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. --- Build the financial health of your team at work with Flux at W...
Jun 20, 2022•6 min
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. --- Build the financial health of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store...
Jun 19, 2022•6 min
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...
Jun 16, 2022•6 min
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 coul...
Jun 15, 2022•6 min
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'. --- Build the financial wellbeing of your team at work with Flux at Work:...
Jun 14, 2022•6 min
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. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Do...
Jun 13, 2022•6 min
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. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bi...
Jun 09, 2022•6 min
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. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Downloa...
Jun 08, 2022•6 min
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. --- Download the free app (App Store): htt...
Jun 07, 2022•6 min
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 ...
Jun 06, 2022•6 min
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. --- Build the financial wellbeing of your team at work with Flux ...
Jun 05, 2022•6 min
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...
Jun 02, 2022•6 min
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. --- Build the financial ...
Jun 01, 2022•6 min
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. --- Build the financial wellbeing of your ...
May 31, 2022•6 min
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. --- Build the financial wellbeing of your team with Flu...
May 29, 2022•6 min
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. --- PLAY QUICK STI...
May 26, 2022•6 min
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 ...
May 25, 2022•6 min
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. --- PLAY QUICK STICKS TO...
May 24, 2022•6 min
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...
May 23, 2022•6 min
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. --- PLAY QUICK STICKS: Download the fre...
May 22, 2022•6 min
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. --- Build the financial ...
May 19, 2022•6 min
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. --- Download the free app ...
May 18, 2022•6 min
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. --- Download the free app (App Store): http://bit.ly/FluxAppStore Download ...
May 17, 2022•6 min
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.  ...
May 16, 2022•6 min
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? --- Download the free app (...
May 15, 2022•6 min
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. --- ...
May 12, 2022•6 min
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 a...
May 11, 2022•6 min
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. --- Daily newsletter: https://bit.ly/fluxnewslet...
May 10, 2022•6 min
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. --- Build the financial ...
May 09, 2022•6 min
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. --- ...
May 08, 2022•6 min
