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 --- Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play Store): http://bit.ly...
Mar 21, 2022•5 min
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. --- Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Goog...
Mar 20, 2022•5 min
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. --- Download the free app (App Store): http://bit.ly/Flux...
Mar 17, 2022•6 min
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...
Mar 16, 2022•6 min
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. --- Download the free app (A...
Mar 15, 2022•6 min
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. --- Download the free app (A...
Mar 14, 2022•6 min
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. --- Download the free app (App Store): http://bit.ly/FluxAppStore Down...
Mar 10, 2022•6 min
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 le...
Mar 09, 2022•6 min
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. --- Download the free app (App Store): ...
Mar 08, 2022•6 min
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’. --- Download the free app (App Store): htt...
Mar 07, 2022•6 min
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. --- Download the free app (Ap...
Mar 06, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://...
Mar 03, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get your credit score for free: https://bi...
Mar 02, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://www.flux.fin...
Mar 01, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https:...
Feb 28, 2022•6 min
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%. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get ...
Feb 27, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get your credi...
Feb 24, 2022•6 min
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. --- Save money and win cash prizes ...
Feb 23, 2022•6 min
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. --- Save money a...
Feb 22, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get your credit score for free:...
Feb 21, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://www.f...
Feb 20, 2022•6 min
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. --- Save money and...
Feb 17, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://www.f...
Feb 16, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get your credit score ...
Feb 15, 2022•6 min
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. --- SURVEY: https://fluxsurvey.typeform.com/to/Fb1hJvT9 ...
Feb 14, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://www.f...
Feb 13, 2022•6 min
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. --- Save money and win c...
Feb 10, 2022•6 min
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. --- Save money and win cash prizes up to $250k weekly: https://www.flux.fin...
Feb 09, 2022•6 min
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. --- Save money and win cash prize...
Feb 08, 2022•6 min
“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. --- Save money and win cash prizes up to $...
Feb 07, 2022•6 min
