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
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
