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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (A...
Nov 14, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the fre...
Nov 13, 2023•6 min
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. — 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 Downloa...
Nov 12, 2023•6 min
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. — 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...
Nov 09, 2023•6 min
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’. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/Flux...
Nov 08, 2023•6 min
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 — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppSto...
Nov 07, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app...
Nov 05, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Stor...
Nov 02, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App S...
Nov 01, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/...
Oct 31, 2023•6 min
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 — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.l...
Oct 30, 2023•6 min
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. — 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 fr...
Oct 29, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Do...
Oct 26, 2023•6 min
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. — 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 Dow...
Oct 25, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): htt...
Oct 24, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the f...
Oct 23, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the ...
Oct 22, 2023•6 min
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 th...
Oct 22, 2023•10 min
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 — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppS...
Oct 19, 2023•6 min
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. — We want your feedback - win 3 x $100 Uber Eats vouchers for your thoughts: https://fluxsurvey.typeform.com/to/qxN2pL4c Build the fi...
Oct 18, 2023•6 min
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. — We want your feedback - win 3 x $100 Uber Eats vouchers for your thoughts: https://flu...
Oct 17, 2023•6 min
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. — We want your feedback - win 3 x $100 Uber Eats vouchers for your thoughts: https://fluxsurvey.typeform.com/to/qxN2pL4c ...
Oct 16, 2023•6 min
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. — 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 D...
Oct 15, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork...
Oct 12, 2023•6 min
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. — 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 Downl...
Oct 11, 2023•6 min
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. — 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...
Oct 10, 2023•6 min
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. — 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/Flux...
Oct 09, 2023•6 min
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. — Build the financial well...
Oct 08, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit....
Oct 05, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https...
Oct 04, 2023•6 min
