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. — 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...
Jul 24, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App St...
Jul 23, 2023•6 min
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. — 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...
Jul 20, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwor...
Jul 19, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the f...
Jul 18, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https:/...
Jul 17, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free ...
Jul 16, 2023•6 min
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 — 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...
Jul 13, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download t...
Jul 12, 2023•6 min
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 — Build the financial wellbeing of your team with Flu...
Jul 11, 2023•6 min
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. — 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...
Jul 10, 2023•6 min
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 — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (...
Jul 09, 2023•6 min
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.. --- Build the financial wellbeing of...
Jun 22, 2023•6 min
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.. --- Build the financia...
Jun 21, 2023•6 min
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 res...
Jun 20, 2023•6 min
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.. --- Build...
Jun 19, 2023•6 min
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.. --- Build the financial wellbeing of your team ...
Jun 18, 2023•6 min
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. --- 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 (Googl...
Jun 15, 2023•6 min
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. --- Build the financial wellbeing of your team wit...
Jun 14, 2023•8 min
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. --- 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/fluxnewslett...
Jun 13, 2023•6 min
For today's episode, we’re warming into the world of consumer products.. In particular, the way that content creators and influencers have changed the consumer playbook. We'll be back with our industry recaps for 2023 next week. We'll be back to regular What the Flux programming on July 10th. --- 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/F...
Jun 12, 2023•6 min
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. — Build the financial w...
Jun 08, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: h...
Jun 07, 2023•6 min
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. — 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 (Googl...
Jun 06, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Downl...
Jun 05, 2023•6 min
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. — 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 ...
Jun 04, 2023•6 min
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. — 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...
Jun 01, 2023•6 min
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. — 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 Do...
May 31, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the fre...
May 30, 2023•6 min
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. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App ...
May 29, 2023•6 min
