lovisa, the fast fashion jewellery chain, has seen its revenue growth slow down to less than half of investor expectations
HarperCollins has become the first major book publisher to allow an AI model to train off its books
Amcor, the Aussie packaging giant, has announced a mega-acquisition of Berry Group, which will create the largest consumer packaging business in the world
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
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—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Me&U, the QR code ordering start up, will lay off around 10% of its workforce – a year after merging with its arch-rival Mr Yum.
Nvidia’s share price dropped after releasing its quarterly results - but its CEO reckons that the AI gold rush is still going full steam ahead!
Jaguar, the British carmaker, has rolled out a brand new logo as part of its plans to transform into an electric-only brand.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
CSL, one of Australia's largest companies, has suffered a 4% drop in its share price after a new leader of the U.S. Health Department was announced.
BlueSky, the social media platform competing with X, has seen more than 2 million new users, after the US presidential election.
Google may be forced to sell off Google Chrome after the US Justice Department pushes for Google to be splt up.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Life360, ASX-listed tracking tech, plans to continue its subscription momentum by expanding its offering to include pets and elderly relatives
Cettire, the luxury goods marketplace, saw its shares drop more than 8% after struggling with a drop in demand for luxury goods
CommBank’s CEO says Apple is free-riding on investments made by Australian banks and needs more regulation
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Xero, the ASX-listed accounting software, has seen its share price jump to a record-high, despite slowing subscriptions.
Amazon has launched a new ultra-low cost platform called “Amazon Haul” to compete head-on against Shein and Temu.
Shopify has seen its share price spike more than 26% after its income more-than-doubled in the most recent quarter.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
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Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Rex Airlines is back in business after after receiving $80 million in funding from the federal government.
Aristocrat Leisure, the Australian pokies machine maker, has sold its mobile gaming business Plarium Global for up to $820 million USD as it pivots back to poker machines.
Aussie coffee-maker Vittoria has won a major court case against Moccona over the use of a glass jar.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Australians under the age of 16 will banned from using TikTok, Facebook and Instagram under new government legislation
Saudi Aramco, the world’s largest oil producer, has seen its third quarter profits plummet 15% after lower oil prices ate into its margins
Coopers Brewery, the Australian owned brewery, has seen its profit jump following a pretty unique alcoholic offering
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
The governor of the Reserve Bank, Michele Bullock, has said that Australia’s economy could face serious implications after Trump’s promise to increase tariffs.
The price of bitcoin has hit a new record, jumping more than 10% after Trump's election win.
Big Tech CEOs are now cozying up to Donald Trump after his win to become the next president of the US - ahead of some likely big change.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Westpac has announced an annual profit of $7 billion, which is actually a 3% drop from last year as mortgage competition ramps up.
Google has been fined 2 undecillion roubles, or $20 decillion USD by a Russian court after blocking Russian state media channels on YouTube.
Peloton, the connected-fitness company, has seen its shares speed up 22% after its first quarter results smashed expectations… thanks to a key pivot.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Woolworths has warned investors that its earnings for the 6 months to December are looking likely to be 5% below last year’s results.
Apple has seen its quarterly sales jump 5% after investors got their first peak on how its iPhone 16 sales are faring.
Meta’s shares dropped 4% after its quarterly update warned that AI investments were expected to ramp up.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Australia’s quarterly inflation is below 3% for the first time since 2021 but the Reserve Bank is still unlikely to make a rate cut next week.
Dropbox has announced it will lay off 20% of its workforce after it struggles through a “transitional period”.
Reddit’s share price has skyrocketed over 40% following its first-ever profitable quarter.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Myer is the new owner of Just Jeans, Jay Jays and Dotti clothing brands after agreeing to merge with parts of Premier Investment Group.
Zip Co has seen its share price jump more than 10% after announcing its focus on profitability pays off.
Volkswagen is looking to cut thousands of jobs as part of a major cost-cutting overhaul.
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Meta is planning to roll out new facial-recognition technology to stop celebrity impersonations that are scamming Aussies out of billions per year
McDonalds is in damage control after more than 75 people suffered from food poisoning from its burgers over the last week..and its share price dropped 7%
The owner of Coach and Kate Spade, named Tapestry, has been blocked from acquiring Capri, the owner of Michael Kors by US authorities
_
Head to helia.com.au/LMI to learn more.
Helia Insurance Disclaimer:
Information is of general information, and does not constitute legal, tax, credit or financial advice, and is not tailored to a home buyer’s specific circumstances. Home buyers should consider their own personal circumstances and seek advice from their professional advisers before making any decisions that may impact their financial position.
Lenders mortgage insurance (LMI) is insurance that protects the credit provider, not the home buyer, and cannot be provided to borrowers. Helia Insurance Pty Limited ABN 60 106 974 305 is the issuer of the LMI policy and holds an Australian Credit Licence Number 393269.
Helia credit activities are limited to credit activities engaged by it as an assignee in relation to providing lender's mortgage insurance (LMI) products or as a credit provider under the doctrine of subrogation in relation to providing LMI products. The information provided in this article does not refer to a credit contract with any particular credit provider.
_
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Canva has cracked over 200 million active users as it starts to prepare for a future public listing
Grill’d, the Aussie burger chain, is under scrutiny for finding a loophole to pay thousands of workers below minimum industry rates
Tesla’s shares jumped 12% after it reported its third-quarter earnings and announced plans to launch a ride-hailing service
_
Check out the Flux x Raiz Flux Academy this month
Download the Raiz App - Investing made easy
Read the PDS and TMD on the Raiz Invest website or App to understand the risks and decide if Raiz is suitable for you. AFSL 434776
Visit raizinvest.com.au to learn more and read the PDS and TMD to decide if its right for you. AFSL 434776.
Download the free app (App Store): http://bit.ly/FluxAppStore
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Aussie tech giant Wisetech has seen its shares drop more more than 22% over the past few days after its founder and CEO has been hit with major scandals.
Amazon, Google and Microsoft have all invested in nuclear power plants as part of their goals to reduce its carbon emissions.
Qantas could be forced to shell out hundreds of millions of dollars to 1700 illegally sacked workers.
_
Check out the Flux x Raiz Flux Academy this month
Download the Raiz App - Investing made easy
Read the PDS and TMD on the Raiz Invest website or App to understand the risks and decide if Raiz is suitable for you. AFSL 434776
Visit raizinvest.com.au to learn more and read the PDS and TMD to decide if its right for you. AFSL 434776.
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Foxtel has announced it will start is set to offer sports content and Sky News Australia on its streaming service Binge
Flight Centre has seen its share price drop more than 15% after it warned the market that airfare prices were deflating
PepsiCo has announced it will put more chips back into its Dorito bags after consumers were furious with its shrinkflation
Check out the Flux x Raiz Flux Academy this month
Download the Raiz App - Investing made easy
Read the PDS and TMD on the Raiz Invest website or App to understand the risks and decide if Raiz is suitable for you. AFSL 434776
Visit raizinvest.com.au to learn more and read the PDS and TMD to decide if its right for you. AFSL 434776.
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
CommBank has been whacked with a $7.5 million fine for sending more than 170 million emails to customers that did not include the option to unsubscribe.
Boeing, the aeroplane manufacturer, is looking to raise $25 billion USD to stabilise its finances after a staff strike and issues with its operations.
AustralianSuper, Australia’s biggest super fund, is making a $2.2b bet on US data centres and AI.
Check out the Flux x Raiz Flux Academy this month
Download the Raiz App - Investing made easy
Read the PDS and TMD on the Raiz Invest website or App to understand the risks and decide if Raiz is suitable for you. AFSL 434776
Visit raizinvest.com.au to learn more and read the PDS and TMD to decide if its right for you. AFSL 434776.
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Virgin Australia has seen its earnings jump by 18% after it recorded its second profit in a row.
IKEA has dropped prices globally to attract more shoppers after its first revenue drop in 4 years.
Adobe has joined the AI race after launching an AI video generator that will see it compete with the tech giants.
—
Check out the Flux x Raiz Flux Academy this month
Download the Raiz App - Investing made easy
Download the free app (App Store): http://bit.ly/FluxAppStore
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Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Chemist Warehouse is taking on Visa and Mastercard by rolling out a new way to pay for your products - QR codes.
Tesla has unveiled a new self-driving car prototype called the “Cybercab” with plans to go into production by 2026.
The New York Times is teaming up with Yahoo Sports to launch a new hub for women's sports coverage.
—
Check out the Flux x Raiz Flux Academy this month
Download the Raiz App - Investing made easy
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
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Flux on TikTok: https://www.tiktok.com/@flux.finance
—-
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Rio Tinto has swum against the lithium-tide by acquiring Arcadium Lithium for $9.9 billion.
Stan, the streaming service owned by Nine Entertainment, is considering bringing advertising onto its platform to boost revenue.
Guzman y Gomez, the now-ASX-listed Mexican food chain, announced quarterly sales growth above its already ambitious expectations.
—
Check out the Flux x Raiz Flux Academy this month
Download the Raiz App - Investing made easy
Download the free app (App Store): http://bit.ly/FluxAppStore
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Wesfarmers is expected to generate around $6 billion in revenue this year via its health division because Aussies are getting… sicker.
Google will be required to open up its app store to rivals so that its users can have more choice when downloading and using apps.
The creator of popular video game Assassin’s Creed, Ubisoft Entertainment, is considering going private after it lost close to half its market value this year.
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Virgin Australia announced last week that Qatar Airways officially plans to buy a 25pc stake in the Aussie airline but there’s still one little, big hold up.
LVMH has signed a monster 10-year sponsorship deal with Formula One to put their brands all over the racing circuit.
Youtube is bringing big changes to Youtube Shorts to try and compete with TikTok.
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SPC, the Aussie canned fruit and vegetable producer, has finalised a three-way merger with Original Juice Company and Nature One Dairy - creating a $400 million company.
Character.ai, one of the leaders in AI, is ditching its plans to make AI models itself after its founders were poached by Google in a $2.7 billion USD deal.
Origin Energy has seen its share price drop after it revealed it would abandon its plans to develop hydrogen energy.
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Chemist Warehouse has seen its profit jump almost 80% as it gets closer to finalising its merger with Sigma Healthcare.
Australia’s airline industry has a new player in town, and its name is Koala Airlines.
OpenAI, the creator of ChatGPT, has seen a number of execs quit after it announces plans to become a fully for-profit business.
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The share price of Australia’s biggest mining companies jumped more than 13% last week after a major stimulus announcement from China
VIsa is being sued by the US Justice Department for allegedly monopolising the debit card market illegally
Chocolate may become a whooooole lot more expensive in 2025 as the price of cocoa have jumped rapidly this year
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Warner Bros Discovery has confirmed plans to launch its Max streaming platform in Australia in the first half of 2025.
Google Australia is about to roll out the most significant change to its Search engine in over a decade…because it’s welcoming AI.
Meta has debuted augmented reality glasses called Orion, with holographic displays.
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Woolworths and Coles are in hot water after the ACCC filed a court case alleging that the supermarkets have misled consumers over products on sale.
The Reserve Bank of Australia has sat for the sixth time this year… and paused the cash rate for the sixth time.. At 4.35%.
Intel has received a $5 billion USD investment offer from Apollo Global Management just after a potential takeover offer from rival Qualcomm.
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Myer’s shares have dropped over 10% after it suffered a fall in its annual sales, but it's doubling down on its private labels like sass & bide, Marcs and David Lawrence.
Airbnb has seen a significant shift in its accommodation demands so now it has a brand new focus for growth - long-term stays
Nike has seen its share price pop more than 7% after announcing a new CEO… after slowing sales growth
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A new KPMG report shows that Australian CEOs are keen to pull the plug on work from home and bring staff back into the office 5 days a week.
Harvey Norman has been hit with a class action over allegedly selling worthless extended warranties to customers.
Instagram is introducing “teen accounts”, with restrictions in place, hoping of making the platform safer for young people.
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CommBank is exploring the possibility of replacing thousands of local call centre staff with an AI-customer service centre.
Microsoft has announced a $60 billion share buy back as well as a 10% increase to its quarterly dividend.
Tupperware Brands, the brand behind the kitchen staples, is preparing to file for bankruptcy this week after it struggled to manage more than $700 million USD in debt.
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The Australian government wants to fine social media platforms up to 5% of their global revenue if they don’t stop the spread of misinformation
Microsoft is cutting 650 jobs at its Xbox gaming division after its making its biggest acquisition to date -the $69 billion USD purchase of Activision Blizzard
Temu’s parent company, Pinduoduo, saw its share price drop more than 3% on Friday after the US proposed new tariffs on their products
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REA Group, the owner of Realestate.com.au, has had its first offer to acquire UK’s Rightmove rejected - but it may come back for more.
HESTA, the super fund, is putting pressure on Australia’s largest companies to adopt gender targets across their entire organisation.
Google is facing its second antitrust trial against the US Department of Justice in just 2 months - for allegedly monopolising the digital advertising industry.
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SafetyCulture, the workplace safety tech company, has raised $165 million, but its valuation took a little bit of a haircut in the process.
Apple’s share price has fallen more than 1% after its annual product launch didn’t quite excite investors as much as expected.
Wise has been granted the Australian financial services licence by ASIC and it’ll be offering new investment products to its customers later this year.
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Star Entertainment, the major casino operator, has put its shares in a trading halt as it looks for ways to survive.
Ticketmaster’s owner, LiveNation, is under investigation after being criticised for inflating the price of concert tickets in the UK…and this issue could soon come to Australia too.
Burberry is set to be dropped from London’s FTSE 100 index after 15 years, as its share price plummets to its lowest price since 2010.
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Coles is cutting two of its liquor chain brands and will fold them under the Liquorland banner to grow sales.
Country Road Group has reported a 66% drop in annual profit as it struggles to find its footing after breaking away from David Jones.
Canva has jacked up the prices on some its offerings by up to 300% as it plans to for a potential listing in 2026.
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REA Group has announced that it’s considering acquiring Rightmove, the United Kingdom’s largest property platform.
Abercrombie and Fitch, the 90’s teen retailer, has seen its quarterly sales jump to over $1 billion USD after doing a major revamp to its brand.
Airtrunk, the Australian data centre group, has been sold for over $23 billion after a 12 month auction that was heated.
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Adore Beauty has seen its sales jump more than 7% but now it’s making a slightly unconventional move into the physical world.
Apple and Nvidia are in talks to invest in OpenAI as part of its latest capital raise, which would value OpenAI at $100 billion USD.
Cettire’s shares dropped 20% last week after it announced that its annual earnings would be 20% lower than the previous year.
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Wesfarmers has seen its annual sales jump to more than $44 billion and it’s putting a heap of praise on one particular business.
Qantas has reported a 16% drop in its annual profit in its first annual update since new CEO Vanessa Hudson stepped in.
Nvidia, the AI chipmaker, exceeded its quarterly guidance on all the key metrics… but its share price dropped more than 7%.
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Coles has seen its profit jump to over $1.1 billion…copping applause from shareholders and flak from customers and government.
Bunnings, Officeworks and Priceline are all looking to build a new revenue stream…and it’s not physical products…OR SNAGS.
Guzman y Gomez has smashed profit forecasts in its first earnings update since its IPO.
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Uber Australia has pulled the pin on its carshare business after an 8-figure Australian acquisition in 2022.
Beyonce is launching a new whiskey line in collaboration with Moet Hennessy as another celeb jumps on the alcohol bandwagon.
SiriusXM Holdings has signed a $100 million USD for Alex Cooper’s Call Her Daddy podcast and her network of shows.
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Medibank Private has seen its share price fall after missing its big fat target for member growth.
The owner of the 7-Eleven chain globally has been approached in a $40 billion USD takeover from a Canadian convenience store retailer.
Breville, the home appliances company has has brewed up record high sales, and its got its coffee machines to thank for it.
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CommBank has warned that keeping cash at its bank branches is costing it more than $350 million a year.
X, formerly known as Twitter, has seen its ad revenue drop by more than 24% in the first half of this year, as advertisers stay away from it.
General Motors is cutting 1,000 software employees globally to streamline its initiatives and explore AI.
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NAB has announced a $1.75 billion cash profit for the past three months, but it’s facing a pesky problem from its customers.
Origin Energy has announced a record annual profit… but its shares had a bit of a blackout, with a 10% dip after some red flags for the upcoming year.
Paramount Global’s shares have jumped 7% as a surprise new entrant prepares a counteroffer for the media giant.
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CommBank has announced a whopping $9.8 billion cash profit for the past 12 months after growing its customer base even further.
Telstra has seen its annual net profit take a double-digit drop after its mobile price rises weren’t enough to offset some major expenses.
Universal Music Group and Meta are expanding their music-licensing deal, which will make Universal’s songs available on all of Meta’s platforms.
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JB Hi Fi has seen its full-year profits fall over 16% and investors piled on… in a good way.. Sending its shares up more than 10%.
Temple & Webster nearly hit $500m in annual sales and its share price skyrocketed 26%.
Seek’s shares dropped over 7% after it announced that earnings for the 2024 financial year fell by 13%.
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News Corp, the publishing behemoth, has officially put up Foxtel and its streaming services up for sale!
The parent company of clothing brands Millers, Katies and Noni B saw its shares drop more than 40% last week as it struggles to stay afloat.
Life360’s share price has hit an all-time high as it crosses 70 million users.
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Nine Entertainment is expected to wrap up its $220m, two-year share buyback - after a whack in profits and business performance.
Airbnb has had its largest share price drop since going public in 2020.
Warner Brothers Discovery has written down the value of its TV assets by $9.1 billion USD, leading to a $10 billion USD net loss for the quarter.
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Treasury Wine Estates, the owner of Penfolds, will sell off some of its cheaper wine brands after budget drinkers tighten their purse strings.
A US court has found that Google spent billions of dollars to illegally monopolise the online search market.
Mars Incorporated is considering a takeover of Kellanova, the makers of Pringles and Coco Pops.
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Atlassian saw its share price plummet after it warned that revenue is expected to slow down over the next year.
Apple is back on the winners list after it saw growth in its revenue over the past 3 months… but not all is rosy in Apple-land.
Intel is cutting 15,000 jobs and suspending its dividend as its stock fell 20% in one day last week.
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An Aussie vodka maker, Billson’s Brewery, that makes a popular ready-to-drink vodka, has gone into voluntary administration.
Microsoft saw its shares drop 7% in its worst day since October 2022 after its AI revenue juuuuuust missed its forecast.
Procter & Gamble suffered its slowest sales growth in six years as consumers start cutting back on brand-name products.
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Canva has announced that it will acquire AI startup Leonardo.Ai in a big deal for Australia’s start-up ecosystem.
Rex Airlines shares are in a trading halt as it tries to find a way to stay out of administration.
McDonald’s sales have fallen for the first time in 13 quarters after Maccas’ Big Macs are pricing people out of the fast-food market.
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Aldi Australia has announced that it’s abandoning its plan to offer online shopping because it’s doing fine without it.
ChatGPT’s creator, OpenAI, is officially coming after Google Search after launching its new search feature “SearchGPT”.
Hermes, the luxury clothing brand, has bucked the trend of other luxury brands by reporting a 13% rise in second quarter sales.
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Deloitte Australia has seen its revenue drop by more than $70 million in the last financial year after its consulting division was hit haaard by a slowdown in spending.
Tesla has seen its share price drop 12% after it saw an enormous quarterly drop in profit thanks to more and more electric vehicle competition.
Country Road Group is expected to restructure its business and re-shape its team after a tough couple of years in the retail space.
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The merger between Mighty Craft beverages and The Inspired Unemployed’s Better Beer has fizzled out after Mighty Craft fell into administration.
Mattel, the toymaker behind Barbie and Hot Wheels, has seen its share price skyrocket 20% after reports that a private equity firm is looking to acquire it.
Dolce&Gabbana is flirting with the idea of bringing in outside shareholders for the very first time either through a listing ..or other ways.
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Fortescue Metals Group, one of Australia’s largest companies, has cut 700 jobs across its global workforce after its green ambitions haven’t quite met investor expectations.
Microsoft has announced a new AI-powered designer app late last week, to help newbies with their basic design skills.
The maker of Ray Ban sunnies, EssilorLuxotica, has acquired the Supreme fashion brand for $1.5 billion USD.
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An Australian viral beauty brand Coco & Eve has raised $100 million from a US private equity business, which will now take a majority stake in the business.
Google is looking to make its biggest acquisition ever after it announced late-stage talks to acquire a cybersecurity company for $23 billion USD.
Nvidia and other AI chipmakers have seen their share prices plummet after Donald Trump’s latest comments on the chip industry in Taiwan.
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A construction tech company in Australia called Hammertech has raised $105 million as it looks to expand into the US and Europe.
One of the major investors in Stripe, Sequoia Capital, is offering to buy shares from its earliest investors at a $70 billion USD valuation.
Budget mobile brands have seen double digit growth in subscribers after the latest price increases from telco giants Telstra and Optus.
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Crown Resorts has sold its 20% stake in the Nobu restaurant chain and this sale values the chain at $1.3 billion.
Shein is investing $270 million USD into fund to support sustainable fashion, as it looks to put its best foot forward ahead of a potential IPO in London.
BHP has announced plans to let go thousands of employees after facing intense nickel competition in Indonesia.
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Aussie retailer, The Good Guys, has been alleged to have failed to provide store credits to thousands of eligible consumers…and now the ACCC wants to have their way with them!
Spotify has launched a number of new features that steer it closer and closer to a full-blown social networking experience.
Samsung has announced brand new tech devices at its Galaxy Unlocked conference - and this year’s sexiest products are all around health-tracking.
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Telstra will be jacking up the prices of its mobile phone plans by more than the inflation rate as part of its plans to grow faster.
Saks Fifth Avenue's parent company has acquired luxury retail Neiman Marcus for $2.65 billion USD… and Amazon and Salesforce are taking a slice too.
Paramount Global, one of Hollywood’s oldest studios and Skydance Media have agreed to a merger.
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Amazon, Netflix and Kayo could now outbid free-to-air networks for Australia’s biggest sporting events after a new law was passed late last week.
Airtasker has announced a $5 million deal with ARN Media, swapping equity for marketing support.
Meta has announced its Threads app has hit 175 million monthly active users after celebrating its 1 year anniversary.
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Booktopia has gone into voluntary administration after it struggled to cope with its financial struggles.
Domino’s Pizza is expecting its 2024 profit estimates to be seriously hut - thanks to the inflation of one of its most valuable ingredients - cheese.
Tesla’s investors shot up its shares by 10% after its sales fell by less than expected last quarter - and it pulled an energy rabbit out of the hat.
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TPG is setting up a new battlefield against Telstra after partnership with Foxtel’s new streaming aggregation platform Hubbl.
YouTube has rolled out a new policy that will allow people to request the takedown of AI-generated content that simulates their face or voice.
Nike’s share price has dropped close to 20% after it announced that it expects quarterly sales to drop 10%.
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ANZ has been given the green light to take over Suncorp’s banking arm for $4.9 billion after nearly two years of battling and appealing - but now there’s a catch.
Nine Entertainment, the owner of Channel 9 and major Australian newspapers will make up to 200 jobs redundant after struggling with weak advertising.
Fujifilm is struggling to keep up with demand for its cameras as TikTok has made retro cameras trendy again.
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Qatar Airways is looking to acquire a 20% stake in Virgin Airlines, which acould really shake up the aviation industry.
TikTok’s owner has quietly released a new social app called Whee as a competitor to Instagram where you can take photos with filters and messages.
The chairwoman of Tesla and the owner of the NBL are the new majority owners of the Australian women’s basketball league.
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Cettire, the luxury fashion retailer’s share price plummeted by 50% after it announced a 20% drop in its earnings forecast.
Myer has announced new plans to acquire other retail brands like Just Jeans and Jay Jay’s from Premier Investments - and investors like what they hear.
Prezee, the Australia gift card company, has reported a $79 million loss over the past 18 months after it loses a major partnership with Amazon.
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Penfolds is planning to re-enter the Chinese market with a bang after the monster tariffs have been removed from winemakers.
Revolut, the UK-based neobank, is looking to sell $500 million of shares as it prepares for one of the biggest IPOs of the year.
Kathmandu’s owner, KMD Brands, has seen half-year sales drop 8.4% and its winter sales are going to be worse-than-expected.
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Guzman y Gomez publicly listed yesterday in the ASX’s biggest float in over three years.
Netflix is ramping up its physical world presence with two new Netflix Houses that lets shoppers feel like they're inside the world of their favourite shows.
City Chic has warned that it’s expecting to see its sales fall by 30% this year and is desperate for some emergency cash from investors.
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Telstra has scrapped its commitment to a carbon offset scheme created by the government as well as its plans to become “carbon neutral”.
Mars Wrigley, the snack behemoth, is spending millions of dollars to try and restore its chewing gum brands to their former glory.
Stake.com, the online casino, is desperate to lure in tech talent from Australia’s biggest companies so it’s throwing huge dollars at them.
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AGL Energy has invested $150 million into a new energy-tech platform to compete with Origin Energy.
BeReal, the biggest social media app of 2022, has been sold for €500 million, after struggling to turn its initial hype into sustained growth.
Jake Paul, the YouTube influencer and part-time boxer is launching a new personal skincare line for men.
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Chemist Warehouse’s IPO listing has hit a roadblock after the ACCC has warned that its merger would “substantially lessen competition”.
Apple is introducing buy now, pay later-style loans to Australian customers through a new partnership with ANZ.
Qantas has wholly acquired online travel business TripADeal in a $211 million deal with the hopes to ramp up its loyalty points offering.
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Apple has announced a partnership with ChatGPT’s creator to bring generative AI tools to iPhones - as part of their new age of AI… or ‘Apple Intelligence’.
Toyota’s reputation just took a $15 billion USD hit after it was found to have falsified car safety tests.
The company behind car parts retailers Autobarn and Burson have received a takeover bid of more than $1.8 billion from a private equity giant.
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Virtual Gaming worlds, the Australian social gaming giant, has delivered a massive $360 million dividend to investors in its third payout for the financial year
Robinhood, the stock trading app has announced a $200 million USD acquisition of cryptocurrency exchanges, Bitstamp
Lululemon saw a big jump in its share price after it raised its profit forecast and announced $1 billion US dollars more in share buybacks
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SPC is cutting back its canned fruit production as cost-of-living sees consumers opting for cheaper options.
The owner of Champion, the sportswear brand, will sell the Champion business for nearly $1.8 billion USD to narrow its focus on “innerwear”.
Zoom wants to create a ‘digital twin’ to attend meetings for you so you can go to the beach instead of being at work.
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Life360, the kids tracking software, has launched its Nasdaq IPO, which means it will now be dual-listed on the ASX and Nasdaq.
Meta is testing a new feature on Instagram which will force users to watch ads on videos that you can’t scroll past - like YouTube.
Booktopia is cutting 50 staff members and losing its short-lived CEO as the company struggles to stay afloat.
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Guzman y Gomez, the Mexican fast food chain, has announced plans to list on the ASX in June at a multi-billion dollar valuation.
The owner of Country Road Group has warned that it expects its earnings to be more than 20% lower in comparison to last year.
Salesforce has seen its shares tumble more than 20% in its worst day of trading since 2004 after weak results.
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Catapult Sport, the ASX-listed sports tech company, has hit $100 million USD in revenue for the first time after doubling down on growing its subscription services.
Sony Music is in talks to buy Queen’s music catalogue for over $1 billion USD and this would be the largest music catalogue purchase of all time.
BHP has abandoned its $74 billion takeover bid for British mining company, Anglo American after six-weeks of hectic negotiating.
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Cettire, the Australian luxury goods marketplace, has seen its share price jump more than 10% after it denied allegations that it has fake products on its platform.
PetStock, the pet food retailer backed by Woolworths has been forced to sell over 40 of its stores - and has created a new major competitor in the process.
TPG has come out and said that tech giants like Google and Meta should be made to pay for telecom infrastructure
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NewsCorp has signed a deal with Open AI that will help train its ChatGPT’s engine on the back of major publications.
The owner of Ticketmaster has been sued by the US Justice Department for creating a monopoly in the live events industry and “suffocating competition”.
Dion Lee, the Australian luxury fashion brand, has gone into voluntary administration…and it now joins growing list of Aussie fashion brands with this non-desirable status.
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Xero, the accounting software platform, has seen its revenue spike more than 22% but AI is not going to revolutionise the business.
Webjet, the online travel bookings company, has announced a record net profit after tax - and now it’s thinking about breaking up with itself.
Nvidia’s released its first quarter results, with an astronomical jump in profit of over 600%.
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Telstra will cut over 9% of its workforce, or 2.800 jobs, by the end of 2024 in order to stay competitive in the market.
Casino giant, Star Entertainment has revealed that it’s received interest from potential buyers, but Hard Rock Cafe definitely isn’t one of them.
Microsoft has released a new line of laptops, using AI chips to run the software.. And taken a few shots at Apple during the announcement.
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Pizza Hut Australia has been fined $2.5 million for spamming customers with 10 million pizza-licious messages without their consent.
Sony Music has sent a warning shot to AI companies, accusing them of stealing its artists’ content without permission.
Warren Buffet’s Berkshire Hathaway has finally revealed the mystery business that he’s put $6.7 billion USD into…and it’s share price jumped 8% on the news.
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The owner of Mainland Cheese and distributor of Bega Cheese is planning to sell the brands in Australia because it wants to get out of the consumer-facing market.
Netflix has announced it is going to build its own advertising tech platform to compete against the big players like Google, Meta and Amazon.
Nike is cutting jobs at its subsidiary company, Converse as part of its cost-cutting plan.
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The Albanese government dropped this year's federal budget with a $9 billion surplus, and this year, it’s all about cost–of-living.
OpenAI has released the most advanced version yet of its chatbot, ChatGPT, that can see, hear and talk like a real person.
Crocs’ has stomped on their quarterly growth expectations after selling 32 million ugly-shoes in just 3 months.
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REA Group, the owner of Realestate.com.au, has seen a 24% jump in revenue for the first quarter, after a large rise in residential listings in Sydney and Melbourne.
Baby Bunting, Australia’s largest baby retail chain, has seen its shares drop more than 22% after concerns around cost-of-living pressures for their customers.
Airbnb’s shares dropped 8% last week after it warned investors about its second quarter performance… and its new focus on experiences.
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Origin Energy has made hundreds of millions of dollars…on paper.. After its investment in a UK energy supplier has skyrocketed.
TikTok has launched a new lawsuit to challenge the US government’s decision to ban TikTok in the US.
Disney’s share price has dropped to its lowest in over a year despite delivering a profit in its core streaming business.
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Envato, the Australian tech company, has been sold for over $370 million, in one of the largest tech exits in Australian history.
Novo Nordisk, the pharmaceutical company behind diabetes slash weight loss drug Ozempic, drops price amidst competition.
Media giant Paramount Global is in talks with Sony over a potential buyout that could be worth $39 billion…after a failed negotiation with another potential buyer.
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NAB has reported a nearly 13% drop in earnings, but saves the day with a $1.5 billion share buyback.
Block, the owner of Afterpay and Square, is under investigation by US Federal Prosecutors for potentially processing crypto transactions for terrorist groups.
eBay has seen its second quarter revenue fall below expectations because people aren’t buying collector’s items on there anymore.
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Bonza, the regional budget airline, has gone into voluntary administration, after its aircrafts were repossessed.
Amazon has smashed its revenue goals by 16% after it saw rapid growth in cloud and its ad market.
The Australian arm of fast-fashion brand Shein has generated nearly $1 billion in sales and tripled its profits in 2023.
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TPG and Optus have signed a $1.6 billion deal to share mobile networks and expand their reach across regional Australia.
Alphabet, the owner of Google, has announced its first ever dividend to investors after completely beating its forecasts.
Crown Resorts will cut nearly 1,000 jobs after a major drop in tourist demand and gaming restrictions.
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BHP has made a nearly $60 billion bid to acquire a British mining company - to double down on copper and its copper mines.
Shares in Meta fell more than 15% after it warned of increased costs related to its big fat AI investment.
Google has chosen to not reveal the gross amount it makes from Australia for the first time in seven years.
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The Reserve Bank of Australia (RBA) has announced inflation of 3.6% which is higher than expected.. And it means a rate cut in 2024 is looking less and less likely
David Beckham is suing Mark Wahlberg for more than $10 million USD after he was allegedly underpaid for an endorsement deal with fitness franchise F45
The US Congress has passed a bill that will could force TikTok to be sold in the US within a year or otherwise be banned altogether
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ABC Radio has seen its audience share plummet to the lowest point ever as it struggles to sustain its hero products.
Amazon has been selling goods on its competitors e-commerce platforms for years under the alias “Big River Services” to gather intel on its biggest rivals.
Free to air TV networks, like Seven and Nine, are worried for their futures as teenagers spend 83% less time in front of TVs and more on their phone.
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RM Williams has invested $8 million to expand its focus on a growing women’s category.
LinkedIn is testing a new premium subscription for Company Pages to help raise company profiles on the platform.
Netflix’s revenue has jumped 15% in the first quarter this year but warned the days of sharing subscriber numbers is all over red rover
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Bonza, Australia’s fourth largest airline, has hit major turbulence after some major instability from its private equity owner
LVMH saw its sales growth slow down to just 2% as its consumers pull back from Louis Vuitton bags and Hennessy cognac.
Crocs and Pringles are collaborating on new clogs with an accessory you didn’t know you needed…an ankle holster for your potato chips.
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News Corp Australia is making its biggest company restructure in decades after Meta decided not to renew its News Bargaining deal with Australian publishers.
Apple has lost its spot as the top phone maker in the world - in the most recent quarter.
Tesla is axing more than 14,000 jobs as demand for electric vehicles slows down.
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Two of Australia’s up and coming betting companies, BlueBet and Betr, will merge to compete with the big players in the betting space.
Luxury fashion retailer Cettire has struggled to woo investors despite an 88% increase in quarterly sales compared to the previous year.
NextDC, Australia’s largest listed developer and operator of data centres, is raising more than $1.3 billion to expand its operations in Australia.
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Ola has announced it will officially shut down its ride sharing services in Australia after 6 years as well as other international markets
Tesla has reportedly scrapped its plan to build a lower-cost electric vehicle and is focusing on Robotaxis
KPMG Netherlands has been hit with a $38 million fine for widespread exam cheating from 2016-2020
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Qantas has announced a major upgrade to its Frequent Flyer rewards points program which will cost it over $120 million.
Woolworths is partnering with the UK’s Tesco supermarket chain, and other big supermarket chains around the world, on a new $190m investment fund.
Uber Eats is launching TikTok style videos on its app to improve discovery of eateries.
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Sydney Airport’s earnings have more than doubled, as Australia’s biggest airport makes the most of our return to flying - in Australia and globally.
Canva has finalised a share sale worth $3.6 billion, making some of its staff overnight millionaires.
Google’s parent company Alphabet is reportedly looking to acquire CRM and marketing software platform Hubspot.
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The owner of Sportsbet, which is Australia’s biggest sports betting company, has said the company experienced a big 27% decrease in earnings for the last financial year.
Spotify is planning to raise its prices AGAIN in key markets, including Australia - and it’s mostly thanks to... audiobooks.
Tesla is location scouting for a new car plant in India that could be worth between $2b-$3b USD.
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ASX-listed wine maker, Treasury Wines, is likely to increase prices on Penfolds wines, as China finally loosens tariffs on Aussie wine.
Google is planning to destroy users’ ‘incognito mode’ browsing data as part of a lawsuit settlement.
WeWork’s founder, Adam Neumann, and several partners are looking to buy WeWork out of bankruptcy for more than $766m.
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Australia’s big banks and some of the Australia’s biggest retailers have given a financial lifeline to Armaguard to keep the cash transport company alive.
The owner of Peter Alexander and Smiggle, Premier Investments, is looking to separate the two retailers from the parent company so they can trade as individual entities.
Spotify is testing online-learning courses in its latest content experiment.
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Reddit’s share price launched 48% on its first day as a listed company last week on the New York Stock Exchange.
Unilever is melting away its ice cream division and is axing 7,500 jobs in an effort to cut costs big time.
Baraja, the $300m Aussie self driving car tech startup, has allegedly had its value written down to zero by its venture capital investors.
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Chemist Warehouse has announced a profit increase of nearly 30% in the lead up to its proposed merger with Sigma Healthcare.
Gucci’s got a problem, and its name is China - yup, we’re talkin’ a share price drop costing Gucci’s owner $10.5 billion.
Luxury brand Hermes is facing a class action suit for alleged antitrust behaviour over the sale of its Birkin bags.
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Uber is paying Aussie taxi drivers $272m in big class action settlement
Google is looking to partner up with Apple to licence the Google Gemini AI system for the iPhone
BHP is reportedly laying off close to 100 staff members at its mega West Musgrave nickel and copper project in Western Australia.
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Amazon is recruiting a fleet of contractors to grow its delivery network in Australia, and take on Australia Post.
Liquid Death, the canned-water brand that helps you “murder your thirst” has just doubled its valuation… because people actually pay for branded H20.
PwC Australia will make more than 320 staff and 37 partners redundant over the next nine months as they try to recover from the tax scandal.
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Optus’ owner, Singtel, is looking like to sell the Aussie telco in a multi-multi billion dollar deal.
Myer has seen its share pop more than 5% after it managed to stabilise its results… and bring in a new Exec to lead it into the future.
TikTok is facing an existential threat as the US House of Representatives has passed a bill to ban app stores from the app.
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Google Australia is going to split away from Meta as it looks to renegotiate its media deals under the Media Bargaining Code.
Elon Musk has announced that xAI, his ChatGPT rival, will make its chatbot, Grok, open source.
Pfizer, the biotech that boomed off the back of COVID, has shifted gears and is now focusing on cures for cancer to grow its revenue.
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Amazon has crossed $3 billion in sales in Australia as it snatches customers from its competitors.
Apple has been whacked with a $2B euro fine in Europe for suppressing competition in the music-streaming industry.
Tigerlily, one of Australia’s biggest swimwear brands, has fallen into administration for the second time.. In just four years.
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Private health premiums in Australia are going to rise by the biggest amount in five years on April 1st.
Reddit, the social media platform, is planning to IPO this month on the New York Stock Exchange in the first major tech IPO of 2024.
Bitcoin’s value has crossed $100,000 Australian dollars, a new all-time high since it peaked in late 2021.
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Meta has warned that it won’t renegotiate new Australian media deals as it plans to pull the News tab from its app in Australia.
Life360, the ASX-listed family tracking app, has seen its shares skyrocket over 30% as it starts to push ads in the app.
Bumble’s love affair with profits has hit a standstill after reporting a $32 million USD net loss in its fourth quarter…and making major cuts to staff.
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Harvey Norman has seen its pre-tax profit drop by more than 45% because Aussies are feeling the pinch of living.
Apple has decided to pull the electric-plug on its self-driving electric car project after 10 years in the making.
Disney is teaming up with the largest company in India in a major $8.5 billion USD deal.
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Kogan.com has seen its net profit triple over the past six months even as it saw its sales decrease.
Adore Beauty has seen its revenue increase to over $100 million for the first half of the financial year, after giving its returning customers more love.
Formula 1 has signed its first ever beauty brand partnership - with a luxury cosmetics brand.
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Medibank’s share price has been whacked after it failed to achieve its forecasts thanks to slow member growth.
Vice Media is laying off hundreds of jobs and is even shutting down its own website vice.com.
Nintendo’s shares have dropped almost 9% after the company delayed the release of the next Switch console.
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Qantas has announced a 13% drop in half-year profits, but some are seeing this as a positive sign.
Nine Entertainment has seen its profit drop by more than 40% for the first half of FY24 after a “markedly weaker ad market”.
Nvidia, the hottest chipmaker in the world, has smashed its lofty expectations in the January quarter and its share price has gone berserk.
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ANZ is one step closer to acquiring Suncorp for $4.9 billion, after a court overturned the ACCC’s decision to reject the acquisition.
Star Entertainment’s shares have dropped 22% after a second inquiry into the Sydney Star Casino.
The company behind Rip Curl and Kathmandu has seen its shares hit an all-time low after warm weather has hurts their sales.
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Taylor Swift performed her first set of shows in Melbourne over the weekend and not only is she entertaining crowds, but giving a major boost to the economy.
Kmart has announced record earnings for the last six months after an increase in earnings of 26% thanks to beauty and apparel.
OpenAI is rolling out a new feature that gives ChatGPT the ability to recall details about their users indefinitely.. So you don’t have to repeat yourself.
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Temple & Webster has smashed market expectations after announcing a 23% rise in sales for the past 6 months.
Breville, the home appliances giant, has seen its sales take a big hit after it stopped discounting its products.
BYD, the Chinese electric car maker - and arch rival to Tesla - expects to almost double sales in Australia this year… and bring an electric ute to the market.
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JB Hi-Fi has seen its net profit drop by more than 20% but it still excited investors enough to see its share price bounce over 5%.
CSL, the blood products giant, saw its market value drop by more than $7 billion after one of its most exciting trials didn’t quite have the results they were looking for.
Seek has seen its share price take a beating after paid ads on the platform dropped 20% in the first half of the year.
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Myer has announced its annual sales hit its highest level since 2005… and more than doubled its profits from pre-COVID.
NewsCorp Australia has seen its revenues drop 6% across the past quarter after its advertising revenue copped a big hit.
Uber has announced its first ever annual profit, which has pushed its share price to an all-time high.
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AGL Energy has seen its core net profit quadruple in the past 6 months after jacking up energy prices.
Cettire, the ASX-listed luxury goods marketplace, has seen its share price jump nearly 35% after its sales exploded like demand for a Hermes handbag.
Disney is investing $1.5 billion USD in Epic Games to build a whole new digital Disney world in the hopes of rebuilding its profitability.
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PwC Australia has launched a new virtual assistant, called ChatPwC, which is meant to help boost the quality of client work.
LVMH, the luxury giant, is making a big push to grow its market share in the luxury watch market with a focus on targeting millennials and Gen Z.
Fishbowl, the Australian fast-food chain, has launched its first US store and has plans to hit $100 million in revenue this year.
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Atlassian, the Australian software behemoth, saw $5 billion USD wiped from its market value despite hitting major milestones.
Tinder and Hinge’s parent company has seen its quarterly revenue grow 10% as more and more people are looking to find love.
F1 champion Lewis Hamilton has made a major sporting move, announcing that he’ll be leaving Mercedes and joining Ferrari in 2025.
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Afterpay's owner Block is reportedly cutting more than 1,000 jobs as it looks to streamline its operations across Australia and around the world
TikTok will no longer have music from Taylor Swift, BIllie Eilish and Ariana Grande on their platform after a break down with their record label.
Elon Musk is looking like he might become $51 billion USD poorer after a judge has voided his enormous pay package.
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Sara Lee, the famous frozen dessert brand, has been saved from administration by the former owners of Darrell Lea
The top 20 pharma companies in the world are at risk of losing $180 billion in sales by 2028, according to a new EY report
Godfreys, the iconic Aussie vacuum cleaner retailer, has collapsed into administration after nearly 100 years
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The Prime Minister has announced changes to the ‘Stage 3’ tax cuts that will mean thousands of extra bucks for some low and middle income Aussies
Domino’s Pizza has seen its share price plummet nearly 30% after its first half net profit is expected to drop
Netflix has struck its biggest deal ever for a live sport with its $5 billion USD deal with the WWE
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Canva is getting close to finalising a secondary share sale with a plan to sell off more than $2 billion in shares.
Appen, the ASX-listed AI company, has seen its share price tumble by nearly 40% after it lost its major contract with Google.
Zip Co. shares jumped 15% on the ASX after announcing it would be returning to profitability for the first time in three years.
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Kmart is hoping to sell its Anko branded products into major US retail stores as it turns its private label-brand into a real, standalone brand.
Reddit, the social media platform, has finalised its long-awaited plans to IPO with a plan to go public in March.
Uniqlo is suing Shein for allegedly selling dupes of their viral bag.
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It's our final podcast for the year. Thank you so much for being with us this year as we shared our thoughts on some of the biggest and juicy business news stories in 2023.
We'll be back and better than ever on January 22nd, 2024.
Have a great break!
_
Zoe Foster Blake has bought back a majority stake in her skincare brand for less than a quarter of the price she sold it for… just two years ago.
The proposed marriage between design companies Adobe and Figma has been broken off after pressure from competition regulators.
Toshiba is delisting from the Tokyo stock exchange after 74 years after a major buyout from a private equity investor.
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General Pants, Surfstitch and Ginger & Smart are all in survival mode right now as its parent company loses millions of dollars.
Zoom has dropped out of the Nasdaq 100 after battling to maintain its relevance and strong performance in 2023.
Sportsbet has suffered a double-digit drop in revenue for the third-quarter compared to last year.
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The new owner of 7-Eleven Australia expects growth to come NOT from petrol but from merchandising - as it aggressively expands its number of stores here.
China's consumer prices fell the fastest in three years in November thanks to a major decline in meat sales
Tesla has recalled more than more than 2 million cars after its self-driving car features software still isn't working as planned.
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The ACCC is trying to push a merger between Suncorp Bank and Bendigo Bank to take on the Big 4 in banking.
The US Federal Reserve has kept the interest rate on pause for a third straight time and hinted of rate cuts next year.
Amazon is launching a new competitor to its own book tracking website.
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McDonald’s Australia is facing a Big-Mac sized class action for allegedly forcing staff to work additional hours for free.
Hasbro, the toy and gaming maker, has announced 1,100 layoffs after it saw overall revenue decline.
Google has lost a major antitrust case against Epic Games that could change the app stores forever.
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Australia’s two largest oil and gas companies are looking to merge in an $80 billion merger.
Afterpay has suffered more than $475 million in bad debts in the last 18 months as the buy- now-pay-later industry becomes more challenging.
Google has launched its latest AI model Gemini, which apparently outperforms ChatGPT according to Google.
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Chemist Warehouse is looking likely to list on the ASX before the end of the year in a reverse listing via one of its suppliers.
Australia Post has got the all-clear from the government to end daily letter deliveries - in order to keep it financially viable.
Twitch is shutting down its operations in South Korea because of ‘prohibitively expensive’ network fees.
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Amazon Prime Video has shaken up the broadcasting landscape after locking in the rights to the Cricket World Cup for Australia.
Spotify has just announced its third round of cuts of 2023 as it lays off 1,500 employees to reduce costs.
Mastercard has launched a new AI shopping tool to help its customers find the best outfit for a wedding.. Or the beach.
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7-Eleven Australia has been sold for more than $1.7 billion to the owners of the 7-Eleven parent group in Japan.
Aristocrat Leisure, the Aussie gambling machine manufacturer, is hosting a day for its biggest investors to address concerns over its social impact.
Dr Martens’ share price dropped over 27% after issuing its fourth profit warning in 12 months.
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Temple & Webster, the online furniture retailer, has bucked the cost of living trend with a big jump in sales over the past 5 months.
Australia’s inflation rate for October dropped below 5% for the first time in over 20 months.
Amazon has entered the AI race with their new chatbot, Amazon Q, that’s designed specifically for businesses.
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Adore Beauty has knocked back a takeover bid, but whispers of this offer have seen its share price jump 20%.
Edrolo, the Australian education startup, has cut a large chunk of its team because AI has disrupted the sector.
ByteDance, the owner of TikTok, is scaling back its gaming operations, which could leave 3,000 employees without jobs.
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Songtradr, the Aussie-founded music licensing platform, has raised over $100 million in one of the largest capital raises of 2023.
Disney, Apple and IBM have all warned that they will stop advertising on X after their ads appeared next to anti-semitic posts.
Australian banks are coming together by introducing new name-checking technology to stop scammers.
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Kayla Itsines and her ex-partner have made a power move by buying back their global fitness app Sweat.
Binance, the world’s largest crypto exchange, has pleaded guilty to criminal charges and will pay $4.3 billion USD in penalties.
Kim Kardashian’s private equity firm, SKKY, has made its very first investment into a condiments brand Truff.
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Akubra, the 147 year old Australian hatmaking company, has been acquired by Andrew Forrest’s investment group Tattarang in another big Aussie acquisition.
Open AI staff have threatened to quit after the Board fired its CEO and Founder Sam Altman over the weekend.
Culture Kings has been shelling out massive discounts to clear stock after facing low consumer spending.
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Accent Group, the company behind Hype and Platypus shoes, has seen its shares tumble 10%.
OpenAI has released a brand new feature at its annual DevDay that could be just as transformational as ChatGPT was last year.
Marvel Studio’s latest film, The Marvels, has tanked at the box office with the worst opening weekend ever for the Marvel Cinematic Universe.
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McDonalds Australia has lost its three year legal battle with Hungry Jack’s over the Big Mac lookalike burger, the Big Jack.
Red Bull has seen a huge jump in energy drink sales after the success of its F1 racing team.
Amazon Australia is planning to ditch boxes for more of its deliveries because Australian customers don’t really want them.
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CommBank has prioritised its margin over its growth in the past quarter as it announces a profit of $2.5 billion for the past 3 months.
Crocs has released a collaboration with McDonald’s for a new shoe line, with socks and jibbitz as well.
Natura&Co, the global cosmetics company, has signed a deal to sell The Body Shop to Aurelius in a monster deal.
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The Coca-Cola Company is in a fizzy situation as it battles a $170 million in tax case with the Australian Tax Office.
ExxonMobil, one of the largest oil and gas companies in the world, has announced plans to become a “leading producer” of lithium for electric vehicles.
Pfizer is creating a new weight-loss drug to try and steal a chunk of the rapidly growing weight-loss drug market.
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Seven West Media has entered the chat for ARN Media by acquiring nearly 20% of the company out of nowhere.
ANZ has achieved a record profit for the last financial year of more than $7 billion, but its firing up quite the competition with the other big banks.
DP World, the biggest port operator in Australia, has been hit with a cyber attack that brought their Australian operations to a halt.
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CoinSpot, one of Australia’s largest crypto exchanges, has seen more than $2 million stolen from accounts on their platform.
Shein, the fast-fashion retailer, is targeting a $90 billion valuation as it prepares for its public listing in the US.
Amazon and Meta are joining forces on a new in-app shopping feature for Facebook and Instagram.
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Xero, the accounting software, has seen its shares dive 10%, despite a 90% earnings boost.
PwC has been dumped by Westpac as their external auditor after a 20 year relationship.
Scentre Group, the company behind Westfield shopping centres in Australia and NZ, has seen its income grow in the double digits.
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Optus has suffered a major outage across the country yesterday that not only impacted millions of customers, but also, public transport and hospitals.
Klarna, the Swedish based buy now pay later, has announced its first profitable quarter since 2019.
Elon Musk has entered the AI chat with his newest toy, Grok, is an AI chatbot with a ‘rebellious streak’.
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Block's shares jumped 25% late last week after its CEO listed its forecast for the next two years and announced a major share buyback.
Warren Buffett’s Berkshire Hathaway is sitting on a record $157 billion USD in cash because he just can’t find any good deals.
Airwallex has launched a new product to challenge the banks on business savings accounts
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Atlassian’s share price has taken a major hit after its customer growth slowed down, and a general fear Atlassian could lose even more customers in the future.
Apple is suffering through its longest sales slump in more than a decade, but investors are still pretty happy with the news.
Live Nation has had its strongest quarter ever, after a year of soaring demand for live entertainment.
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Major Australian companies are looking to tie employee bonuses to office attendance as they try to ramp up getting teams in the office.
ASX-listed Treasury Wine Estates will acquire a high-end wine group Daou Vineyards for nearly $1.6 billion.
Origin Energy’s biggest shareholder AustralianSuper has voted against a takeover offer by North American companies Brookfield and EIG.
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Cotton On has hit the major milestone of more than $2 billion in revenue for the 2023 financial year.. And has no plans of slowing down.
WeWork is planning to file for bankruptcy as early as next week after it’s still struggling with massive debts and big losses.
Anheuser Busch InBev, parent company of Bud Light beer, is looking at live entertainment to lift its dwindling sales.
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Adore Beauty is defying the odds in the retail world with a growth in customers and a profit margin for the first three months of this financial year.
McDonald’s quarterly revenue has jumped 14% thanks to new promotions and of course Spicy Chicken McNuggets.
Fast fashion giant, Shein is expanding its product range by acquiring British competitor, Missguided.
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Qantas has denied that its “ghost flight” ticket sales broke the law and now it’s planning to prove it in court.
Coca Cola has just released its quarterly results, and has come out on top against rival Pepsi.
Endeavour Group, the owner of Dan Murphy’s and BWS, has seen consumers shift away from fancy beers and back to the mainstream as the cost of living bites
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Harvey Norman is looking to buy back 10% of its shares after its first quarter profits halved.
Tinder has released a new Matchmaker tool that allows friends and family members to scrutinise your possible matches.
Altria, the owner of Marlboro cigarettes, has seen its share price SMOKED after a disappointing forecast of the future.
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Uber Eats Australia has copped a major fine after it sent out more than two million emails that broke Australia's spam rules
Meta has celebrated its strongest quarterly growth in over two years but it’s cautious of celebrating too early because there may be some dark clouds coming in 2024
Coles achieved a 3.4% growth in sales for the most recent quarter.. but private label products were the real winners.
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Afterpay has launched a new premium product to encourage its customers to purchase more goods… with credit.
Microsoft has seen its sales fly high as it cashes in on the AI gold rush… but Google isn’t getting the same love from investors.
Hasbro’s billion dollar card game, Magic, is teaming up with Marvel to create superhero collectible cards.
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Medibank is looking to acquire the remainder of MyHealth as it looks to double down on primary healthcare, like doctors.
F45, the Australian-founded fitness has finally released its financial accounts for the 2022 calendar year..and it ain’t pretty.. As expected.
Kim Kardashian’s brand Skims is expanding beyond female clothing and into the booming men's apparel market.
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The Seven Network may pull out of the fight to win the broadcast rights for the Ashes as English cricket executives demand $50 million for the next two Ashes series.
Netflix has seen its subscribers continue to grow thanks to its password-sharing crackdown.
Providoor, the online marketplace for high-end restaurants, has risen from the ashes with a new spin after collapsing in April this year.
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Employment Hero, the Aussie payroll and HR platform, has raised $263 million with a plan to take its workforce product even more global.
Tesla has missed its profit and revenue targets for the last quarter and as a result Elon Musk has lost $24 billion USD.
ARN Media, the owners of KIIS FM, are looking to takeover Southern Cross Media, the owners of Fox FM and Triple M in a maaajor radio deal.
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We are so excited to launch this bonus episode of What the Flux.
In the Flux app, we create bingeable crash courses every month to help you smash your financial goals…
This month, we’re covering one of the most-requested but curly topics - managing difficult money conversations.
We had such awesome conversations with three money experts in the Academy - so we wanted to share some of the juicy insights in a podcast episode.
A big thank you to Betsy Westcott, Redom Syed and Karen Eley.
Download the Flux app and check out this month's Flux Academy to learn more.
Download the Flux app
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Sara Lee, the iconic dessert brand has gone into voluntary administration after more than 50 years.
23AndMe, the genetic testing company, has been hacked and now the records of millions of its users have been leaked online.
Amazon has announced it will be rolling out its 60 minute drone delivery with a plan for 500 million deliveries per year by 2030
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News Corp is under investor pressure to separate its investment in realestate.com.au from its main business to unlock shareholder value.
Netflix is planning to open themed stores known as “Netflix House” to offer retail, dining and live experiences.
Ferrari has gone full throttle into the cryptocurrency lane as they start to accept bitcoin payments for their cars.
—
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Cochlear, the ASX-listed bionic ear company, reckons its profit to grow by double digits in this financial year.
A major bid to buy Manchester United football club has failed because its majority owners just weren’t happy with the price tag.
Pfizer has announced that it will cut over $9 billion USD from its annual sales forecast after declining demand for Covid vaccines…and investors are kind of here for it.
—
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Treasury Wine Estates has seen its luxury wine sales boom and it is hoping that Chinese wine tariffs may also be lifted soon.
Microsoft has finally completed its $69 billion USD acquisition of gaming company Activision Blizzard after nearly two years of fighting with regulators.
Tiktok has landed Disney as its latest publishing partner for TikTok’s new-ish premium ad product.
—
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Atlassian has shelled out $1.5 billion to buy US video messaging service Loom to expand Atlassian’s collaboration tools empire.
Google has added conversational mode to its Search tool to compete with ChatGPT.
RedBubble, the ASX-listed online marketplace, saw its shares jump over 30% last week as it prioritised becoming cash flow positive again.
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Telstra has bought cloud-computing company Versent for $267 million to boost their digital services.
Birkenstock Holdings listed on the New York Stock Exchange yesterday and has seen its shares drop more than 11% in one of the worst listings in 2 years.
ExxonMobil, the major oil and gas company, has acquired Pioneer Natural Resources in a $59 billion USD acquisition in the largest takeover this year so far.
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Qantas’ Chairman of 5 years, Richard Goyder, will step down at the end of 2024 after the several recent controversies at Qantas.
PepsiCo’s quarterly earnings and revenue beat investor expectations because people just keep coming back… despite the price rises.
Apple Pay and Google Wallet could soon be facing additional regulation by the RBA.
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Virgin Australia has recorded its first annual profit in more than 10 years after its revenue more than doubled in the last 12 months.
Samsung's third-quarter profit is expected to plummet by almost 80% because of a global chip glut.
Fortescue Metals has signed a new 25 year deal to expand into new renewable energy projects.
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Seven Network claims title of Australia’s most watched network for third straight year.
Uber is launching a new service to return unwanted packages as over-ordering becomes a norm.
The NBA is in preliminary stages of its new media deal and it could include a whole host of streaming services.
—
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Virtual Gaming World, the locally owned online casino, has recorded nearly $5 billion in revenue to become one of the largest privately-owned Australian companies by revenue.
X, formerly Twitter, has started cutting headlines from any external links to get users to post long form content in the app.
Ozempic, the weight-loss/diabetes drug, has seen such a massive rise that it’s starting to have some major ripple effects on other industries, from snack foods to airlines.
—
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Canva has announced an annualised revenue of $1.7 billion USD as well as a chunky $200 million creator fund.
Sam Bankman-Fried’s trial began this week - after being accused of stealing billions in customer funds from his crypto company FTX.
CBA has seen a decline in its home loan market share for the second month in a row… and CBA maaaaaay be starting to panic.
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Spotify has released more than 1.5 million audiobooks into its premium subscription in Australia and the UK to convince more people to love audiobooks.
Gina Rinehart's Hancock Prospecting has picked up a large chunk of shares in super popular aussie stock Liontown Resources and this might block a $6.6 Billion Bid.
Starbucks is developing a new variety of coffee beans because it's concerned that climate change threatens supply.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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It’s RIP for Kelloggs in Australia as they re-brand Coco Pops and Crunchy Nut under their new brand… Kellanova.
Warner Bros Discovery plans to launch its Max streaming platform in Australia in 2025… which is really going to hurt Foxtel and Binge.. who licence their content.
TikTok is testing out a new ad-free subscription tier to open up new sources of revenue.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Regional Express will soon launch its own frequent flyer program to take on Qantas and Virgin for the loyalty of the Australian public.
Nike’s investors have given the big Nike-tick-of-approval after it announced its inventory glut is easing.
Meta has introduced new AI features… with a bit of a spin in an attempt to find their footing in the AI industry
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PwC Australia has released the internal report that was commissioned after its tax scandal.. And it’s got some pretty hairy findings.
Meta has announced a heap of new products at its Annual Developer Conference, including AR headsets and Smart Glasses.
Snap is shutting down its Augmented Reality division just months after the launch…because it’s just not that special.
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Star Entertainment, the owner of Star Casino, is looking to raise $750 million from investors to keep it alive.
The US Government and 17 States are suing Amazon over concerns that they’ve abused their market dominance and harmed competition.
Taylor Swift’s not-quite-confirmed relationship with an NFL star has seen a nearly 400% boost to the team’s merch.
Just a quick heads up: We'll be taking a break for the AFL Grand Final public holiday tomorrow - but we'll see you on Monday!
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News Corp Australia claims it is the first major news publisher in Australia to launch an online shopping platform.
Tinder has rolled out a new, high-end membership to help desperate singles find love.
The Writers Guild of America has reached a tentative deal with the Hollywood studios after a 146 day strike.
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Mr Yum and me&u, the two arch rivals, have just finalised a deal to combine their QR code ordering businesses.
Share trading company Stake and crypto casino Stake.com are going head to head in a battle over naming rights.
H&M is starting to charge shoppers for online returns as a way to disincentive shoppers from sending backs heaps of items.
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AustralianSuper, the largest shareholder of Origin Energy, reckons the current takeover bid of $18.7 billion isn’t enough.
Klaviyo, the email marketing software, is the latest tech company to list on the Nasdaq… and pop haaaard on debut.
The ACCC has blocked Transurban from acquiring a toll road in Australia for the first time everrrr.
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Victoria will hit short stay rental companies like Airbnb with a 7.5% levy from 2025 and other states are watching veeeeery closely.
Disney is planning to almost double its park investments to $60 billion USD over the next 10 years.
Google has just released a new version of its AI chatbot Bard that will integrate into your life with the full suite of Google tools.
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KMD Brands, owner of Kathmandu and Rip Curl, has posted more than a billion dollars in sales for the first time over the last 12 months.
Instacart, the popular grocery delivery app in North America, IPO’d this week at a valuation of around US$10b, but it actually wasn’t a great outcome for investors.
YouTube won't let Russell Brand sell ads on the platform after recent sexual assault allegations against him.
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Yellow Brick Road, the ASX-listed mortgage broker is planning to delist from the ASX because of concerns that investors just don’t “get” the business.
TikTok is diving headfirst into e-commerce with the launch of TikTok Shop to all US users by early October.. And then the world.
The music industry has set a brand new milestone with music revenue hitting an all time high.
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Elle, the Fashion magazine, is returning to print thanks to a comeback of hard copy publishing.
Australia’s largest fruit and veg processor has had its buyout price sliced by more than $100m.
MGM Resorts, the owner of casinos in Las Vegas, has suffered a outage after a major cyberattack on its hotels and casinos.
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Amazon has told major Australian broadcasters that it will take a 30% cut of revenue from ads consumed through its Fire TV devices.
SEN, the sports radio network, has recorded a $9.2 million loss for the financial year.. And is re-negotiating its loans to stay afloat.
UK based chip designer Arm has successfully IPO-ed on Nasdaq…and this marks the biggest IPO in the world for nearly two years.
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Myer has achieved its best sales result since 2005 but has warned that it may not be able to keep it up with spending starting to slow.
The merger between UFC and WWE have officially started trading on the New York Stock Exchange under a brand new company name.
Gatorade has announced that they’ll be releasing a brand new product and its called…. water!
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Guzman y Gomez has seen its sales just 32% over the past 12 months as it gears up for a listing on the ASX.
Apple has just launched their new iPhone 15 and iPhone 15 Pro models with heftier price tags than ever before.
One of the biggest anti-competitive trials is underway in the US and its got Google going head to head against the US Department of Justice.
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CSL, Australia’s biggest company company, is planning to crack the $33 billion asthma market by developing a new, personalised drug to stop inflammation.
Tesla is developing a new supercomputer called Dojo that is expected to add $500 billion to its market value, according to Morgan Stanley.
Warner Bros. Discovery has cut its annual profit forecast by $500 million as the Hollywood strikes show no signs of slowing down.
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Australian news publishers have seen their traffic from Facebook plummet by 50 per cent this year in the latest battle between Meta and the media.
Members of HESTA, one of Australia’s largest super funds, are calling it out over greenwashing concerns.
Youtube is now testing playable games in Google’s latest foray in the gaming sector.
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AustralianSuper, Australia's largest superannuation fund, is in hot water for costing its members $69 million in extra fees.
Apple’s value dropped by over $190 billion USD late last week after China announced plans to ban iPhones in government organisations.
Nine Entertainment is primed to secure the Melbourne Cup broadcast deal after Seven West Media pulled out of the running.
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Bunnings is looking to to play a bigger role in Australia's residential construction market by investing $75 million into prefabricated walls and roof trusses.
Clubhouse is attempting to make a comeback with the introduction of a new feature called "chats".
Commonwealth Bank has acquired invoice financing company Waddle to boost its digital lending arm.
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Step One, the "no-chafing" underwear company, has seen its share price rise 50% after a major shift in business strategy.
Meta may allow Instagram and Facebook users in Europe to pay a subscription to avoid ads.
Novo Nordick has just taken its place as Europe’s Most Valuable Company, with sales soaring for their weight-loss drugs.
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Qantas’ CEO Alan Joyce will step down two months early after a controversial month.
Johnson & Johnson has released itself from the ownership Band-Aid and Benadryl so it can better focus on pharma and medTech.
$64.1 million has been stolen by thieves from crypto casino, Stake.com
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Liontown Resources, the Australian lithium miner, has received a sweetened $6.6 billion acquisition offer… which its board recommends accepting.
APRA has come down hard on Australian super funds after they were too slow to revalue tech companies, including Canva.
Hilton Worldwide’s Australian arm is facing off with the ATO over alleged unpaid taxes.
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Australia Post has just announced a $200 million loss and now it’s turning to the government for a potential bailout.
JBL has released a new range of smart speaker with a major development - it has both Amazon's Alexa and Google Assistant inside it.
Chris Hemsworth’s fitness app Centr is facing serious negative reviews after staff lay-offs… and major bugs.
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Qantas is in the firing line after the ACCC alleged it sold tickets for flights it had already cancelled.
The party is over for Harvey Norman after it suffered a major profit decline.. Because consumers just ain’t spending like they used to.
Lego is continuing to grow its market share despite other toymakers struggling with declining sales.
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Flight Centre has seen its sales return to their second-highest level ever… but the secret is all in the boomers.
OnlyFans, the subscription platform for adult content, has reported revenues of over $1 billion for the 12 months ending November 2022.
France is paying their farmers millions to destroy surplus wine from this season.
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Fortescue, one of Australia’s largest mining companies, has reported an $8.5 billion net profit for the year.. and its CEO of 6 months will be stepping down.
OpenAI has announced plans to roll out ChatGPT Enterprise so that businesses can interact with AI.. with private data.
Brazilian cosmetic group, Natura & Co is considering selling The Body Shop as sales continue to decline.
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Rolex has acquired one of the world’s most exclusive watch and jewellery retailers, Bucherer, for an estimated $7 billion USD.
Tabcorp has been reborn post-demerger with a $66m profit that beat all market expectations.
Appen, the Australian AI tech company, has seen its shares drop almost 30% after they claimed they’re in a “challenging external environment”.
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Wesfarmers has seen its full year sales jump to over $43 billion thanks to its two favourite kiddies, Kmart and Bunnings
Subway has been sold after 60 years to a private equity giant for nearly $10 billion USD
Fashion retailer Shein has announced a new partnership with Forever 21 as both outlets look to amp up their customer reach
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Qantas has skyrocketed to new heights, well above the pandemic clouds, with a record annual profit near $2.5 billion.
Nine Entertainment has seen copped a 38% fall in its net profit after ads on TV are plummeting.
Nvidia, the computer chip maker has reeled in a massive $20.8 billion USD in quarterly revenue, as demand soars for their AI chips.
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Woolworths has announced a $1.6 billion profit and it’s largely thanks to their growing profit margin.
Wisetech, the Australian logistics software company, has seen its share price drop more than 20% after its profit margin fell waaaay more than expected.
Domino’s Pizza has seen its pizza sales whacked after rising prices last year.. But now its CEO promises no more!
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The share price of Coles’ had its biggest single-day loss since March 2020 after its full year profit dropped faster than a carton of eggs in a crowded supermarket.
Collins Foods, owner of 40% of Australia’s KFC outlets, has had a winning year, but the big question is, will they keep their momentum with cost of living pressures rising?
Arm, the chip designer in 99% of smartphones, is planning to IPO in the US and this could become one of Softbank’s major winners.
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The owner of Peter Alexander and Smiggle has announced a nearly 10% increase in sales.. And on that note, the CEO is stepping down.
A2 Milk has reported growth for the past 12 months, but investors are concerned whether there’s more milk to give.
Estee Lauder’s makeup can’t even cover up the holes in its annual sales and profit which have fallen well below its forecasts .
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F45 will delist from the New York Stock Exchange after its share price dropped over 99%... and they failed to benchpress their financial reports on time.
Spotify considered banning new uploads of white noise podcasts after it was dominating the algorithms.
CommBank has gone on the offensive with a plan to take on payment companies and other big banks with new payment product… Powerboard.
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Endeavour Group has seen its net profit jump over 7% off the back of its success with Dan Murphy’s membership program.
Origin Energy has rebounded with $1 billion profit after a year of instability in electricity prices.
Roblox, the online gaming platform, will let its users turn into creators and sell “full avatar bodies and standalone heads” to make dollars.
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Temple and Webster is using AI to jazz up its online shopping experience and grow sales as consumers tighten wallets.
An electric car maker called VinFast Auto just listed on the Nasdaq and its valuation soared past General Motors and Mercedes Benz in just one day.
Life360, the ASX-listed human-tracking app, has seen its subscription revenue boom year on year…despite an overall tech slowdown.
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NAB has raked in cash earnings of $1.9 billion over the past 3 months and will now do a whoppin’ share buyback
Australia Post will start offering next-day delivery services in metro areas to keep up with consumer demands…and Amazon
Monday.com, the project management software, has seen its revenue jump 42% over the past 3 months to over $175 million USD
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The Matilda’s quarter final match on Saturday night smashed records to become biggest TV sports program in a decade… and a massive winner for Channel 7.
JB Hi Fi has seen its profits slide in its full year financial results - but gaming and mobile phones are still the winners.
Hopin, the multi-billion dollar virtual events company, has sold its Events and Sessions business units for a measly $15 million.
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Cettire, the ASX-listed luxury e-commerce brand, has seen its gross revenue grow by 87% over the past 12 months.
NewsCorp saw their profit drop by 75% over the past 12 months and now it’s its taken the scissors out to start cutting left, right and centre.
The owner of retail brands Coach and Kate Spade is acquiring Versace, Michael Kors and Jimmy Choo in a $13 billion mega-deal.
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AGL Energy has been hit with a $1.3 billion loss after a tough year in the energy sector… but there’s a silver lining to this story.
WeWork has seen its share price drop nearly 99% since it IPO’d, and now they’ve warned of a “substantial doubt” of even staying in business.
Barstool Sports, the US digital media company, has been sold back to its founder for $1 just months after he sold it for $550m USD.
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CommBank has posted a full-year profit of more than $10 billion and will buy back up to $1 billion worth of shares.
Invocare, Australia’s largest funerals group, has endorsed a $1.8 billion acquisition by a private equity giant.
Disney has created a new task-force to deep dive into AI and cut down their costs.
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Myer has experienced a major slowdown in sales since January, but has still seen its sales jump double-digits since last year.
Paramount Global has palmed off publisher Simon & Schuster to a private equity giant for more than $1.6 billion USD.
Canva’s latest valuation has hit $25.5bn USD as its early investors sell down.. But it gears up towards an IPO in the US.
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Free-to-air TV executives are lobbying the government for better visibility of their apps on Smart TV.
MrBeast is suing the ghost kitchen that makes his MrBeast Burger after some serious quality-control issues.
Apple officially has reached more than 1 billion paying subscribers… and that’s just for its services business.
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The ACCC has officially rejected the $4.9 billion ANZ-Suncorp merger.. But ANZ says this one ain’t over yet.
eToro, the major online investment platform, is being sued by ASIC over their financial betting products.
Nintendo has hit its highest first-quarter profit on record after the Legend of Zelda game took it to new heights.
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Seafolly, the Australian bikini label, has been sold for $70 million to a new buyer after a rollercoaster decade.
Uber has announced its first global operating profit for a quarter ever and now it plans to take on more industries..again.
Pokemon has released a new Pokemon Sleep app… and it is pumping its way up the App Store charts as the app tries to gamify wellness.
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Rio Tinto says that China has pretty much maxxed out on its steel production so now it needs to find new buyers for iron ore.
Birkenstock is riding the Barbie wave as it prepares to IPO as soon as September at a value of more than $12 billion bucks.
TPG Telecom, the major telco and IT company, has received a $6.3 billion bid to sell some of its fibre assets.
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The Reserve Bank of Australia has put rates on hold for another month in a good sign for borrowers…but it warned it may not be done for good.
Bondi Sands, the Australian self-tanner and skincare brand, has been acquired by a major Japanese retailer for $450 million.
Foxtel is planning to launch a top-secret brand.. Which is currently called “Project Magneto” to boost their revenues and differentiate itself in the very saturated streaming industry.
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Luxury Escapes, the online Aussie travel company, has jumped into physical retail head-first by opening what some describe as the largest travel store in the world
Medical diagnostics company Atomo has gone through a major pivot from producing Covid RAT tests to… pregnancy tests.
Hermes has bucked the trend of the luxury industry by announcing a big boost in its sales and profits over the past 6 months
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Prospa, the small business lender, has seen its revenue jump by more than 60%... buuuut it’s share price still dropped by more than 10%.
McDonald’s plans to launch a spinoff restaurant chain in 2024 and it will be named after an old-school McDonald’s character called CosMc’s.
The owner of Gucci has just acquired a 30% stake in Italian fashion label Valentino for a lazy 1.7 billion euros.
—
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Zimmermann, Sydney-based fashion label, has received an acquisition offer that values the company at $1.75 billion dollars.
Meta, formerly known as Facebook, is slowly but surely gaining back investor trust after a major surge in ad revenue in its second quarter earnings.
Chatime, the Bubbletea franchise, is bracing for the closure of some of their Australian outlets after struggling with some loss-making stores.
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Origin Energy is looking to build major-scale batteries across Australia to capitalise on volatility in the energy sector.
WorldCoin, a new cryptocurrency created by the founder of Open AI, has just handed out millions of dollars in the currency in exchange for irises.
Spotify has released underwhelming second-quarter results and its shares dropped 14%.. aaand it’s got an unpopular solution to this problem.
—
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Kmart and Target are merging to form a $10 billion behemoth, under the Wesfarmers roof.
After 17 years, Twitter has officially said “bye bye birdie” as it changes its logo from the blue and white bird to a big, fat ‘X’.
A Saudi Arabian soccer team has made an enormous €300 million bid for French star, Kylian Mbappe, which could pair him with Cristiano Ronaldo.
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Turkish Airlines’ planned expansion into Australia has been put on hold after it failed to secure government approval.
Netflix lost nearly $18 billion in market value late last week despite the fact that its user numbers grew well ahead of expectations.
The ACCC has delayed its major decision on the nearly $5 billion ANZ-Suncorp merger until early August.
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Ansell, the ASX-listed glove maker, has warned its investors that a huge amount of unsold products post covid has now spread to other products.
Burberry, the British luxury fashion behemoth, dropped some delightful news last week after a boom in Chinese buyers.
Russia pulled out of the Black Sea grain deal last week, which may really hurt the the flow of critical food supplies.
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Foxtel and ESPN are continuing their long-standing partnership to bring America's sports to Australian viewers.
TikTok’s unveiled a new initiative called “Elevate” to support up-and-coming artists create careers in music.
Netflix experienced its slowest revenue growth on record last year...so now it’s turning to the gaming industry to stay competitive.
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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The Barbie movie was released yesterday evening and it’s expected to create huge ripple effective for Barbie-owner Mattel… and it’s bottom line.
Elon Musk has warned that Twitter is still not profitable thanks to a chunky drop in advertising revenue and a very very large debt.
An Australian cyber-tech company named Secure Code Warrior has just closed a $50m USD capital raise, with backing from Goldman Sachs.
—
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The Victorian Government has pulled the pin on hosting the Commonwealth Games in 2026 after claiming the costs have blown out.
PwC, KPMG, EY and Deloitte are all in the spotlight as they’re facing a Senate inquiry into the consulting sector.
Last week, Margot Robbie, Matt Damon and thousands of other Hollywood actors walked out on their jobs, sparking the biggest Hollywood strike in 63 years.
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Optus is hoping its broadcast of the upcoming FIFA Women’s World Cup will provide an opportunity to rejuvenate its tarnished reputation.
Shein, the fast fashion GIANT, is facing a lawsuit from a group of independent designers who accuse it and its AI system of stealing their designs.
Italy's luxury fashion groups, such as Prada and Ermenegildo Zegna are teaming up to protect their supply chains and smaller Italian companies.
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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The Treasurer of Australia has announced Michele Bullock as the new Governor of the Reserve Bank and she’ll be the first female in the role.
Underwear company Skims, which is owned by Kim Kardashian, is in capital raise talks, which could raise the company's value to around $4 billion USD.
Bonza, Australia’s newest airline, has cut back some of their routes after experiencing weak demand.
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Optus has struck a deal with Elon Musk’s Starlink to extend mobile coverage across Australia.. and cut out NBN
Commonwealth Bank of Australia is facing a bit of a revolt from its 49,000 employees who are being forced back into the office
US annual inflation has taken a dip from its 4% last month to 3% in June and this means it has slowed to a two-year low
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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KPMG, one of the leading professional services firms, has launched an in-house developed ChatGPT tool, KymChat, for its clients.
Saudi Arabia’s Public Investment Fund has reported a loss of $16.5 billion in 2022 after $28 billion of profit in 2021.
Elon Musk’s Tesla is poised to gatecrash Britain’s energy market by selling electricity to households in a challenge to the UK’s big energy providers.
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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F45, the Aussie-founded fitness franchise, has admitted that their losses over the last two years are actually much higher than what they initially reported
Alibaba affiliate Ant Financial has valued itself at a 75% discount to its failed IPO…and they’ve been fined nearly $1b billion… but surprisingly it’s good news!
Sportsbet has spent more than $64m on gambling ads in the last 18 months and they have significantly outspent their competitors
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Australian electric vehicle sales are accelerating, but not enough to meet NSW, Victoria, and Queensland’s 2030 targets.
TikTok has plans to compete with Spotify after launching a brand new music streaming service, "TikTok Music".
OpenAI and Meta have been sued by comedians and authors over alleged copyright infringements by their AI systems.
—
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Lion Group, the beer brewing giant, has taken full ownership of Four Pillars Gin, as it plans to dominate the premium spirits market.
Meta has swooped in with its Twitter Clone called 'Threads' and has grown to over 70 million users in just 3 days
Diageo, the global spirits maker, has cut ties with Sean “Diddy” Combs after a 15-year partnership..and now they’ve brought in the lawyers
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Flux fam, we are back with another WTF recap episode!
Before we return to our daily bite sized business news on July 10th, this week it is all about the best stories from the first half of 2023.
Today, we’re looking at some of the biggest finance stories from Australia and globally from January to June this year.
With cash rate rises jumping 12 times so far to 4.1%... the banks have been pretty core to our lives this year
Let's take a trip down memory lane..
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Flux fam, we are back with another WTF recap episode!
Before we return to our daily bite sized business news on July 10th, this week it is all about the best stories from the first half of 2023.
Today, we’re looking at some of the biggest media stories from Australia and globally from January to June this year.
It continues to be a battle between the steaming services, the OG TV networks. And these two are becoming more and more alike.
Let's take a trip down memory lane..
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omny.fm/listener for privacy information.
Flux fam, we are back with another WTF recap episode!
Before we return to our daily bite sized business news on July 10th, this week it is all about the best stories from the first half of 2023.
Today, we’re looking at some of the biggest retail stories from Australia and globally from January to June this year.
With consumer spending down across the board this year, it’s been a tough year to be a retailer. But surprisingly, some retailers just keep on, keeping on. Churning out super strong results.
Let's take a trip down memory lane..
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Flux fam, we are back with another WTF recap episode!
Before we return to our daily bite sized business news on July 10th, this week it is all about the best stories from the first half of 2023.
Today, we’re looking at some of the biggest Australian business stories from Australia and globally from January to June this year
It's been a booming year for some (ahem Qantas)... and very lean for others (ahemmmm retailers).
Let's take a trip down memory lane to see what's happened so far..
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Flux fam, we are back with another WTF recap episode!
Before we return to our daily bite sized business news on July 10th, this week it is all about the best stories from the first half of 2023.
Today, we’re looking at some of the biggest tech stories from Australia and globally from January to June this year
This year has been a bit of a recovery from the big tech companies… after last year’s annus horribilis.
Let's take a trip down memory lane..
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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For today's episode, we’re having a warm slice of the music industry. For centuries, music has been the soul of our existence.
But over the last few decades, it has evolved more rapidly than any of us could have imagined.
We take a look at the challenges from Napster and Limewire, Spotify and Apple Music and now AI.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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For today's episode, we’re having a warm slice of the much-desired… but more and more inaccessible …Australian property market.
We've also brought Tim Lawless, Head of Research at CoreLogic Asia Pacific onto the pod. He's the GOAT of all things property prices, property movements and everything else property on the pod.
We'll be back with our the industry recaps for 2023 next week.
We'll be back to regular What the Flux programming on July 10th.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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For today's episode, we’re having a warm slice of the banking industry in Australia.. We're looking at where it's come from... where it is today and what the future holds as big tech companies like Apple and Google enter the space.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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For today's episode, we’re warming into the world of consumer products.. And the way that content creators and influencers have changed the game.
We'll be back with our the industry recaps for 2023 next week.
We'll be back to regular What the Flux programming on July 10th.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Pizza Hut Australia has been sold by its Australian private equity owner to Flynn Restaurant Group, the world’s biggest franchise operator.
Lionel Messi is set to join US Major League Soccer club Inter Miami, turning down a massive deal from Saudi Arabia after some crafty commercials to make this deal uber appealing.
A month after going into administration, Jenny Craig has failed to find a buyer for its physical stores - but it had a last minute rescue for its online biz.
—
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Aussie fashion giants risk facing a mandatory levy on their trendy threads if they refuse to jump onboard a new scheme tackling fast fashion.
The PGA Tour and Saudi-backed LIV Golf have announced a merger, after a tense two year rivalry… but now, they’re promising a united future for golf.
The US regulator, the SEC, has filed a lawsuit against Coinbase after claiming that it has been operating as an unregistered broker since 2019.
—
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The RBA has raised the cash rate for a 12th time.. By 0.25% and this means the cash rate is now at an 11 year high.
Apple just revealed its long awaited new augmented reality headset, Vision Pro.
Amazon Australia is expected to reach $5.5 billion turnover next financial year after targeting on value-seeking consumers.
—
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Tabcorp is bidding for Melbourne Cup broadcast rights and may become both a wagering company and a broadcast rights broker.
ALDI is exploring the possibility of expanding into consumer services such as internet, insurance travel services, and solar energy.
The ACCC is pleading for the growth of Aussie airlines Rex and Bonza as the duopoly of Qantas and Virgin continues to dominate the domestic market.
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Australia Post is hiking prices for several parcel and package delivery services by as much as 10% on July 3rd.
Adairs, the home furnishings retailer, has seen its sales over the past few months and now it’s issued a profit warning to investors.
BHP has admitted to underpaying their staff by $430 million… for over a decade.
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Woolworths has committed to transitioning its entire delivery fleet to electric vehicles by 2030.
Kmart’s leaning into its Tik Tok cult following and looking to target Gen Z customers for beauty and storage products.
Australia's superannuation sector is getting a little cosier after CareSuper and Spirit Super have joined forces and merged.
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Qantas predicts high demand will likely keep airfares high until 2030 as demand for international travel will keep running ahead of supply
YouTube has called it a wrap on Stories, pivoting to focus on key areas like Shorts, Community posts and live videos.
Electricity prices are set to go up by up to 25% in many parts of Australia from July 1.
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Wesfarmers reckons “the honeymoon is very much over” after the past few years of government stimulus and low-low interest rates.
Elon Musk's Neuralink, the brain computer company, has received a green light from US regulators to begin testing brain implant devices on humans.
Disney+ is following its streaming service competitors and removing dozens of shows and films off from it’s platform.
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Canada Goose, the luxury clothes manufacturer, is setting up shop in Australia, despite a slow down in consumer spending.. Because the luxury market is still booming.
Universal Music Group is partnering with an AI-generated music startup to help make sleep noises.
The US has made an in-principle agreement to raise the debt ceiling…just days before it was going to run out of cash.
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TikTok's revenue and profit in Australia have more than doubled despite being in hot water in the Western world
Nvidia, the computer chip maker, has seen its market cap hit nearly $1 trillion USD as its chippies become hot property in AI race
Ford electric vehicle owners will get access to Tesla Superchargers in a major deal between two rivals that could have a huge impact on the whole industry
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Milkrun, the fast delivery grocery startup has been acquired by Woolworths for an estimated $10 million.
Microsoft has announced plans to allow third party developers to create AI-powered apps.. And this could become the app store of the future.
Virgin Orbit is officially shutting down after losing 99% of its value in just two years.
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Webjet has made a major comeback from the pandemic, with a $150 million profit turnaround over the past 12 months.
Meta has sold its GIF platform Giphy to a stock photography company and copped an 85% loss on the sale in the meantime.
Universal Store share prices have sunk by over 20% despite record high sales after it warned that their customers are spending less.
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Qantas expects to reach a record profit of nearly $2.5 billion for this financial year - more than $1 billion higher than its previous record.
Bunnings has announced a move to trial a four-day workweek for its full-time workers, which could set a precedent for the whole industry.
Meta has been hit with a $2 billion fine for breaching data protection rules in the European Union.
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Buy now pay later companies are about to face some tough new regulation after being included in the credit laws.
Instagram is planning for a US summer showdown after it plans to release a text-based app that will compete with Twitter.
Apple is expected to launch its first virtual reality headset on June 5th which could be a game changer for the space.. But it comes with a pretty hefty price tag.
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Xero, the accounting software, reported a loss over $100 million for the past 12 months, but it’s actually really really good news.
The world’s biggest crypto exchange, Binance, is being banned by Westpac.
Alibaba has announced its first results since splitting up the company into six units - and its quarterly revenue was quite the disappointment.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Super funds are considering whether to vote against the re-election of male directors in 97 ASX 300 companies, in a push for greater gender diversity on boards.
Elon Musk has told investors that Tesla will give traditional advertising a shot after always avoiding this method in the past.
TikTok is pulling together a $6 million fund to pay the creators of its viral filters and effects.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Apple has teamed up with Westpac to launch its 'Tap to Pay' service in Australia, which will mean every iPhone will become a payment device.
The owner of Super Cheap Auto and Rebel, reckons its brands are ready-made for tightening consumer spending.
Australian banks have come together to launch a new tool to combat fraud from sophisticated scams.
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Aristocrat Leisure, Australia's leading gaming company, has gaming software company NeoGames in a whopping $1.5 billion deal.
Hospitality tech startups Mr Yum and me&u are looking at merging to create one big Australian company to take on the world’s restaurants together.
National Geographic, the TV network, is diving into the retail game business, by launching its first brick-and-mortar stores in Australia.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Pointsbet, the ASX-listed betting company, has sold its US division to Fanatics, the sports merch company backed by Jay Z.
Parcel businesses are vying to get a slice of Australia Post’s infrastructure, including their boxes and lockers, to improve their own delivery services.
Tesla has recalled every car that it’s sold in China, all 1.1 million of them, because of a braking and acceleration defect..
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Tasmania was officially granted an AFL licence a couple of weeks ago.. But the biggest sticking point is still their full name.. Which is a point of major trademark contention.
Disney has seen a 2% drop in its total streaming subscriber base for the quarter and they’re pointing the finger at one of its very own platforms.
Adidas is looking to sell some stock from its discontinued Yeezy partnership and donate the proceeds to charitable organisations.
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PwC Australia is in damage control after its CEO and two other executives stood down after a major government tax leak.
The share price of Google’s parent company Alphabet jumped by A$82 billion overnight after a single announcement, which repeated the same word over… and over.. And over.
The US government is getting closer to default-day as it starts inching towards its debt ceiling..
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Jenny Craig has been forced to shut down in the US and Canada and has now appointed voluntary administrators in Australia too.
CBA has just announced that they will be shelving their mortgage cashback offers and waving their white flag in the mortgage wars.
Amazon is introducing a new service called Amazon Everywhere that allows users to purchase physical items in games and apps.
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We've trawled through the 900+ pages of the Federal Budget to give you a highlights package.
Hear about all the winners and losers and our thoughts about the Federal Budget for 2023.
We cover all things:
- Cost of living packages
- Medicare incentives
- Big investments in the hydrogen economy
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The owners of 7-Eleven Australia have put the brand up for sale and the future of 7-Eleven could look a whole lot different.
Atlassian’s shares have tumbled over 10% in after-hours trading after Atlassian warned of slowing growth for the upcoming quarter.
Vice, the youth media outlet is preparing to file for bankruptcy after years of declining profit.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Google and Facebook made $8.3 billion in digital advertising in Australia in 2022, but only paid a teeny tiny portion of that in tax thanks to some crafty accounting.
NAB’s share price dropped nearly 8% despite a record earnings over $4 billion for the six months to March because investors had a few concerns.
Airbnb goes back to its roots to accommodate shrinking budgets with Airbnb Rooms, their new offering where people can rent private rooms within a house.
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Boozebud, the Australian online bottle shop has collapsed after it had insufficient funds to continue operating the business.
Uber has announced a major jump in revenue largely thanks to its ride-hailing and delivery businesses.
PepsiCo is launching a new no-sugar sparkling water, Bubly, in Australia despite a tightening economy as its sales keep on, keeping on.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Seven West Media is in a world of pain as the free-to-air ad market continues to tumble quarter on quarter.
Mercedes-Benz has turned to its Formula One team for help in building more efficient mass-market electric vehicles.
Bluesky, the Jack Dorsey-backed Twitter alternative, has seen demand far exceed its limited invite-system - leading to high prices for exclusive invites.
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Canva is looking likely to delay its annual employee share sale until the tech industry rebounds.
US regulators have taken control of First Republic Bank and then sold it to JP Morgan, one of its biggest competitors, in one of the biggest bank collapses in US history.
Amazon shares rose more than 10 per cent after its quarterly report smashed sales projections… but then dropped into negative territory after the follow up conference call.
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Coles has put its Coles Radio account up for tender as it attempts to increase revenues from the lucrative $1 billion retail media advertising sector.
Providoor, the online marketplace for high-end restaurants, has shut down and entered liquidation .
Aussie retailer Best & Less has received a takeover bid from two retail leaders with an offer less than its current share price.
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A big loophole in Australia’s online gambling industry is about to finally be closed.
Microsoft’s $69B USD takeover of Activision is in trouble after UK regulators blocked this potentially monumental gaming deal.
American coffee-maker, Moccona, is suing Aussie coffee-maker Vittoria over the use of a glass jar.
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Kirin, the Japanese beer behemoth has made a $1.9 billion takeover bid for Blackmores, Australia's largest vitamins group.
Meta’s shares have popped 12% after they saw an unexpected increase in sales for the first quarter.
Coca Cola is leveraging AI to boost their business operations and stay ahead of competition.
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The former head of the Australian Competition and Consumer Commission reckons that AI companies should be paying for news content from Australian publishers.
Google’s parent, Alphabet, saw its revenue beat expectations thanks to Google Ads, Youtube Ads and Google Cloud.
PepsiCo has kicked off 2023 with a big fizz after its first quarter beat all expectations thanks to major growth in the Indian market.
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Swisse vitamins’ had a very strong quarter of sales after using social media comedians, the Inspired Unemployed, to help boost their new products.
BuzzFeed is shutting down its news division and cutting another 15% of staff after a tough 12 months for digital news publishers.
IKEA is planning a global expansion with a plan to spend $2 billion to expand in the US, which is its biggest investment in a single country.
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The CEO of $US1.3 billion Aussie startup Linktree has said Linktree is not dead in the water after Instagram copied its most popular feature.
Michael Hill, the Aussie jewellery retailer, has acquired its rival Bevilles for $45 million.
Netflix has announced some underwhelming quarterly results after its growth slowed.. But it’ll still be cracking down on its password-sharing… shortly.
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The Reserve Bank of Australia is looking likely to receive a big change with two boards instead of one in a maaaajor overhaul by the Treasurer.
Silk Laser, the skin and laser clinic, is in talks with Wesfarmers’ API for a $169 million takeover bid.
Apple has opened its first Apple store in India as it pushes hard to find a new bestie and push production away from China.
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Rugby Australia is looking for raise $250m from private equity firms globally after seeing the success of New Zealand Rugby.
Samsung is considering replacing Google Search with Microsoft’s Bing as the default search engine on its devices.
Online retail marketplace, Temu, has set its eyes on launching in Australia after being the most downloaded app in the US.
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Sega has acquired the maker of Angry Birds for $776 million USD to grow its presence in the mobile gaming market.
Scams are now costing Australians more than $3 billion a year - but the real figure is likely much much higher.
Apple has introduced a high-interest savings account to push deeper into financial services.
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Coles, Harvey Norman and Myer credit card customers have had their private data exposed in Latitude Financial’s recent cyberattack.
Netflix, Paramount and Amazon may be required to spend up to 20% of their Australian revenue on new Australian programs.
Disney’s latest animated release, Strange World, has lost the studio almost $300 million USD because families prefer to watch on Disney+.
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Coles and Uber Eats have announced their very own one-hour grocery delivery service - days after the collapse of MilkRun.
Twitter is launching a new way for users to charge for access to their content - to keep creators happy and let them add another revenue stream.
Aussie fashion start-up, AirRobe, is launching a new program with the aim of making selling second-hand clothes a little easier
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The Australian Tax Office has found a new way to get people to complete tax returns… and it’s all in the words.
Amazon will remove free returns for some of its online purchases as part of its plan to disincentivise customer returns.
LVMH, the world’s biggest luxury company has reported a 17% rise in their quarter one sales - absolutely smashing expectations.
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EY has scrapped its plans to split up its audit and consulting business arms after it couldn’t get the US partners on board.
Twitter apparently “no longer exists” after Elon Musk merged Twitter with a shell company called XCorp - and this marks the first step in his super app ambitions.
The ACCC wants to see the current merger laws changed to prevent companies from dominating individual markets.
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Milkrun, the speedy grocery delivery company, will close its doors and make all employees redundant after struggling to raise more money in the current market.
The Super Mario Bros movie breaks box office records over the weekend and the share price of Nintendo sees a 4% bounce
Tupperware, the brand behind the kitchenware, is running out of money as competitors take them on
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Viva Energy, the company behind Shell petrol stations, has acquired service station network On the Run for over $1 billion.
Google has made some major updates to its search engine as it starts to face Search competition for the first time in years.
Coca Cola produces $3 billion worth of pure cocaine per year and sells it to dentists
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Richard Branson’s Virgin Orbit has filed for bankruptcy after it struggled to secure long term funding to recover from its rocket failures.
Endeavour Group, Australia’s largest drinks and hospitality company, is bringing their hospo experience into Sydney’s newest e-sports and gaming centre.
Johnson & Johnson, the consumer goods behemoth, has agreed to pay $8.9 billion USD to settle thousands of lawsuits around its talcum powder.
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BWX, the large Aussie beauty and skincare company, is officially in receivership after it lost support from its bank.
Spotify is shutting its live audio app Spotify Live because it no longer makes sense as a standalone app.
Aussie app developers are joining a class action suit against Google and Apple for abusing their market power and charging 30% commission for in-app purchases.
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Coles has acquired two milk processing facilities for over $100 million to secure milk supply
TikTok owner, ByteDance, has pushed their new social media app to the top 10 on US app charts in preparation for TikTok’s country-wide ban
The parent company of UFC is in advanced talks to acquire World Wrestling Entertainment (WWE) in a major deal
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Tesla’s price war in China, the world’s biggest car market, appears to be backfiring…as their #1 competitor starts to thrive big time.
Crocs, the famously ugly footwear, is still dominating post pandemic - suggesting that not all pandemic trends have faded.
Channel Seven has locked in an exclusive deal to air the ICC World Test Championship final, but this deal is all about the audience.
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Logistics company DHL is pushing beyond just carbon offsetting when it comes to cutting their emissions.
Artificial intelligence experts and leaders, including Elon Musk, are calling on developers to pause the development of AI models.
Adidas has parted ways with another one of its major partners - this time, we’re talking Queen B - Beyonce.
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Qantas and Virgin are being called out for gatekeeping Sydney Airport’s runways.
Lithium miner Liontown Resources has rejected a $5.5 billion takeover bid from US giant Albermarle because Liontown reckons it's worth more.
Alibaba plans to split its $328 billion empire into six smaller units - for future growth…. and to keep the Chinese government on side.
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Origin Energy has officially signed a takeover deal worth $18.7 billion after months of to-ing and fro-ing with international investors.
TikTok’s CEO testified before US Congress late last week to put forward his case for TikTok to remain in the US… and it’s right in the balance.
Woolworths has bid “adieu”, “au revoir” and “goodbye” off to its international export business after it just didn’t stack up post-COVID.
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Premier Investments, the owner of Peter Alexander and Smiggle, has achieved record sales despite concerns around discretionary spending.
Foxtel’s been pretty pleased with the viewership numbers of its sports games early this season - but it may have inflated these numbers by as much as 40 per cent.
Deutsche Bank’s share price was hit hard late last week with major fears that it was the next bank in line to collapse.
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Afterpay’s owner Block has been accused of fraud by a well known short-seller investor.
Cosmetics giant Mecca have got themselves in a prickly pickle - realising they’ve underpaid their staff more than $500,000.
Accenture, the tech consulting giant, is cutting 19,000 jobs, approximately 2.5 percent of its global workforce, as demand for its services drops.
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One of Australia’s biggest crypto exchanges believes the recent pain in the US banking industry is a giant opportunity for bitcoin.
The Federal Reserve, aka the Fed aka, the US central bank, has raised interest rates by 0.25% after a shaky couple of weeks in the banking sector.
Netflix hit 1 million US users to its ad-tier just two months after launching, but it's got even bigger plans in its pipeline.
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Woolies is shimmying its way into healthcare through its brand new telehealth platform.
Nike has done it again after raising its expected revenue for the full year and growing market share ….thanks to major slip ups from Adidas.
Intrepid Travel, one of the largest travel companies in Australia, has had its strongest monthly bookings ever, after a couple of years-to-forget in the travel sector.
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An Australian startup that makes hypnotherapy apps has raised nearly $18 million in an oversubscribed capital raise.
Just Cuts, the budget hair stylists across Australia, is making big bucks as shoppers get thrifty.
TikTok has partnered with the Major League Soccer to bring exclusive content to the app…despite being required to present to the US congress this week
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UBS has agreed to buy its arch rival Credit Suisse in a $3.2 billion USD deal, which was brokered by the Swiss government.
Google will no longer sell its smartglasses after they struggled to gain traction, all while Google is looking to cut more costs.
Myer is bringing the undercover cops in-store to crack down on theft in-store and recover their margins.
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Global investment bank Credit Suisse is in turmoil after major investors withdrew their investments from the company.
Aussie lender Latitude Financial has suffered a major cyberattack, and the data of more than 300,000 customers has been stolen.
Luxury watchmaker Rolex is ramping up production of its products big time in order to meet a huge rise in demand
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Xero, the accounting giant, has announced that profitability is its number one focus - and that means major cost cutting on the agenda.
Saudi Aramco, the biggest oil company in the world, just claimed the record for the highest-ever-recorded annual profit by a publicly listed company.
TikTok is considering splitting from its Chinese parent company, Bytedance, if it can’t come to an agreement with the US soon.
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WeightWatchers has acquired a subscription telehealth platform for $132 million USD to expand into remote prescribing of popular weight loss drugs.
Aussies skincare brand, Purely Byron, which was co-founded by model and actor Elsa Pataky, has collapse after less than a year.
eBay has seen a huge spike in purchases of exclusive collectibles on its platform despite the experiencing a cost-of-living crunch.
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The US has seen its largest banking failure since 2008 with the collapse of Silicon Valley Bank - the main bank for mature, funded startups globally.
The US Congress has promised to make all Silicon Valley Bank customers ‘whole’, meaning none of them will lose a cent after its collapse.
The collapse of SVB has caused waves all over the world - including in Australia - and this could create a lasting impact for both businesses startups and banks.
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Kmart is launching its home-brand, Anko, onto the world stage - first stop: Canada!
A former Apple executive has launched a new cashed up startup, which aims to revolutionise the music industry for artists.
Myer is targeting $1 billion in online sales after announcing its best profit result in almost a decade.
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News Corp Australia has asked its Australian employees to give ChatGPT a go and thinks that AI can add “high value opportunities” to its business.
Toblerone has been forced to remove the design of Swiss Mountains from its packing because of rules about its ‘Swissness’.
Amazon has paused plans for its long-awaited new office, which has been four years in the making.
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Altria, the owner of Marlboro cigarettes, has found a new Juul in its nicotine-crown after buying a vaping startup NJOY for $2.7 billion USD.
Lego reported its tiniest increase in profit for the last three years, as it starts to face higher costs without increasing its prices.
Carsales.com is planning to acquire an additional 40% stake in a Brazilian car-selling platform to grow its ownership of the South American market.
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The Reserve Bank of Australia has become a 10-timer… after raising interest rates for the 10th meeting in a row.
Atlassian, the Australian founded tech giant, has announced it will make 5% of its workforce redundant.
TPG Capital, the private equity investor, has purchased just under 18% of Australia’s leading funeral services operator InvoCare and now has a plan to acquire the rest.
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Aussie surf brands Quiksilver and Billabong are expected to be sold this week in a deal estimated to be worth $1.9 billion.
There is a “real possibility” of a $10 billion merger between Bank of Queensland and Bendigo & Adelaide Bank according to Citi brokers.
Things are looking rosy at Salesforce, which announced a better-than-expected growth in revenue and profit for the fourth quarter.
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The Treasurer says businesses need to justify price rises for customers n, and he warned against corporate gouging too while customers are suffering from cost-of-living pain.
Klarna, the BNPL giant, has announced a $1.5b loss.. Just as the company boosts its CEO’s pay by 35%.
The hashtag #BoycottHersheys has been spreading on social media over the last week, thanks to a Women’s Day campaign that Hersheys launched.
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Meta, FKA Facebook, has threatened to remove news from its platform if the government doesn’t revoke or amend the current media bargaining laws.
TikTok will limit daily screen time for teens under the age of 18 as part of a plan to boost the wellbeing of younger users.
Scotts Refrigerated Logistics, one of Australia's largest transport suppliers to Coles and Aldi, has entered voluntary administration.
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Adore Beauty has announced a double-digit drop in revenue even though it’s been trying to become more and more part of its customers’ daily routine.
Snap Inc, owner of Snapchat, is adding an AI feature called “MyAI” to its app in an attempt to grow its 2m premium users.
David Jones has continued its upwards trajectory with its profit from the past six months more than tripling.
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Bunnings has announced its biggest category expansion in over 20 years as it launches a whole new section for pet products.
ASIC, the corporate watchdog, has taken a super fund to court over greenwashing for the very first time.
Pointsbet, the Aussie-born gambling company, has seen its losses balloon to $178m for the past six months as its investment in the US gets more and more exxxy.
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Wendy’s, the American fast food chain, will roll out hundreds of new restaurants in Australia as it plans to grab fast-food market share.
Warner Bros. Discovery announced underwhelming results and not even the success of The Last of Us could save them from a $2 billion USD loss.
Paramount, the owner of Channel 10, has denied that it will look to shut down the network despite its big drop in market share.
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The retailer behind The Athlete’s Foot, Glue and Hype DC has seen demand for shoes boom over the past six months because of their target market.
Block, formerly known as Square, has beaten most expectations for its fourth quarter results and Afterpay has been one of its big hits.
YouTube is launching support for multi-language audio tracks, allowing creators to add dubbing to their new and existing videos.
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The owners of Aesop have said they’re willing to put the brand up for sale, or spin it out for a lazy $2.9 billion.
Nine Entertainment’s group profit was squeezed in its latest half-year earnings as its growing revenue couldn’t keep up with its jumping growing costs.
Following its major cyber attack, Medibank Private has started to recover from its major customer loss last year after its major cyber attack.. But the costs keep adding up.
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Domino’s Pizza’s share price dropped over 25% yesterday after their profit margin was squeezed tighter than a lemon on its last drop.
Wisetech Global, the Aussie logistics software company, has beaten all expectations, after signing major deals and scoring some major acquisitions too.
Coinbase, the major crypto exchange, has had a year from hell after its trading volume collapsed by 50%.
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Qantas has promised that these high airfares are not forever and new competition will force them to drop their prices.
Hasbro, the toy behemoth behind Monopoly and Jenga, announced some not-so-playful earnings and a couple of painful breakups.
TAB has maintained its digital market share for the first time since 2019 - but the macro environment is huurting its business.
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Kmart Group has seen its revenue boom over 20% thanks to a major sales jump in toys, kitchen goods and footwear.
Facebook’s parent company Meta is launching a subscription service called Meta Verified, which gives access to a range of perks - for a pretty penny.
A2 Milk, the Kiwi milk and formula producer, has seen net profits boom due to its re-emergence in China - but it still faces a challenge over there.
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The owner of Rebel and Supercheap Auto hit record sales for the six months to December, thanks to big demand for suave sporting apparel and car maintenance products.
The world’s largest food company, Nestlé, says the price of staple items will rise even more this year.
Westpac is kind of freakin’ out because almost half of its home loans were issued using interest rate buffers that were too small for today’s economic environment.
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Telstra has lifted its profit by 25% thanks to Optus handing over customers on silver platter!
Airbnb is officially bringing home the bacon after its revenue jumped 24% year over year largely due to its wildcard Experiences.
Roblox, the online game platform, has smashed its quarterly earnings because its new games that ain’t just for the kids.
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Treasury Wine Estates, the owner of Penfolds and 19 Crimes, has seen net profit boom by over 70%, but its cheaper brands are still a major red flag.
Subway, one of the world’s most well known fast food brands, has confirmed it’s up for sale.
Coca Cola will raise the price of its drinks and is blaming the high costs of its raw materials… yet Pepsi is in a price halt.
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Temple & Webster, the online furniture retailer, has seen a nearly 50% drop in its net profit as customers become value-conscious.
TikTok is looking to put some content behind paywalls in a plan to grow creator revenue and test a new revenue model
Ansell Limited, the medical glove company, saw its profit drop over 17% because it’s got too much rubber in its warehouse.
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JB Hi-Fi has announced a big jump in sales for the past six months and lifted its dividend by a whoppin’ 20%.
Netflix Australia has been giving back money to some Australian advertisers after falling short of audience numbers.
Binance has seen its dominance in the crypto space grow even further after FTX’s big, bad collapse last year.
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Nine Entertainment will broadcast the Summer and Winter Olympics for the next decade, after paying over $300 million to snag the rights from Seven.
Canopy Growth, one of the world’s largest marijuana producers, will close major operations because it says Canada’s marijuana industry is failing due to competition from a thriving black market.
Toyota, the world’s biggest carmaker, posted a surprise 22% rise in third-quarter operating profit last week, partially thanks to a… weaker Japanese yen.
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ANZ Bank is dishing out $50 million for a minority stake in real estate listings business named View Media Group.
Uber has announced a huge bump in fourth quarter earnings and it seems like this inflation-thing ain’t looking too bad for old Ubey.
Disney, under its new-old leadership, has cut 7,000 jobs in a restructuring that is planned to save them $7.9 billion.
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Australia Post has announced its first full-year loss since 2015 and it has pointed its red finger squarely at good old fashioned letters.
Suncorp Group, part lender part insurer, has announced a major jump in profits for the past six months.
BP, the global oil giant, is scaling back its clean energy goals and deepening its investment in oil and gas as its profits soar.
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The world’s largest gold mining company has bid $24 billion for its Australian rival Newcrest.
Alphabet, the parent company of Google, will launch an AI chatbot service to compete with ChatGPT over the next few weeks.
Meta, the company formerly known as Facebook, saw its share price jump over 25%after announcing that 2023 is the “year of efficiency”.
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The owner of Boost Juice and Betty’s Burgers will sell the majority of its business to a private equity company - and this values the business in the hundreds of millions.
Disney is licensing shows to free-to-air TV networks, like 7 and 9, in Australia because cash is king.
Virgin Australia is on the road to a public listing once again after it’s first full year profit in a decade.
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Today, we’re having a slice of the much-loved and culturally important global music industry.
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Today, we’re having a slice of Australia’s media industry... its history, evolution and potentially shaky future.
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Today, we’re having a slice of the economics of the FIFA World Cup. How much could Australia's economy generate when we co-host the Women's World Cup in 2023? So many questions, about 5 minutes of time.
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Today, we’re having a slice of the rapidly growing car subscription market.
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Today, we’re having a slice of the world famous ChatGPT and of the long-term economic impact of AI.
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Today, we’re having a slice of the recent (and rapid) growth of the Aussie pub industry. What a ride!
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2022 was major year for this space. Today, we’re looking at some of the biggest crypto stories from 2022.
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How the mighty have fallen. Today, we’re looking at some of the biggest crypto stories from 2022.
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Despite uncertainty across the world, financial services has remained pretty stable in 2022. Today, we’re looking at some of the biggest finance stories for 2022.
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It was a weird and wonderful year for the media industry in 2022.
Today, we’re looking at some of the biggest media stories for 2022.
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Flux fam, we are back with another WTF recap episode!
Before we return to our daily bite sized business news, this week it is all about the best stories from 2022.
Today, we’re looking at some of the biggest startups stories from 2022.
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Flux fam, we are back with another WTF recap episode!
Before we return to our daily bite sized business news, this week it is all about the best stories from 2022.
Today, we’re looking at some of the biggest retail stories from 2022.
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Flux fam, we are back with another WTF recap episode!
Before we return to our daily bite sized business news, this week it is all about the best stories from 2022.
Today, we’re looking at some of the biggest tech stories from 2022.
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Flux fam, we are back with another Flux recap episode!
Before we return to our daily bite sized business news, this week it is all about the best stories from 2022.
Today, we’re looking at some of the biggest Aussie stories for 2022.
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Flux fam, we are back with another WTF recap series!
Before we return to our daily bite sized business news, this week it is all about the best stories from 2022.
Today, we’re looking at some of the biggest mergers and acquisitions that took place in 2022.
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The $1.5b merger between Superhero and Swyftx is officially dead in the water.
Nike has reported its best quarterly revenue growth in over a decade - barring one quarter - and handily beat profit expectations.
City Chic, the speciality women’s fashion retailer, has seen its share price drop almost 30% over the last few days to wrap up the year after poor results.
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Domain Group, the digital property platform, has warned of a 21% hit to its profit and it’s pointing the finger at Sydney and Melbourne specifically.
BWX, the owner of several skin care brands including Zoe Foster Blake’s Go-To business, saw its shares drop over 50% this week after some ugly results.
The ‘dark patterns’ in gaming sensation Fortnite have led to the largest FTC penalties of all time.
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David Jones has been sold to private equity investor Anchorage Capital Partners.
Twitter has announced it will ban links to other social media services and suspend accounts that try to link users to other platforms.
Future Fund, Australia’s sovereign wealth fund, is looking to change its investment style to get into riskier asset classes.
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The corporate regulator has sued a company owned by of comparison site Finder, which offered a crypto product in its app.
The Bank of England (BoE) and the European Central Bank (ECB) increased interest rates last week by less than the world was expecting, in what could be the start of some good inflation news.
For the first time in over ten years, the mobile games market shrunk in size this year.
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The administrator of Deliveroo Australia has revealed it never turned a material profit in Australia, and it accumulated losses of more than $120 million this year.
Amcal owner Sigma Healthcare is keen to ramp up competition against big dog rivals Priceline and Chemist Warehouse - with a revamp of Sigma’s very own chemist chains.
Binance Australia has been fined more than $2 million for sending millions of spam emails, as the company fights for dear life.
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Woolworths has sold more than $600m worth of its shares in the company that owns Dan Murphy’s as it gears up for a new potential investment.
Apple is reportedly planning to allow alternative app stores on its iPhones and iPads in the European Union after new laws were put in place.
Binance, the largest crypto exchange in the world, has been hit with a major outflow of funds after customers continue to lose confidence in exchanges altogether.
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Tyro, the 5th largest provider of eftpos services in Australia, has rejected two bids from two separate potential buyers... and some investors were a little bewildered.
US tech company Microsoft has just agreed to buy 4% of the London Stock Exchange Group in a $2.8 billion USD deal.
Getir, the European instant grocery delivery app, has acquired its competitor Gorillas for $1.2 billion USD, as the instant delivery market become oversaturated.
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Australia’s Treasurer Jim Chalmers is looking at imposing additional penalties for corporate "greenwashing" because companies aren’t entirely honest with it.
Brad Pitt has sold the majority of his production studio Plan B Entertainment to Mediawan for a whopping amount.
Twitter will soon release controls that let companies prevent their ads from appearing next to tweets containing certain keywords.
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Wesfarmers has locked in a new partnership with Disney, which will see Disney+ included in Wesfarmers’ OnePass loyalty program.
Oil giant Exxon has raised its annual share buyback to $75B (AU), just weeks after it posted its highest profit in its 152-year history.
Consumers are getting ready to say bye bye to jewellery and luxury goods spending, according to management consulting giant McKinsey & Co.
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Australian billionaire Andrew Forrest has finalised the biggest acquisition in the history of Australia’s clean energy industry… by buying a company for more than $4 billion.
China is scrapping some significant covid restrictions, as the economic impact of its lockdowns start to really hurt its own economy.
Loving Earth, the Aussie plant-based chocolate maker, has raised money from its own customers to give it the chance of survival post pandemic
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Uber Australia will pay a $21 million fine after it admitted that its estimated fares were incorrect and it misled its customers with possible cancellations.
NAB has seen demand rocket for electric vehicles loans and solar panels loans as the enormous energy costs start to hurt consumers and businesses.
The US and New Zealand are the latest countries to consider introducing a law that will require big tech companies to pay media companies for their content.
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Domestic airfares have reached a 15-year high… and so, the big, bad bustling ACCC has put Aussie airlines on notice.
A new AI chatbot called ChatGPT has been created released, and some believe it could put us all out of a job pretty soon.
Australia is in the midst of a champagne shortage after an explosion in demand during COVID lockdowns and reduced supply.
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NBN Co, the government-owned company behind our NBN internet, will write off at least $31 billion that will allow it to cut wholesale internet prices in the future.
Maccas reckons it has the formula for the future of drive thru and it has just gone live with its first real-world experiment.
Netflix Is expanding Its ‘Preview Club’ to let more people watch upcoming shows and movies early.
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Telstra is putting the launch of its new retail energy business on hold until at least the middle of 2023.
Airbnb is partnering with landlords and renters to boost the supply of available Airbnb apartments.
CommBank is coming out swinging and is taking on both payment companies and big banks with its brand spankin' new payment product.
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Domino’s Pizza Enterprises, the company behind Domino’s Pizza in Aus, is raising up to $165m to take full ownership over its pizza business... in Germany!
Doordash has laid off 1,250 staff - including Australian employees - as another big food delivery company feels the burn.
Spotify has released its Wrapped campaign for 2022 and it’s got the internet wagging its fingers… posting left, right and centre.
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Bunnings is facing major warehousing costs after sales for its outdoor category and gardening have been struggling due to poor weather.
Balenciaga, the luxury fashion house, has copped major heat from customers and celebs for its controversial ad campaign that showed children alongside very inappropriate objects.
Amazon will draw on its retail expertise to help other retailers boost sales… if they use Amazon Web Services.
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Aussie retailer Strandbags is flicking its 95-year-old brand identity, and they’re doing it ‘for the next generation’.
Australian companies that are spending on cyber insurance could rise by 70% to more than $800 million in the next two years as companies seeking protection against hackers.
Aussie tech start-up FrankieOne has scored $23 million in funding from major crypto investors for their regulatory tech.
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Mars Wrigley, the makers of Snickers, Mars, and Maltesers is transitioning to paper-based packaging in 2023.
Beauty retailer BWX has delayed releasing their financial accounts and is seeking additional debt funding to keep itself afloat.
China’s daily Covid infections reached an all-time high and another economy-sapping lockdown could be on the cards again.
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Australia has signed a chunky new trade deal with India - in the hope that Australia can reduce its dependency on China for trade.
The Australian Retailers Association reckons consumers have spent around $6.2 billion over the Black Friday / Cyber Monday shopping bonanza!
As the World Cup rolls into its second week, host Qatar continues to create more controversy…but sponsors are still sticking fat (for now).
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Harvey Norman has revealed its sales have actually jumped nearly 7% in the first four months of this financial year and so, it plans to go big in Malaysia now.
Amazon plans to invest $1.5 billion a year into movies that will go directly to cinemas, rather than its own streaming service.
Zoom has announced its revenue has slowed to just 5% year over year so now, it’s focused on larger enterprises rather than consumers for its moula.
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Qantas has increased its profit forecast as massive demand for flights continues to make Qantas great again.
Coles has launched its own one hour click and collect and says DoorDash and Uber will help it succeed in the space.
Disney has put the knife to its CEO and is welcoming back its previous CEO… in a back to the future move that saw its shares jump.
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Iris Energy, a massive Australian-born bitcoin miner, has defaulted on $163m worth of debts on its crypto mining equipment.
Penguin Random House and its rival Simon and Schuster have scrapped their $2.2 billion USD merger after a judge ruled it would reduce competition.
Morgan Stanley, the global investment bank, has launched a $1 billion private equity fund for the climate space.
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Five major streaming services are upping their spend on Aussie content to attract new subscribers as the government announces a new content quota for the industry.
NIB, the health insurer, has seen its profits rise off the back of angry Medibank customers making the big switch.
Gap, the giant retailer, has beaten profit estimates and has seen its share price rise by over 8%, but it’s not looking pretty for the next 12 months.
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Webjet achieved a $4 million profit for the six months to September, which is quite the 180 from its $60 million loss at the same time last year.
Australia’s biggest producer of wagyu beef says it will ‘keep pushing’ its prices up… regardless of where cost of living goes.
Aussie mining behemoth BHP has reached deal to buy another giant Aussie company, Oz Minerals, for $9.6B.
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David Jones’ South African owners have celebrated a 55% increase in sales this financial year so far.
Estee Lauder has acquired the Tom Ford brand for a whopping $2.8 billion after taking a particular interest in the company.
Airbnb is turning its attention to improving the experience for hosts as it looks to build up the supply of accommodation on the platform.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Deliveroo Australia has been placed in administration and the food delivery platform in the country will be turned off.
Oatly, the oat-milk maker, has warned that its revenue isn’t looking so tasty pretty because consumers are reigning in their spending.
Warren Buffett’s Berkshire Hathaway has announced a $4.1 billion USD investment in a Taiwanese chipmaker and its shared jumped 8% on the news.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Deliveroo Australia has been placed in administration and the food delivery platform in the country will be turned off.
Oatly, the oat-milk maker, has warned that its revenue isn’t looking so tasty pretty because consumers are reigning in their spending.
Warren Buffett’s Berkshire Hathaway has announced a $4.1 billion USD investment in a Taiwanese chipmaker and its shared jumped 8% on the news.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
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Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Deliveroo Australia has been placed in administration and the food delivery platform in the country will be turned off.
Oatly, the oat-milk maker, has warned that its revenue isn’t looking so tasty pretty because consumers are reigning in their spending.
Warren Buffett’s Berkshire Hathaway has announced a $4.1 billion USD investment in a Taiwanese chipmaker and its shared jumped 8% on the news.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
CBA has reported very solid financial results for the September quarter as bad debts drop (even as interest rates have gone up)!
Following FTX’s downfall, investors have started pulling funds from fellow crypto exchanges like Crypto.com.
Unilever, the global manufacturing giant, has raised the prices of their products much faster than rivals P&G and Nestle over the past year and there is one big fat key reason why.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
CBA has reported very solid financial results for the September quarter as bad debts drop (even as interest rates have gone up)!
Following FTX’s downfall, investors have started pulling funds from fellow crypto exchanges like Crypto.com.
Unilever, the global manufacturing giant, has raised the prices of their products much faster than rivals P&G and Nestle over the past year and there is one big fat key reason why.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
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Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
CBA has reported very solid financial results for the September quarter as bad debts drop (even as interest rates have gone up)!
Following FTX’s downfall, investors have started pulling funds from fellow crypto exchanges like Crypto.com.
Unilever, the global manufacturing giant, has raised the prices of their products much faster than rivals P&G and Nestle over the past year and there is one big fat key reason why.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Adore Beauty has seen a 29% slide in its first quarter revenue as shoppers transitioned back from online shopping to the stores-of-old.
Amazon is looking to cut costs after it lost $3 billion USD this year... and the first team on the chopping block is Team Alexa.
Bumble has seen its growth slow down because zillennials have cut back on paid app-features and are getting thrifty with dates.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Adore Beauty has seen a 29% slide in its first quarter revenue as shoppers transitioned back from online shopping to the stores-of-old.
Amazon is looking to cut costs after it lost $3 billion USD this year... and the first team on the chopping block is Team Alexa.
Bumble has seen its growth slow down because zillennials have cut back on paid app-features and are getting thrifty with dates.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Adore Beauty has seen a 29% slide in its first quarter revenue as shoppers transitioned back from online shopping to the stores-of-old.
Amazon is looking to cut costs after it lost $3 billion USD this year... and the first team on the chopping block is Team Alexa.
Bumble has seen its growth slow down because zillennials have cut back on paid app-features and are getting thrifty with dates.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Westfield shopping centres are finally flying again after two long and painful years.
Nintendo is expanding its product universe, and even its industry universe, in a highly creative new way.
Vanguard, the global investment giant, has launched its own superannuation product in Australia, rolling out a new fund that it claims is one of the market’s cheapest.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Westfield shopping centres are finally flying again after two long and painful years.
Nintendo is expanding its product universe, and even its industry universe, in a highly creative new way.
Vanguard, the global investment giant, has launched its own superannuation product in Australia, rolling out a new fund that it claims is one of the market’s cheapest.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Westfield shopping centres are finally flying again after two long and painful years.
Nintendo is expanding its product universe, and even its industry universe, in a highly creative new way.
Vanguard, the global investment giant, has launched its own superannuation product in Australia, rolling out a new fund that it claims is one of the market’s cheapest.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Origin Energy, one of Australia’s largest power and gas suppliers, has received an $18 billion takeover offer.
RM Williams has seen its sales jump by 17% for the 12 months to June, and it plans to become a ‘greener’ company in the future.
Meta, the company formerly known as Facebook, is laying off 13% of its staff (or around 11,000 people) to withstand a downturn in the economy.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Origin Energy, one of Australia’s largest power and gas suppliers, has received an $18 billion takeover offer.
RM Williams has seen its sales jump by 17% for the 12 months to June, and it plans to become a ‘greener’ company in the future.
Meta, the company formerly known as Facebook, is laying off 13% of its staff (or around 11,000 people) to withstand a downturn in the economy.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Origin Energy, one of Australia’s largest power and gas suppliers, has received an $18 billion takeover offer.
RM Williams has seen its sales jump by 17% for the 12 months to June, and it plans to become a ‘greener’ company in the future.
Meta, the company formerly known as Facebook, is laying off 13% of its staff (or around 11,000 people) to withstand a downturn in the economy.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
Download the free app (App Store): http://bit.ly/FluxAppStore
Download the free app (Google Play): http://bit.ly/FluxappGooglePlay
Daily newsletter: https://bit.ly/fluxnewsletter
Flux on Instagram: http://bit.ly/fluxinsta
Flux on TikTok: https://www.tiktok.com/@flux.finance
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
News Corp, the media behemoth, has seen its income fall 75% in the last quarter after a major drop in its pay TV and publishing divisions.
Disney celebrated growth in its streaming subscribers in the last quarter… but lost over $1.5 billion USD to get there.
Binance, the largest crypto exchange in the world, has just announced a plan to take over FTX, the third largest crypto exchange, in one of the biggest pieces of crypto news…EVER!
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Westpac has announced a slight fall in its full-year cash profit but still managed to rake in $5.3 billion for the year.
Estee Lauder’s most recent quarterly sales figures have dropped by 11% after a cut back in cosmetic spending.
Travel app Hopper has raised $96 million to double down on social commerce after a big few months in the travel industry.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
See omnystudio.com/listener for privacy information.
Coca-Cola Amatil is in a battle for coal royalties worth $80 million with mining mammoth Glencore.
Atlassian’s share price has plummeted over the past few days after some disappointing earnings and this was its largest one day share price fall ever.
Coopers Brewery, the largest Australian-owned brewery, reckons new products and geographic expansion is the key to get it back on track after its sales took a hit last financial year.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Ralph Lauren is launching a fashion collaboration with gaming platform Fortnite as retailers invest in digital partnerships to attract young shoppers.
AustralianSuper believes the government needs come up a ‘radically different’ model for super retirees.
Global shipping giant Maersk has reported blockbuster quarterly results, but if you look over the horizon, revenue could start to sink soon.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Two of Australia’s biggest betting agencies, Sportsbet and Bet365, may face multimillion-dollar fines following after an audit authorised by Australia’s financial crime watchdog.
Airbnb has broken one of its own financial records after a huge northern hemisphere summer… but now, investors are little more concerned about its prospects.
Johnson & Johnson is buying a heart device maker named Abiomed for around $17B USD in its biggest deal in almost six years.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Amazon Prime’s millions of members are getting access to a full music and podcast library.
The Australian Treasury department is looking at buy now pay later again with an eye to require credit checks for ALL customers.
Elon Musk has officially been Twitter’s owner for just under a week and he’s already making waves with sackings, hirings and reboots.
Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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The Big 4 banks are considering a collab with the federal government to launch a 400m social impact investment bank in Australia.
MrBeast, the hugely popular content creator, is trying to raise $150 million for his business, which would value the company at $1.5 billion USD.
Andreesen Horowitz, the famous Silicon Valley venture capital fund, has seen a 40% drop in its crypto fund… but it’s telling the market to be patient.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Westpac has committed to spending millions and millions on rugby league in order to attract banking customers and sell more loans.
Self-driving car tech company Mobileye had it long-awaited IPO last week, and day 1 saw its shares soar 38% in the year’s strongest US IPO.
Apple has hiked the prices of its music and TV+ services for the first time since they launched - and it comes at a very peculiar time.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Seven West Media has found a new partner in content-crime with a new partnership with US giant NBCUniversal - so welcome 7Bravo.
Meta, formerly known as Facebook, has announced some pretty crazy results with its revenue looking good.. and billions being poured into the metaverse... but no returns yet.
ANZ has announced a full year cash profit up 5% to over $6.5 billion thanks to the Reserve Bank and its rapid cash rate rises.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Medibank has revealed that all 3.9m of its customers were hit by its recent cyber attack.
Kanye West, now known as Ye, has been broken up with by Adidas after a number of racist and controversial comments over the past few weeks.
Coles has reported accelerating inflation again at its supermarkets and now the prices for fresh food are rising to new heights.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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The federal budget has shown off a $42 billion improvement to the government’s bottom line over four years, but there won’t be any direct assistance around cost of living pressures.
Correction: The deficit is expected to reduce to just $36.9 billion.
The government is looking at imposing tough new rules on the vaping industry, as a new analysis shows that regulating vapes could deliver an $800m budget boost.
Brazil’s Minerva Foods is buying Australia’s very own Australian Lamb Co for a whopping $400m.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Netball Australia is facing a sudden and major $25m sponsorship loss as Hancock Prospecting pulls out of a much needed sponsorship deal.
The owner of Aussie streaming service Stan has said Stan is not for sale... but we are very open to strategic partnerships.
7-Eleven is re-committing to the long term viability of petrol via a brand new deal with oil giant ExxonMobil.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Virgin Australia has some bold plans to expand its international travel offering, as the rise in demand for travel gives Virgin some much needed confidence.
Hermes, the luxury brand behemoth, is popping bottles with a 24% rise in total revenue, as high-end brands continue to win win win in this economy.
Klarna, the buy now pay later platform, is launching shoppable video as e-commerce (slaaash lending) companies try to become social companies too.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Chemist Warehouse has had a monstrous year, with a record net profit of $385 million.
Uber has announced the launch of a new advertising division that will sell ad space through its app, rides and more.
TikTok is making updates to its livestreaming platform by restricting viewership of livestreams to 18 and older.. While also adding an adult-only broadcast.
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Guzman y Gomez, the Aussie-born Mexican chain, is now worth $1.5 billion after a secondary share sale.
Hasbro, the monster-size toymaker and entertainment company, has seen its earnings plummet for the last 3 months.
Netflix’s shares have skyrocketed after it announced delightful results - and finally an increase in net global subscribers.
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Tyro, the Aussie payments business, has suddenly become the most popular kid at the playground - with both Westpac and a private equity investor looking to snap it up.
Kanye West - aka Ye - has announced he’s going to buy conservative social media site Parler because he’s been banned from Twitter and Instagram.
Amazon is introducing new weekly live-streamed concerts as part of Amazon Prime Video to ramp up the streaming wars.
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Online retailer MyDeal is Australia's latest hacking victim, and 2.2 million of their customers may have had their data exposed.
Star Entertainment Group has had its Sydney casino licence suspended and could face up to $100m worth of fines.
The two major companies in the Murdoch media empire, News Corp and Fox, are planning to reunite after splitting up in 2013.
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Netflix’s new ad-based plan is going to launch in Australia next month.
NAB is claiming to be the first major bank in the universe to allow small business owners to accept payments directly from their mobile phones.
Skydance Media, the Hollywood studio behind "Top Gun: Maverick," has raised $400 million USD in new funding at a valuation north of $4 billion USD.
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Telstra’s shareholders have voted to divide the monstrous business into three fully discrete subsidiaries... with one parent! And it could lead to a big payday for its shareholders.
Qantas has a real spring in its step after releasing a quarterly update to investors that shows it’s gonna be back in black sooner than expected.
General Motors is launching an energy storage business that takes its rivalry with Tesla to the next level.
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Uber Australia has announced a new partnership that will allow Uber drivers to buy an electric vehicle and they’re slinging some rewards to drivers as an incentive.
BMW is partnering with a gaming platform to bring single and multiplayer games to new vehicles from next year.
TikTok is looking to create a whole new logistics and warehousing network to help grow it’s e-commerce biz… so it ain’t just a silly social media app no more.
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Aussie fintech Airwallex has raised $100m US for acquisitions because it reckons now is a good time to snap up cheap software companies.
YouTube users will finally have a new way of identifying themselves after YouTube announced that custom name handles will be rolled out.
Baby Bunting’s investors are not going ga-ga for its latest results after a major drop in its profit margin.
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Cotton On has proven that good retail businesses can still grow in a very big way after its profits doubled for the last 12 months.
Tabcorp has taken a $33m punt by acquiring a 20% stake in a social media betting app called Dabble.
Dubber Corp, an Aussie voice technology company, has ‘restated’ its revenue figure from its preliminary results... and investors have sold their shares in a panic.
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Peloton, the at-home exercise bike, has about six months to save itself from destruction, according to its CEO.
Spotify has acquired a machine learning company called Kinzen to try and find misinformation in podcasts and stamp it out.
Coles is still expecting a big splurge come Christmas time and isn’t expecting a major pull back on spending until 2023.
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An online social gaming company named Virtual Gaming World is now the sixth largest private company in Australia after releasing its annual revenue.
Nestle has announced a $1 billion USD commitment to protect coffee from the climate crisis, and help its coffee suppliers adopt sustainable farming.
Apple will have to change its iPhone charger in the European Union after a new reform was passed that requires a single charging port for most electronic devices.
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Asahi, the beer and soft drinks behemoth, has acquired StrangeLove, the Australian, premium, low-calorie, soft drink company.
YouTube is in discussions with streaming broadcasters about a new product that it wants to launch in Australia, which could be interpreted as a cheeky attempt to control our home TVs.
Big Tobacco is re-entering the vaping industry as the maker of Marlboro cigarettes, Altria, ends its non-compete with Juul.
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The Reserve Bank of Australia has gone six-in-a-row, raising the cash rate by 0.25% to 2.60% and it’s getting a little too close to comfort for many home owners.
A 3 year-old company that sells water has just raised $70m USD and is now valued at over $700 million USD… for plain, old water.
Mobileye, which is Intel’s tech company in the self-driving car space, has filed for an IPO - and this IPO is is expected to be this year’s largest IPO so far.
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Ikea is shrinking stores in Australia and around the world in an attempt to keep up with the economic times - and keep their customers too.
Porsche made its much anticipated debut on stock market last week - and what a pleasant surprise that was for its big name owner (hint: it's VW).
H&M, the global fashion retailer, is sounding the alarm on its falling profits, and it all follows their big decision to abandon the Russian market.
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Treasury Wine Estates has announced the launch of a new Chinese-made Penfolds wine to replace its Chinese exporting business.
Biogen, a US based biotech company, has announced a successful Alzheimer’s trial and as a result its share price boomed 40% on the news.
Lego has continued to see its blocks shine bright like a diamond after a 17% uplift in revenue for the first six month of 2022.
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AGL Energy will close its biggest carbon emitting power plant a decade earlier than originally planned following a big push from its largest shareholders.
Premier Investments, the company behind Smiggle and several other big name retailers, has announced record sales for the past 12 months, and now has issued a special dividend.
Hertz, the car rental company, has partnered with oil giant BP to build a network of charging stations for the growing number of electric vehicles here on earth.
Quick Sticks is back baby. Play today (and every Friyay) for a chance to win $$$:
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Thrills, the Byron Bay based clothing brand, has been sold to retailer Universal Store for quite a whopping sum.
Christie’s, the old school auction house, is launching two new divisions - Department X and Christie’s 3.0 - to capitalise on the new age of collectibles.
Walmart is getting a slice of the metaverse pie with two new digital lands - targeted at kids and teens.
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Sigma Healthcare, Australia’s biggest pharmaceutical wholesaler, is saying goodbye to Guardian Pharmacies after a pretty disappointing year.
Netflix is tweaking its payment terms for some of its TV specials - as part of its plan to trim costs and reduce its upfront risk.
The British pound has fallen off a cliff and is facing its biggest currency crisis in over 40 years.
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Costa Group, Australia’s largest fresh produce grower, has seen its CEO step down after just 18 months - and investors did not like the sound of this.
SPAC season is officially over after one of the leaders in the space announced he was closing two massive SPACs after struggling to find any good deals.
Nio, one of the largest electric vehicle companies in the world, has just invested a significant chunk in a small Brisbane-based lithium miner.
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Optus was hacked late last week and has now warned nearly 11 million of its customers to be vigilant over the next couple of weeks.
Spotify has announced the launch of a brand new premium feature called Audiobooks with over 300,000 titles.. And take on Audible.
Get ready for no more Coles Express petrol stations because Coles is waving a big goodbye to its petrol business -and is selling the biz to its long term partner.
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The owner of retail brands Kathmandu and Rip Curl is celebrating the back end of the pandemic - with sales in August up 44% compared to last year.
Who Gives A Crap, the Aussie online toilet paper company, is expanding its product range once again.. and it is also doing big things overseas.
The Australian Competition and Consumer Commission has greenwashers in its firing line.. and it’ll even resort to internet sweeps to clean up the industry.
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Andrew 'Twiggy' Forrest is back at it again - this time, he’s looking to acquire a stake in Rugby Australia to get in on one of Australia's major sporting codes.
Uber’s internal systems have been hacked - by an 18 year old - and it forced Uber to take all its internal systems offline.
YouTube Shorts is gearing up to announce an ad revenue-sharing model with creators that could revolutionise the game and shake up the short-form content world.
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Four'N Twenty, Lean Cuisine and a number of other Aussie brands have been snapped up by a Hong Kong investment firm.
The founder of Patagonia, the outdoor clothing and apparel company, has given the $4.4 billion company away to an environmental trust.
Adobe, the maker of Photoshop, is buying the popular design tool Figma for $20B USD.
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Tinder is celebrating its 10th anniversary in Australia, and it seems like the feeling is mutual, because Australia is one of its biggest markets.
The crypto world was watching on with eagle eyes yesterday after the long-awaited Ethereum merge finally took place - and it could go a long way towards making crypto greener.
T2 - the fancy tea merchants - is going global and the company reckons sustainability will help them get there.
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Canva has announced a massive product expansion that will pit its product directly against Microsoft and Google for large business and enterprise customers.
Christmas may have come early for Instagram creators who are getting “Gifts” as part of a new tipping feature that could become a key part of Instagram Reels.
Ferrari has finaaaaally succumbed to the SUV trend after resisting for years and years.
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IFM, the huge investment fund that owns part of Melbourne airport, says the values of Aussie infrastructure assets will plummet if they don’t go green fast.
Search.io, an Aussie AI search startup, has been acquired for more than $100 million.
Starbucks is creating a blockchain-powered ‘odyssey’ program, and they swear it’s more than just a gimmick.
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The Sydney Fish Market is launching an online marketplace and expects to double its sales each year.
Roblox - the gaming platform - is throwing a biiiiig chunk of extra cash into its creator fund.
The White House has released a HUGE report on crypto’s environmental impact… and it wants the industry to clean itself up pronto.
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Metcash, the distributor for IGA supermarkets, has seen its sales jump nearly 9% over the last few months as Aussies continue to shop local post-lockdown.
Kellogg’s is looking to spread its wings into a new cereal category named 'just-add-water'.
EY, the professional services firm, is having its partners vote on whether to split the global company in two - and this could have big ramifications for the entire industry.
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SPC has announced a $14 million pre-tax profit just 3 years after it was sold by Coca-Cola Amatil (as a loss-making business).
Apple has had its annual iPhone launch and has announced a new iPhone, Apple Watch and Airpods.
Russia has officially cut off Europe from its gas supply indefinitely, and now it has turned its war against Ukraine into an economic weapon against Europe.
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Armaguard and Prosegur, two of Australia’s cash van connoisseurs, want to merge together to stay alive.
The D’Amelio family is launching a 100% family-owned brand with all their juicy TikTok money and exposure.
In 2022, twice as many Aussie workers are as financially stressed as they were in 2020, according to a new report.
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Kraft Heinz, the owner of some of the world’s, and Australia’s, biggest brands might be selling off its huge $1 billion Aussie and NZ business.
Porsche, the luxury carmarker, is looking to leave the Volkswagen nest and go public in one of the biggest IPO’s in German history.
Ireland just fined Meta, the owner of Facebook and Insta, a massive $591 million for being too lax with childrens’ data privacy.
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Dan Murphy’s has told Aussies to come in for a slab of beer and stay for an on-the-spot job interview as part of its plan hire 2200.
The Australian Federal Police has set up a new unit specifically to target crypto criminals.
Foxtel and Seven are looking likely to will keep the AFL broadcasting rights and it could land for around $3 billion.
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The Aussie founders of Stake.com, the world’s biggest crypto casino, are being sued for $580 million bucks.
Samsung is integrating AI and smart tech in their fridges and washing machines to help its customers use less power.
Gatorade, the company known for its sports drinks, is entering the energy drink category - with a caffeinated number named Fast Twitch
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David Jones has seen its sales and profits bounce back over the last couple of months, and now, it has opened itself up for a potential sale.
Disney is exploring its own loyalty program, which will give special membership access across all of its millions of products.
Snap has missed its revenue goals by a country mile, so now, it's laid off 1 in 5 staff members across the company.
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Webjet is popping bottles after its travel bookings reached 95% of its pre-pandemic levels.
Superannuation products from four super funds will be forced to close to new members after they failed a key performance test for a second straight year.
PointsBet, which has Shaquille O’Neill as its ambassador, has announced a loss of $267m for the last 12 months.
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Cettire, the Aussie luxury fashion retailer, has broken its revenue record, but it's still burning cash.
UniSuper might be breaking the law after investing more than $160m in an oil and gas producer.
The head of the federal reserve says US interest rates will continue to rise… and investors are SPOOKED.
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Adore Beauty - the skincare and makeup e-commerce brand - has seen its profit jump this year, but the company reckons it’ll face sliding profits over the horizon.
Netflix, Disney and several other movie studios are taking Aussie internet providers to court over video piracy.
Peloton, the connected-fitness equipment company, has rolled its way to a $2.8b USD loss for the last 12 months to June 30.
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Wesfarmers, the Aussie conglomerate, has released its results for the last financial year, and let’s just say it is makin’ it work, but it ain’t quite partying like its FY21.
Afterpay is shutting down its Money app after just 12 months, but supposedly, it’s not because it ain’t performing well.
Doordash just got hacked and now they join a list of large companies that have been hacked recently.
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Qantas has posted an underlying loss of $1.9 billion bucks before tax for the past financial year, but Qantas reckons things will turn around once they sort out staffing issues.
Nine Entertainment has announced a bumper profit of $315 MILLION, buuuut Stan hasn’t nailed its numbers yet despite growing its user base.
US President Joe Biden has promised to spend between $US400 billion to $US600 billion to cancel student debts for nearly 40 million Americans.
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Coles has released its yearly earnings, which continues to rise, but the real talking point was food inflation… it ain't over yet folks.
Tabcorp, Australia’s largest gambling company, has claimed a major win by gaining market share in the competitive gaming market (after years of falling behind).
Instagram has gone into full clone mode again, but this time, it’s copying a new app called BeReal - which has taken the US by storm!
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Endeavour Group, the daddy of Dan Murphy’s, has announced a more than 12% revenue growth since 2020 - and it’s partly thanks to an uptick in non-alcoholic drink sales.
The Reject Shop has been doing it tough lately, but now, economic woes are looking like a golden opportunity.
3,000 workers at giant car company Ford Motor will lose their jobs as the company cuts costs big time.
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Medibank is going all in on becoming a hospital owner - and they’ve got the cash to back it up.
Shopify will begin lending to the small businesses that are selling on its retailing platform.
Embracer, a Swedish gaming company, has bought the Lord of the Rings IP, so get ready to spend more time in Mordor.
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AGL has had a seriously rough start to the year but is still technically back in the black in its full-year earnings.
Qantas’ deal to take over FIFO specialists Alliance Airlines for over $600m is in trouble thanks to the consumer and competition watchdog’s bark.
Norway’s sovereign wealth fund has copped a $250 BILLION loss in just 6 months from January to June this year - and yep, that’s a record.
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CSL, the Australian born biotech company, has announced its second-largest annual profit in its history... after having a pretty rough time during COVID.
Xero, the cloud-accounting platform, has warned its subscriber growth in the UK ain't so great, and investors whacked its share price down by over 7%.
Amazon is launching a new feature internally and this feature seems eerily similar to a product of another company... by the name of TikTok.
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Apple’s got a new plan to protect your privacy, but Apple also plans to make a hell of a lot more money, so look out for more ads on your iPhone.
Super Retail Group, the owner of Rebel, BCF, MacPac and many more brands, is growing their revenue once again - but their profits are somehow shrinking.
Shopify is launching a new collaboration platform that will help connect creators and influencers with businesses looking to sell more goodies.
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SEEK has achieved an 81% jump in profits thanks to record job ads in Australia and NZ.
DoorDash and Facebook Marketplace have launched a new collab that lets Doordash buyers pick up your Marketplace purchase.
WeWork founder (and all round controversial bloke Adam Neumann) has scored $350 million for his new startup.
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Twiggy Forrest - the Aussie mining magnate - is launching a new health tech fund, and a bunch of that cash is going straight to MDMA research.
Google’s in big trouble with the Aussie consumer watchdog after being dishonest about data sharing.
Uber is shutting down Uber Rewards, its OG incentive program and ushering in a new world. of Uber One.
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Resmed, the sleep apnoea company, has seen its profits soar 64% this year thanks to one of its competitors battling a product recall.
Crypto queen Paris Hilton is building her Metaverse Malibu mansion, and it is on a platform named Sandbox.
Meta, the legal guardian of Facebook and Insta, is testing a new chatbot named BlenderBot Three, and yes it does sound just like how people on the internet talk.
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Telstra has decided to give its shareholders a bit more love by lifting its dividend for the first time in SEVEN YEARS (even though profits are down).
Disney has sent a big middle finger to Netflix after officially overtaking Netflix for streaming subscribers… and they’ve also got plans to launch a version with ads.
Spotify is testing a live music ticketing platform, so best of luck to Ticketmaster and Eventbrite.
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CommBank is celebrating big time after announcing a $9.6 billion annual profit, which is its biggest cash profit in over 5 years.
Whirlpool, the home appliances behemoth, has agreed to buy the company behind the InSinkErator for $3 billion.
Coinbase, the crypto trading platform, has released some pretty grim earnings results - losing over $1 billion in the second quarter of this year.
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REA Group, the folks behind realestate.com.au, have paid out their biggest final dividend ever thanks to a juicy revenue increase.
NAB’ is officially making bank in its latest quarterly earnings and it ain’t even worried about interest rate rises because most of its customers are ahead on their home loans.
SoftBank, the gigantic Japan-headquartered investment fund, just lost an enormous pile of cash... and the CEO says, alright, I think it’s time to slow down.
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10 Play, 9Now, 7Plus and the other broadcast video on demand platforms became Australia’’s fastest growing ad channel in 2021.
BHP wants to buy a South Australian mining company but the company says the offer just ain’t good enough.
Amazon just bought the company behind the robot vaccum Roomba for a lazy $1.7bn USD and privacy advocates are a liiiiittle spooked.
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Beyond Meat has cut its revenue outlook and now it plans to trim the fat on its workforce.
PayPal and Pinterest both saw their share prices spike last week after an activist hedge fund entered the chat.
APRA, the Aussie prudential regulator, reckons a quarter of the companies it regulates do not have any metrics to measure and monitor climate risks.
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Godfreys, the kings of the humble vacuum, has managed to achieve a revenue rise, despite shrinking its number of stores.
Uber just achieved its first cash-flow-positive quarter ever thanks to some record revenue.
Usain Bolt’s micro mobility startup - named Bolt - has abruptly disappeared, leaving a trail of scooters in its wake.
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Tinder’s latest round of disappointing earnings has caused some pretty hefty changes at the company. Hefty indeed.
Appen - the Aussie artificial intelligence company - announced a 69% drop in its earnings for the first half of the year.
Shopify has made a $100m strategic investment in Klaviyo, an email automation platform that will see the two giants build one tasty partnership.
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The Reserve Bank of Australia has struck again - they’re officially 4 timers back to back - raising the cash rate by 0.50% this time.
Pinterest’s share price has popped 20% because it announced earnings that weren’t as terrible as expected.
Pfizer’s making more sales than ever before, 150 years to be precise, and more than half of the sales are because of thanks to its COVID vaccines.
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Atlassian co-founder Scott Farquhar has made a major bid to acquire renewables generator Genex Power.. but they want a larger premium
TikTok has applied to trademark TikTok Music, which could see TikTok start to dabble in more than just short-form video
Amazon is bidding farewell to Amazon Drive - which joins a long list of other failed projects.
Thanks to Natasha Gillezeau, Product Manager at Flux for co-hosting today!
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F45, the Aussie-born fitness chain just announced a disastrous financial update and now they’re cutting 45% of their workforce
Amazon just released its second quarter results and it ain't as bad as the cynics were expecting
Spotify doesn't miss a beat with its revenue and users surpassing pretty much everyone’s expectations
Thanks to Tash from @tashinvests for co-hosting today!
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Westpac has announced it will cut down lending to companies in the gas and oil industries by almost a quarter by 2030
Facebook and Instagram’s parent company Meta posted its first revenue decline in history
Shopify is laying off 10% of its staff after it admitted it went too hard too soon on the growth of online shopping
Thanks to Maddy from You're in Good Company podcast for co-hosting today!
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Myer has announced its strongest annual profit since 2017 thanks to its online shopping boom and investors are finally loving them again!
Aussie healthcare startup Human has just raised $10m in the biggest seed round ever by an all female founded startup
Alibaba, the e-commerce, behemoth, is looking to add a primary listing in Hong Kong to attract Chinese investors
Thanks to Sophie from You're in Good Company podcast for co-hosting today!
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April 13 2022: Afterpay recorded its first results since its acquisition by Square and it wasn't pretty.
February 4 2022: Meta missed its active user target and things are looking even worse for the upcoming quarter - and the news sent shares down 22%
April 28 2022: Alphabet, Google and YouTube's parent company, just released its first quarter earnings - and revenue growth slowed around 34%.
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Crypto exchange Swyftx and share trading platform Superhero have announced a surprise merger, which values the combined group at $1.5 billion
Microsoft has agreed to buy Activision Blizzard - the company behind cult games like World of Warcraft and Call of Duty Candy Crush for $96 billion
Amazon has completed its US$8.5 billion acquisition of MGM - the company behind the James Bond franchise and heaps of other blockbusters
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Zip Co is going to start tightening it belt to get itself back in the black - and investors were pretty pleased.
SoundCloud is expanding its new ‘fan powered royalties’ model and is partnering with Warner Music in the process.
Amazon is buying a big medical company, so now it will be able to help you find a new steam mop AND a doctor.
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Netflix has snapped up the Aussie animation studio behind legendary pieces of cinema like The Lego Movie and Happy Feet.
APRA has told super funds they need to get better at assessing and managing the company valuations of unlisted companies (like Canva).
Despite what Elon Musk calls 'supply chain hell', Telsa has gone and beaten profit expectations.
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Netflix lost more than a million subscribers in the first half of this year, but they’re saying it could have been worse!?
Bubs Australia, the baby formula company, has been on fire after lately - they've almost tripled gross revenue compared to the same time last year.
KFC is trying out a new kind of chicky nuggie that it thinks will attract the youngins... and keep them hooked for life!
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Giant Aussie retailer JB Hi-Fi has announced record sales for the last financial year, and has pretty much smashed all the experts’ performance expectations.
Snapchat has launched a web version of its app in a ploy to compete with Insta and TikTok - and drive more and more (and more) engagement.
Meta (FKA Facebook) has announced a brand new feature on Instagram that will let you shop with small businesses. Directly. Through. Your DMs.
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ANZ has officially added Suncorp’s banking division to its cart... after saying thank u next to MYOB.
Amazon had its biggest Prime Day ever last week and reckons live shopping is part of its secret sauce.
Inflation in the US hit 9.1% and NZ over 7% in June, which means inflation is growing at its fastest rate in more than 30 years.
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ANZ Bank is entering shopaholic territory as it looks to acquire both MYOB AND Suncorp’s banking arm.
Spotify’s done a New York Times and bought Heardle - the musical version of Wordle for a 7-figure-sum.
Shein, the fast fashion giant with a reputation for fast-fast-fast fashion is planning an IPO in by 2024… but the jury is still out.
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Netflix is going live with its ad-supported streaming service sooner than expected - all thanks to a new partnership with Microsoft.
Trade360, an investment trading platform promoted by former Australian cricket captain Steve Smith, has been closed down by ASIC.
BMW is embracing the subscription game - now selling heated seat subscriptions for $18 a month.
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The owners of Snooze, formerly known as Capt’n Snooze, has announced their potential sale will go into nap mode because they haven’t found a buyer.
YouTube TV, YouTube’s live cable streaming bundle, just hit a cool 5 million subscribers and YouTube reckons it's just getting started.
Uber’s been caught red handed engaging in some questionable practices from its wild years - thanks to a huge document leak.
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Aussie crypto app downloads have taken a massive dive as Aussies brace for an icy crypto winter.
Virgin Galactic, the world’s first commercial space line, has inked a deal with Boeing to build more ‘motherships’ to take more of us to space!
J Capital Research, the activist short seller, has fired shots at a Lake Resources’ new lithium miner - calling the project is a bit of a joke.
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Hungry Jack's has announced it is ploughing $20 million in a new cafe arm to take on Maccas in the cafe game.
Twitter is going to take Elon Musk to court after he announced plans to walk away from his offer to buy Twitter.
The private equity giant behind Laser Clinics Australia, the massive cosmetic clinic chain, has bought out dozens of its franchisees after facing a heap of franchisee unrest.
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Zip Co’s shares have taken another dive after investment experts announced that their customer bad debt levels are expected to rise.
Netflix has given the green light to a Stranger Things spin-off series to help it build its first big entertainment franchise.
Coca-Cola has been keeping some verrrry lucrative secret coal royalties on the books, but now it looks like it wants to flog ‘em.
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Islamic Bank Australia has become Australia’s first Sharia-law-compliant bank after the banking regulators granted the company a restricted banking licence.
Xpansiv - a half-Aussie global environmental commodities exchange - just received $400 million USD from one of the largest private equity firms in the world.
Oil prices have dropped below US$100 a barrel for the first time in nearly two months - as investors get a ‘lil spooked about the possibility of a recession.
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Sneakerboy, the boujee sneaker company, has sunk deep into administration.
BYD - a Chinese company backed by Warren Buffett - has officially snatched Tesla’s crown after it sold more EVs than Tesla in the first half of this year.
The new Minions movie has broken box office records in Australia and the US, and its largely thanks to a hilarious TikTok trend.
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The RBA has raised the cash rate by another 0.5% to 1.35% - and the RBA has warned that even more rate hikes are on the horizon.
The ACCC, Australia’s competition watchdog, is urging the big banks to adopt new measures to protect customers against scammers.
EY, the global accounting and consulting firm, has admitted that some of its audit employees cheated on the ethics portion of a key accounting exam.
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TikTok Australia’s user data is under some serious scrutiny after a Liberal senator asked to see just how secure our data really is.
Collection House, one of Australia’s biggest debt collection agencies, has just tumbled into administration.
Meta, formerly known as Facebook, is shutting down the pilot for its digital wallet, Novi, and its asking users to withdraw their funds ASAP.
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Seven West Media is looking to can its $450 million mega-deal with Cricket Australia over a contract breach.
Apple is looking at new ways to reinvent the car experience - starting with potentially buying petrol from your car dashboard.
AustralianSuper says the total of its members’ funds could reach $1 trillion in less than 20 years - which would make it one of the world’s biggest pension funds.
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Apple and Google Android users in Australia are suing the tech companies in a class action, claiming their app store practices led to higher prices for consumers.
Liontown Resources, Aussie lithium miner, has announced a whopping deal to supply Ford with a crucial electric vehicle battery material.
Nike has announced results that were better than expected by pro investors, which just goes to show its big strategy shift is working.
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Aussie neobank Volt, which had raised tens of millions of dollars, is shutting up shop and returning deposits to customers after failing to raise funds to continue operating.
Shares in ASX-listed biotech company Imugene rocketed 45% earlier this week, after it announced trial results for a new cancer treatment.
The CEO and Founder of Pinterest has stepped down, handing over the reins to a Google commerce executive - and the Pinterest share price has boomed.
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Crypto exchange FTX is reportedly exploring a deal to acquire share trading behemoth Robinhood.
BWX, the Aussie beauty and wellness company, has raised $23 million in equity to pay down its debts - and its share price has been whacked 38% for doing so.
Netflix is planning to increase its investment in Asia after a shock first-quarter slowdown in subscriber growth.
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Suncorp Group is reportedly looking to bid farewell to its banking unit so that it can focus more on its insurance arm.
Zendesk has agreed to sell itself for $10.2 billion in cash - only months after it declined a $17 billion offer.
Carsales is looking to raise $1.2 billion from shareholders so it can buy 100% of an American commercial truck listing business.
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The Sun Cable solar project in Northern Territory - aka the world’s largest renewable energy system - has officially been deemed “investment ready."
Juul, the e-cigarette maker, has been banned from selling its products in the US.
Woolies aims to show new grocery delivery startups who is boss after launching a new app that promises groceries delivered within an hour.
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Voly, the Aussie grocery delivery startup, has had to cut staff, shut warehouses and can its 15-minute delivery promise - as the industry takes a bit of a turn.
Kellogg’s is going to split itself into three publicly listed companies: snacks, cereal and plant-based meat.
IKEA is rolling out a new AI-driven interactive design experience where customers can design and visualise their own living spaces - from their smartphones.
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Humm, the consumer loans slash buy now pay later company, has seen 5 of its directors step down from the board after a deal to sell the biz to Latitude Financial fell through.
Naomi Osaka, the four-time Grand Slam champion, is launching a new media company with the aim of crossing cultural barriers.
Microsoft is going to stop selling technology that guesses someone’s emotions based on their facial image… to get ahead of lawmakers.
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Aussie t-shirt maker Threadheads has broken equity crowdfunding history, so now they can print more “Get on the beers” tshirts.
An Australian app that aims to diagnose covid by listening to the sound of a cough has failed its final test before its potential takeover by Pfizer.
Crypto lending platform Solend has seen its community vote against enabling the platform to take over a major user's account.
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Qantas and Airbus have announced they will invest nearly $300m in Australia’s sustainable aviation fuel industry to speed up their goal of lowering carbon emissions.
Telegram, the instant messaging app, has topped 700 million active users, and is rolling out a premium version so it can finally start monetising.
Amazon is slamming the brakes on its expansion plans after facing the most difficult financial period it has ever faced.
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Lego is investing US$1 billion in a new factory to keep up with growing demand - and these days, it ain’t just from kids.
Australian grocery products have decreased in size without changing their price tag, according to a new report.
The US Federal Reserve has hiked interest rates over there by 0.75% - the biggest increase since 1994.
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We’ve just experienced a historic moment in Australia’s National Electricity Market with the the Aussie energy regulator suspending the National Electricity Market for the first time in history to stabilise the grid.
A sneaky leaked memo has revealed Meta wants to change Facebook’s algorithm to look a little more like TikTok’s.
Apple has bought the exclusive rights to broadcast Major League Soccer in a monstrous deal rumoured to be worth $250 mill a year for 10 years!
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ANZ Bank is considering acquiring accounting software company MYOB to boost its offering to existing and new small business customers - and this could really spice things up.
Volkswagen could sell more electric cars than Tesla in 2024, according to a new report, as the battle to be the EV leader heats up.
Celsius Network, one of the biggest crypto lenders, has paused withdrawals, swaps and transfers between accounts - as crypto tanks and the company becomes concerned that they could run out of funds.
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PointsBet, the Aussie-born online betting company, has rejected a $220 million+ takeover offer from News Corp, which wants to enter the gaming industry in Australia.
Bitcoin prices have have hit an 18-month low, dipping under US$25,000 for the first time since December 2020.
The ASX200 saw $116 billion of value wiped off the index yesterday - and it has officially entered 'correction territory'.
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After a rocky few years, Virgin Australia has announced its return to profitability… and is now considering listing on the ASX as early as next year.
Microsoft is partnering with Samsung to launch Xbox on Samsung Smart TVs without an Xbox console.
Campbell’s Soup has posted its latest earnings, and it has cooked up a 7% sales growth in the last 3 months.
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Spotify reckons it’ll crack $100 billion in revenue annually in the next 10 years.
BuzzFeed’s stock has lost more than a third of its value - after the company’s pre-IPO lockup agreement expired.
Revlon might put its Aussie subsidiary up for sale as it tries to find ways to pay down its debts and stay alive.
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Aussie crypto exchange Swyftx and share trading platform Superhero have announced a surprise merger.
The EU just approved a law that requires phone manufacturers to use the same charging port in all devices.
Uber is going green by spending $26 million over the next three years cutting fees for drivers that use electric vehicles, in an attempt to increase uptake.
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The Reserve Bank of Australia has announced its second rate rise in 2 months, raising the interest rate by 0.5% - in an attempt to slow down inflation.
Swoop Aero, an Aussie drone-powered logistics startup, has turned down a $100 million takeover offer - and instead, has raised $18 million of private cash.
Apple has hit 'show-off' mode at the its Worldwide Developers Conference, unveiling a tonne of new features and products.
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Twitter Australia reported losses of $2 million in 2021 thanks to rising sales and marketing expenses (and it led to a pretty low tax bill).
Apple has partnered with payments rival Block on its ’s Tap To Pay feature, which turns iPhones into payment terminals, and will let Apple’s payment terminal become available to Square sellers.
The ACCC has warned airports and airlines to play nice with commercial negotiations, and is planning to keep a close eye on airport profit margins.
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Realestate.com.au’s parent company REA Group has said it wants to own ALL elements of the property experience, and reckons there are more acquisitions on the horizon.
Deutsche Bank, Germany’s biggest bank, is under investigation over allegations that one of its divisions engaged in greenwashing.
The EU has banned Russian oil and now it’s also planning to ban insuring Russian oil ships.
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Lithium shares have been through a massive sell-off on the ASX, after a report came out saying road transport ain’t on track for carbon neutrality by 2050.
An ex-employee of NFT platform OpenSea has been arrested and charged with insider trading of NFTs - and this is the very first charge of insider trading for NFTs.
Canva investor Franklin Templeton has once again cut the value of its investment in the Aussie tech unicorn, bringing the value of its shareholding in Canva down 58.5% in the last 6 months.
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Australia’s energy regulator has been forced to cap gas markets in some major Aussie cities after the wholesale price of gas soared 80 times the normal level.
TikTok is testing a new feature that’ll allow for a “distraction-free” scrolling experience on the app.
Missguided, the fast fashion brand, has collapsed into administration after failing to repay suppliers filed to shut it down over unpaid debts to its suppliers.
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EY is looking at spinning off its audit business into a completely different company.
Humm, the buy now pay later company, has told its shareholders that its consumer finance arm ain’t profitable…as it tries to get shareholders to approve its sale to Latitude Financial.
Samsung is reportedly cutting its smartphone production by 30 million - and Apple is too by 20 million - as the smartphone industry takes a turn.
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NAB is launching a BNPL product this July, with a view to engage customers rather than bring home the bacon.
The NSW Government is reportedly looking at rescue packages for one of Australia’s biggest building companies - Metricon - as well as the construction industry as a whole.
Online gaming platform Roblox has partnered with a video game that functions as a treatment for ADHD to dish out in-game rewards.
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NBN Co, the company behind the NBN, reckons it is at risk of being an unsustainable business - thanks to competition from new players… including Elon Musk’s Starlink.
Glencore, the world’s biggest mining company, has admitted to bribery and market manipulation (over 11 years), and will pay $2.1 billion to settle the case.
Skincare brand Glossier is waving goodbye to its founder, who is stepping down after one hell of a rocky year.
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Australia’s first carbon credits ETF is set to hit the ASX… and it could have a major effect on carbon credit prices.
Zoom, the WFH sensation, has delivered better-than-expected first quarter earnings… and its shares spiked 16% - because growth in a post covid world ain’t easy for old Zoomy.
The company that pioneered the instant grocery delivery space, Gorillas, Berlin’s instant grocery delivery startup, Gorillas, is laying off around 300 employees and exiting 4 markets… despite raising US$1 billion just 7 months ago.
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Qantas’ Loyalty business has made its biggest acquisition EVER by acquiring a majority stake in TripADeal, an online travel booking company.
Snap Inc, the owner of Snapchat, has had an internal memo leaked which said it will miss its revenue goals for this quarter… and its share price has been smashed.
Meta Australia, the owner of Facebook, paid just $24 million in tax for last financial year, despite earning over $1bn in revenue.
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Anthony Albo Albanese and his Labour Party won the 2022 Federal election on Saturday night - and there are plenty of companies who look set to become winners under his policies... and there are some losers too.
WhatsApp, the messaging platform owned by Meta, has launched a new service that will give businesses a new way to use WhatsApp - with a plan to open up a new revenue stream.
Klarna, the pink-coloured buy now pay later behemoth, is back at it again, aiming to raise $1 billion from new and existing investors - but this time it’s a little bit different.
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Woolworths has offered to buy 80% of e-commerce company MyDeal.com.au for a huge $243 million as they plan to ramp up their marketplace offering.
Tesla has been dumped from the US sustainability index, the S&P 500 ESG, because of claims of racial discrimination and crashes with its autopilot vehicles.
The US Soccer Federation has become the first governing body in soccer to pay its mens and womens soccer teams equally.
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Treasury Wine Estates, the Aussie winemaker, is planning to side-step China’s expensive wine tariffs by making its famous Penfolds within China itself.
Berkshire Hathaway, the US conglomerate headed up by investing legend Warren Buffett, is on a spending spree while everyone else is panicking.
A massive Melbourne pub has been sold for $85 million - but interestingly, one of the biggest beneficiaries of the sale will be AFL club Hawthorn.
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Wesfarmers, the owner of Kmart, Bunnings and Officeworks, has relaunched its customer membership program - with a new twist.
CommBank is trying to compete with other banks and fintechs by launching a digital-only home loan that aims to approve home loans in 10 minutes.
Block, the company formerly known as Square, is rolling out Afterpay to its in-store customers - that’s everyone from fruit shops to nail salons - and even humble cafes.
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StepOne, the Aussie underwear brand, has seen its shares crash by almost 60% after the company downgraded its sales targets.
McDonald’s has officially pulled every Ronald McDonald, Hamburgler and Grimace from Russia and is selling off its 850 restaurants.
Elon Musk has put his plans to buy Twitter on a “temporary hold” while he investigates the platform’s spam accounts.
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Better beer, a zero-carb beer brand backed by influencers/comedians The Inspired Unemployed has become one of the fastest growing beer brands Australia’s ever seen!
Apple’s stock has taken an 8% hit, wiping out hundreds of billions in value as the tech industry continues its downward spiral.
First home buyers have been promised access to a ‘responsible amount’ of their super for housing in a last minute promise - if the Liberal government gets elected.
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Woolies and Coles are clinking glasses after they topped the list of the most-trustworthy Aussie brands, as retail sales experience a significant boom. And, cop that big 4 banks.
Airbnb has introduced a tonne of new changes to its platforms to keep up with changing consumer behaviours.
Xero, the cloud accounting firm, has seen its revenue grow 29% to hit NZ$1 billion… which sounds good, but its shares tanked 12% on the news. Um, why?
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Swisse vitamins has seen its sales surge by 29% in Australia, thanks to a renewed focus on selling through supermarket chains and community pharmacies.
Electronic Arts - ie the crew behind EA Games - is planning on launching three blockbuster mobile games later this year… and it’s clearly all about mobile and NOT PS20 or Xbox.
Disney+ has kept up its subscriber growth momentum, gaining nearly 8 million paid customers in the first three months of 2022.
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Woolies is going to let customers pay with QR codes, as it tries to turn up the heat against card giants like Mastercard and Visa.
Instagram will begin testing NFTs user profiles this week, so that you can now have your Bored Ape in your profile picture (but not everyone in the decentralised world of Web3 is happy about Zuck coming in).
UST, one of the largest crypto stablecoins, has just sank below 70 cents in value - which is very interesting... since it’s meant to remain at its intended $1 peg.
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28 by Sam Wood, the fitness app, has been acquired by Aussie genomics company myDNA in a $50 million USD deal.
Woolworths, the South African one (not to be mistaken for the Woolies we know and love) is reportedly looking to flog David Jones… and is getting serious about it with investors.
Grindr, the LGBTQ dating app, is planning to go public, making it the third dating giant to go public in the last three years.
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TPG Telecom, the third largest telco in Australia, has sold its entire footprint of mobile towers and rooftop infrastructure for nearly $1 billion.
Gucci, the luxury brand, will start accepting payments in cryptocurrencies in some of its stores in the US to drive sales.. and be in with the cool crowd?
Shell, Europe’s largest energy company, has reported a record US$9.1 billion in profit thanks to rising energy prices and major cost cuts.
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One of Australia’s hottest on-demand grocery players Send has collapsed after burning serious cash to keep up with competitors.
Tech companies like Facebook and Cameo are calling hiring freezes and layoffs as the tech industry starts to experiences a bit of a downturn.
France’s largest supermarket chain is putting popular products under a “price shield” as inflation ramps up… and it looks like others across the EU might follow suit.
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Qantas is opening its coffers to buy a company named Alliance Aviation for around $614m, and it’s all part of Quanny’s plan to bolster its regional link offerings.
NAB is popping the champagne after announcing its earnings are up more than 4%, with the fastest growth in business lending since the 2008 GFC!
The US Federal Reserve, which is the American version of our RBA, has increased interest rates by half a percent. That’s the biggest interest rate increase since 2000!
New month, new [credit score] you...
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Mr Yum, the digital menu and payments company, has acquired Aussie marketing software platform MyGuestList for ‘tens of millions’.
Online furniture store Temple & Webster is taking on Bunnings with a new DIY-focused online shop where it will be selling home improvement products.
Wordle! - but not the one we all know and love - has been bought by a mobile marketing firm after experiencing some second-hand success.
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The Reserve Bank of Australia has increased the official cash rate by 0.25% to 0.35%.
The co-founder of Atlassian, Mike Cannon-Brookes, ain’t finished with AGL. In fact, he’s just bought an 11.3% stake in the company with the plan to vote against its upcoming demerger.
Woolworths has recorded an almost 10% jump in sales, and in a big move, the Woolies boss has called for an increase in retail workers’ wages to keep up with rising inflation rates.
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Qantas reckons it’ll return to profitability next financial year - and it’s also snapped up a few Airbuses for new extra extra-long haul flights.
Apple has announced one of its best quarters in its 46-year history, despite supply chain issues and booming inflation.
Robinhood, the US online trading platform, has reported worse-than-expected losses and shrinking revenue for the first quarter.
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CommBank says it’ll offer cheaper home loans to customers who build green homes in a big push to appeal to younger Australians.
Renault, the French car maker, is looking to flog its majority stake in Russia’s biggest car maker to the Russian government for 1 teeny tiny rouble.
Twitter is in damage control after advertisers raised concerns that Elon Musk’s focus on free speech could increase toxicity and abuse on the platform.
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Coles says consumers can expect prices to keep rising due to inflation, after it reported a sales jump of around 4% for the first 3 months of the year.
Pushpay, a major “Church-technology” company, has reportedly received quite a few acquisition offers - sending its shares soaring 24%.
Heinz has created a new product called Dip & Crunch after receiving some major inspiration from a one specific TikTok trend.
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One of Canva’s most recent investors has slashed the value of its investment in Canva by 30% - after a major drop in the share price of other tech companies.
Stake, the Aussie share trading app, brought home $50 million in fresh funding…which it has very promptly added to its war chest.
Google’s parent, Alphabet, has reported weak earnings and revenue, as YouTube showed particularly weak results.
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Twitter has officially been sold to Elon Musk for $44 billion USD and the plan is to take the company private.
LVLY, the Aussie flower delivery company, has just been acquired for $35 million.
Meta, FKA Facebook, is opening its first ever physical retail space to show people first-hand how to enter the big juicy metaverse.
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Netflix may offer a lower-priced version with ads in order to boost revenue as its subscriber numbers drop.
Global private equity giant KKR has partnered with a few sovereign wealth and superannuation funds in a $20 billion-plus offer for Ramsay Health Care, Australia’s largest private hospital operator.
Tesla’s revenue hit $18.7 billion for the first 3 months of the year, up from last year’s $10 billion - but the company’s still looking at increasing its prices.
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Regulators are going to green light Australia’s first bitcoin ETF in the coming weeks, with an official launch party expected as early as April 27.
Zip Co, the Aussie buy now pay later company, has seen its credit losses increase beyond the company’s target range for the first three months of 2022.
Laundry lords Proctor & Gamble has revealed that sales growth is at its strongest in at least 15 years - despite hiking prices.
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NewsCorp is finalising plans to launch a gambling company in partnership with a group of investors in the industry.
Dymocks, the old school bookstore chain, reckons book sales are soaring across the country - and it’s partly thanks to TikTok!
Shares in Netflix tanked around 25% after the 'Flix reported that it had lost 200,000 subscribers in the first 3 months of the year.
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Twitter has taken a poison pill to stop Elon Musk from taking over the company after he offered shareholders more than US$40 billion for the company.
AMP could be flogging its real estate operations to property giant Dexus in a massive $25 billion deal.
ANZ, CBA and Westpac’s blockchain startup has copped nearly $13 million in new funding to speed up processing times for bank guarantees.
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AGL Energy has inked a deal to charge and discharge a massive, virtual battery…without building it or even owning it.
Three major Apple suppliers have had to pause production of iPhones, iPads and Mac computers after Shanghai set some pretty strict COVID lockdowns.
Nintendo has combined its two most famous franchises - Wii Sports and the Switch, to make Nintendo Switch Sports.
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The parent company of RM Williams has invested in a plant-based textile company… and this may be a sign that it's planning to make its iconic boots vegan.
Warner Media and Discovery have just completed their US$43 billion merger…and they shall forever be known as 'Warner Bros Discovery'.
ASOS, the fast fashion retailer saw its first-half profits down a whopping 87%...and it ain’t looking good for the second-half either.
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Afterpay has reported its first results under new owner Block, and it was a whopper loss for the first six months of the financial year - $345.5M.
Tesla CEO Elon Musk, who is also now the largest shareholder in Twitter, has said ‘no’ to a board seat at Twitter.
Aussie ‘hype commerce’ startup EQL (pron: Equal) has raised $25 million to help retailers manage the launch of hyped, in-demand products.
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Once again, Foxtel’s IPO has been postponed - this time due to concerns around the economic environment, interest rates and international war zones.
Westpac claims it is is blocking around 1000 scams per week after releasing its latest anti-scam technology.
Levi’s has seen sales climb 22% thanks to its post-covid strategy of going direct-to-consumer via online and new physical stores.
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Amazon Australia is launching same-day delivery in Sydney and Melbourne by expanding its logistics network - and finally we’re catching up the US.
Mecca, the giant Aussie beauty retailer, is making a massive play for the Chinese market with a major focus on ‘live-selling’.
Tata Group, the 154 year-old Indian behemoth, is planning to launch a super-app in India that will bring together 12 brands to take on Amazon.
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Hundreds of Coles-branded products will be sold on the shelves of Singapore’s biggest supermarket chain after a new multimillion-dollar deal.
Telstra has turned on a new scam filter, which is aiming to prevent Aussies from being hit with millions of dodgy text messages and scams.
The first crypto product to be offered by an Aussie bank to consumers is facing regulatory delays, as the corporate regulator puts the microscope on old CommBank.
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Super funds Australian Ethical and Christian Super are in talks to merge and create the second biggest ethical super fund in Australia.
Fast, a seriously-hyped one-click checkout startup, which raised $130m just last year, has announced it is shutting down after burning through all its money.
Starbucks’ OG CEO Howard Schultz has officially triple-dipped - he’s returning to the CEO position at Starbucks for the third time after internal issues at the company.
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The CEO of Tesla, Elon Musk, has acquired a 9% stake in Twitter to become its largest shareholder - and as a result the company has seen its share price rocket.
AustralianSuper will jointly buy the telco infrastructure firm Axicom for $3.58B - as it seeks to cash-in on the increase in demand for mobile connectivity.
The owner of David Jones, and the Country Road Group, has denied the wave of speculation that it is planning to exit Australia.
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Amazon Prime Video’s Aussie division is not ruling out making a play for the next 3 Olympics when the tender rights open up later this year.
Domain, the Aussie real estate listings site, is acquiring a real estate campaign management platform named Realbase for at least $180M.
Regulators are investigating a possible insider trading incident at gaming behemoth Activision, which happened just before Microsoft’s US$69 billion takeover of the company.
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TabCorp and Tatts, the betting and lotto companies, are finalising the paperwork to BREAK UP after merging just 5 years ago.
Pop star Lizzo has turned from Good-As-Hell music superstar to shape-shifting business-women with her new shapewear brand.
Waymo, the self-driving car company, says fully driverless rides are coming to San Francisco - taking us one step closer to never having to drive again.
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Westpac employees will be free to talk about their pay packets - to friends, family, colleagues - after Westpac dumped its salary secrecy clause.
Sneaker brand New Balance wants to remind buyers that the shoes are Made In America - and it's part advertising, part necessity.
Qantas shared how it plans to meet its 2050 net-zero emissions target, and it could involve carbon farming in WA.
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Aussie mining giant Fortescue has inked a new deal with German energy company E.ON to replace Russian gas with Australian green hydrogen.
Australian venture investor Blackbird Ventures is raising $1 billion from investors to find and back the next Canva.
Sony is launching a new PlayStation subscription service, as gaming companies strive to replicate the success of TV and movie streaming.
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The Treasurer has dropped the mic on the 2022/2023 election budget, and the key theme is the rising cost of living.
Apple TV+ is celebrating its win of Best Picture at the Academy Awards, and in bad news for Netflix, it has become the first streaming service to win the top gong.
Tesla tweeted it will perform another ‘stock split’ - and shortly after the tweet, it added $112 billion to its valuation.
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The CEO of the Star Entertainment Group has resigned following revelations of widespread misconduct at the casino.
Stripe, the world’s most valuable private 'fintech', is seeking new banking partners in Australia so it can extend its payments services into loans and bank accounts.
Customer management company HubSpot has created a platform to produce podcasts, and creators who participate will get a monthly payment.
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TikTok has committed to removing damaging political misinformation in lead up to the Australian federal election.
Several parties are said to be interesting in buying the regional TV assets of Southern Cross Austereo, the owner of Hit, Triple M and LiSTNR.
Uber has struck a landmark deal with yellow taxis in New York, as the company strives to integrate itself with every taxi in the world.
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ANZ Bank has created a ‘stablecoin’ that’s pegged to the Australian dollar, in a milestone for Australia's digital economy.
Telstra says it’ll plant 158,000 trees via drones to rack up carbon credits and offset its greenhouse gas emissions.
YouTube taking another big step into the TV space after announcing it will stream more than 4,000 TV shows for free, beginning in the US.
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Foxtel has extended its deal to broadcast Formula 1, and the deal is said to be worth between $40 and 45 million a year.
The ACCC is suing Meta, the owner of Facebook, and they’re alleging it knowingly ran ads for crypto scams featuring Australian celebrities.
Yuga Labs, the company behind the Bored Ape Yacht Club NFTs, is at it again - they’ve raised $450 million USD for their seed round.
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Baby formula producer Bubs is launching a ‘supreme’ premium range (for the boujee babies out there), and it sent shares tumbling for rival A2 Milk.
Qantas is going to sell NFTs featuring its historic aircrafts later this year, and it’ll offer frequent-flyer points to buyers.
Dating company Match Group is launching its latest app, designed exclusively for single parents.
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Burger King says its independent operator in Russia is refusing to close down its restaurants.
Optus is threatening to take its big commercial partnership away from telco tower group Axicom - just as Macquarie plans to sell off Axicom.
Online grocery platform Instacart has teamed up with TikTok so users can buy recipe ingredients from viral videos
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Telstra is planning to buy a majority stake in subscription video service Fetch TV - despite already owning 35% of Foxtel.
Amazon has completed its US$8.5 billion acquisition of MGM - the company behind the James Bond franchise and many other blockbusters.
Russia is heading towards a default on its foreign debt payments, which threatens to send its economy deeper into crisis.
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Aussie startup Linktree, famous for creating “Link in bio”, has just raised $152 million - making it the latest Aussie unicorn.
The US Federal Reserve has approved its first interest rate hike in more than three years - and they say there could be 6 more on the horizon.
Netflix has announced it is going to test out charging customers for password sharing in some countries - and it ain’t cheap.
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F45, the Aussie-founded gym franchisor, has called itself the fastest growing fitness franchisor in the world after record revenues for the fourth quarter of 2021.
Suncorp, the Australian insurer, has received over 34,000 claims as a result of the floods and weather in Queensland and NSW. But they reckon the worst is yet to come.
The global healthcare sector, including ASX-listed Resmed, is on high alert because the war in Ukraine has started to derail production of medical devices.
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Lululemon is going to take on Nike by making its own shoes, and will be designing footwear specifically for women.
Rio Tinto has offered to buy out Turquoise Hill Resources for US$2.7 billion in order to gain more control of its giant copper mine in Mongolia.
Yuga Labs, the NFT company behind the Bored Apes Yacht Club has acquired the rights to the CryptoPunks - meaning Yuga now controls NFTs with around US$5.5 billion in market cap.
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Myer believes shoppers are over indoor clothes like leggings and PJs and are now more focused on fashion, as restaurants and office life returns.
Amazon has announced its first stock split since the dot-com boom, telling investors they’ll receive 20 shares for each share they currently own.
Old-school giant LimeWire is coming back, but this time it won’t be a music piracy service, it’ll be a fully-fledged NFT marketplace.
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Camp Australia, the after school care business, has sold some of its debt to two investment firms - via a loan-to-own agreement.
TikTok has launched its own music distribution platform, which aims to help artists get their music heard.
Uber Eats is raising the stakes against banks and fintech apps by launching a feature that’ll let you order food as a group and split the bill with your mates.
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Airlines have warned that airfares could jump, as oil prices continue to rise - and when costs are higher for airlines, it often becomes more expensive for consumers.
The London Metal Exchange has been forced to halt nickel trading after prices more than doubled - and now they’re calling it an ‘unprecedented event’.
Apple has unveiled a new version of its budget-priced iPhone SE - with a pretty big upgrade - but given the price has gone up, it kinda feels less ‘budget’ than before.
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Aussie NFT startup Immutable is now valued at $3.5b after a $280m funding round - just 6 months after they raised $82m.
Mike Cannon-Brookes, the co-founder of Atlassian, and investment firm Brookfield, might not actually be finished with their takeover bid for AGL - following two rejections.
Global bank Citigroup has released a report saying that closing the gender gap in women-led businesses could increase GDP by US$2 trillion.
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Bonds, the iconic undies brand, plans to remove all gendered terms within its product, marketing, packaging and stores by 2025.
Telstra is partnering with a satellite internet company named OneWeb so it can get on the same galactic level as Elon Musk’s Starlink.
The US and Europe are considering a ban on Russian oil exports, which has seen petrol prices surge 10% - and we could be about to see ‘stagflation’.
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Australia’s biggest construction company, CIMIC, has been accused of underpaying hundreds of workers, subcontractors and banks in its Middle East operations.
The biggest movie cinema chain in the world, AMC, is going to charge more for tickets to the new Batman movie - as part of a new variable pricing experiment.
Ford is going to split its car business into two divisions - one for regular petrol cars, and another for electric cars.
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Coles is going to start delivering groceries by drone to Aussies in the ACT - thanks to its new partnership with Google’s drone service Wing.
Zeller, an Aussie fintech founded 2 years ago, has raised $100 million - and is now the fastest company to hit unicorn status in Australian history.
Uber has launched a new feature in the US that lets people book dinner reservations and concert tickets in-app.
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Optus is claiming Telstra has blocked its 5G push for 2.5 million regional Australians.
Aussie insurance giant IAG is getting even more serious about investing in startups - and has committed to investing $75 million for its second venture fund.
Nike has turned off the tap by making online sales completely unavailable in Russia.
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CommBank is ramping up its exit of Asia after announcing the sale of a 10% stake in Bank of Hangzhou (in eastern China) for $1.8B.
Noumi (FKA Freedom Foods) is embracing its popular barista milk brand Milklab as plant-based products gain more love from consumers.
The EU’s ban on Kremlin-backed media outlets, like Russia Today and Sputnik, is expected to include online platforms and apps.
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Aussie BNPL Zip Co has announced its plans to buy US BNPL Sezzle - as the industry continues to see mass consolidation.
BP is preparing for a $35 billion hit as it ditches its 20% stake in oil and gas giant Rosneft over the Ukraine invasion.
Customer support company Zendesk has had to can its US$4.1 billion acquisition of Survey Monkey’s parent company Momentive - after shareholders rejected the deal.
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The US, UK and EU have announced a plan to isolate Russia from the international financial system.
To attract a younger audience, The Australian newspaper is preparing to launch a youth-focused, online-only publication named… The Oz.
Super app-wannabe Block, the owner of Afterpay, saw shares skyrocket nearly 40% last week after announcing gross profits were up 62%.
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Qantas says Omicron set its recovery back by six months - after reporting a $1.3B underlying loss for the last 6 months.
Major Aussie construction company Probuild has collapsed into administration - with 750 jobs in limbo.
Spotify has launched its first physical product - Car Thing - and this could be a sign of the future for Spotify and its hardware ambitions.
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Shares in Aussie underwear company Step One are down around 25% since its IPO, so now it’s bringing in the big (NBA) guns to attract US-based customers.
Domino’s is releasing new ranges of higher-priced premium pizzas to combat an increase in costs due to inflation (cheese and meat).
Volkswagen is considering selling off its profitable Porsche division by spinning it into a separate company with its share market listing.
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ASX-listed Mad Paws will pay $20m to buy online pet medication and healthcare products business Pet Chemist.
Share market investors have been bracing for a painful couple of days - for Russian, Ukrainian and global markets - as tensions between Russia and Ukraine continue to heat up.
Legendary investor Carl Icahn is leveraging his reputation to tackle an issue close to his heart: the welfare of pigs - and he has pointed the finger at McDonald’s.
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Energy giant AGL has rejected an unsolicited takeover bid by Atlassian founder Mike Cannon-Brookes and investment company Brookfield.
Westpac is bringing out a new, sleek eftpos terminal to compete with Block (fka Square).
Limits on production have hit luxury handbag maker Hermés’ bottom-line - and sent shares tumbling 5% last week.
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Aussie HR platform Employment Hero has raised $181 million at a $1.25 billion valuation - with some of the funds going towards its first-ever acquisition.
Demand for computer chips is booming and as a result Nvidia has seen data center sales increase by a whopping 71%.
US private equity giant Silver Lake is buying 8.58% of the organisation behind New Zealand’s All Blacks rugby team for NZ$200m.
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To capitalise on its love from fans, Disney is expanding beyond theme parks and entertainment to design residential communities in the US.
Spotify has acquired two more companies, Podsights and Chartable, to solve the podcast measurement and attribution problem - which is still one of the biggest challenges for poddy advertisers.
Telstra’s shares have been yoyo-ing after profits dropped by a third, but somehow its dividend remained consistent.
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Australian lithium miner, Liontown Resources, has secured a 5 year deal with Tesla to supply 100,000 tonnes of lithium per year.
Treasury Wine Estates, the owner of Penfolds, has seen net profits drop by 7.5% thanks to Chinese tariffs - so now they’re heading to other Asian countries.
Airbnb’s revenue grew 78% to $2.1 billion in the last 3 months, thanks to the major shift to remote work.
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Jobs site SEEK is going to issue its highest dividend in three years - thanks to the Great Resignation.
Adore Beauty says cosmetic sales will continue to increase, thanks to upcoming shopping events - as sales increased 18% for the last 6 months.
Super Bowl ads were more expensive this year than ever before - with a single ad costing around US$7 million.
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JB Hi-Fi says it will return $250 million back to shareholders via an off-market buyback - after sales climbed 4.3% in Jan.
The Crown Resorts board has recommended that shareholders accept the company’s $8.9 billion takeover offer from US private equity firm Blackstone.
Giant crypto exchange Binance has invested US$200 million into business publication Forbes - just two years after suing it for defamation.
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Officeworks has acquired a 21% stake in a Brisbane-based social enterprise named World’s Biggest Garage Sale.
Baby Bunting, Australia’s largest specialty maternity and baby goods retailer, has seen net profits increase by 12% - and shareholders are excited.
To raise the stakes against TikTok and Instagram, YouTube is looking at introducing new set features to help creators make more cash.
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Sportsbet is facing a record $3.7m indemnity fine for sending 150,000 spam messages to people who had unsubscribed from their alerts.
New research by the crypto firm that is advising CommBank shows that NFT traders are making millions from ‘wash trading’.
Microsoft is warming up regulators to their proposed acquisition of gaming giant Activision Blizzard by pledging a future that includes an open, “universal” app store.
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Despite high shipping costs, Aussie retailer Temple & Webster has seen revenue hit $235m (up 45%) for the last 6 months.
Apple says it will transform iPhones into contactless credit card readers and payment processors later this year.
Bumble has made its first acquisition - fast-growing French dating app Fruitz - which Bumble hopes will help it gain traction with a younger, Gen Z audience.
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Grill’d says the price of some items will increase in the coming months due to supply chain issues and inflation.
At-home fitness company Peloton has drawn interest from potential buyers including Amazon - as it struggles to maintain pandemic-related growth.
UK-based department store Selfridges will offer sex therapy and drug-free “psychedelic trips” in-store, in its latest attempt to tempt shoppers back into stores.
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“Memestock” GameStop has partnered with Aussie crypto platform Immutable to build an NFT marketplace for GameStop’s fans to trade digital video game assets.
Shares in one of Australia’s largest investors, Magellan, which has over $100B in assets, sunk yesterday after its founder/chair took a leave of absence.
Facebook owner Meta is adding tools to guard users against sexual harassment in the metaverse.
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After a rough couple of years, Qantas has slashed the amount of frequent flyer points consumers will need to book accommodation.
An Aussie ‘rent-to-own’ startup named OwnHome has raised $31m from big name investors, including CBA, to help Aussies break into the housing market.
Meditation app Calm has acquired Ripple Health Group, a health care tech company that connects individuals with health care options.
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Diem, the ambitious crypto project funded by Facebook has collapsed after a more than two-year effort.
Aussie gambling software maker Aristocrat Leisure has to abandon its $4B takeover of Playtech after Playtech’s shareholders rejected the deal.
After the oil industry hit record lows in 2020, Exxon Mobil’s annual profits have exploded to US$23 billion - its highest levels since 2014.
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Dolce & Gabbana has joined a growing list of fashion houses to ban animal fur, saying it will use a sustainable “eco-fur” in future collections.
Sony has announced plans to acquire Bungie, the creator of popular video games Halo and Destiny, for US$3.6b.
Amcor, the Australia-born company that has become the world’s largest consumer packaging company, has implemented $650m of price rises due to inflation.
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Local venture capital fund AirTree Ventures has closed the biggest fund yet in Australia, raising $700 million to back startups in software and Web3.
The New York Times has acquired the super popular word puzzle game Wordle for ‘low seven figures’.
China is rolling out its digital yuan to athletes and spectators ahead of the Beijing Winter Olympics - the first test of whether China’s virtual currency appeals to foreigners.
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Aussie jobs marketplace Airtasker was hit hard by covid in 2021, but since then has seen a 37.5% increase in Q2 revenue - and growth in wages for its airtaskers.
Google is investing another $1 billion in India’s smartphone market - a move it hopes will drive down the cost of smartphones in a huge market.
Share trading app Robinhood is forecasting its first quarter revenue to be down 35% compared to last year - in a sign of what may be to come for local players.
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Atlassian shares jumped 10% last week after announcing second quarter revenue of $688.5 million (37% better than last year).
Toy giant Mattel has won back control of the lucrative licenses for Disney Princess and “Frozen” characters - from arch rival Hasbro.
Apple has reported record quarterly revenue and it’s largely due to strong sales of the iPhone 13.
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Bunnings has claimed the title of Australia’s strongest brand, with Woolworths and Officeworks rounding out the top three.
Spotify will remove Neil Young’s music after the singer demanded Spotify take it down - in response to vaccine misinformation being spread by Joe Rogan (a popular podcaster on Spotify).
Chinese fashion giant Shein is planning to IPO in the US, and its founder is considering a citizenship change from China to the US to bypass proposed rules for offshore IPOs in China.
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McDonald’s has announced that it has 100 new Australian restaurants in the pipeline, but now it needs to find the right franchise candidates.
Amazon plans to open a department store where technology will recommend what shoppers should try on next.
The founders of buy now pay later company QuadPay are suing Merrill Lynch over their advice to sell nearly 13m shares in Zip Co - immediately after being acquired by Zip Co.
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Aussie mining giant Fortescue has paid $311m for Williams Advanced Engineering, a battery and engineering company with links to the Williams Formula One motorsport team.
IGA has taken market share from its big name rivals because IGA’s more local supply chains have let them to keep shelves better stocked during the omicron wave.
Instagram is giving creators more ways to make money with this week’s launch of Instagram Subscriptions.
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Dovetail, the Aussie customer research start-up, has raised $89 million at a $960 million valuation, as its founders acknowledge a “bubble-like” time for raising capital.
Fitness company Peloton plans to cut jobs and production levels, as sales slow down significantly.
The EU has passed legislation that could transform how Big Tech operates, requiring them to police content more aggressively and introduce restrictions on ads.
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Uber has acquired Australian car-sharing service Car Next Door to expand the range of services it offers to customers.
Coke is unveiling a new look for flavoured Coke products, as the company strives to stand out at the supermarket.
Disney has created a new international content team to build up its pipeline of content in countries around the world, ultimately to boost global subscriber numbers.
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Aussie freight and logistics companies are being forced to introduce Omicron surcharges in order to cover the costs of staff shortages.
Gaming giant Activision Blizzard, the maker of World of Warcraft and Candy Crush, has agreed to be acquired by Microsoft for $96 billion.
Shares in Goldman Sachs dropped 8% after it announced its expenses have been rising - due to ‘rewarding top talent in a competitive labour environment’.
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Shares in Aussie on-demand wage service Beforepay fell 42% on their IPO day - the worst first-day performance in 2 years on the ASX.
Redbubble expects revenue to drop, as the pandemic leads to increased customer acquisition costs and decreased shipping margins.
Unilever, the owner of Ben & Jerry’s, is willing to pay big money for the company that makes Advil and Aquafresh toothpaste - as it tries to ramp up its focus on health products.
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The AFLW has locked in the first major crypto sports sponsorship in Australia - a $25m deal with crypto.com.
UberEats is using its sponsorship of the Aus Open to re-position itself as a way to get anything delivered, rather than just food takeaway.
Beyond Meat has become the most ‘shorted’ stock on the Russell 1000 Index - with investors betting against the company in a big way.
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Stan is raising the stakes against rival Foxtel with the launch of Stan Event, a pay-per-view service aimed to increasing Stan’s subscriber numbers.
Aussie gaming giant Crown Resorts will recommend its shareholders accept a new takeover bid of at least $8.87 billion by private equity firm Blackstone.
Shares in Virgin Galactic dropped more than 16% last week when it announced it would raise around $580 million in debt.
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Private health insurance premiums will increase next year by an average of 2.7% - the lowest increase in 20 years - thanks to the pandemic and its impact on health insurance profits.
The former CEO of Disney says that Disney+ needs ‘more content for more people’ if it wants to hit its lofty 2022 goals.
TikTok rival Triller will go public via a ‘reverse merger’ with video-tech company SeaChange - with the combined company valued at around US$5 billion.
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Chemist Warehouse has been accused of cooking up inflated pricetags for Black Friday sales.
Global meal kit company Marley Spoon has eaten up ready-to-heat meal company Chefgood for a delicious $21 million.
Shareholders of Meta (fka Facebook) are questioning whether the company is able to oversee public safety on its platforms - and now want an independent evaluation.
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NAB plans to approve mortgage applications in one hour, as banks fight it out for the fastest mortgage process.
Plant-based food makers in Australia could be forced to remove words like ‘beef’ and ‘sausage’ from their packaging.
Chinese AI giant SenseTime has excluded US investors from buying shares in its US$767m IPO.
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Beauty retailer Mecca has created Australia’s first ‘pay-to-dispense’ street vending machines in order to drive gift sales in high traffic locations.
Bruce Springsteen has sold the rights to all of his music to Sony for over US$500 million - in the largest music rights deal ever.
Disney and YouTube have finally reached a new distribution deal after YouTube TV dropped Disney-owned channels like ESPN and ABC from its platform.
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Rokt, the e-commerce tech unicorn has smashed the record for the largest single venture capital raising in Aussie history - $458m.
Spotify has bought Aussie podcast-tech platform Whooshkaa with big plans to gain a foothold in the broadcast-to-podcast space.
The US Federal Reserve has said it will increase interest rates next year as inflation continues to get out of hand.
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Westpac’s shareholders have hit Westpac with a ‘protest vote’ over the new pay plans for its executives.
Kraft, the brand behind Kraft Singles, is getting crafty with its marketing - due to a major cream cheese shortage.
Sales at Zara and H&M are back to pre-pandemic levels (or in some cases are better) thanks to post-lockdown wardrobe updates.
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Aussie biotech giant CSL has bought Switzerland’s Vifor Pharma for $16.4b - giving CSL exposure to the fast growing market for kidney disease and iron deficiency treatments.
Harley Davidson is planning to take its electric motorbike business public in order to attract millennials and Gen Z.
Rotten Tomatoes is partnering with TikTok to allow users to link to movies and TV trailers, ratings, reviews and more.
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Woolies has encouraged shoppers to hit the shops early this xmas, as COVID-related supply chain issues could mean some products might be in short supply.
In a first for Australia, investment firm IFM is sinking $200m into CBA through a term deposit that will only be used to fund sustainability-linked loans.
Nike bought virtual sneaker company RTFKT, as Nike aims to expand its footprint in the fast-growing “metaverse”.
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Booktopia is being taken to court after an ACCC investigation found it had misled consumers about their rights re faulty or damaged goods.
A plot line from the Sex and the City reboot has sent shares in exercise company Peloton tumbling.
Reddit has followed in Spotify’s footsteps by rolling out its own version of Spotify Wrapped - a personalised end-of-year recap of your stats.
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Two of Australia’s largest breweries have warned that we could be facing a beer crunch due to the supply chain crisis.
Coles wants its smaller Coles Local stores to make up around 10% of its total supermarket stores across the nation.
Apple signed a gigantic US$275 billion deal with China back in 2016, and it could be why Apple has managed to remain so successful in China.
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Twitter is testing a feature that turns its explore page into a TikTok-style video feed (and it’s even got a ‘For You’ tab like TikTok).
Payments company Visa is launching a new consulting service to help clients understand the wacky world of crypto.
'AdBlue', a crucial diesel fluid, could run out by around February - which would hurt Australia’s trucking industry and supermarket supplies.
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Treasurer Josh Frydenberg will legislate a new power that could force Apple to join the banks in investing in Australia’s $650 billion-a-day payments system.
Delivering purchases within 10-15 minutes is the latest trend in grocery delivery, and as a result, DoorDash has debuted its own ultra-fast delivery service.
NFT platform OpenSea is growing so strongly that it has started poaching top talent from older tech giants.
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Pet Circle, the Aussie online pet supplies and services marketplace, has just become Australia’s latest unicorn after a juicy $125m capital raise.
BuzzFeed shares plunged 17% at their public debut - and it wasn’t an IPO that did the damage... but a ‘SPAC’.
Aussie online marketplace developer Marketplacer has just banked $38m in investment, as retailers continue to adopt marketplaces of their own.
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Metcash, the owner of IGA supermarkets, Mitre 10 and Foodland, saw sales and profits grow big time this year, thanks to a shift towards local neighbourhood shopping.
BHP has hinted that it might be open to boosting its dividend payout next year after selling off key petrol and coal assets.
Didi, a Chinese version of Uber, is going to de-list from the New York Stock Exchange despite only IPO-ing 6 months ago - and it now plans to re-list in Hong Kong.
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Commbank’s New York-based crypto exchange partner, Gemini, is planning to launch an ‘income product’ for everyday Aussie investors.
Westpac is slashing jobs in its $45b superannuation arm BT, as it prepares to sell the business over the coming months.
Luxury goods maker Hermés will list be added to the Euro Stoxx 50, where Europe’s top stocks are listed, after shares jumped 90% this year.
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Woolies has thrown a last-minute bid to acquire the owner of pharmacy chain Priceline - an offer that tops Wesfarmers’ offer from a month ago.
Payments platform Square is changing its name to Block from December 10 - possibly after getting FOMO from Meta.
Medical tech startup Harrison.ai has raised $129 million in one of the largest funding rounds ever for an Aussie startup.
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Netflix will finally start paying tax on its $1 billion-plus Australian subscriber revenue, as it converts to a local entity structure.
Aussie media giant Seven West Media has invested around $10 million into micro-investing platform Raiz.
The UK’s antitrust watchdog has ordered Facebook (aka Meta) to sell Giphy.
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The corporate regulator has launched 6 lawsuits against Westpac for allegedly charging dead customers financial advice fees.
Mr Yum, the Aussie mobile ordering platform, has raised a whopping US$65 million - after the pandemic and social distancing increased its adoption.
Twitter co-founder Jack Dorsey has stepped down from his role as CE .and is passing the reins to the company’s chief technology officer.
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Channel 7 and Channel 9 have both claimed victory in the 2021 TV ratings battle... and they’re both right depending on which way you look at it.
The new covid variant, Omicron, has caused major sell-offs in share markets - in Australia and around the world - as investors panic.
The augmented reality platform that developed Pokemon Go, Niantic, is now valued at US$9 billion (and is obviously now a ‘metaverse’ company).
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QSuper has been sued by its members in a class action because members believe they were overcharged for life insurance fees.
Nike has created its own virtual world named Nikeland inside the online video game platform Roblox.
Zoom’s share price tanked 15% last week - even though the company reported better-than-expected earnings.
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Homewares retailer Adairs has acquired Focus on Furniture for $80 million in a play to expand into the furniture and bedding industry.
Rest Super has become the first super fund to announce it will invest a portion of its funds in crypto assets.
Tinder’s owner, Match Group, will expand beyond the digital dating world into the physical world by introducing human matchmakers to its service.
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Vodafone is trying to compete head on with NBN by cutting prices on its 4G and 5G internet plans.
Life360, a family tracking app has acquired key and wallet finder app Tile for nearly $300m.
Spotify is partnering with Netflix to create a ‘Netflix Hub’ to help listeners browse soundtracks from Netflix shows.
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Aussie telcos, including Telstra, Optus and TPG are in the firing line after streaming giants and film studios are suing them over piracy concerns.
Twitter is getting into the e-commerce game by launching a livestream shopping event, with a US department store.
The former CEO of market-darling Theranos has hit the courts, in the highest-profile fraud case to come out of Silicon Valley.
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Several industry superfunds could become insolvent from January, thanks to a new law that stops them from using members’ cash to pay fines.
Crown Resorts could open its books to private equity behemoth Blackstone, in the hope it will convince Blackstone to up its latest $8.46 billion bid for the company.
Graphics company Nvidia has announced another quarter of record sales ($9.8B) following unparalleled demand for videogaming, data centers and the ‘omniverse’.
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Optus has won the rights to be the exclusive broadcaster of English Premier League football for the next six seasons, winning a ‘blind auction’.
Apple is ramping up its electric car plans and is refocusing the project around full self-driving capabilities - aiming to become the no.1 player in the industry.
Staples Centre, the Iconic Los Angeles sports arena, will rebrand to Crypto.com Arena after the crypto exchange bought naming rights for a rumoured US$700M.
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CommBank shares had their biggest single-day drop since March 2020 earlier this week, as investors worry about competition in the mortgage space and the record low cash rate.
Nestle expects to almost double e-commerce sales to 25% of total company sales by 2025 - by pushing sales to consumers directly via its own online channel.
Crypto fans are uniting to spend millions of dollars worth of crypto to bid for an original copy of the US Constitution.
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Aussie bank Macquarie wants to shake up Australia’s property market by spending $500m on new ‘build-to-rent’ complexes around Australia.
Revenue at Warner Music, the record label of Dua Lipa and Ed Sheeran, has increased by 22% thanks to TikTok and fitness platform Peloton.
Casper, the OG ‘mattress in a box’ retailer, is going private again - less than 2 years after they went public via a big splashy IPO.
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Telstra is fighting back against energy retailers that sell internet and telco services, stating it will begin selling energy and gas to Aussies by June 2022.
Zoomo, the Aussie startup that builds e-bikes and offers subscriptions to gig workers and couriers, wants to be the next big electric vehicle company after raising US$60 million.
Disney, which owns sports network ESPN, is considering entering sports betting to boost its entertainment business as its Disney+ streaming numbers start to slow down.
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The High Court of Australia has refused to hear Volkswagen’s appeal against the record A$125 million fine imposed on it after deceiving customers about the environmental performance of its cars.
Taylor Swift has re-released her 2012 album Red, and as a result the balance of power between record labels and musicians could be starting to shift.
Beyond Meat has admitted that demand for its products is slowing at restaurants and supermarkets, indicating the industry could be approaching its saturation point.
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Victoria’s Secret has been sued by the company that owns Kayla Itsines’ Sweat, for allegedly copying its trademark.
Coffee brand De’longhi Australia has gone direct-to-consumer with its first ever luxury coffee lounge.
Amazon has opened a 35,000 square foot supermarket with no cash registers - suggesting the company is serious about dominating the grocery market.
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Just 7% of Aussies who found out they were in a dud superannuation fund actually did something about it, according to a new report from APRA.
Aussie logistics company GetSwift has been found to have made misleading statements on their sharemarket updates.
Electric vehicle maker Rivian Automotive has had the world’s biggest IPO for 2021.
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Auction clearance rates have declined over the last few weeks across Australia, meaning the property market could be cooling down.
Global giant GE will break itself into three companies - focused on aviation, healthcare and energy - following years of company underperformance.
OpenWeb, a platform used by publishers to manage social media comments, has become a $1B unicorn - as publishers realise the importance of relationships with their communities.
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Amazon Prime Video’s Australian arm has announced plans to aggregate rival on-demand video and streaming services in one spot.
Entertainment company Live Nation has seen its shares drop by nearly 10% following Travis Scott’s Astroworld concert.
The unique collab between Tiffany and Supreme launches this week, and it is expected to boost brand awareness for both companies.
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Aussie plant-based food maker v2food is rolling out plant-based food in China with new culturally-relevant meals.
IKEA is set to launch a second-hand marketplace for Aussies to buy pre-loved furniture in early 2022.
Nike has gone on a trademark spree, a signal that the company could be preparing to sell virtual footwear in the metaverse.
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An Aussie crypto ETF launched on the ASX and became the largest traded ETF on opening day.
Eco friendly footwear and clothing company Allbirds listed on the share market and saw shares soar by almost 93% on its first day of trading.
Luxury goods company Chanel is hiking its prices on some of its most popular stock ahead of the Christmas period.
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Online bookshop Booktopia has launched an eBook subscription service to capture more recurring book readers and recurring revenue.
Microsoft is entering the Metaverse with new 3D Avatars for your next Teams meeting
Bittersweet news from BMW who reported better-than-expected quarterly earnings...but their car deliveries have dropped off.
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CommBank will let its customers hold and use bitcoin via its app to attract to young customers and keep up with PayPal and Square.
Zoom is introducing a pilot advertising program that will show ads to users on its “Basic” free tier.
Estée Lauder sales have increased by almost $1B (USD) as consumers return to physical stores in search of that post-pandemic glow.
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Following a pivot during covid, Betty’s Burgers has sees sales rise big time, proving to be a winner for its owner Retail Zoo, which also owns Boost Juice.
At-home exercise company Peloton is bringing gym classes to airplane flights through a new partnership.
Epic Games is shutting down its efforts to bring highly popular video game Fortnite to the Chinese market following continued regulatory scrutiny.
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David Jones has achieved its first net profit since 2018 - breaking a three-year streak of losses, partially thanks to JobKeeper.
Channel 7 owner Seven West Media has finally acquired regional broadcaster Prime Media for $132 million, 2 years after Seven first tried to buy Prime.
The parent company of popular survey tool SurveyMonkey has been acquired for around $4.13 billion (US) by Zendesk.
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Coke is ending its cider and beer brands in Australia as the company’s new owner sets a fresh strategy.
After sustained backlash against its brand, the corporate entity behind Facebook (and Instagram and WhatsApp) has a new name - Meta.
Oil giant Shell missed its expected profit numbers for the last 3 months, as the company battles to transition towards renewable energy.
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Coles is predicting that Aussies will spend up big this Christmas in a post lockdown spending spree.
Aussie shopping centre company Vicinity has taken a near 20% stake in the owner of Click Frenzy, as the two companies unite to make the most of their appeal to consumers.
LinkedIn has launched a global freelance platform to compete with UpWork and Fiverr.
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Commbank’s Dollarmites program, which turned students into bank customers, has been cut by the bank, following pressure from state governments and ASIC.
Kim Kardashian-West’s shapewear line Skims is collaborating with luxury fashion brand Fendi to launch a new women’s collection.
Adobe has launched a new tool to help social media users identify whether an image has been manipulated or not.
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Facebook will make big changes and focus more on Reels to make Facebook and Instagram more appealing to users aged 18-29.
The co-founder of online retailer Stylerunner is launching a new women’s shopping app to disrupt the digital coupon industry
Amazon founder Jeff Bezos’ Blue Origin wants to launch a space station that will house up to 10 people in the second half of this decade.
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ANZ Bank is betting against buy now, pay later with its $100m bid to acquire cash back company Cashrewards.
Marley Spoon is expanding into pet food delivery to cater for the big number of families that bought pets during the pandemic.
Following news it would help launch Donald Trump’s new social media platform, a ‘special purpose acquisition company’ (SPAC) saw its shares rise 400% last week.
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Woolworths, Coles and Aldi are rolling out vaccine mandates to protect shoppers and staff from COVID-19.
EA Games and FIFA are ending their 3-decade-long relationship, which has produced some of the most profitable video games ever.
Snapchat’s shares fell nearly 25% last week after it acknowledged its ad business “was disrupted” by changes to Apple’s latest privacy terms changes.
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CommBank is rolling out new payments terminals as it ramps up its fight against newer financial technology companies that have cut its lunch.
Paypal is exploring an acquisition of social media company Pinterest for nearly $52 billion.
Nestle has exceeded its own expectations for the last 3 months, after increasing prices by 2% for some of its top brands.
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Flight Centre thinks it can get back to monthly profits this financial year, as the travel industry gets ready to swing back into action.
Netflix has added 4.4 million subscribers, and has praised Squid Game for its much needed growth.
Global pharmaceutical company Johnson & Johnson is expecting $3.3 billion of vaccine sales this year.
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Mercedes-Benz will defend a $650m Federal Court action launched by a majority of its Australian dealerships.
A four-year-old supermarket advertising startup, founded by a former AFL player, has been acquired for $205m by a French multinational.
Microsoft is shutting down LinkedIn in China as internet censorship increases in the country.
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Aussie pokies machine maker Aristocrat Leisure wants to expand its market dominance and has made a $3.9B bid for a UK online gambling and content supplier.
The ecommerce division of Saks Fifth Avenue is preparing for its IPO - and it could value the company at over $8B.
Square, the new owner of Afterpay, is looking to build its own bitcoin mining system.
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Qantas will receive $802m from the sale of land next to Sydney Airport, making it one of the big winners from Australia’s industrial property boom.
DoorDash is introducing search-page ads for restaurants, as food-delivery apps move deeper into advertising to boost revenue.
Aussie gym company Body Fit Training has sold its IP for $60m to Xponential Fitness as it plans to beef up its US presence.
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The RBA has warned that climate-conscious investors could “divest” from Australia, as financial markets go green.
Mindbody has acquired ClassPass and it looks like it could be a partnership made in business-heaven.
TV network Fox is stepping outside of its comfort zone and is trying to build a Masked Singer NFT community.
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QR codes could soon become a common way to pay, with Coles and Woolworths supporting a new QR payments platform developed by eftpos.
To attract premium advertisers, TV network Seven has signed a deal to broadcast the Commonwealth Games in the UK next year.
Canva wants to make design accessible to everyone and is now expanding into video editing.
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A new budget airline named Bonza will launch in Australia in early 2022 to compete with Jetstar and Virgin.
ASOS’ CEO has stepped down following an announcement that profit will take a hit due to supply-chain issues and returns.
Texas is getting closer to becoming the world’s new home for tech companies, as Tesla announces that it is moving its HQ to Austin.
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Aussie gambling company Star Entertainment Group is in the spotlight after allegations it facilitated ‘money laundering’.
Pinterest wants to reclaim e-commerce marketshare from rival social platforms and has rolled out new major features to entice shoppers and advertisers to its platform.
Nike has demonstrated it is capable of appealing to all age groups after being recognised as the number 1 footwear and apparel brand for Gen Z.
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Amazon is reportedly working on a smart fridge that can monitor items and help you order replacements if you’re running low on something.
After 18 years Ireland has dropped its 12.5% tax rate, which attracted companies like Google and Facebook to locate their European HQs there.
Foxtel is planning to sell smart TVs over the next few years in a move that could mark the beginning of the end for its traditional set-top box.
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Westfield has launched a click and collect service that removes the need for shoppers to buy items through individual stores.
Coles is ending its in-store butcher service this weekend, and from Monday will only offer pre-packaged meat.
Google and Aussie shopping centre giant Vicinity Centres have partnered to deliver goods to homes and businesses via drone.
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To cool the housing market, APRA will force banks to be more conservative when assessing how much new customers can borrow.
A2 Milk has been hit with a class action lawsuit by investors who have been disappointed by the poor performance of the company’s share price.
Pepsi has been raising its drink prices, and the company says more price hikes could be on the way to offset increases in its own production costs.
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Qantas and Emirates are applying for a five-year extension to the agreement that allows them to coordinate pricing and schedules.
Facebook and its Instagram and WhatsApp platforms have suffered a worldwide outage that lasted more than six hours.
As major car makers struggle to produce cars due to supply shortages, Tesla has delivered a record number of cars.
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World leaders, celebrities and billionaires have been caught up in the largest leak of offshore accounts in history - and around 400 Aussies are involved too.
Aussies who are fully vaccinated have the chance to win a $1 million prize - it’s all part of a new lottery created by a group philanthropists.
Aussie furniture retailer Nick Scali will almost double its size after it announcing it will buy competitor Plush for $103m.
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Kikki.K could be saved from being wound up (for a second time) after receiving potential acquisition offers.
TikTok has partnered with Aussie fintech Immutable to let fans trade online videos as NFTs (non-fungible tokens).
As Netflix buys its first video game studio, Sony’s PlayStation is on a spending spree - acquiring almost every studio in can.
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Junkee Media, the Aussie youth publisher, is up for sale and could be acquired by the owner of Rolling Stone and Variety magazines.
The US government will run out of money by October 18, according to the US Treasury.
The “world price of coffee” has increased 21.6% this year, meaning coffee drinkers could soon be paying even more for a cup.
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The Iconic will let customers opt in to reselling their purchases... the second they’ve actually purchased them.
Google’s advertising business creates conflicts of interest that harm businesses and consumers - according to a new ACCC report.
Lego doubled its earnings in the first six months of the year as customers flocked to its reopened stores to buy Star Wars building sets and plastic flower bouquets.
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Woolworths is launching an online marketplace that will rival Amazon and eBay for sales of everything from lego to cat food.
Instagram has paused its plans to develop a version of its platform for children under 13 after receiving backlash from critics.
China has now made it illegal to buy, sell and mine crypto as the country strives to maintain control of its currency.
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Hungry Jack’s is going all in on Australia’s fried chicken wars, and is adding new burgers to its menu to fight KFC.
Nike profits are up 23% but major supply chain issues are forcing the company to slash forecasted revenue for this year.
Amazon is reportedly planning to open department stores with high-tech dressing rooms and its own apparel brands.
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Gambling giant Sportsbet is one of the top 5 advertisers in Australia, spending $139 million on ads and sponsorships last year.
Luxury watch maker Rolex says the scarcity of its products isn’t a marketing strategy (even though it’s never been more expensive to buy their products).
The EU has revealed plans to standardise phone and laptop charging cords, which could see a major drop in revenue for Apple.
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Delivery workers from Australia Post subsidiary StarTrack walked off the job yesterday, threatening disruptions to parcel deliveries nationwide.
Netflix has bought the Roald Dahl Story Company - giving it exclusive rights to stories like Matilda and Charlie and the Chocolate Factory.
Share trading app Robinhood will begin testing a crypto wallet as it ventures into Coinbase’s lucrative territory.
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The financial pain is set to continue at Kathmandu as lockdowns hurt sales and supply chain issues cause stock shortages.
To attract more users to its Money app, Afterpay is going to let customers retrospectively turn purchases into buy now, pay later transactions.
The collapse of major Chinese property developer Evergrande could send shockwaves through the Aussie and global economies.
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The company that owns Culture Kings and Princess Polly could be headed for a billion-dollar payday as it plans an IPO.
2021 is shaping up to be a cracker year for Aussie tech companies as payments company Airwallex hits a US$4 billion valuation.
Microsoft is going on a major shopping spree - on itself - and will spend US$60 billion to buy back its own shares.
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The valuation of Aussie tech unicorn Atlassian has surpassed the US$100 billion mark.
Department store Myer has turned around a $172 million loss from last year into a $46 million profit this year.
WhatsApp is going back to the future by launching an in-app Yellow Pages-style business directory.
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CommBank is pleading guilty to criminal charges over its junk insurance products.
Bondi Sands has decided against selling the company, as the believe reckon it’s better off in their own hands - despite a $320M valuation.
Crocs is expecting more than US$5 billion in revenue by 2026, thanks to some major collabs with celebs.
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Who Gives A Crap, the eco-friendly toilet paper maker, has raised $41.5M from big name investors, including the founder of Atlassian.
Online tabloid TMZ has been sold to Fox Entertainment in a deal worth around US$50M.
Flo, an app that offers female fertility tracking, has raised US$50 million as women’s health tech booms.
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Aussie design startup Canva has doubled its valuation to US$40 billion, making it the fifth most valuable startup in the world.
Zip, the Aussie buy now, pay later giant, wants to add another element to its payments toolbox - crypto.
To attract content creators, LinkedIn has launched a US$25M fund to pay creators and boost their content.
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McDonald’s Australia has been found to have broken advertising rules, after a local radio host posted an Insta pic.
China is breaking up the nation’s largest finance app, Alipay, and will force the company to turn over user data to a new joint venture partly owned by China.
Amazon is working on a new point-of-sale system to snatch merchants from Shopify, Square, and PayPal.
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In quite a backflip, the rest of Disney’s 2021 film releases will get exclusive runs in cinemas before they appear on streaming.
CommBank is being sued by a Colombian-Australian crypto group over a scam warning that the bank sent to its customers.
A judge has ruled that Apple can’t stop app makers from adding links for alternative payments.
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Beer giant Lion has bought Byron Bay craft brewer Stone & Wood in a deal reportedly worth upwards of $300 million.
The High Court has ruled that media companies can be held responsible for comments readers leave on their social media pages.
Facebook and Ray Ban have released their new ‘smart glasses’ which let you take photos and video hands-free.
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Uber says Australia needs to move away from fuel taxes in order to increase the uptake of electric vehicles.
Just like its rivals Apple, Facebook and Google, Microsoft is launching a personalised news service.
Crypto platform Coinbase wants to get into lending, but the company says it could be sued by regulators if it does.
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Global software giant Microsoft is buying Aussie video editing startup Clipchamp for an undisclosed amount.
El Salvador has officially become the first country in the world to accept Bitcoin as legal tender.
Facebook thinks it’s finally ready to launch its most ambitious product in years - a digital wallet.
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Foxtel has launched a new set top box that it is calling the 'ultimate streaming machine'.
Mercedes Benz has revealed its new electric vehicles as it plans to electrify its entire car lineup by 2022.
Payments giant PayPal has signalled it may launch a share trading platform to rival Robinhood.
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Qantas Loyalty, which sells frequent flyer points to banks and retailers, has seen earnings drop 30% thanks to covid.
New York University (aka NYU) is accusing Aussie med-tech company ResMed of ripping off its sleep apnea product.
Allbirds, the Kiwi shoe and clothing company, is describing its upcoming IPO as the ‘first sustainable public equity offering’.
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The Reserve Bank of Australia is dipping its toes into the crypto world by testing out digital currencies - specifically for international payments.
Apple wants to turn our wallets into a thing of the past - after announcing its new virtual driver’s licence capability.
Global payments giant Mastercard has announced it wants a slice of Australia’s brand new ‘open banking’ market.
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BHP and mining giant Andrew Forrest are locked in a battle royale to acquire a Canadian nickel miner.
Apple is ramping up its health-tech game with new Apple Watch features that help with blood pressure and fertility planning.
Telstra has joined the vax party and is dishing out rewards to fully vaccinated Telstra customers.
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The ‘brand strength’ of Pfizer has jumped more than 15 places to no. 30 in the latest global brand strength survey.
Coca-Cola Australia is joining the hard-seltzer train with its first ever alcoholic drink: Topo Chico.
To diversify her income and connect with fans, gymnastics star Simone Biles has released an NFT collection on Tom Brady’s NFT platform.
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Webjet expects to be ‘cash flow positive’ in 2022 thanks to its post-COVID strategy, WebBeds, an intermediary between hotels and travel agents.
While Spotify buys cultural podcast brands like Joe Rogan and The Ringer, Apple has bought a classical music streaming service.
Splitit, another local buy now pay later company, has seen its merchant sales increase 94% - as the BNPL industry goes merger crazy.
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Adore Beauty has achieved its first profit - in its first year as a public company - following a big 12 months of lockdown-inspired sales.
Crown Resorts, the $6.3 billion Aussie casino operator, has lost $261 million after COVID forced its venues to shut.
TikTok is following Facebook and Snap by building its own ‘augmented reality’ platform, as the AR ad industry gets set to balloon to $11B by 2024.
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Aussie-owned beauty company BWX is buying in to Zoë Foster-Blake’s Go-To Skincare for $89 million.
At-home fitness company Peloton, which counts many celebs as fans, has reported a surprise drop in customer growth as the world opens up.
Global gaming giant Fortnite has introduced a Martin Luther King experience within the game where users can listen to MLK’s I Have A Dream speech.
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Rules: Play the Flux daily quiz each day this week Create an account at https://quiz.flux.finance/ Complete the 5 business news questions each day See how you performed against the rest of the Flux family If you are at the top of the Leaderboard after Friday 3rd September - you'll win brand new set of Airpods.
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Hey hey Flux fam and happy Saturday!
A lot has changed in super this year - and it definitely affects you. So, grab a beverage and get ready to enjoy around 7 minutes of pure educational delight.
Oh, and it's all thanks to our friends at CareSuper. They certainly know a thing or two about how to outperform.
https://www.caresuper.com.au/outperform
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A2 Milk is on the lookout for new growth opportunities as its (formerly) lucrative Chinese market shrinks.
Woolworths is giving shareholders $2 billion after spinning off its hotel and liquor business Endeavour Group.
Meditation app Headspace and mental health service Ginger are merging together to form Headspace Health.
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Coles has refinanced $1.3 billion worth of debt with ‘sustainability linked loans’.
Medibank Private has achieved a profit bonanza, largely thanks to its cheaper brand for young Aussies, AHM.
TikTok has announced it is moving into the e-commerce space with a new Shopify partnership.
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BHP could see its credit rating drop to a record low after its oil & gas business merges with Woodside Petroleum.
The owner of Click Frenzy is buying a NZ-based online marketplace for almost $17M, primarily for its large database.
Users of live-streaming gaming platform Twitch are holding a one-day blackout to raise awareness over hateful practices on the platform.
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Aussie furniture retailer Adairs has achieved another record year of sales - up almost 30% to $500M - thanks to its ‘omni-channel model’.
Microsoft has stepped outside its comfort zone with an investment of around $7 million (AUD) into an Indian hotel chain named Oyo.
Aussie company Spark Infrastructure has agreed to a $5B buyout from private equity firms, as low interest rates drive acquisition activity globally.
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Aussie telco TPG has saved $38 million as a result of its recent merger with Vodafone.
UniSuper is threatening to divest from Aussie biotech giant CSL unless it makes plans to reach a net-zero emissions target.
Facebook is facing new anti-trust complaints over its ‘buy or bury’ tactics, which have supposedly given the company an illegal monopoly.
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Penfolds-maker Treasury Wine Estates has increased its profits despite massive tariffs from the Chinese government.
Tesla’s so-called ‘autopilot’ technology is under investigation for potentially being misleading after multiple crashes.
Origin Energy has slumped to a $2.3 billion loss thanks to heavy ‘write-downs’ in the value of its assets.
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Optus is entering the subscription game by launching a one-stop-shop for managing subscriptions and memberships.
CommBank is launching a new buy now pay later tool - and it plans to generate significant revenue from related ‘swipe fees’.
OnlyFans, the not-safe-for-work platform, is launching a safe-for-work app in order to get into the good books of Apple and Google.
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Domain, the real estate platform owned by Nine, will pay back its JobKeeper cash after a strong rebound in profits.
Breville has cracked the $1 billion sales mark for the first time - thanks to the DIY coffee movement.
Virgin founder Richard Branson is selling down his ownership in Virgin Galactic to help fund two covid-hit Virgin businesses (airlines and cruises).
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Bendigo Bank has acquired 100% of fast-growing Aussie neobank Up.
JB Hi-Fi profits have jumped 67% to $506 million off the back of more strong demand for consumer goods.
Reddit is the latest platform to roll out short videos in an attempt to steal users from TikTok.
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Baby Bunting, Australia’s largest baby goods retailer, has reported a 76% increase in net profits.
TikTok is adding more privacy protections for minors after seeing Chinese regulators crack down on its peers.
Sales at Weight Watchers are shrinking as consumers prioritise overall wellness above their waistlines.
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The heads of Afterpay, Canva and Atlassian have formed the Australian Tech Council - to create 1 million tech jobs in Aus.
Aussie energy giant AGL has gone from $1B profit to $2B loss - as the shift to renewables hits their bottom line.
Soccer superstar Lionel Messi’s $235m move from Barcelona to Paris has highlighted the growing inequality in the sport.
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CommBank is giving back $10 billion to its shareholders after a bumper earnings result.
Robinhood is spending $140M on a platform that lets investors communicate with the companies they’ve invested in.
Salesforce is launching its own streaming service - Salesforce+ - as a way to acquire more business customers.
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CommBank will let business customers that switch to Klarna pay no merchant fees for six months.
Warren Buffett is betting on himself by buying US$6 billion worth of shares in his own company as profits balloon.
NAB is buying Citi’s Australian consumer banking division for $1.2 billion to grow its share of the credit card market.
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Netflix is partnering with the NSW government and Screenworks to provide free skills training for entry into screen industry careers.
Snap has partnered with six Australian content houses, including Pedestrian.TV and LADbible Aus, to bring new shows to its Discover section.
Australian aged care facility Regis Healthcare has underpaid staff over the last 6 years by between $30m - $40m.
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Aussie plant-based meat company V2, which is backed by the founder of Hungry Jack’s, has raised $72M to expand into China and Europe.
News Corp has recorded its best financial year since 2013 - largely thanks to streaming services Kayo Sports and Binge.
Question & answer website Quora has launched a subscription service to make its platform more appealing for creators.
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Rihanna, the pop sensation and entrepreneur, is officially a billionaire.
Gina Rinehart’s Roy Hill iron ore mine has given almost $3 billion in dividends to shareholders so far this year.
Profits at Sony have increased 26% to $3.4B over the last 3 months, as demand for PS5s continue to grow post lockdowns.
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Facebook is finally launching its News section in Australia after spending months cutting deals with local publishers.
YouTube has launched a $135 million fund to entice creators to use its TikTok-replica, Shorts.
The former CEO of Australia Post, Christine Holgate, has received a $1 million termination payment from her ex employer.
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Jack Dorsey, the CEO of Twitter and and Square, has revealed his plans for Afterpay after buying them for a lazy $39B.
Reese Witherspoon’s media company, Hello Sunshine, has been sold to a group of ex-Disney executives for $1.2 billion.
Qantas has stood down a further 2,500 staff as the Sydney lockdown continues.
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Afterpay will be acquired for $39 billion by payments giant Square - in the biggest acquisition in Aussie history.
Network Ten wants to boost its investment in live sport - despite recording a $3 million loss last year.
Global petrol giants ExxonMobil and Chevron exceeded profit expectations over the last 3 months - as international travel resumes and oil prices rebound.
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Optus is teaming up with ride-sharing giant Uber to deliver mobile phones to consumers’ homes in under an hour.
Australian HR company Culture Amp has raised $100M USD in a new funding round - valuing the company at $1.5B USD.
Movie star Scarlett Johansson is suing Disney for releasing Black Widow on Disney+ at the same time as in cinemas.
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The Commonwealth Bank has called out ApplePay for being anti-competitive on tap-and-go payments.
Vaccine maker Pfizer expects $45 billion in vaccine sales this year.
SoftBank has lost around $5.4 billion on its investment into Chinese ride-hailing app Didi, as regulators continue their crackdown.
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Spaceship, the micro-investing app, is now managing more than $1 billion in investments from nearly 200,000 Aussies.
Tiffany & Co is getting a brand makeover and is aiming to target younger consumers with an aggressive campaign.
Duolingo, the language learning app, has increased the price-per-share target just ahead of its IPO.
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Global cigarette maker Philip Morris International wants cigarettes banned in the UK by 2030. Um, what?
Infamous share trading app Robinhood is considering launching retirement accounts as it prepares for its long awaited IPO this week.
Aussie online health clinic Mosh has raised $10m as home delivery becomes routine for over 5 million Aussies.
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Lorna Jane has been fined $5 million for claiming certain products prevented covid from spreading.
Aussie buy now pay later company Zip believes the future of its business is offshore - as growth in its local business slows down.
Volvo has achieved record financial results - ahead of where it was at pre pandemic - and as a result is considering an IPO.
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Coles is ending its Little Shop plastic toy promotions as it strives to become Australia’s most sustainable supermarket.
Aussie miner BHP has closed a deal with Tesla, the world’s biggest electric car maker, to supply nickel for its batteries.
Salesforce has closed its $27.7 billion USD purchase of Slack - bringing Slack one step closer to its goal of killing email.
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Brisbane can expect economic losses as host of the 2032 summer Olympic and Paralympic Games.
Aussie cosmetics giant Mecca is striving to enter the content and media space with its new podcast.
Commbank is expanding into the telco space after acquiring 25% of an industry upstart - and the bank has plans to offer discounted broadband.
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Aussie furniture retailer Nick Scali is preparing a bid to buy rival Plush Sofas - as the industry consolidates.
JB Hi-Fi’s profit is expected to rise by around 67% as Aussies continue to spend money on electronics and appliances in lockdowns.
Australia-born mining giant BHP is said to be considering exiting the oil and gas business as investors turn against fossil fuels.
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Afterpay is launching a new banking app to take on the big banks, and it has its eyes on Gen Z and millennial women.
After two failed attempts at a premium app, CNN is launching a new streaming service named CNN+.
Major Olympic Games sponsor Toyota is refusing to run Games-related TV ads - just days from the big event.
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The RBA has revealed that borrowing money to buy shares ('margin lending') is at an 11-year high.
Movie-maker Warner Bros has partnered with over 200 big brands to promote its new Space Jam movie.
Chinese tech company Xiaomi has surpassed Apple to become the world’s second-biggest smartphone maker.
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The Reserve Bank of Aus is chatting with other central banks about a “central bank digital currency” for everyday use.
Netflix is making its first big move beyond TV and movies, with plans to expand into video games.
LG has invested over $7 billion in batteries and announced it wants to service the entire renewable energy industry.
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Sydney Airport’s board has rejected a $22 billion takeover offer from local and international investors.
Facebook and Instagram will spend $1.3 billion on social media creators in a fight to retain top talent.
Levi’s has capitalised on the death of skinny jeans, with shares up 46% this year.
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Apple is entering the buy now pay later space, whilst PayPal has ditched late fees, adding pressure on Afterpay.
Aldi is developing a new small store format to expand into heavily populated urban locations - just like Woolies.
HelloFresh wants to get into the ready-made meal space and has offered to buy Aussie company Youfoodz for $125 million.
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Wesfarmers, the owner of Bunnings and Officeworks, could be getting into the pharmacy space, offering $687 million to buy the owner of Priceline.
Telstra has launched its first brand campaign since 2016 as it strives to win back trust from the Australian community.
Microsoft will acquire security intelligence company RiskIQ to fight back against the rise of cyber attacks on companies.
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Westpac has lost around $290 million to an Australian fraudster and his company.
Glossier, the makeup brand adored by millennials, has reached a $2.4 billion valuation off the back of a big 2020.
China’s competition regulator is blocking Tencent’s $7B plan to merge China’s top two video game sites.
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F45, the Aussie-born fitness chain backed by Mark Wahlberg, is finally going public and expects a valuation around $2B.
The European Union has fined BMW, VW, Audi and Porsche for colluding on emission control technology.
Visa has announced itself to the crypto world by striking a partnership with over 50 crypto companies.
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The retail billionaire behind Smiggle and Peter Alexander wants to flip Myer’s board after buying $16.4 million worth of shares in the company.
Chobani, the greek yoghurt maker, has announced its plans for a big fat, creamy IPO - with some expecting a valuation around $13 billion.
Wise, the company formerly known as TransferWise, has been valued at $16 billion on its first day of trading post listing.
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Foxtel owners News Corp and Telstra are considering an IPO for the company, as Kayo and Binge grow significantly.
Telstra will pay $25M in refunds to over 50,000 customers after it failed to inform them of slower than promised NBN speeds.
Softbank, known for big investments in WeWork and Uber, has bought a Yahoo trademark license for $2.1 billion.
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A group of Aussie and global investors has proposed to buy Sydney Airport for $22 billion.
Zoom is pioneering video-based commerce and will start helping consumers shop without going into stores.
TikTok is raising the stakes against rival YouTube as the company rolls out longer videos.
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Australian share trading app Superhero is adding US shares to its platform as it strives to compete with CommSec.
China has ordered the removal of ride-sharing app Didi from app stores - just days after their IPO.
Life insurers are bracing for a potential $1.5 billion hit after lockdown - as fewer people go to the doctor to get regular check ups.
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Aussie lingerie brand Honey Birdette has been sold to the owner of Playboy for $443 million.
Share trading app Robinhood has announced its IPO plans one day after copping a record-breaking fine from regulators.
Dating app Bumble is opening a restaurant, as it expands into hospitality and networking.
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Telstra has sold half of its mobile phone tower network for $2.8 billion - and it believes the sale won’t impact its strong position in the market.
Aussie tech company Nuix is facing bombshell insider trading allegations as ASIC puts their IPO under the microscope.
Shares in China’s version of Uber, named Didi, have hit $91 billion just after their massive IPO.
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Commonwealth Bank and NAB have extended their lucrative banking deals with Australia Post by a decade.
Facebook has launched an independent publishing/newsletter platform named “Bulletin” to fight Substack and Twitter.
Elon Musk’s Starlink is on track to deliver internet across the globe within weeks (possibly to 500,000 people over the next year).
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Uber Australia says its new monthly subscription service UberPass will help it build a more stable business over the next few years.
The government is open to bringing in skilled migrants to combat Australia’s slowing economic growth and population.
Facebook’s market value has surpassed $1 trillion for the first time.
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Facebook has rejected talks with Aussie publisher The Conversation, which could test the government’s new media code.
Nike shares surged 15% and hit a record high as a result of a post-lockdown sales boost.
Panasonic, the Japanese electronics giant, has sold its stake in Tesla for $4.7 billion as their relationship cools.
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Afterpay will let shoppers ‘shop anywhere’ (not only where Afterpay is offered) when using the company’s new virtual card.
Ray-Ban maker EssilorLuxottica is considering suing the company it planned to buy for $11.3 billion.
BuzzFeed is going public - but not through the traditional IPO path - instead via SPAC, a special-purpose acquisition company.
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Virgin Australia is promising millions of frequent flyer points to vaccinated Aussies once borders open.
Commbank predicts interest rates will rise in 2022 - which would have major implications for the Aussie housing market.
Tinder has revealed some of the biggest changes to the app since its 2012 launch - to cater for a more Gen Z userbase.
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Commbank is continuing to sell ‘non-core’ divisions - and has now sold its home and car insurance arm for around $1 billion.
To fight off competitors, Twitter has opened up applications to test its new features - super follows and ticketed spaces.
Microsoft is now worth US$2 trillion and has joined Apple in the exclusive club.
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Go1, the QLD based corporate training marketplace, has become Australia’s latest unicorn - cracking the $1 billion valuation.
After shutting down its game development business in 2016, Disney has made a big comeback in the space this month.
Bitcoin prices continue to slump as China tightens its crackdown on bitcoin mining.
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The Seven Network has claimed it will win the TV ratings this year ahead of rival Nine - for the first time since 2018.
OnlyFans, the content subscription platform with focus on adult content, is raising new funding at valuation over $1.3 billion.
Spotify has launched its rival to Clubhouse - Spotify Greenroom - as it strives to give creators a place to connect with fans.
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Coles will spend $2.5 billion over the next 2 years on a better online shopping experience, plus trolley-sized self serve checkouts.
Sky News Australia will launch a new free-to-air channel that will reach around 7 million regional Australians.
Chinese shopping retailer Shein has overtaken Amazon to become the #1 e-commerce app in the US.
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What The Flux is Australia's no.1 business news podcast - and thanks to you Flux fam, we've grown our community to over 200,000 Aussies.
Today, we are really excited to share our first exclusive interview. Get to know the real (Treasurer) Josh Frydenberg as we ask him about: How he felt about “Josh Frydenberg, young and hot” becoming a popular Google search? His toughest opponent - Pat Rafter or Mark Zuckerberg? (Hint: he also speaks about his net worth..compared to the Zuck) The impact COVID had on him personally Learning from setbacks And plenty plenty pleeenty more
SUBSCRIBE or FOLLOW to stay on top of Australian and global business news (in 5 minutes each weekday). You'll be smarter than your boss in no time.
What the Flux is the daily podcast from Flux Finance, a popular app making finance digestible for over 200,000 Gen Z and young millennials. The app turns financial education into a game where young Aussies can win weekly prizes for adopting positive financial habits.
Given that 1 in 2 young Australians receive no financial education at school, Flux Finance strives to bridge Australia’s financial literacy deficit by helping young Australians better understand money and make informed financial decisions - with a bit of spice.
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Sales of zero alcohol beer are growing faster than any other segment of the beer industry - even outpacing craft beer.
Two major sports stars have snubbed Heineken and Coca-Cola during press conferences - in what’s been dubbed ‘Bottlegate'.
Facebook has shared that the launch if its cryptocurrency named Diem (formerly known as Libra) is only months away.
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Aussie delivery riders say new safety measures on platforms like UberEats and Deliveroo aren’t enough, and only better pay will improve working conditions.
Eftpos and BPay believe their merger will get approved by regulators, despite concerns it could create a monopoly.
The G7 has established its ‘Build Back Better World’ economic strategy to prevent China’s multi-trillion dollar economic influence plan from succeeding.
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Australia and the UK have agreed to a new free trade deal, with a focus on working visas and meat exports.
Peloton, the at-home fitness company loved by Justin Bieber and US President Biden, is launching in Australia.
Hyundai and General Motors are pushing ahead with plans to develop flying cars by 2025.
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Netflix has launched netflix.shop, an online store where viewers can purchase show merchandise.
Facebook is planning to launch a smartwatch that could rival Apple’s.
Australian retail giant, Premier Investments, which owns Smiggle and Just Jeans, is expecting to nearly double its full-year profits.
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Chinese inflation just hit its highest level since 2018, which could mean bad news for countries like Australia.
Aussie SMS marketing/tech company, MessageMedia, has been acquired by Swedish rival Sinch for $1.7 billion.
Facebook has revealed new ways for creators (aka influencers) to make MORE money on Instagram, in Facebook’s first ever 'Creator’s week'.
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Paypal is taking on Afterpay and the big banks by expanding into the physical world - with a brand new credit card.
A 21-year-old Aussie entrepreneur has raised $65 million for his alternative chicken nugget company, Nuggs.
British American Tobacco provided a positive forecast for the rest of 2021 - after a record number of people bought its vaping products.
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The NSW Government has secretly offered $50 million in taxpayer dollars to keep Qantas’ headquarters in Sydney.
An Aussie TikTok family has been named and shamed for promoting a new crypto, prompting questions around influencers and financial advice.
Apple is taking on Zoom and Facebook with its latest updates, which include expanded video conferencing.
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Twitter has picked Australia as one of only two countries to launch its new premium subscription service, Twitter Blue.
Afterpay has recruited actress Rebel Wilson for its new global advertising push in order to spice up its brand image.
G7 nations have reached a landmark deal to set a 15% tax rate on multinational companies like Google, Apple and Amazon.
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Bunnings plans to build a new network of ‘professional’ tool stores and will buy companies that will help it gain market share.
The ABC has asked the government for $90 million to create more children’s and drama content over the next 3 years.
The local arm of co-working giant WeWork has posted a $102 million loss for the 2020 financial year.
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Woolworths has announced it will challenge the big banks with its own payment service businesses.
Airtasker is expanding to the US and has acquired a similar US-based services marketplace for $3.4 million.
Etsy, the online handmade and vintage items retailer, is buying youth-friendly social shopping app Depop for $2 billion.
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The fight between Qantas and Rex Airlines has escalated after Rex took out full page ads highlighting the public’s dissatisfaction with Qantas refunds.
The RBA has kept rates on hold at 0.10% and has said further COVID outbreaks will hurt Australia’s economic recovery.
Zoom’s financial performance exceeded expectations for the first 3 months of 2021, but as the world reopens tough times could be ahead.
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Zara, the global fashion behemoth, is planning on cutting costs in its Australian business following a tough couple of years.
Nestlé has admitted that over 60% of its traditional packaged consumer food and beverage products are not ‘healthy’.
China’s new three-child policy has sent stocks soaring in China’s baby and maternity industry.
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Aussie comparison website Finder is now offering to pay its employees 25% of their salary in bitcoin, rather than cash.
The Australian fashion industry makes over $27 billion annually and employs almost 500,000 workers (77% of whom are women), according to a new report from EY.
Netflix wants the government to ditch a proposal that would introduce content production quotas for streaming companies in Aus.
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The owner of Pizza Hut is buying ASX-listed company Dragontail Systems for $94 million, a company that its rival Domino’s relies upon.
McDonald’s has launched its long-awaited meal with K-pop sensation BTS - Maccas’ first celeb collab to launch globally.
A pro-climate change investor will drive a more green agenda at oil giant ExxonMobil after winning board seats and influence.
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The Australian Tax Office (ATO) has said it is coming after crypto investors at tax time this financial year.
Facebook and Instagram are giving their billions of users the option to hide “likes” on their own posts - and the posts of others.
Meme stock GameStop has announced plans to launch a new platform for non-fungible tokens (NFTs).
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Chemist Warehouse is getting ready to launch a new electronic prescription service - meaning patients can get their prescriptions delivered.
Virgin Galactic has completed its first human spaceflight ever, which means we are one step closer to ‘space tourism’.
The New York Times is looking into the potential acquisition of fast-growing sports media company The Athletic.
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An Australian e-commerce startup - that wants to be the ‘homepage of online shopping’ - has raised $30 million from Commbank (before launching).
Zip Co will invest more than $160 million to buy 100% of two overseas buy now pay later companies - in Europe and the Middle East.
Australia’s chief medical officer won’t rule out a cash lottery or other financial incentives to improve Australia’s vaccination rate.
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eBay is allowing trusted Australian regulators to directly take down listings from its marketplace where there is a risk to consumer safety.
Amazon Prime Video is expanding into sports broadcasting as it prepares its bid for the FIFA 2023 Women’s World Cup to be hosted in Australia.
Snap, the owner of Snapchat, is going all in on augmented reality glasses with the purchase of WaveOptics for around $650 million.
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Qantas has announced it has lost over $16 billion in revenue since COVID began.
The owner of Bonds says the company is now worth $500 million - and Richmond AFL star Dustin Martin has helped it succeed in the youth market.
The founder of TikTok owner ByteDance is stepping down as CEO after admitting he lacks skills that make an ideal manager.
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Global buy-now-pay-later giant Klarna has openly said that its IPO hinges on Brexit and the British government's financial services rules.
The Australian government has said it won’t step in to stop social media influencers in the finance space from spruiking financial advice and crypto.
Plant-based milk company Oatly is going public via IPO - seeking a whopping $13B valuation.
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In a landmark ruling, Australia’s Fair Work Commission has decided that Deliveroo riders are employees.
Aldi, Coles and Woolies are among many brands to commit to making all plastic packaging reusable, recyclable or compostable by 2025.
Amazon wants to buy the movie studio behind James Bond to enhance Amazon Prime - and the company could spend $11.5 billion.
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The owner of the Sukin vegan skinkear brand is buying ethical retailer Flora & Fauna for around $30 million.
In a first for high-end fashion, Gucci will promote its products and a store-like experience within game maker Roblox’s digital world.
America’s largest pipeline for oil transportation was recently hacked, resulting in the company paying $5 million (USD) ransom to the hackers.
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Cadbury has signed on as Rugby Australia’s new principal sponsor for the Wallabies - replacing Qantas after 30 years.
To take on Netflix and Disney+, the owner of HBO and CNN is exploring a merger with the owner of Animal Planet and The Discovery Channel.
Australia’s Islamic finance market is worth $250 billion - and companies are seeking banking licenses to fill the gap in the market.
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Telstra has received the second biggest fine in the history of Australian consumer law – for selling mobile phone plans to Indigenous Australians that left them with major debts.
Aussie wine maker Treasury Wine Estates is pivoting from China to the US market and will start prioritising its Penfolds brand.
SoftBank, the company behind investments in Uber, WeWork and Alibaba, has hit a national record for profits in Japan.
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Australia’s delay to reopening international borders could cost the economy up to $40 billion according to leading economists.
Australian sales at Coca-Cola Amatil jumped 8% due to strong demand for Coca-Cola No Sugar and Coke’s energy drink brands.
After a whole lot of fanfare, Tesla has backflipped and consumers can no longer buy Tesla vehicles with bitcoin.
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The government accelerated record spending to help Australia thrive post pandemic in this year’s federal budget.
Carsales is buying a 49% stake in a US car digital marketing company for a monstrous $767 million.
L Brands has given up on trying to find a buyer for Victoria’s Secret - so it is spinning it off to become its own publicly traded company.
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Australian casino owner Star Entertainment wants to merge with its former nemesis Crown Resorts in a $12 billion deal.
The owner of Seven West Media has made an $8 billion offer for materials company Boral - which was quickly rejected.
The owner of TikTok, ByteDance, is expanding its e-commerce focus as it prepares for a potential IPO.
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Woolworths has confirmed it will split from its liquor business Endeavour Drinks - the owner of Dan Murphys, BWS and a pokies business.
Clubhouse has launched a version for Android phones, but it could be too late as Facebook and Twitter launch clones.
Sennheiser, the German audio company known for supplying DJs with their pro headphones, is selling its consumer brand.
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The owner of Network Ten will launch a new streaming service named Paramount+ in Australia this August.
UberEats continued to grow in the first 3 months of 2021, while Uber’s rides business continued to struggle.
Estée Lauder has seen skincare sales grow 31% (as makeup sales drop 11%) - suggesting a change in consumer behaviour.
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ANZ says the Aussie economy is recovering better than expected after COVID - with its profit for the last six months increasing by 126% to $2.9 billion.
Nestlé is getting into the plant-based milk market to compete with Oatly and Chobani.
Pandora, the world’s biggest jewelry maker, will no longer use mined diamonds, and instead is switching to human-made stones produced in laboratories.
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Rex, Qantas and Virgin are fighting it out in an intense price war, as the three airlines try to attract Aussies back into flying again.
Pfizer generated $4.5 billion in revenue over the first three months of 2021 from its COVID vaccine.
Krispy Kreme has filed to go public via an IPO - meaning the company will return to the stock market for the first time in five years after going private.
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Telstra has received a fine of over $1.5 million for not letting consumers keep their phone numbers when they tried to switch to other mobile networks.
eBay Australia wants to boost sneakers sales - so the company is launching a program to prove the authenticity of shoes sold on its platform.
Aldi Australia is taking their environmental focus to the next level by setting a target of sending zero food waste to landfills by 2023.
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Netflix Australia only paid around $550,000 in tax in 2020 despite estimates that it earned $1 billion or more.
The Australian retail giant that owns Smiggle, Peter Alexander and Just Jeans, has finally given in to pressure and will repay JobKeeper subsidies.
Australia’s share market could launch Australia’s first crypto Exchange Traded Fund (ETF) by the end of the year.
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Asahi, the Japanese drinks behemoth, is getting into the coffee game with the purchase of Aussie-Kiwi brand Allpress.
Nine Entertainment is rebranding its CarAdvice brand to avoid confusion with CarSales.
Verizon, the multinational telco/media company, is looking for a buyer for its digital media unit, which includes Yahoo and AOL.
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Coles has said it will cut prices to stay competitive with Woolworths as Australia’s two giant supermarket chains fight it out for market share.
Bunnings is buying Beaumont Tiles - Australia’s biggest tile retailer.
Apple has announced sales and profits that were way ahead of expectations as consumers keep upgrading iPhones and buy new Macs.
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JB Hi-Fi’s CEO is exiting the company to become the CEO of Premier Investments - the owner of Just Jeans, Peter Alexander and Smiggle.
Spotify has launched a new subscription podcast platform that gives creators the ability to make podcasts exclusively for paid subscribers.
Monopoly maker Hasbro will raise the prices of toys and games to counter a rise in raw material costs.
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Aussie beauty brand Frank Body has sold part of its company to a Chinese private equity firm - valuing the company around $100 million.
The Commonwealth Bank’s school program Dollarmites is being ditched by the Queensland government - following both ACT & VIC.
Toyota has bought the self-driving car unit of one of the world’s largest ride-sharing apps, Lyft, for over $700 million.
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Bunnings’ home renovation videos are leading millions of viewers to its website and YouTube channel - which is driving online sales.
Blackmores, Australia’s biggest vitamins company, believes the $200 million in ‘daigou’ retail sales that have evaporated since COVID will never come back.
Manchester United’s owners would be willing to sell the club for over $7 billion after the European Super League failed spectacularly last week.
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Woolworths is doing an Amazon - the company will launch an online marketplace and will let third parties sell through woolworths.com.au.
Too much stock and slowing sales has impacted Kogan’s performance over the last quarter - and investors have headed for the exits.
Amazon and Nestle have joined forces with several nations in an initiative to save the world’s forests.
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Netflix added only 4 million new subscribers in the last 3 months, 2 million less than what it said it would achieve.
The Australian government has ripped up Victoria’s Belt and Road economic agreement with China - because it is contrary to national interest.
TikTok has struck a big deal with ATTN: to create "TikTok for Good” - videos on topics like environmentalism and animal welfare.
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Target may become an online-only retailer in the future as its ongoing union with Kmart sees its store numbers drop off.
Woolworths is stepping up its focus on data analytics and has spent $223 million to take control of a big Aussie data science company.
The British government and the Bank of England have set up a team to create a digital currency for Britain (ie. a “Britcoin”).
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Afterpay is preparing to IPO for a second time - this time in the US - as it strives to raise its profile amongst global investors.
Facebook has announced a range of new audio products - a sign that it’s taking the threat from Clubhouse and others seriously.
Europe’s wealthiest soccer clubs want a better way to monetise their global popularity, so 12 clubs have unveiled a breakaway competition.
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Google illegally misled Australian phone users when it continued to collect location data even after users thought they had turned off location tracking.
Apple Music has revealed how much it pays when you stream a song - and they’re paying up to three times as much as Spotify.
Citibank is leaving the Australian market after 36 years and will sell its consumer banking division.
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Zip is planning a big move into cryptocurrency and stock trading - as it expands beyond just buy now pay later.
Telstra held talks with a Hong-Kong based private equity firm about merging its international division.
As part of the Adidas’ sustainability focus, the company has announced new shoes that will be made from mushroom leather.
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Coinbase’s valuation reached above $145 billion on day 1 of its IPO - in a landmark moment for the crypto world.
ASX-listed jewellery company Michael Hill is likely to achieve profit growth this year - despite many of its stores still being closed due to lockdowns.
Grab, the Singapore based ‘super-app’ that blends Uber, Menulog, Kogan and Beem It in one app, is going public in world’s largest ever SPAC deal.
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Commbank will become the naming rights sponsor of Australia’s women’s soccer team, the Matildas, and will inject millions into women’s soccer over the next few years.
New Zealand is considering new legislation that would require banks, insurers and investors to disclose the impacts of climate change on their businesses.
Payments company Square is launching business loans in Australia as our COVID recovery attracts overseas competition for the big banks.
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Menulog has broken away from UberEats and Deliveroo and is testing a program to classify workers as full time employees.
Aussie loyalty program Flybuys is partnering with Klarna as the buy now pay later service strives to differentiate itself from Afterpay and Zip.
Microsoft is buying the speech recognition company behind Siri for $26 billion.
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A record $125 million fine for Volkswagen has been upheld in Australia - after the company falsely represented the emissions standards of its cars.
After spending $14.5 billion to buy the Aussie operations of Anheuser-Busch InBev, Asahi wants to reduce its debt by 50%.
China has fined Alibaba, the Amazon of China, $4.9 billion for anti-competitive behaviour.
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Coles has relaunched its famous/infamous Down Down marketing campaign as it strives to win market share back from Woolies.
News Corp, the owner of news.com.au and The Australian newspaper, is raising $1 billion of debt for a potential acquisition frenzy.
Netflix has locked in an exclusive streaming deal with Sony Pictures - the owner of the Spiderman and Jumanji franchises.
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Australian retail giant Cotton On is said to be preparing for its long-awaited IPO.
The company that arranged Deliveroo’s disaster IPO, Goldman Sachs, bought £75 million of Deliveroo shares just to keep Deliveroo’s IPO price up.
A big investor has made a $26 billion offer to buy Japanese conglomerate Toshiba - just 4 years after it almost went bankrupt.
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The Sydney Opera House has launched its own streaming service to compete with Netflix.
Canva, the Australian graphic design company, has been valued at $19.6 billion after a new investment round of $US71 million.
Over 7 million Australians are understood to be included in a leak of Facebook user data, including phone numbers and email addresses.
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Virgin Australia’s loyalty program, Velocity, is likely to partner with 7-Eleven in order to get ahead of Qantas and its frequent flyer program.
ANZ Bank has declined to sign a letter that condemns recent violence in Myanmar, despite many other global companies doing so.
Electronics company LG has become the first major smartphone brand to withdraw from the global smartphone market.
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Deliveroo had its long awaited IPO last week - and shares in the company fell by 30% on day 1.
Volkswagen could end up in hot water with regulators over its ‘Voltswagen’ name change marketing stunt.
Coke Australia and Coke USA are breaking up - The Coca-Cola Company is selling its 30.8% ownership to Coke Europe.
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Australian insurer Suncorp reckons the costs it will incur for the recent major floods across eastern Australia could be up to $250 million.
PayPal is going to start allowing customers to convert their cryptocurrency into regular currencies when they make payments and checkout.
Cameo, the app that lets fans pay for personalised videos from celebrities, is now worth over $1 billion.
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REA Group, the owner of realestate.com.au, wants 10% of the Australian mortgage broking market after buying Mortgage Choice for $244M.
Tabcorp has rejected offers of $3 billion for its betting division because it reckons the price isn’t a fair.
WeWork will finally list on the share market - two years after its first attempt to go public failed spectacularly.
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Aussie ‘Link in bio’ startup Linktree has raised $59 million from big investors, including the founder of Afterpay.
Nine Entertainment, the owner of Channel 9, The Age and The SMH, has asked for help from the government after a major cyber attack.
China has locked in another five years of tariffs on the Australian wine industry.
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The founder of TPG Telecom has abruptly quit the company just 8 months after TPG’s giant merger with Vodafone.
The Suez Canal, a waterway in Egypt, has been blocked for almost a week, which has massive implications for businesses and consumers.
Intel has released a new $26 billion strategy to get back to being the number one chipmaker in the world again.
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Premier Investments, the owner of Just Jeans and Peter Alexander, is expecting record results this year, but still refuses to return JobKeeper benefits.
GameStop has actually announced some earnings - and as it turns out, they have fallen short of low expectations.
Streaming music revenue has hit an all-time high - and makes up 62% of all music sales - largely thanks to Spotify and Apple Music.
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Airtasker, the online Aussie jobs marketplace, had a stellar debut as a public company - ending day two up almost 170%.
Zoom is going to license its technology to other companies, so they can use a non-branded version of Zoom inside their own apps.
Microsoft is in talks to buy Discord, the wildly popular online video game community, for more than $13 billion.
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Aldi Australia has hit the $10 billion mark for supermarket sales - up 10% from last year - as it closes in on 600 stores in Aus.
Telstra is splitting itself into four seperate divisions as it prepares for a potentially huge acquisition of the NBN.
Clubhouse, the wildly popular audio app that launched in 2019, is still months away from having an Android app.
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Australia’s Crown Resorts, the company behind casinos around the country, has received an $8 billion takeover offer.
A TikTok star is auctioning an NFT (ie. non fungible token) of his viral TikTok video - and the bidding starts at around $650,000.
Sales at Nike dropped over the last 3 months due to major shipment delays, with products being stuck at ports.
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The battle between Afterpay and Commbank is escalating as Afterpay accelerates plans to launch a banking app.
Amazon has gained some exclusive rights to one of the most lucrative live sports in the world, in a scary sign of things to come for traditional and Pay TV.
Squarespace, the company that helps you build your own website, has hit a whopping $12.9B valuation.
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The Commonwealth Bank will launch its own buy now pay later product despite denouncing Afterpay and co for years.
Volkswagen is getting ready to take on Tesla in the electric car space, but with a big partnership strategy.
Snap has acquired a company that helps you find clothes which will fit you perfectly - to go all in on fashion and social commerce.
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Coles, Nestle and others are planning to build a new soft plastics recycling plant - where chocolate wrappers can be remade into new food wrapping.
PepsiCo, the owner of Pepsi, Smith’s Chips and Red Rock Deli, is exploring a potential sale of its Australian snacks business.
eToro, the share trading app, is set to go public via SPAC - the latest trend in the finance world - at a valuation of $13.4 billion.
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Australia’s plant-based meat industry blossomed in 2020, but consumers aren’t adopting it as much as you’d think (due to prices).
Openpay, another Aussie buy now pay later company, will be the first company to let patients split the cost of private hospital procedures.
China has asked Alibaba (aka the Amazon of China) to drop its media assets over fears that it is becoming too influential.
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Vice, the youth focused media brand, is giving Australia a second crack - this time through a big partnership with Pedestrian.
Netflix is finally cracking down on users who share their password with people outside their household.
This year, China is expected to be the first country where more sales are made online than in person.
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Menulog has seen a rise in orders of over 100% this year, and now Menulog wants to take its success to rural Australia.
Treasury Wines, the owner of wine brands like Penfolds and Wolf Blass, has sold four of its US brands for $100 million.
Uber and its overseas rival Lyft have agreed to share info on drivers that have been banned from their platforms, so that the two companies can improve customer safety.
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The Australian government is cutting the price of domestic airfares to get more Aussies to holiday locally.
Instagram is targeting developing countries with the launch of ‘Instagram Lite’.
Peloton, the American fitness tech company, is coming to Australia and will open retail stores here this year.
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JobKeeper ends in 3 weeks and over 100,000 Australians are expected to lose their jobs when it ends.
Australia’s streaming market is getting another big name in the mix. This time, Paramount+ is prepping for its big Aussie launch.
PayPal will soon launch a buy now, pay later service in Australia to compete with Afterpay, Zip and Klarna.
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Australian businesses will be given over $1 billion in wage subsidies to create 70,000 new apprenticeships.
Australian news publishers are worried that Facebook is trying to slow down negotiations on a deal to pay publishers.
Deliveroo has announced it will IPO soon - and it is promising some of its best performing riders $18,000 as a bonus.
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Italy has blocked a shipment of COVID-19 vaccines heading for Australia.
Square, the mobile payments service, is acquiring a majority stake in Jay-Z’s music streaming service Tidal.
Google is going to stop using your personal browsing history to sell targeted ads.
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Accounting platform Xero has made its biggest acquisition ever, spending $240 million on a European workforce management company.
Netflix has launched a TikTok-like feed of funny videos to better compete with social media.
Four female Olympic gold medalists are launching Togethxr, a media platform aimed at celebrating millennial and Gen Z female athletes.
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Greensill, an Australian-born, global lending company is fighting for its life after one of its biggest funders blocked access to its cash.
Musician 3LAU has released the world’s first crypto album… and it made $15 million in 24 hours.
Berkshire Hathaway, the investment company run by investment legend Warren Buffett, is now investing over $30 billion into itself.
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Property prices in Australia are increasing in value at their quickest rate in 17 years.
Klarna, the Swedish buy now pay later giant, has raised $1.3 billion to continue fighting it out with Afterpay.
David Jones is cutting down its costs by over $20 million by cutting down its in-store gourmet food business.
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Woolworths is getting into Australia’s $10 billion pet industry and will offer pet food, vet services and insurance online.
Airbnb has announced results as a public company for the first time - a $5 billion loss for Oct to Dec.
Wildly popular stock trading app Robinhood is planning an IPO filing for as soon as this month.
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Australian news has made its return to Facebook, after the updated media bargaining code passed in the Senate last week.
Afterpay is buying out its US investors ahead of a potential US-based IPO later in 2021.
To double its revenue by 2023, Twitter has launched a subscription product where users can get paid for extra tweets.
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Woolworths revenue has hit $35.8 billion, an increase of over 10%, as it strives to distance itself from Coles even further.
Qantas has recorded a $1.1 billion loss as COVID continues to squash demand for travel.
The owner of Westfield in Australia has achieved a $3.7 billion loss as malls experience drops in value.
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Aussie design/tech company Canva is buying European design startups to drive the next phase of its growth.
Jay-Z has sold 50% of his Armand de Brignac (aka Ace of Spaces) champagne to LVMH, the owner of Dom Perignon.
LinkedIn is building a marketplace for white collar gig workers to find jobs.
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TikTok Australia is teaming up with Shopify - with plans to turn TikTok users into a big marketing opportunity for the e-commerce industry.
SEEK is breaking up with itself and will split into two divisions, one for the OG business and the other for investing in new companies.
Spotify is launching in 85 new countries as it aims to reach more than a billion new listeners.
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The Australian Open’s TV ratings fell 30% this year as lockdowns throw live sport and TV productions and into chaos.
Uber has lost a long-running legal case in the UK with ramifications for Australia, as a court decides drivers are entitled to worker rights.
Foreign exchange company TransferWise is growing up and is changing its name to... Wise - as it enters the banking space in Australia.
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Facebook’s broad ban on news impacted essential services like health departments and the Bureau of Meteorology.
The Bank of Queensland is getting ready to buy rival bank ME Bank for $1.3 billion.
Global debt levels have risen to 356% of GDP, which is significantly greater than where debt levels were during the 2008 global financial crisis.
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Facebook has restricted news publishers, and everyday Aussies, from sharing or viewing Australian and international news content.
Rio Tinto has given in to pressure from investors and will finally make plans to reduce the carbon emissions of its customers.
One of Australia’s biggest companies, blood products giant CSL, has seen profits boom 45% thanks to major demand for flu vaccines.
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Profit at Domino’s hit the $100 million mark for the first time, as Aussies embrace their pizza-loving selves.
Adidas is selling Reebok to focus on its own brand 15 years after buying it for almost $5 billion.
Universal Music will be spun out as its own company, and will IPO, to take advantage of rapid growth in music streaming.
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Australian media giant News Corp has its eyes on the lucrative (and controversial) Australian sports betting market.
The brand that owns Corona beer is suing another beer maker for using the Corona brand name in a hard seltzer.
Luxury car brands Jaguar and Land Rover will go all in on electric cars by 2025.
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Seven West Media has locked in a deal with Google to be paid for news featured in Google’s new News Showcase.
Snapchat and the Australian Open have done a deal to give Aussies a behind the scenes look at the Aus Open (considering no one can actually go right now).
Taylor Swift is fighting for her (music) rights by re-releasing new versions of old hits after her music was sold to a large investor.
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Dating app Bumble’s first date with the share market was successful after a 77% IPO day price pop.
The ACCC is investigating whether to allow NAB’s $220 million takeover of Aussie neobank 86 400 as it may be anti-competitive.
Telstra is maintaining its dividend even though its profits fell 20% - but wtf is a dividend?
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Hollywood has come to Australia, with around $1.5 billion in movie industry spending going on around the country currently.
The forced sale of TikTok by the Trump administration has been ‘shelved indefinitely’ by... the Biden administration.
Spotlight will launch 150 new stores over the next five years - even though physical retail is supposedly dying.
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Reddit has raised $320 million at valuation of almost $8 billion as it cashes in on its WallStreetBets phenomenon.
Coca Cola is introducing its first bottle made from 100% recycled plastic.
Australian casino company Crown Resorts has been declared not suitable to operate its new, expensive Sydney casino.
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Furniture retailer Nick Scali will repay the JobKeeper payments it received following a healthy dose of political pressure.
Electric car company Tesla has bought $1.95 billion of bitcoin and will accept it as payment in the near future.
New social media sensation Clubhouse, the app for audio-only chatrooms, has been blocked in China.
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Westpac’s division that invests in early stage tech companies is set to receive a $300M payday thanks to Coinbase's IPO.
China is looking into taking its digital currency global as it aims to replace the US dollar as the world’s number one currency.
Green bonds, ie corporate loans that support climate-related projects, are expected to reach a record $850 billion in 2021.
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The Reserve Bank of Australia will pin interest rates to record low rates, which could set the share market and housing market alight for years.
Dogecoin, a cryptocurrency that started as a joke, is now worth billions, as meme culture intersects with finance.
Aussie energy giant AGL will incur a $2.7 billion hit as part of industry wide headwinds.
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Microsoft has come out swinging at Google, saying that Bing is ready to fill the gap if Google pulls out of Australia.
Telstra is cutting around 1400 jobs as part of its monstrous staff retrenchment plan.
Spotify has tripled the number of podcasts on its platform from 700K in 2019 to 2.2M today.
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Chemist Warehouse will sell low-dose cannabis products (ie CBD) to Aussies thanks to a new supply deal with a medicinal cannabis company.
Amazon’s founder Jeff Bezos is stepping down as CEO as the company reports its third consecutive record profit.
Aussie banks are worried that buy now, pay later companies like Afterpay have increased compliance risks for banks.
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The GameStop saga has reached Australia as traders threaten to boycott one of Australia’s biggest brokers after it suspended trading for two companies.
Robinhood, the wildly popular US share trading app, has raised $3.1B in emergency funding following a user boycott.
Some of Hyundai’s top executives are worried about a partnership with Apple to make its new electric cars.
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Microsoft has told ScoMo it is keen to expand its Google rival Bing into the Australian market if Google pulls out of Aus.
NAB is set to buy Aussie neobank 86 400 for up to $220 million.
Coinbase, the massive cryptocurrency exchange, is planning to IPO through a “direct listing” - bypassing investment bankers and lawyers.
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The Australian version of the Reddit forum at the heart of GameStop-gate has said NO to local attempts to organise a similar “market play”.
Uber Eats is making major changes to its business model after backlash over the workers’ status of its delivery drivers.
Apple has achieved its biggest quarter ever with $145B in sales 9 (that’s almost 3X Facebook and Tesla’s sales combined).
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The new Aussie owner of RM Williams will spend “whatever it takes” to get production of RM Williams boots back to being 100% Australia-based.
Facebook enjoyed strong financial performance between Oct and Dec 2020, but the company faces 3 major headwinds in 2021.
Johnson & Johnson expects the final test results for its COVID vaccine by next week.
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The CEO and founder of online wine retailer Vinomofo is stepping down as the company makes moves towards a potential IPO.
Investors in video game retailer GameStop lost over $2B in a day thanks to Reddit traders rebelling against professional ‘short-seller’ investors.
Clubhouse, a new audio-based social network, has raised $130M to take social media to what it thinks is the next level.
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Although Australian Open major sponsors Kia, UberEats and ANZ are reducing their investment this year, they are optimistic TV audiences will be huge.
Yoghurt giant Chobani is expanding into a totally new (and random) category - ready-to-drink coffee.
Google parent Alphabet has shut down Loon, its attempt to bring wifi to the world’s most remote areas.
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Airtasker, the Australian online marketplace for odd jobs, is aiming for a valuation of over $250M for its upcoming IPO.
Former Dick Smith shareholders that sued the company over its collapse will share around $5.6M under a settlement proposal.
The owner of TikTok has launched a payments service in China as it pushes into financial services and e-commerce.
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The US government has told the Australian government to cut their proposed laws that would force Google and Facebook to pay for news.
Data from Woolworths’ Everyday Rewards program has helped trace COVID-19 contacts.
The sister of Facebook’s Mark Zuckerberg has been appointed to the board of ASX-listed tech company Life360.
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Online retailer Kogan has been whacked with a $310,000 fine for spamming customers with promotional emails.
Netflix added 8.5 million global subscribers last quarter, bringing its total subscribers to more than 200 million.
Australian waste management company Bingo Bins is considering a $2.3 billion takeover by an Australian private equity group.
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JB Hi-Fi achieved record sales between July and December - thanks to Aussie households saving around $100 billion during the pandemic.
Fiat Chrysler and PSA Group, the owner of Peugeot and Citroen, have finally completed their merger (after first announcing it in Oct 2019).
With its 42 million users, Bumble has announced it will IPO in 2021.
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Pizza Hut has set its sights on the number 1 spot in the Aussie pizza wars... and wants to leapfrog Domino’s.
WhatsApp is delaying its new privacy policy after it caused mass confusion about whether WhatsApp shares data with its owner Facebook.
Deliveroo, which is backed by Amazon, is now worth over $9 billion after a pre-IPO funding round.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Google Australia has been burying links to traditional Aussie media outlets as an “experiment”.
One of Australia’s largest payment companies has encountered 10,000 of its payment terminals going down for over a week.
Affirm, the US-based buy now pay later company, went public last week - and its shares increased by 98% on its first day.
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We said we'd be offline until the 18th of January - buuuut we just couldn't resist!
So we're releasing a BONUS EDITION every day this week.
Today, we're recapping the best stories from the tech industry in 2020.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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We said we'd be offline until the 18th of January - buuuut we just couldn't resist!
So we're releasing a BONUS EDITION every day this week.
Today, we're recapping the best stories from the tech industry in 2020.
Win $250,000 with Flux's Win the Week game: https://bit.ly/Wintheweek
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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We said we'd be offline until the 18th of January - buuuut we just couldn't resist!
So we're releasing a BONUS EDITION every day this week.
Today, we're recapping the best stories from the tech industry in 2020.
Win $250,000 with Flux's Win the Week game: https://bit.ly/Wintheweek
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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We said we'd be offline until the 18th of January - buuuut we just couldn't resist!
So we're releasing a BONUS EDITION every day this week.
Today, we're recapping stories about the buy now pay later (BNPL) space in 2020.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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We said we'd be offline until the 18th January - buuuut we just couldn't resist!
So we're releasing a BONUS EDITION every day this week.
Today, we're recapping stories about streaming services in 2020.
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Tennis Australia has received a loan from the Victorian government to help cover the cost of this summer’s Australian Open.
The owner of Strike Bowling, Sky Zone and Holey Moley mini-golf is set to be acquired for $250M.
Apple is getting into self-driving car technology and is aiming to release its first car in 2024.
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Lorna Jane is being taken to court for trying to sell clothes that the company said could protect against coronavirus.
Large Australian investor Magellan has invested $87M into Guzman y Gomez.
Sales at Nike will be better than expected this quarter after another big rise in online sales thanks to COVID-wary shoppers.
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A2 Milk has emerged from a ‘trading halt’ after the company revealed a major drop in expected ‘daigou’ sales.
OnlyFans, the content subscription site, made $525M in revenue this year and attracted major celebrities to its platform.
Coinbase, the cryptocurrency exchange, has filed for its IPO and is looking likely to be one of the first big IPOs of 2021.
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Arnott’s, the owner of TimTams and Shapes, is buying the cereal and snacks business of Freedom Foods for $20M.
Zip Money has raised $150M for its international expansion, with its eyes on the US, Europe and the Middle East.
StockX, the share market of sneakers, has walked into a new valuation of $3.7B.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Energy buy now pay later company Brighte has raised $100 million to get into selling solar power.
Luxury puffer jacket brand Moncler is making bold bets on its new target market of ‘twentysomethings’ and Chinese shoppers.
Citibank has begged lenders to return a $1.1 billion mistaken Revlon payment - in one of the biggest banking errors in history.
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Australian neobank Xinja is giving up its banking licence less than 18 months after launching.
The ACCC is suing the owner of Gloria Jean’s and Donut King for allegedly lying to and ripping off franchisees.
Global oil and gas company Exxon Mobil has finally pledged to cut greenhouse-gas emissions by up to 20%.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Eftpos, BPay and the New Payments Platform are merging to help Aussie banks take on Visa and Mastercard.
Reddit has acquired Dubsmash - the short-form video app that is TikTok’s number one rival.
Adidas is considering selling Reebok - 15 years after it bought the brand to take on Nike.
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Disney is expanding its focus on Australia by launching a new streaming brand early next year.
Uber and Deliveroo will likely be brought before a Senate inquiry that explores the impacts of insecure employment in Australia.
Lululemon has lifted its predictions for its end of year sales as the world experiences a boom in workout gear.
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Airbnb’s share price rocketed 115% in its IPO debut with its valuation hitting over $130 billion.
Australia’s largest super fund, AustralianSuper, plans to become a $300 billion fund,
PepsiCo Australia will spend $150 million on automation and sustainability following a big year of sales.
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Sephora Australia made a surprise financial loss last year, but still generated more sales than Adore Beauty.
Food delivery giant DoorDash saw its share price skyrocket 85% in its IPO debut.
US lawmakers want Facebook to sell off Instagram and WhatsApp.
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Google and Facebook will be forced to pay for news content from media companies under world-first laws in Australia.
Airbnb has boosted its IPO ‘price range’ as it looks to raise over $4 billion.
It has been revealed that a “no deal” Brexit could destroy 300,000 jobs.
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Village Roadshow, the owner of Warner Bros Movie World, Sea World, and movie cinemas, has been acquired for $586 million.
Uber is selling its self-driving car business for over $5 billion.
Rockstar Bob Dylan is selling his entire catalog of songs to Universal Music.
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Virgin Australia is raising the stakes in its Frequent Flyer Program war against Qantas.
Both Victoria and NSW have had their credit ratings downgraded.
Amazon is considering buying podcasting company Wondery for over $400 million.
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Online Aussie book seller Booktopia has finally had its IPO - four years in the making.
Afterpay’s US sales exceeded its Australian sales for the first time after Black Friday and Cyber Monday.
Warner Bros. will release all of its 2021 movies on streaming service HBO Max - at the same time as in cinemas.
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Online retailer Kogan has paid $122 million for one of New Zealand’s biggest online retailers.
Korean car company Hyundai is set to launch a major push into the electric car market.
Australian cashback company Cashrewards has IPO’d and is now focused on growing customers (rather than profits).
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Uber competitor Ola has cut most of its Australian staff and operations.
The owner of KFC and Taco Bell in Australia is pivoting its focus from dine-in to click-and-collect and online delivery.
Under Armour and NBA superstar Steph Curry have launched Curry Brand, a new line of clothes, shoes and basketball products.
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To win back Aussie drinkers, Foster’s Lager is ramping up production and is launching a brand new slab.
Freedom Foods, the Australian snacks, milk and cereal company, has revealed the $590 million cost of its accounting scandal.
The global owner of the Topshop and Topman fashion brands has fallen into administration.
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China has whacked Australian wine makers with tariffs up to 212% on Australian wine imports.
For the second year in a row, the Nine Network has won the Australian TV ratings.
Global payments giant Stripe in talks to receive new investment at a valuation of at least $95 billion.
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Bega Cheese is buying Lion Dairy and Drinks - the owner of Pura Milk, Dare Iced Coffee and Yoplait Yoghurt.
Book publishing company Simon & Schuster is being sold to Penguin Random House - resulting in one major book publishing company.
The owner of M&M’s and Snickers is buying the owner of Kind bars to jump on the healthy snacks bandwagon.
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Uber is considering letting its drivers in Australia bid for rides and set their own prices.
A report from Oxfam has whacked several major retailers in Australia for their buying practices and low wages for factory workers.
Global software company Salesforce is in talks to acquire workplace messaging app Slack.
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Amazon has launched Amazon Pharmacy in the US - 10 months after filing a trademark for Amazon Pharmacy in Australia.
Qantas will require passengers to be vaccinated before taking an international flight.
Australian logistics company GetSwift wants to relocate to Canada - but the move may be blocked by Treasurer Josh Frydenberg.
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Telstra will start selling energy plans to consumers as it chases new revenue opportunities.
The BBC and the UK’s biggest TV broadcaster ITV have launched their streaming service BritBox in Australia.
An Australian investment company has collapsed after a cyber attack resulted in the transfer of $8.7 million into a random bank account.
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A delay in the Australian Open in 2021 would hurt the event’s TV broadcaster Nine.
Google Pay is getting a massive redesign - and it has a brand new focus on personal finance.
In order to better compete with TikTok, Snap has acquired a company that overlays your own vocals over music.
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BuzzFeed is buying news website HuffPost - and the two will remain separate news brands.
Insurance claims relating to COVID ‘business interruptions’ could be valid in Australia - meaning hundreds of millions could be paid out.
WeWork is expanding its new 'WeWork on Demand' service internationally.
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News Corp has come out swinging at its annual general meeting saying it does not deny climate change.
Twitter is launching a new stories-like feature that disappears after 24 hours.
Duolingo has raised $48 million to expand its lead in the language education market.
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Toys R Us stores are likely to reopen next year as the company’s owner merges with toy brand Funtastic.
The owner of one of the most profitable video games in history, Fortnite, has brought its legal fight against Apple to Australia.
Finally Airbnb has filed for its long-awaited IPO after contemplating the idea for several years.
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Australian investors were unable to trade on the Australian share market for most of the day on Monday when the entire system went down.
Afterpay and other buy now pay later platforms will be required to limit the types of customers they target under new regulations.
Fitness tracking app Strava has raised $136 million after gloating about its 2020 growth rate of 2 million new users per month.
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The Australian government has signed a new partnership with several other countries in the world’s largest trade deal.
Instagram Australia has embraced the online shopping boom by releasing a new Shop tab.
Zoom competitor Hopin has raised $170 million to become the home of virtual events and conferences.
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Accounting software giant Xero has told investors to take a chill pill with regard to the company’s sudden rise in profitability.
It’s understood that Foxtel has received a discount from Cricket Australia for this year’s broadcast rights.
Apple is transitioning away from using Intel’s computer chips for its computers.
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Universal Store will raise almost $150 million in its long-awaited IPO this week.
Kogan will have its annual general meeting this week following a profit jump of 56% during the 2020 e-commerce boom.
The owner of Victoria’s Secret and Bath & Body Works will announce its latest results this week after a surprise profit last quarter.
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Telstra has announced a major company restructure that will see the company split itself into three separate entities.
McDonald’s has announced a brand new plant-based meat range - named the ‘McPlant’ range.
Airline alliances Oneworld, Star Alliance and SkyTeam are pushing governments to replace quarantine restrictions with digital travel passes that would verify who is safe to fly.
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Streetwear brand Supreme has been acquired for $2.9 billion by the owner of Vans - VF Corp.
The owner of realestate.com.au, REA Group, is beefing up its presence in Asia.
Spotify is acquiring Megaphone, one of the world’s top podcast advertising platforms, for $320 million.
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Share markets skyrocketed after drug companies Pfizer and BioNTech announced their COVID-19 vaccine was 90% effective.
The pet vitamins sector has become a highly competitive dog fight between industry giants Blackmores and Swisse.
Australia’s biggest milk processor, Saputo, is eager to participate in the ‘consolidation’ of Australia’s dairy industry.
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Streaming service Stan is creating a new sports channel after beating Foxtel for the rugby union broadcast rights.
Tabcorp’s major systems outage this weekend may have cost the company over $100 million in lost betting.
The Australian share market has responded positively to the fact that Joe Biden will be the next US President.
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The owner of Woman’s Weekly and New Idea magazines is bringing back Elle and Girlfriend in digital form.
Former YouTube rival Vimeo has raised over $200 million to potentially ‘divorce’ its parent company.
Homegrown packaging giant Amcor is living its best life thanks to a boom in US grocery sales during lockdowns.
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Online tradie platform HiPages will have its long-awaited IPO this week - valued up to $318 million.
This week, WeWork and Uber investor SoftBank will announce its latest financial results - but what will it do with its $110 billion in cash?
Preserving Indigenous sites will be on the agenda at Australian mining giant Fortescue Metal’s annual general meeting this week.
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Domino’s expects sales to ramp up in Europe as the second wave of COVID forces restaurants to close.
Crocs is making a comeback thanks to celebrity partnerships - including a big one with Justin Bieber.
Gina Rinehart’s company Hancock Prospecting earned $4 billion in profit last financial year.
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Woolworths’ sales have increased by 12% thanks to a boost in online sales and its Ooshies giveaways.
Australia’s Eftpos is buying payments app Beem It, which is owned by 3 of the big 4 banks, to expand into the digital wallets space.
China has suddenly halted the record-breaking IPO of Alibaba’s Ant Group.
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The Reserve Bank has cut the official interest rate to 0.10% and has announced a ‘quantitative easing program’.
Westpac is preparing for a $6.2 billion hit from potentially bad loans in 2021.
An Australian super fund has settled a lawsuit with one of its members for failing to protect his retirement savings from the financial impacts of climate change.
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Optus is buying mobile phone plan retailer Amaysim for $250 million.
171 year-old Australian finance company AMP has received a takeover offer from a US company.
Under Armour is selling popular app MyFitnessPal for $490 million.
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Carsales, Australia’s biggest online car classifieds business, is making the big move into what it calls “mobility as a service”.
Revenue at Atlassian went up 26% between July and September, but it still reported a financial loss.
Trendy e-cigarette maker Juul has cut its valuation to $14 billion - down from $54 billion in 2018.
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Flight Centre will have its 'annual general meeting' this week - following its disastrous $849 million loss earlier this year.
PayPal will be announcing its latest results and we can expect some pretty delightful news after a massive surge in user growth over the last few months.
Japanese video game company Nintendo will report its latest financial earnings this week... and let’s just say, it could be a fun-filled week for Nintendo and its fanboys and fangirls.
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Global beer company Heineken is buying the Australian rights to sell several big name beer brands (from Asahi).
Profit at ANZ Bank has fallen by 42%, partially due to suspected ‘ghost loans’.
Amazon-owned Audible is further expanding into podcasts by adding around 100,000 new podcasts.
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Aussie pre-packed meals company My Muscle Chef has received $100 million in investment as it aims to sell 1 million meals per week.
Shopify is partnering with TikTok to attract more merchants to site - and to fight off Facebook.
Europe’s biggest tech company (by sales), SAP, had almost $50 billion in company value wiped off this week.
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Australian startup Linktree has raised $15 million for its user profiles that you may have seen on Instagram when checking ‘link in bio’.
Global consumer products company P&G is enjoying its best growth in over 10 years thanks to a 2020 hygiene revolution.
COVID has resulted in major jumps in revenue for game and toy makers, particularly Hasbro (Monopoly) and Mattel (Barbie).
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The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Coca-Cola Amatil, the owner of the local rights to sell Coke, has received a takeover proposal worth over $9 billion.
As Netflix’s subscriber growth slows down significantly, the company is turning to Asia-Pacific countries for future growth.
Global bank Goldman Sachs will pay over $4 billion in fines after pleading guilty to its role in bribing Malaysian officials.
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Australia Post’s CEO is standing aside after it was revealed that employees were given watches worth $20k as a “thank you”.
Coca-Cola is saying goodbye to 200 of its brands (ie. half of its portfolio).
PayPal customers will soon be able to buy, sell and spend with cryptocurrencies when using their PayPal accounts.
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Australian casino and gambling company Crown Resorts is facing an inquiry into money laundering breaches.
Google has been hit with the biggest tech anti-monopoly lawsuit since Microsoft back in the 1990s.
After raising $2.5 billion, streaming service Quibi is shutting down just months following its launch.
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Australian plant-based meat company v2food has locked in $77 million in new funding to go global.
NAB is facing a $15 million fine after a court found the bank guilty of accepting unlicensed loan referrals.
Amazon will pay consumers for information about what they’re buying outside of Amazon.
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Afterpay will start offering savings accounts in 2021 as it makes its move towards banking.
To boost diversity in its workforce, Starbucks is aligning diversity goals to the pay of its executives.
Twitter and Facebook’s moves to moderate news in the lead up to the US Election is impacting revenue and consumer trust.
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Australian mining magnate Andrew Forrest has bought RM Williams for $190 million.
Chemist Warehouse has doubled its online sales during COVID as customers get used to ordering healthcare products online.
Payments giant Stripe is acquiring a Nigerian startup known as “the Stripe of Africa”.
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Virgin Australia’s CEO has suddenly resigned and will be replaced by the former CEO of Jetstar.
Fast-fashion leaders H&M and Zara are under attack from China’s fast-growing giant Shein.
To gain more market share, Nine Entertainment is relaunching its Drive brand and is retiring its Car Advice brand.
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Coles is preparing for record Christmas sales as international travel bans force millions of Australians to holiday at home.
Zoom is launching a new events marketplace and an App Store-like ecosystem of apps.
Kahoot has picked up $300 million from WeWork investor SoftBank for its gamified learning platform.
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Austrac has completed an audit into Afterpay’s compliance and “will not be taking any further action”.
Apple’s company valuation dropped by $113 billion after it unveiled its first 5G iPhones.
Twilio, the company that sends text messages for Uber and Airbnb, has make a $4.5 billion acquisition.
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Disney is totally reorganising its company, with its media and entertainment business to play second fiddle to its new streaming business.
Bank Australia has banned its customers from gambling with its credit cards.
Tourism Australia has launched a major domestic marketing campaign with a $7 million, 60-second commercial.
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Commonwealth Bank’s logo is getting its first makeover in 30 years as the bank strives to reflect Australia’s “measured optimism”.
Australian logistics giant Toll is investing in e-commerce delivery services and “dark stores” to compete against Australia Post.
Last week over 800 Coles supermarkets had to turn away customers after an unidentified technical issue.
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Australian entrepreneur Dick Smith has been caught up in an online scam that promotes a fake cryptocurrency.
IBM is spinning off a $26 billion part of its business to focus on a new opportunity in ‘the cloud’.
Payments company Square has bought over 4,000 bitcoins for $70 million, believing it will be a ‘ubiquitous currency’.
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Adore Beauty is raising almost $270 million through its upcoming IPO, delivering a $92 million payday for the company’s founders.
Apple is ending its relationship with Sonos and other audio retailers as the company enters the ‘out of ear’ headphone space.
Ikea is opening 50 new stores even as shoppers move online.
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Following its successful collaboration with rapper Travis Scott, McDonald’s is partnering with music artist J Balvin for another celebrity meal deal.
News Corp has backed away from its criticism of Big Tech, as Google and Facebook open their wallets to news companies.
Aldi will cut its use of plastics by 2025, as customers demand the company does better by the environment
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Personal tax cuts, infrastructure spending, and first homebuyer incentives are all part of this year’s federal budget.
Levi’s is getting into the $45 billion re-sale market with a marketplace for worn jeans and jackets.
AirAsia is launching restaurants around the world that serve its in-flight food.
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Ticketing website Viagogo has received a $7 million fine for misleading Australian customers.
Australia's SPC is expanding into the frozen food and prepared-meals category.
Uber is selling a $700 million ownership stake in its freight business, Uber Freight, to preserve cash.
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Google will pay news publishers $1.4 billion over the next three years to licence their content.
Both PepsiCo and the owner of Corona beer are celebrating after their surprisingly successful last 3 months.
Casino company Caesars Entertainment is embracing sports betting by acquiring William Hill for $5.2 billion.
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HelloFresh is expanding after a massive rise in demand for its budget-priced brand, EveryPlate.
Disney is laying off 28,000 employees as the coronavirus slams its theme park business.
Telstra is dropping lock-in contracts for business customers as competition rises thanks to the NBN.
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Allbirds has been valued at $2.4 billion and a small Aussie investor has taken an ownership stake.
Huawei has opted to open new stores in Australia despite the political tension surrounding the company.
Aussie payments company Airwallex has raised $56 million as it prepares to expand into the US, Africa and Middle East.
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A2 Milk has slashed expected sales for 2021 following a collapse in the ‘daigou’ market.
Cricket Australia has locked in a new major sponsorship with Dettol.
Uber has won a court battle in London that has given it the right to operate in the city again.
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Rex is negotiating a major investment to launch flights into Australian capital cities and compete with Jetstar and Virgin.
Spotify, Epic Games, and Match Group have united to take on Apple and its supposedly unfair App Store policies.
Amazon’s quest to connect everything in your home was on show as it announced updates for Echo, Alexa and Fire TV.
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‘Responsible lending’ laws will be axed by the government, making it easier for Aussies to access credit.
Catch.com.au is installing mobile robots at its distribution centre to keep up with competition.
Playboy is nearing a deal to go public, which would value the company at around $600 million.
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NBN Co will spend $3.5 billion upgrading its network to achieve ‘blazing fast' internet for Australians.
Nike beat sales expectations by more than $1.4 billion thanks to its latest e-commerce strategy.
After launching in April, streaming startup Quibi is already exploring a potential sale after failing to take off during the pandemic.
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Guzman y Gomez is progressing towards an IPO as sales hit $1 billion.
Harvey Norman’s earnings have tripled in two months as furniture and appliance sales surge.
Microsoft is buying the maker of video games Doom and Fallout for $10.4 billion in the biggest gaming acquisition ever.
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The Australian division of Huawei is cutting staff and reducing investment in Australia.
Snapchat has launched a social justice-focused show starring Jaden Smith, son of Will Smith and Jada Pinkett Smith.
Australian banks have been named as moving potentially dirty money around the world.
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T2 is reviewing its retail store strategy as customers move online.
Facebook is teaming up with Italian sunglasses giant Luxottica on Ray-Ban 'smart glasses'.
Uber says all of its vehicles will be electric by 2040, and will spend over $1 billion to help drivers switch to electric.
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David Jones has denied it is for sale despite reporting a $33 million loss.
Channel Nine and Stan could become the broadcasters of rugby in Australia from 2021.
Disney’s Mulan and Warner Bros’ Tenet struggled at the box office after their cinema releases last week.
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Australia’s unemployment rate has improved to just 6.8% after the economy gained 111,000 new jobs.
YouTube has announced its own TikTok competitor - Shorts.
Kim Kardashian West has frozen her Instagram and Facebook accounts in protest against allowing ‘the spread of hate’.
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Apple has revealed two new watches, two new iPads and a subscription bundle.
Qantas is searching for a new Australian headquarters as it prepares for a smaller workforce post COVID.
Pop star Akon is building an $8 billion ‘smart city’ in Senegal - named Akon City.
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Investment company TPG Capital is set to acquire Aussie boots maker RM Williams.
PepsiCo, the owner of Pepsi, is launching a new drink to grab a piece of the $1.4 billion sleep aid industry.
COVID is transforming the formerly boring company DocuSign into a $50 billion tech darling.
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Bosses at mining company Rio Tinto have been forced to resign after the company blew up an ancient Aboriginal heritage site.
TikTok's owner ByteDance has rejected Microsoft’s offer to buy the company.
Suncorp is cutting 550 jobs and is closing 20 branches.
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Both NAB and Commbank have launched almost identical interest-free credit cards to fight off buy now, pay later competitors like Afterpay
Tigerair has officially folded under the pressure of COVID after new owners take control.
Shares in work communication tool Slack plummeted last week because the investment world just ain’t happy with the rate of its growth.
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LVMH, owner of Louis Vuitton, Christian Dior and Moet, is backing out of its $22 billion takeover of Tiffany & Co.
With online sales growing by over 150%, Lululemon is transforming from retailer to ecommerce star.
The former CEO of Myer has purchased 90% of struggling retail brand Colette.
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Global technology giant Salesforce has been asked to improve Victoria’s COVID-19 contact tracing system.
Shares in electric car company Tesla have suffered their worst trading day ever.
SoftBank’s shares took a $13 billion hit after being unmasked as the ‘whale’ investor in Amazon and Netflix.
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ANZ will cut carbon-heavy business customers if they refuse to deal with climate change.
JB Hi-Fi has launched a business-focused subscription service known as “device as a service”.
Samsung, known for its electronics, is building the world’s largest drug manufacturing plant.
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Australia’s biggest health company CSL will manufacture two COVID-19 vaccines in Australia - expected early 2021.
Retailers David Jones and Country Road are the latest to admit to underpaying staff.
Amazon has been approved to launch its new Delivery Drone Program.
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Zoom’s profit skyrocketed by over 3000% between April and June.
Nestle is paying $3.5b for a peanut allergy company as it pivots to health products.
Woolworths’ $300m investment in PFD Food Services means it will become a food distributor as well as a supermarket.
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COVID has pushed Australia into its first recession in nearly three decades.
Dating app Bumble is said to be preparing for an IPO worth around $8 billion.
Spotify’s $100 million investment in Joe Rogan’s podcast made its debut this week,
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Facebook has threatened to prevent Aussies from sharing news if proposed government regulations are implemented.
PayPal is launching a new buy now, pay later service to compete with Afterpay and Zip.
Netflix has launched a new global website, that is free, to attract new customers,
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Uber Eats has unveiled its new advertising format with sponsored restaurant listings in-app.
NAB’s superannuation and financial advice business, MLC Wealth, is being sold to IOOF for $1.4 billion.
Mobile phone retailer Amaysim is selling its energy business, Click Energy, to AGL for $115 million.
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The owner of Warner Bros Movie World and Wet ‘n’ Wild lost $117 million last financial year.
Lockdown has resulted in a major jump in sales for Arnott’s, the owner of Timtams and Shapes.
Amazon has officially entered the wearables market with its new Halo wristband.
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Spotify is developing a new feature for virtual music events.
Global retail giant Walmart has partnered with Microsoft in an attempt to buy TikTok.
US media giant NBCUniversal has make a major investment in Australian online betting company PointsBet.
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Napster, the formerly notorious music sharing website, has been sold for $70m to a virtual reality concert company.
FlexiGroup is rebranding to ‘humm’ and is pivoting from lending to buy now, pay later.
The upcoming IPO of China’s Ant Group could be the biggest IPO in history.
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Accounting software giant Xero has acquired Australian lending company Waddle for an upfront amount of $31 million.
Facebook will soon launch its new News feature globally, but Australia is unlikely to be included.
The Australian government has killed off the $600 million sale of Lion Dairy to a Chinese company as political tensions escalate.
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Queensland is set to snatch Melbourne’s AFL grand final - in a deal that could cost Victoria’s economy over $50 million.
Shaver Shop’s online sales have doubled in 2020 as demand for DYI products accelerates.
Silicon Valley tech darling Asana will follow Spotify and Slack with a ‘direct listing’ IPO.
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Streaming service Stan is doubling down on original content, launching 30 of its own Australia-made productions.
A lack of international students in Australia has contributed to Vodafone’s revenue plunge.
Suncorp has announced it will stop investing in oil and gas projects.
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Qantas wants government support to break down borders and encourage intra-state travel.
Vinomofo is looking to make the most of recent interest in online retailers by going public.
US tech stocks are leading the way for the share market bull market - and it's affecting us down under.
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Apple’s value has doubled in two years, becoming the first US company to be worth $US2 trillion.
Afterpay has almost doubled its profit expectations for 2020 after better than expected loan repayments.
Germany has become the latest country to trial ‘universal basic income’.
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Australian cosmetics giant Mecca has expanded into China.
Oracle, the world’s second largest software maker, has joined the race to buy TikTok.
It has been revealed that Japanese officials tried to push car giants Nissan and Honda to merge.
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Google has attacked the ACCC’s plans to force it to pay news publishers for content.
JB Hi-Fi and Kogan have reported major rises in sales, as shoppers move online to make purchases during COVID.
Diageo, the maker of Johnnie Walker and Smirnoff, is buying Ryan Reynolds’ gin company.
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Smiggle owner Premier Investments has arranged a controversial rent deal in the UK where it has 130 stores.
‘Activist investors’ are circling Channel 10 owner ViacomCBS after the company’s owner passed away last week.
Woolworths’ new venture capital division has invested in another startup, search engine marketing company Longtail UX.
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Telstra will lose $200 million from lost international roaming fees this financial year.
In a sign of the future for corporate Australia, Woolworths has appointed a chief medical officer.
Apple has suddenly banned the wildly popular video game Fortnite from the App Store.
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Facebook is creating a major digital payments network across Messenger, Instagram and WhatsApp.
Australian toll road giant Transurban believes working from home is merely a phase.
Tesla plans to ‘split’ its shares, making it more affordable for everyday people to buy Tesla shares.
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Coles is getting rid of its printed catalogues as more of its customers move online.
Airbnb is reportedly close to filing for an IPO, a surprise considering the company recently cut a quarter of its workforce.
Seek is focusing on the long-term and is investing for the future despite a $112m loss in its latest results.
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Apple is refusing to allow gaming apps from Microsoft, Google, and Facebook onto the App Store.
Sydney Airport is raising $2 billion after losing over $50 million between January and June.
Some retailers receiving JobKeeper are earning higher profits and paying increased ‘dividends’ to shareholders.
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Foxtel’s streaming services Binge and Kayo have added 400,000 subscribers collectively during COVID.
WeChat, China’s leading social media app, has suddenly been banned in the US over security concerns.
Aussie cosmetics brand Napoleon Perdis is using its second life to launch into David Jones exclusively.
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Realestate.com.au owner REA Group has reported a 6% decline in revenue with lockdowns impacting property listings.
Uber has reported a $2.5 billion loss as UberEats outperforms Uber for the first time.
Myer has been given a reprieve by its lenders because of the impact of COVID on its operations.
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The ACCC has admitted that it has never penalised social media influencers for not disclosing sponsored posts.
Ancestry.com is being acquired for $6.5 billion.
Discord, one of the world’s fastest growing gaming apps, has raised $139 million to expand further into video communication.
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Virgin Australia is cutting the Tigerair brand and 3,000 workers.
Disney has taken an almost $7 billion hit in its latest financial results.
Tinder added 200,000 users in the last 3 months, taking its subscriber numbers to 6.2 million.
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Online delivery orders for McDonald’s in Australia have hit record highs with 10% of orders now made online.
Australian government MPs have said Microsoft acquiring TikTok would resolve their security concerns about TikTok.
The Australian arm of German supermarket giant Kaufland lost over $250m last year before closing down abruptly pre-launch.
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The owner of Aussie underwear brand Bonds is rushing 4 million masks to Australia to meet demand.
MasterCard, Alibaba and Blockchain Australia have united to authenticate and track food and wine using blockchain.
PayPal’s profit has increased 86% as consumers shift from using cash payments in stores to online payments.
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A historic hearing in US Congress has put Amazon, Apple, Facebook and Google on notice, with their CEOs arguing they are not monopolies.
Petrol company BP will stock David Jones’ pre-prepared meals and gourmet groceries as part of a new partnership.
Donald Trump has said he will ban TikTok from operating in the United States.
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Adore Beauty is preparing for an IPO, rumoured to be worth $600 million.
Global e-commerce platform Shopify reported impressive results this week as its strives to dethrone Amazon.
TransferWise, the money transfers company, has a new valuation of almost $7b after a ‘secondary share sale’.
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Telstra has accused Optus of misleading customers over the quality and reach of its mobile network.
Instagram has reportedly offered cash to high-profile TikTok stars to lure them into using its TikTok clone Reels.
Following its pivot from photography to drugs, Kodak’s share price jumped 300% after landing a US$765m government loan.
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Infant formula company Bubs is expanding into kids vitamins and has signed up Jennifer Hawkins as brand ambassador.
Hasbro’s movie-toys division had a 35% drop in sales as movies releases continue to be delayed.
The price of gold hit its highest point since 2011 as investors try to protect themselves from volatile share markets.
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Coles is launching another promotion aimed at kids, hoping to replicate the success of its Little Shop collectables campaigns.
Afterpay rival Klarna has hit 250,000 Australian users and is using its partnership with Commbank to keep growing.
Uber has signed a 4-year partnership with Google Maps so that Uber can run on Google Maps globally.
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Gambling giant Tabcorp has announced the departures of both its CEO and chairman as competitors gain marketshare.
Taylor Swift’s record label Universal has partnered with Spotify to test a new, potentially lucrative revenue stream for Spotify.
The releases of several high profile Hollywood movies have been delayed as COVID continues to impact cinemas globally.
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Australia’s budget has blown out to its biggest deficit since 1945.
TikTok is planning to add 10,000 jobs in the US while the Trump administration considers banning it.
Microsoft doing well while LinkedIn is cutting 960 jobs as the pandemic puts the brakes on corporate hiring and advertising.
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Bauer Media Australia is shutting down 8 magazines including OK!, Men’s Health and Harper’s Bazaar.
Snap and meditation app Headspace have launched a new partnership focused on mini meditations.
Uber competitor Ola says ride sharing is almost back to pre-COVID levels in WA, QLD & SA (but not in VIC & NSW).
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The government is extending JobKeeper for six months and is splitting it into two tiers.
Shares in retailer Gap fell 6% after Kanye West threatened to walk away from his Yeezy brand’s collab deal with Gap.
Twitter suffered a major hack last week with many celebrities promoting a bitcoin scam.
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The big banks are concerned the new ‘open banking’ regime will allow global tech giants to access customer bank data easily.
The Federal Court has ruled that Kogan misled customers on a promotion by increasing prices just before offering discounts.
Zoom is entering the hardware space with its new video chat monitor, Zoom for Home.
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Lorna Jane is being forced to rebrand a new clothing line because it was being promoted as “anti-virus” activewear.
Telstra is attracting negative attention after announcing price increases during COVID.
Netflix shares dropped 12% when the company announced earnings were lower than expected during the lockdown months of April to June.
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Advertising revenue for radio stations in Australia dropped over 45% between April and June this year.
The founder of Alibaba, named Jack Ma, is cashing out billions of dollars in Alibaba shares.
Australia's foreign debt reached a 21-year low in the March quarter of this year.
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Afterpay has established partnerships with Apple Pay and Google Pay that will allow Afterpay payments to be made through smartphones.
Fast growing oat milk brand Oatly has raised a whopping $285 million.
The British Government has banned Chinese technology giant Huawei from its 5G network.
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Virgin Australia’s prospective new owner, Bain, injected $125 million into Virgin to make sure it survived.
JobKeeper 2.0 has been announced for beyond September but the Treasurer has a warning for businesses.
PepsiCo has embraced the recent trend of companies not telling investors how they expect to perform in the future.
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Network Ten, the owner of Channel 10, is launching a new kids channel to generate more advertising revenue.
Google’s $3 billion acquisition of Fitbit is set to be approved or rejected by regulators this week.
Despite raising $2.5 billion from investors, new streaming company Quibi has reportedly lost 90% of its users after their free trials expired.
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TikTok could soon be making big changes as it faces criticism from politicians over links to the Chinese government.
Twitter may be launching a paid, subscription-based version of Twitter.
American Express is launching its own version of 'buy now, pay later' to compete with Afterpay in Australia.
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Shares in Freedom Foods will remain suspended until the end of October as the company investigates possible accounting issues.
Woolworths now has more than double the market share of Coles in the online grocery market.
Treasury Wine Estates, the owner of Penfolds and Wolf Blass, is predicting profits to be 20% lower than last year.
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Australian banks are extending repayment holidays for borrowers by another four months.
Uber is acquiring another food delivery giant, Postmates, for around $3.8 billion.
More than 2.4 million Australians have been approved to access their super early as part of the government’s early access scheme.
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The Reject Shop could be worth $3 billion over the next decade, as cost-conscious consumers embrace discount retailers, according to Morgan Stanley.
Celebrity chef Neil Perry has abruptly retired from the company he founded - Rockpool Dining Group.
Allbirds, the New Zealand-American company that designs environmental friendly footwear, is expanding into apparel.
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Afterpay and Qantas have partnered on frequent flyer rewards points.
Tesla has replaced Toyota as the world’s most valuable car company and is now worth more than Disney and Coca-Cola.
Online video gaming platform Twitch has beaten its own record with 5 billion hours watched in the last 3 months.
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Webjet is raising $163 million to pay down loans and potentially buy other companies.
Facebook is shutting down its Pinterest clone Hobbi and its TikTok clone Lasso after failing to gain traction with both.
Athleisure brand Lululemon has spent over AU$700M to buy Mirror, a home fitness tech company.
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Woolworths has been fined over $1 million for spamming customers after they had unsubscribed from promotional messages.
Temple & Webster, the online homewares retailer, has raised $40 million following a major jump in sales during lockdown.
Oil companies are facing their biggest challenges in decades as demand for oil remains low, and the focus on eco-friendly energy accelerates.
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Australia’s largest pharmacy chain, Chemist Warehouse, has seen sales drop but profits increase as a result of COVID lockdowns.
Shares in the owner of KFC Australia jumped over 18% due to strong performance during lockdown thanks to online orders.
The New York Times has ended its partnership with Apple News, opting to build direct relationships with readers instead.
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Seafolly is seeking a new owner after falling into voluntary administration, becoming COVID’s latest fashion victim.
The value of Facebook dropped $90 billion this week, as advertisers continued to boycott the company by pausing ad spending.
Australian airline Regional Express (Rex) is planning to raise $30 million and buy new planes to take on Qantas and Virgin.
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Upmarket Australian stationary retailer Kikki.K is being sold to a US-based company to keep Kikki.K alive.
Amazon has acquired Australian-founded self driving car startup Zoox for $1.7 billion.
TikTok has launched its ad platform TikTok For Business for brand marketers and advertisers.
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Virgin Australia has been sold to investment company Bain Capital after the other company in the bidding process, Cyrus, dramatically pulled its bid.
For the first time, Google has agreed to pay for news content, after locking in agreements with Australian publishers.
Vodafone and TPG have finalised their $15 billion merger, meaning Australians can expect more competitive broadband and mobile phone plans.
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Qantas is cutting 20% of its workforce, 6000 workers, as part of its COVID recovery plan.
Amazon is launching a $2 billion investment fund to invest in climate technologies across transportation, storage and food.
Apple iPhones will get an all new look in 2020 as Apple unveils a radical shake-up for the iPhone.
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Nestle is changing the names of Australian lollies Red Skins and Chicos, following global anti-racism protests.
Supermarket chain Woolworths will spend $780 million on automated, hi-tech warehouses, which will result in 1,350 lost jobs.
Australia is 1 of just 10 countries to retain its perfect ‘AAA’ credit rating despite the coronavirus and global recession.
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Canva, the Aussie graphic design tech company, is now valued at $8.7 billion - the most valuable private tech company in Australia.
Patagonia has joined The North Face in boycotting Facebook and Instagram as part of the 'Stop Hate for Profit' campaign.
Deloitte is the latest professional services firm to make significant cuts to its Australian workforce following major drops in revenue.
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The ABC underpaid employees by $12 million over more than six years.
Website traffic at Carsales has had a significant rise over the last 8 weeks, as car buying and selling is embraced post lockdown.
Almost $3 billion has disappeared from European tech company Wirecard, with the CEO quitting following the revelation.
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UberEats rival DoorDash has raised nearly $600 million and is now valued at $23 billion.
The number of Australians who pay to read news online has gone up by 100% in the last 4 years.
The Australian government will overhaul uni fees to encourage students to study for jobs in priority industries.
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The owner of Women’s Weekly and New Idea is selling its magazines company and is exiting Australia altogether.
LinkedIn is the latest social media company to launch a ‘stories’ feature in Australia.
Spotify has locked in the exclusive rights to a new Kim Kardashian West podcast.
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The two companies vying to own Virgin Australia would run it very differently to eachother: low-cost v culture first.
WeWork Australia is depending on its US owner to fund its operations and ensure it survives the pandemic.
Cameo, an app that lets users pay celebrities to send personalised video messages, is the world’s latest tech sensation.
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After months of testing and PR, WhatsApp has finally launched in-app payments.
Logistics company GetSwift misled investors over its profit potential according to Australia’s corporate regulator.
Apple’s App Store generated $519 billion in sales for 2019. Timing of the report was interesting though.
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Amazon Australia has launched an online bottle-o, capitalising on the rise in alcohol consumption during lockdown.
Starbucks is launching a new store format for the post COVID world, as the pandemic drags down sales by $4.6 billion.
Australia's up and down sharemarket in 2020 has attracted a major influx of non-professional investors seeking to make money fast.
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A new government proposal to modernise media regulations could mean Stan, Netflix and Disney+ would be required to invest in local Australian content.
Thanks to lockdown, JB Hi-Fi is set to achieve its biggest profit growth in 10 years.
Japanese electronics giant Sony has finally revealed the PlayStation 5, but did Sony miss its golden opportunity?
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NAB will spend $50 million on new courses to improve the ethical and professional standards of its 34,000 staff.
IBM is cutting its facial recognition business because it could lead to mass surveillance and inequality.
Online business lender Prospa’s latest results reveal the extent to which Australian small businesses are battling.
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Domino’s has emerged from lockdown well, thanks to its focus on tech and delivery, rather than in-store dining.
Airbnb has restarted conversations about an IPO in 2020 despite raising an emergency $2 billion in April.
Tesla has new competition in the electric car market following startup Nikola’s successful IPO.
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F45’s IPO is on hold as the pandemic has forced the company’s studios to close and therefore revenue to fall.
Bunnings has achieved its strongest sales growth in decades due to a rise in demand for home repairs and DIY jobs.
Slack’s share price dropped 16% when investors compared its growth plans for the next year against Zoom’s growth plans.
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Online retailer Kogan is worth five times more than Myer after jump in sales during lockdown.
The AFL has asked Sportsbet to avoid releasing controversial ads as the season restarts this week.
The owner of Louis Vuitton is exploring ways to renegotiate its $16.2 billion purchase of Tiffany.
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New home builders and renovators can get $25k cash grants under new government program.
Profit at McDonald’s Australia has dropped as Aussies become more health conscious and prefer home delivery.
Beauty industry giant Coty is in talks with Kim Kardashian on creating a new brand together after the company’s recent Kylie Cosmetics deal.
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Woolworths has given staff $57 million in bonus shares.
Zip will enter the US after acquiring buy now pay later company QuadPay for $400 million.
Rio Tinto is facing significant brand damage after destroying an ancient Aboriginal site.
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Amazon has taken the next step in entering the Australian pharmaceuticals sector with a new trademark application.
‘Impact investments’ with an environmental or social purpose are expected to reach $100 billion in next five years.
Emirates could take four years to resume flying to its entire network following the pandemic.
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Facebook Australia earned over $650 million from advertisers in 2019, but its income tax was less than $17 million.
Australia could avoid a recession and maintain its record of having the longest running economic growth streak in the world.
Twitter’s investors were unfazed after Donald Trump targeted social media giants with an Executive Order.
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Optus profits have dropped over 80% due to COVID, bushfires and intense competition.
SpaceX has become the first private company to try to send humans to space.
TikTok owner ByteDance made $3 billion profit last year - and earned more revenue than YouTube.
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After consistent losses, David Jones is considering selling its properties, including its flagship stores in Sydney and Melbourne, to reduce debt.
Freelancer, the Australian freelancing marketplace, is enjoying an all-time high in user numbers - and believes it will thrive in a crisis.
Amazon is in talks to buy Australian-founded self-driving car company Zoox for over $3b.
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Afterpay and Ticketek have announced a new partnership in preparation for a post-shutdown events boom.
Warner Music, the marketer of music by Katy Perry and Lizzo, is preparing for a $2.7b IPO.
The Iconic is moving to 100% recycled delivery satchels to reduce the company's impact on the environment.
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Google’s drone deliveries soar in Australia as online shopping goes nuts during pandemic.
Prime Minister Scott Morrison reckons it is time to take the Australian economy out of 'intensive care' with a new $1.5b program.
Lion, owner of Tooheys and XXXX Gold, is bringing 'healthy alcohol' brand White Claw to Australia
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Accolade Wines, Australia's second largest wine company, is offering big discounts to bars, pubs and restaurants as they reopen post COVID.
The poor ad market has led to the closure of BuzzFeed in Australia, as well as 10 Daily.
Alibaba, the Amazon of China, has enjoyed a huge sales surge - but strangely, its shares dropped.
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Wesfarmers, the owner of Target, has announced it will close up to 75 Target stores and cut 1,300 jobs.
Hertz, one of world’s biggest car-rental companies, has filed for bankruptcy with about $29 billion in debt.
Magic Leap, the much hyped (but struggling) augmented reality tech company has some raised $350 million despite the pandemic.
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The Australian government has rejected an offer from the Queensland government to invest in Virgin Australia.
Video conferencing behemoth Zoom is confident that global giants Google and Facebook have “no chance” at catching up to Zoom.
Woolworths has participated in an $8 million funding round for a new Aussie startup that builds and launches consumer brands.
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13cabs is entering the food delivery market to take on Uber Eats and Deliveroo.
Facebook is taking on Amazon and eBay with its new ‘Shops’ feature - its biggest move into e-commerce yet.
Spotify continues to build its podcast empire with the $100m acquisition of the Joe Rogan podcast.
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Disney’s head of streaming is leaving to become CEO of TikTok.
Salesforce, Microsoft and Seek invest over $60m in Aussie training platform GO1.
SoftBank’s Vision Fund, the world’s biggest tech investor, has reported its largest loss in history - $18 billion!
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Foxtel is set to launch its new streaming service Binge next week.
Lululemon sales soar as working from home attire becomes the company's new best friend.
Huawei, the Chinese phone maker and telecommunications company, is once again right in the middle of tensions between China and the US.
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Kogan.com, the online retailer, is entering furniture and homewares with the acquisition of the furniture company Matt Blatt.
Facebook has acquired Giphy, the animated gif search engine, in a deal worth around $400 million.
Bondi Sands, known for its self tanning products, is speaking to potential investors about a full or partial acquisition.
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Xero, the cloud accounting giant, has achieved its first full year of profit after 14 years.
Facebook and Google should pay around $600 million a year to Australian media companies according to Peter Costello - Chairman of Channel Nine and former federal treasurer.
Houseparty, the video chat app, is embracing a new direction: co-watching live video with friends.
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Australia’s Atlassian has acquired a startup to become more integrated with the popular messaging app Slack.
EY, the professional services firm, has admitted that 20% of its staff do not want to return to the office as the Australian government prepares to kickstart the economy.
Restaurant Brands International, the global company that owns Burger King and other fast food chains, believes the fast food industry will look significantly different after COVID-19.
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Australia’s third airline, Regional Express Holdings (aka REX), is set to capitalise on Virgin Australia's collapse by launching flights between Australia’s capital cities.
Australia’s largest retail company, Premier Investments, is pushing for a totally new rent model for landlords - based on a percentage of sales rather than fixed monthly fees.
To save his struggling airlines, Richard Branson, the British entrepreneur and founder of Virgin Group, is selling over $700 million worth of shares in his space travel company.
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Channel Ten is getting ready to launch a new channel later this year with a special focus on the 16-39 year-old age bracket.
Shopify, the e-commerce platform, has launched a new consumer-facing app that meshes Instagram and Amazon.
A new Aussie start-up named LimePay has built a new version of Afterpay that lets retailers create their own form of buy-now-pay-later.
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After almost two years of dating, TPG and Vodafone have been given the green light to get married (aka merge), - and the wedding is set for July.
Nintendo’s annual profit has risen by over 40% - Nintendo’s best numbers in 9 years.
Toll Group, the Australian logistics giant, has suffered a second major cyber attack this year.
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Amazon's share price fell this week when the company announced it will invest its latest profits into COVID-19 related expenses like worker safety.
Despite the fabulous growth of UberEats, Uber's main business is suffering and has had to layoff 14% of its global workforce.
Judo Bank, a new Australian bank focused on small businesses, has raised over $200 million at a valuation of more than $1 billion - joining Canva as an Aussie "unicorn".
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Blackmores, the Australian vitamins company, has enjoyed a sales boost as Aussies hoard immunity products like Vitamin C.
Telstra is investing in a major cyber security program that will protect its customers from COVID-themed cyber attacks.
Electronic Arts, the video game publisher known for FIFA and Apex Legends, has achieved its best sales in 10 years thanks to the global shutdown.
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Qantas is burning through $40 million a week because the majority of its flights are grounded due to the pandemic.
Guzman y Gomez, the Australian-born, Mexican-style food chain, has abruptly stopped its high profile overseas expansion plans.
Australia is missing out on $4bn of economic activity with every week of social distancing that goes by.
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Westpac's 70% profit drop = its hardest year in history.
AFL, NRL and other top Australian sports could miss out on $200m in broadcasting revenue this year - even if sport competitions recommence.
Flight Centre does backflip after being stared down by the consumer watchdog - the ACCC.
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Tencent, the internet giant that owns the Chinese version of Facebook, has bought 5% of Afterpay for $300m.
Universal Pictures’ Trolls World Tour is succeeding at the box office despite the closure of cinemas - the movie has pioneered a new direct-to-streaming model, which could change the movie industry forever.
Tesla has achieved a surprise profit for the last 3 months, despite factory closures and controversial tweets from the company’s CEO Elon Musk.
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To combat the falling residential market, realestate.com.au is offering free listings of properties - and they will only take a fee if the property sells.
Microsoft has delivered strong sales of $35bn for the last 3 months, despite the economic impact of the coronavirus.
Marley Spoon, the meal-kit delivery company, has achieved a 70% increase in sales over the last few weeks.
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A growing number of pessimistic investors are betting that Myer will collapse in the coming months, following a sharp fall in sales due to the pandemic.
Velocity Rewards, the frequent flyer program of Virgin Australia, has requested that Virgin Australia repay the $150m it owes to Velocity and its members.
According to Unilever, one of the world’s largest personal care product companies, lockdown has resulted in a significant drop in personal grooming.
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Target has struggled so much during lockdown that its owner, Wesfarmers, is considering all available options, including potentially selling or closing down.
Online sales at Accent Group, the company that owns The Athlete’s Foot, Platypus and Hype DC, have grown significantly in recent weeks, with the company converting stores into mini fulfilment centres.
Younger Aussies who have had work hours cut or have been laid off are embracing the government’s superannuation early access scheme, with 2.3 million Australians expected to withdraw from super in the next 6 months.
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As media companies battle the effects of the pandemic, Foxtel is launching a new streaming service to rival Netflix.
Australia's sovereign wealth fund, AKA the investment fund for Australia's economy and citizens, shrank by $6 billion in the last 3 months.
Australians are used to being tracked by Facebook and Google, and now the Australian government is using similar technology to fight COVID-19.
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Kanye West's brand Yeezy has bucked the retail trend after achieving a $3 billion valuation.
Facebook is copying another competitor, Zoom, with its new videoconferencing product named Messenger Rooms.
Salesforce and Australia's Atlassian are among the companies that have made huge profits from their investments in Zoom last year.
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Some retailers, such as Chemist Warehouse and Super Retail Group (owner of Macpac and Rebel stores), are refusing to pay rent despite strong financial performance.
Snapchat's share price had its best day in two years after announcing a major rise in revenue, following announcements from Facebook and Twitter that revenue has taken a hit in 2020.
Buy now, pay later providers and predatory 'payday lenders' could be forced to adopt loan repayment freezes, like bank customers have, under new government legislation.
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Due to both social distancing, and hit shows like Tiger King, Netflix has added more than 15 million subscribers between January and March.
This week oil prices fell below zero for the first time on record as oil producers run out of space to store the oversupply of oil left by the coronavirus crisis.
Treasury Wine Estates, the Australian company that owns Penfolds and Wolf Blass, has signed a partnership with Snoop Dogg to promote its 19 Crimes brand.
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Virgin Australia has become the biggest corporate casualty of the COVID-19 pandemic with the company falling into voluntary administration. What does this mean for investors, Qantas and us?
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In order to keep up with demand, and to sell fewer items, Amazon is changing its website by removing personalised recommendations.
Facebook and Google are being forced to pay Australian media companies when publishing their news stories - under a world-first code here in Australia.
Prescriptions for medical cannabis are on the rise in Australia, as self isolation and the crumbling economy causes a spike in anxiety.
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The Commonwealth Bank expects house prices to drop by 10% over the next 6 months because of the coronavirus, with Melbourne and Sydney to experience the biggest drops.
As major sporting competitions are paused due to the coronavirus, Esports is soaring in popularity, with Esports investors seeing returns of over 12% in the last year.
Despite the significant drop in retail sales across Australia, activewear brands are maintaining strong levels of sales compared to other retailers.
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Virgin Australia's biggest shareholders, including Etihad and Singapore Airlines, have rejected a request to invest more money into the struggling airline.
Health insurance company NIB is preparing to offer members cash handouts to compensate for lost benefits following the coronavirus shutdown.
A young Australian payments company named Airwallex has managed to raise $250 million despite the pandemic bringing the economy to a halt.
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Afterpay shares jumped 29% as the company announced it now has over 8 million customers despite the global shutdown.
Disney is becoming one of Hollywood's biggest coronavirus victims after being forced to let go 43,000 employees temporarily.
Bubs, the Australian baby formula, has reported its highest revenue for a 3 month period, due to a boom in demand for infant formula in China.
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Westpac will incur $1.4bn in one-off costs after it breached bank industry rules like anti-money laundering and counter terrorism financing last year.
Traditional Big Tech rivals Apple and Google have joined forces to launch a COVID-19 tracking tool.
Because pubs and restaurants are closed, online sales for alcohol have jumped around 20%, as people embrace new ways to purchase and consume alcohol.
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The world's top economists are debating which alphabetical letter will a post-coronavirus economic recovery look like - with 'V', 'U' and 'W' leading the way.
Shares in Mesoblast, an Australian bio-tech company, jumped 80% last week after the company secured stem cell treatment trials in the US for COVID-19.
With energy bills expected to rise as Australians spend more time at home, consumer groups are lobbying the government and energy companies for financial relief.
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Downloads for at-home fitness apps are soaring, and Chris Hemsworth's Centr is leading the way, as many Australians are forced to exercise from home.
H&M, the Swedish department store, has closed its 49 stores in Australia, with 1300 job loses amid the coronavirus pandemic
Australia has a new 'unicorn' (private tech company with a valuation of a $1bn), HR company Safety Culture - after raising $60m this week.
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Airbnb has raised $1 billion from investors to give itself financial comfort as the coronavirus outbreak pauses the entire travel industry.
Quibi, a new streaming service built for mobile phones only, launched this week and was downloaded over 300,000 times on launch day, sending it to No. 3 on the App Store.
Hostplus, the giant superannuation fund, has changed its terms and conditions to delay members from accessing money on short notice.
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Australia’s sole proprietors and startups are leaving co-working providers in droves as the coronavirus effectively freezes the co-working industry.
To combat the economic impact of the coronavirus, Spain is introducing an economic policy named Universal Basic Income to help its people survive this period.
Google has released COVID-19 ‘Community Mobility Reports’ to provide insights from Google Maps into how human behaviours have changed since society went into lockdown.
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The company that owns 13cabs has launched a new delivery service named 13things as the coronavirus hurts the taxi industry.
Flight Centre is closing a further 800 stores around the world and is raising $700 million from investors so it can survive post pandemic.
SEEK is experiencing a significant fall in job ads as the coronavirus impacts the entire economy.
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Even as demand for makeup drops because people are working from home, Adore Beauty is enjoying a 60% jump in sales for personal care products such as handwash, moisturisers and soap.
Judo Bank, a new Australian bank focused on businesses, has been given $500 million by the government so it can lend to more Aussie businesses.
Honda and General Motors, the owner of the Holden brand in Australia, are teaming up to create a new electric vehicle to rival Tesla.
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Asahi is buying Australia’s CUB, owner of Carlton Draught and Strongbow, for $16bn. But there is one important condition.
Virgin Australia has asked the government for $1.4bn as it struggles to survive following the coronavirus pandemic.
Professional services firms like KPMG and MinterEllison are asking employees to take pay cuts in response to the coronavirus.
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Bolt, one of Uber’s main rivals, is pulling out of Australia as demand for ridesharing drops from the coronavirus.
Following the coronavirus, China's economy is rebounding, with 95% of factories reopening in March.
Transurban, the company that owns toll roads and freeways around Australia, has reported a major drop in revenue because there are so few cars on the road due to the coronavirus.
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Wesfarmers, the company that owns Bunnings, Kmart and Officeworks, is selling part of its ownership in Coles to save money ahead of further economic uncertainty.
Shares in Hasbro jumped 12% last week, due to an increase in demand for toys and games, following coronavirus lockdowns.
ASX Limited, the company that owns the Australian Securities Exchange (ASX), is one of only a few companies that hasn't been hurt by the coronavirus pandemic, with trading volumes increasing in recent weeks.
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To save jobs and keep businesses alive, the government has announced a $130 billion economic stimulus package - the biggest in Australia's history.
Despite Twitter’s user numbers increasing since the outbreak of the coronavirus, its advertising sales have dropped as companies reduce marketing.
The share price of Ansell jumped 16% yesterday as demand for gloves and protective suits rises due to the coronavirus.
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Myer, Australia’s biggest department store, has closed its stores for four weeks and has stood down 10,000.
Woolworths is hiring 20,000 staff to support workers from the retail and airline industries who have lost their jobs during the coronavirus outbreak.
Banks are pausing home loan repayments for Aussies impacted by the coronavirus - but it could impact your credit score.
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Over 1,500 new restaurants have signed up with Deliveroo in the last month, as the coronavirus restricts Australians from eating at restaurants.
Superannuation members have lost up to 15% of their super balances since the coronavirus pandemic, as the share market has tumbled.
Two of Australia’s biggest sport organisations, the AFL and NRL, are fighting hard to stay alive financially after calling off their seasons.
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Virgin Australia is cutting domestic flights by 90% and is standing down 8,000 employees because of the coronavirus.
Swisse Vitamins has increased production of Vitamin C as Aussies get more cautious about their overall health following the spread of the coronavirus.
SoftBank, the company with big investments in companies like Uber and TikTok, is threatening to pull the plug on saving WeWork from financial collapse.
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The Australian government has asked Netflix and Stan to reduce data to avoid a broadband overload, as Australians work from home.
The farming and pharmacy industries are thriving while many other industries suffer due to the coronavirus and its economic impact.
A video-chat app named Houseparty has achieved over 10 million downloads on Android and even more on iPhone, and has become the hit app of the coronavirus lockdown.
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The Australian dollar dropped to its lowest point since 2003, which is below its value during the global financial crisis.
Two of Australia's biggest alcohol companies have said Australia could go dry for three months unless they are included as an essential service under the government's lockdown rules.
LVMH, the owner of Louis Vuitton, is ordering 40 million health masks from China to help France cope with the coronavirus outbreak.
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The Australian government is investing $66bn into the Australian economy to save jobs during the coronavirus crisis.
Air New Zealand has been 'bailed out' by New Zealand's government because it was running out of money due to the coronavirus pandemic.
Meditation apps are offering free mindfulness as social distancing starts to impact mental health.
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Afterpay shares dropped 33% on Wednesday because investors are concerned the company will struggle in a recession.
WhatsApp is introducing a coronavirus information hub in partnership with the World Health Organisation to prevent misinformation and fake news.
The NBN is providing more bandwidth to telcos like Telstra and Optus - for free - to help them cope with increased demand as employees work from home.
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Bite-sized business news. 5 minute breakdown of the top 3 Australian or global business news stories of the day. Tailor made for busy humans.
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Virgin is suspending all international flights and half of its domestic flights for more than 2 months because of the coronavirus.
Social distancing is starting to directly impact some of the biggest companies in the world, with McDonalds, Uber and Starbucks all making big changes.
Google-owned Verily has launched a website that screens people for COVID-19 by asking about symptoms and then points the user in the right direction.
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Airbnb is letting its customers cancel their reservations, and get a full refund, as the coronavirus continues to ruin travel plans globally.
Coca-Cola Amatil, the owner of the Coke brand in Australia, has warned that the coronavirus is dramatically impacting sales in convenience stores and on-the-go outlets.
Coles and Amazon are looking to bring on new workers to keep up with coronavirus demand.
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For the first time, the Reserve Bank of Australia is preparing to introduce 'quantitative easing' (printing money to boost the economy) as a result of the coronavirus.
The owner of Channel 7, Seven West Media, will be repaid in full if the olympics doesn’t go ahead because of the coronavirus.
Crown Resorts, the owner of casinos around the country, is enforcing "social distancing" because of the growing threat of the coronavirus.
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The federal government has announced a $17.6 billion coronavirus stimulus package to help boost Australia’s economy.
Telstra has told all of its Australian staff to work from home as of today as a precaution against the coronavirus.
Teleconference companies, like Zoom and Slack, have surged in demand because of the coronavirus outbreak.
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Webjet, the online travel agency, has reported a major rise in near-term cancellations because of the coronavirus.
Ramsay Health Care has formed a partnership with Australian Unity insurance that is focused on home health care, such as support for chronic diseases and mental health.
The price of oil (and petrol) dropped significantly this week and an oil price war has broken out between Saudi Arabia and Russia.
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Kikki.K, the upmarket stationery company, has collapsed.
This week has been the most volatile week in global share markets since the global financial crisis in 2008. We explain why.
Amazon has announced a new business line - it will sell its world-first Just Walk Out checkout-less technology to other retailers.
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Facebook is being sued by Australia's privacy watchdog over the Cambridge Analytica data scandal where over 300,000 Australians had their data breached.
The CEO of Qantas will forego his salary for 3 months as the coronavirus forces Qantas to cut international flights.
Coles is telling its online customers to pick up orders rather than have them delivered because it is struggling to keep up with delivery demand following coronavirus panic buying.
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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A “neobank” named Xinja has had to stop accepting new customers who want to set up savings accounts due to financial constraints.
Grindr, the super popular gay dating app, has been sold by a Chinese gaming company for over $600m.
ANZ Bank is cutting over 200 jobs from its private banking and financial planning division, following continuing issues after the royal commission over a year ago.
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Myer has had a 36% drop in profit, following a significant reduction in sales in its key womenswear product range.
Flight Centre has settled a legal challenge from the liquidator of the notorious Fyre Festival.
Waymo, Google’s self-driving car division, has just announced a huge $2.25 billion fundraise this week.
The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.
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Spotlight, the company known for selling everything from quilts to string, is likely to buy failed Aussie department store Harris Scarfe.
Lindt, the Swiss chocolate maker, has increased profits by over 5% despite its competitors experiencing sluggish growth lately.
Following the failed IPO of WeWork last year, the world’s largest investor in tech startups, SoftBank, has held a special event to help the companies it has invested in prepare for a successful IPO.
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The Reserve Bank of Australia has cut interest rates to a new low of 0.5% to deal with the impact of the coronavirus on the Australian economy.
Apple will pay up to $500 million to settle a lawsuit because it slowed down iPhones to entice customers to buy new, better performing iPhones.
An investment company has bought 5% of Twitter and wants use its new ownership to replace its founder and CEO Jack Dorsey.
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Bega Cheese’s profit has fallen 21% following expensive legal costs from back-to-back court cases against other dairy companies.
Shares in Beyond Meat, known for its meat substitutes, dropped 6% last week even though the company keeps signing up fast-food restaurants like Grill'd and Domino's.
Clearview AI, a controversial facial recognition startup, has been blocked by Apple and its app has been banned from use.
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Shares in the owner of Corona beer, Constellation Brands, fell 8% last week, as the beer brand struggles to escape the association with the coronavirus.
DoorDash, which launched in Australia recently, has filed for a 'confidential' IPO as competition heats up in the food delivery industry.
The NRL is speaking to TV networks and streaming platforms about its next broadcasting deal as it considers following other sports, like cricket, in changing the game's format to attract larger audiences.
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Vodafone Australia lost 275,000 mobile customers last year and almost $280m, which is more than double last year’s financial loss.
Bob Iger, the CEO of Disney, has shocked the entertainment world by suddenly resigning almost two years earlier than planned.
Retail Food Group, the owner of Gloria Jean’s, Donut King and Crust Gourmet Pizza has made a profit for the first time in 3 years.
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Nine Entertainment, the owner of Channel 9, is planning to cut costs by $100m over the next 3 years as the TV industry battles to attract audiences and advertisers.
After five years in the making, Amazon is bringing its checkout-less store technology to its first large supermarkets with Amazon Go.
InvoCare, the biggest funeral company in Australia, has announced a 54% increase in profit. The reason why? It's kinda morbid.
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Blackmores, the Australian vitamin company, thinks it has found the 'paw-fect' way to lift profits.
Jeanswest, the fashion retailer that collapsed last month, has been sold to a Hong Kong company, saving 680 jobs.
Juul, the company known for its sleek USB-looking e-cigarettes, is stopping sales in Indonesia because it can’t stop retailers from selling its e-cigarettes to minors.
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Although most rideshare users in Australia use Uber, a new report has found that its competitors such as Ola and Didi are catching up.
Despite a drop in passenger growth, Australia's 4 major airports earned more money in 2018-19.
The price of gold metal is currently at its highest level since November 2012.
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The same Chinese company that bought baby milk company Bellamy's last year is set to buy the owner of Farmers Union Iced Coffee and Big M.
Google parent company Alphabet is closing down its energy kite startup as the company's risk-seeking division, Other Bets, lost $4.8b.
David Jones is closing stores because profits have halved following weak sales and lower foot traffic.
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Real estate website Domain has achieved a profit of $22m and has claimed the property market is on the way back up.
Medibank is blaming increases in hospital costs as the reason it had a 14% drop in profit, and as a result, is asking the government for financial assistance for the health insurance industry.
Three of Australia’s biggest gambling companies, Crown, Star and Tabcorp, have reported disappointing results.
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Huawei, the Chinese telco company, is going on an Australia-wide tour to win over Australians as it pushes for its 5G network ban to be overturned.
The AFL achieved a profit of almost $50m in 2019 as female participation in the sport grew almost 11%.
Elon Musk's SpaceX is planning to send private citizens into space as early as 2021.
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After 160 years of love from Australians, the Holden brand is being retired by its owner, General Motors.
Coles underpaid employees $15 million in wages over a six year period.
Ansell has announced half-year profit is up 67% following increased demand for its protective equipment during the coronavirus outbreak.
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Commbank and ANZ are pushing for new laws that would allow retailers to add a surcharge to customers who use buy now, pay later services like Afterpay.
The share price of Tesla is up 84% this year and the company is cashing in by raising $2 billion from investors.
English soccer club Manchester City has been fined and banned for breaking financial rules including overstating sponsorship revenue for five years.
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Qantas and its pilots are in a stand-off over a new pay deal, preventing Qantas from progressing its long-haul flights from Australia's east coast to New York and London.
Michael Bloomberg is working with Instagram meme influencers to promote his US presidential campaign.
Pinterest shares fell after Facebook released a new app that replicates Pinterest's features.
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TPG and Vodafone are getting married. The Federal Court has approved a $15b merger because the combined company will be strong competition to Telstra and Optus.
The share price of Hasbro, the toy maker, has jumped thanks to strong sales of Frozen 2 and Star Wars toys over the holiday period.
Headspace, the meditation app, has raised US$93m to pursue a clinical validation for mindfulness - and fight off competition.
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It has been revealed that private company Airbnb had a loss of over US$322 million for the nine months to September 2019. Turns out it's expensive to invest in our safety.
Australian blood company CSL has announced a profit of $1.9b from July to December 2019, meaning profit is up 11%. Oh, and it's Australia's third biggest company.
Brandless, a SoftBank-backed online supermarket that once sold everything for $3, has shut down.
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Celebrity chef George Calombaris has put his company into voluntary administration with around 22 restaurants and 400 jobs set to go. But Yo-Chi is still alive!
Slack, the US tech company that does workplace collaboration, has downplayed a report that sent its share price soaring by 15%.
NBN Co, the government-owned corporation that has built and is operating Australia's National Broadband Network, has announced half-year loss of over $2b.
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Toll Group, a giant Australian logistics company, has had its computer systems hacked and the hackers have demanded a hefty ransom.
Twitter has added millions of new users and increased ad revenue - and people are optimistic about the company’s future again.
Shares in JB Hi-Fi, the tiger-coloured electronics and appliance retailer, are up 10%. But why?
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Coles expects 2019 profits to exceed expectations following strong food sales over the festive season.
Tinder made $1.2 billion in revenue last year as subscriptions for unlimited swiping takes off.
Uber shares have jumped as the company continues to grow globally and gain access to airports around the world.
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At the Tokyo 2020 Olympics, elite athletes will sleep on beds made of cardboard and Nike is dressing 2020 Olympic athletes in uniforms made of recycled shoe parts.
Disney+, the new streaming service that competes with Netflix and Stan, has announced its subscriber numbers for the very first time - over 26.5 million subscribers worldwide despite only launching in November 2019.
Things are really heating up at fashion label Tigerlily just as the brand celebrates its 20th birthday.
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Google’s parent company, Alphabet, has lifted the lid on YouTube’s financial numbers for the first time.
The Australian Prudential Regulation Authority (APRA) has said that medium and small size health insurance companies in Australia could be gone in the next two years because their businesses aren’t up to scratch.
Australian company Blundstone is celebrating its 150th birthday this year.
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In its attempt to fend off tech companies, Commonwealth Bank is the latest big Australian company to launch a new incubator for startups.
The Australian business community is preparing for another wave of hits from the coronavirus as countries around the world continue close the door to Chinese tourists and the Chinese economy slows down big time.
The owner and CEO of L Brands, owner of Victoria’s Secret, is in talks to step down - and as a result, the company’s share price jumped 12%.
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The former head of real estate website Domain (Anthony Catalano) and his business partner (Anthony Waislitz) have become shareholders in Australia’s 3rd largest real estate classifieds website, realestateview.com.au.
The Super Bowl was in the US yesterday and the cost of Super Bowl ads are at an all time high.
The top 10 highest-earning meditation apps of 2019 grew to $195 million, up 52%.
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Private equity firm KKR is considering buying Melbourne’s favourite nightspot - The Espy.
America’s largest tobacco company invested in vaping giant Juul last year, an investment that is turning out to be one of the worst corporate investments in history.
Optus has received a $504,000 fine for spamming its customers — the largest penalty imposed for breaching Australia’s Spam Act.
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News Corporation, the behemoth news company owned by Australia’s own Rupert Murdoch has launched a new online news aggregation site, knewz.com. Awful name.
Greenlit Brands, owner of Freedom Furniture and its frugal cousin Fantastic Furniture, has announced a loss of almost $300m.
Facebook has released a tool that shows you which other apps and websites have your data and how those businesses are sharing your data back to Facebook.
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Australia’s buy now, pay later industry, and its companies like Afterpay and Zip, are set to sign a new code of practice to ensure customers are treated more fairly.
Nike has sold out of Kobe Bryant merchandise online following the basketball star’s passing.
Experts have released a report saying Australia’s very own Woolworths may grow to set the global standard for supermarkets, and ultimately become the “supermarket of the future."
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Tennis Australia has said people all over the world are loving the Australian Open more than ever, so we've taken a look at the business side of the grand slam.
Australia’s sovereign wealth fund, which is named the Future Fund, has announced very strong results for 2019.
China’s coronavirus has hurt the share prices of several global brands including Nike and Estee Lauder. Qantas, Webjet and Crown also impacted.
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To support the tourism industry, Tourism Australia has launched a new $20 million advertising campaign called “Holiday Here This Year” so that Aussies will travel locally.
Australian tech giant Atlassian’s revenue has skyrocketed 37% but the founders/CEOs aren’t satisfied with the results.
A brand new social media company has launched and it comes from the founder of Vine.
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Commonwealth Bank has been hit with another class-action lawsuit after being accused of flogging insurance policies to people who don't need.
Google is making big moves to enter the healthcare space. Is there anything they won't do?
The British government will be soon decide whether to let Chinese technology giant Huawei into its 5G market - and the decision will influence whether the Australian government lets Huawei do the same here.
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Uber, struggling in many countries outside the US, has sold UberEats in India to its arch rival.
Starbucks is adding more plant-based food and drinks to its menu, and as a result the share price of Beyond Meat has jumped.
Kaufland, the biggest supermarket in Australia that you’ve never heard of, is leaving before it even opens its doors.
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Harry and Meghan move to own and then commercialise the Sussex Royal brand, with plans to create hundreds of product lines
Snapchat CEO believes TikTok could become bigger than Instagram. Why all of a sudden?
The lady in the Trivago ads isn't as honest as she seems. They've been misleading us to believe they provide the lowest hotel prices.
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Disney, the new owner of 20th Century Fox’s movie business, is removing the word ‘Fox’ from its name.
Adidas has linked up with Beyonce to launch a new athleisure line.
Kogan’s share price got hammered yesterday, dropping over 20% at one stage. But why?
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For the first time Alphabet, Google’s parent company, has reached a trillion-dollar valuation.
Aussie fast food chain Guzman y Gomez has opened its first store in the US.
Australian share market has achieved a record high for the fourth day in a row.
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F45, the Aussie fitness chain backed by Mark Wahlberg, has reportedly filed for an IPO.
The South African owner of department store, David Jones, has come out and said we are sticking fat with DJs.
Finally US President Donald Trump and China have signed the first phase of a new trade.
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The CEO of Amazon, Jeff Bezos, has been welcomed by major protests in India.
Snapchat, the once golden, new kid on the social media block, has been overtaken by Pinterest in terms of users.
The world’s biggest investment company, BlackRock, is embracing climate change and going green.
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Netflix has received 24 nominations at the Academy Awards for several of its own movies, including The Irishman and Marriage Story.
Tesla shares keep climbing and climbing in 2020 as the sales of vehicle deliveries surpassed expectations for the December quarter.
Casper Mattress, an online retailer in the US going public, has mentioned that its inability to control social media influencers is a risk for potential investors in the company.
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Saudi Aramco, the oil company based in Saudi Arabia and owned by the Kingdom of Saudi Arabia, has achieved the largest IPO in history.
Airplane maker Boeing has revealed its former CEO, Dennis Muilenburg, who was fired last month for the company's response to two crashes, will get a A$90 million severance package.
A2 Milk, the Australian milk and infant formula company, is losing top executives left, right and centre.
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Apple's share price has hit an all-time high following positive news out of China.
EB Games, the Australian video game retailer, is shutting down stores across the country.
Unlike Twitter and Google, Facebook has refused to ban political ads. That's big considering we're in for one hell of a US election campaign in 2020.
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