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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAp...
Feb 20, 2024•7 min
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. — Build the financial wellbeing of your team with Flux at W...
Feb 18, 2024•7 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (...
Feb 15, 2024•7 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.l...
Feb 13, 2024•7 min
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. — 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 Down...
Feb 11, 2024•7 min
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. — Compete in our Valentine's Day Competition "Love at First Spend" by following us on TikTok or Instagram. D...
Feb 08, 2024•7 min
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. — Compete in our Valentine's Day Competition "Love at First Spend" by following us on TikTok or Ins...
Feb 06, 2024•7 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Sto...
Feb 04, 2024•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Dow...
Feb 01, 2024•7 min
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 ___ 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...
Jan 30, 2024•7 min
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 — 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...
Jan 28, 2024•7 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:...
Jan 23, 2024•7 min
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. — 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 a...
Jan 21, 2024•7 min
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 fro...
Dec 21, 2023•7 min
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. — 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 Down...
Dec 19, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free...
Dec 17, 2023•6 min
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. — 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...
Dec 14, 2023•6 min
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. — 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 (Go...
Dec 12, 2023•6 min
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. — 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...
Dec 10, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit....
Dec 07, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAp...
Dec 05, 2023•6 min
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. — 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...
Dec 03, 2023•6 min
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. — 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 Downlo...
Nov 30, 2023•6 min
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. — 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 28, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/Flu...
Nov 26, 2023•6 min
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. — 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 Downlo...
Nov 23, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:/...
Nov 21, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/Flu...
Nov 19, 2023•6 min
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. — 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 Downlo...
Nov 16, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxA...
Nov 15, 2023•6 min
