CommBank has been whacked with a $7.5 million fine for sending more than 170 million emails to customers that did not include the option to unsubscribe. Boeing, the aeroplane manufacturer, is looking to raise $25 billion USD to stabilise its finances after a staff strike and issues with its operations. AustralianSuper, Australia’s biggest super fund, is making a $2.2b bet on US data centres and AI. Check out the Flux x Raiz Flux Academy this month Download the Raiz App - Investing made easy Read...
Oct 17, 2024•10 min
Virgin Australia has seen its earnings jump by 18% after it recorded its second profit in a row. IKEA has dropped prices globally to attract more shoppers after its first revenue drop in 4 years. Adobe has joined the AI race after launching an AI video generator that will see it compete with the tech giants. — Check out the Flux x Raiz Flux Academy this month Download the Raiz App - Investing made easy Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Pl...
Oct 15, 2024•7 min
Chemist Warehouse is taking on Visa and Mastercard by rolling out a new way to pay for your products - QR codes. Tesla has unveiled a new self-driving car prototype called the “Cybercab” with plans to go into production by 2026. The New York Times is teaming up with Yahoo Sports to launch a new hub for women's sports coverage. — Check out the Flux x Raiz Flux Academy this month Download the Raiz App - Investing made easy Download the free app (App Store): http://bit.ly/FluxAppStore Download the ...
Oct 13, 2024•7 min
Rio Tinto has swum against the lithium-tide by acquiring Arcadium Lithium for $9.9 billion. Stan, the streaming service owned by Nine Entertainment, is considering bringing advertising onto its platform to boost revenue. Guzman y Gomez, the now-ASX-listed Mexican food chain, announced quarterly sales growth above its already ambitious expectations. — Check out the Flux x Raiz Flux Academy this month Download the Raiz App - Investing made easy Download the free app (App Store): http://bit.ly/Flux...
Oct 10, 2024•7 min
Wesfarmers is expected to generate around $6 billion in revenue this year via its health division because Aussies are getting… sicker. Google will be required to open up its app store to rivals so that its users can have more choice when downloading and using apps. The creator of popular video game Assassin’s Creed, Ubisoft Entertainment, is considering going private after it lost close to half its market value this year. — Check out the Flux x Raiz Flux Academy this month Download the Raiz App ...
Oct 08, 2024•7 min
Virgin Australia announced last week that Qatar Airways officially plans to buy a 25pc stake in the Aussie airline but there’s still one little, big hold up. LVMH has signed a monster 10-year sponsorship deal with Formula One to put their brands all over the racing circuit. Youtube is bringing big changes to Youtube Shorts to try and compete with TikTok. — Check out the Flux x Raiz Flux Academy this month Download the Raiz App - Investing made easy Download the free app (App Store): http://bit.l...
Oct 06, 2024•7 min
SPC, the Aussie canned fruit and vegetable producer, has finalised a three-way merger with Original Juice Company and Nature One Dairy - creating a $400 million company. Character.ai, one of the leaders in AI, is ditching its plans to make AI models itself after its founders were poached by Google in a $2.7 billion USD deal. Origin Energy has seen its share price drop after it revealed it would abandon its plans to develop hydrogen energy. — Download the free app (App Store): http://bit.ly/FluxA...
Oct 03, 2024•7 min
Chemist Warehouse has seen its profit jump almost 80% as it gets closer to finalising its merger with Sigma Healthcare. Australia’s airline industry has a new player in town, and its name is Koala Airlines. OpenAI, the creator of ChatGPT, has seen a number of execs quit after it announces plans to become a fully for-profit business. — 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...
Oct 01, 2024•7 min
The share price of Australia’s biggest mining companies jumped more than 13% last week after a major stimulus announcement from China VIsa is being sued by the US Justice Department for allegedly monopolising the debit card market illegally Chocolate may become a whooooole lot more expensive in 2025 as the price of cocoa have jumped rapidly this year — Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newslett...
Sep 29, 2024•7 min
Warner Bros Discovery has confirmed plans to launch its Max streaming platform in Australia in the first half of 2025. Google Australia is about to roll out the most significant change to its Search engine in over a decade…because it’s welcoming AI. Meta has debuted augmented reality glasses called Orion, with holographic displays. — Download the moomoo app here to get 3 free stocks when you sign up. Conditions apply Moomoo disclaimer: *Pass-through fees and FX costs not included. *T&C's app...
Sep 26, 2024•10 min
Woolworths and Coles are in hot water after the ACCC filed a court case alleging that the supermarkets have misled consumers over products on sale. The Reserve Bank of Australia has sat for the sixth time this year… and paused the cash rate for the sixth time.. At 4.35%. Intel has received a $5 billion USD investment offer from Apollo Global Management just after a potential takeover offer from rival Qualcomm. — Download the moomoo app here to get 3 free stocks when you sign up. Conditions apply...
Sep 24, 2024•7 min
Myer’s shares have dropped over 10% after it suffered a fall in its annual sales, but it's doubling down on its private labels like sass & bide, Marcs and David Lawrence. Airbnb has seen a significant shift in its accommodation demands so now it has a brand new focus for growth - long-term stays Nike has seen its share price pop more than 7% after announcing a new CEO… after slowing sales growth — Download the moomoo app here to get 3 free stocks when you sign up. Conditions apply Moomoo dis...
Sep 22, 2024•7 min
A new KPMG report shows that Australian CEOs are keen to pull the plug on work from home and bring staff back into the office 5 days a week. Harvey Norman has been hit with a class action over allegedly selling worthless extended warranties to customers. Instagram is introducing “teen accounts”, with restrictions in place, hoping of making the platform safer for young people. — Download the moomoo app here to get 3 free stocks when you sign up. Conditions apply Moomoo disclaimer: *Pass-through f...
Sep 19, 2024•9 min
CommBank is exploring the possibility of replacing thousands of local call centre staff with an AI-customer service centre. Microsoft has announced a $60 billion share buy back as well as a 10% increase to its quarterly dividend. Tupperware Brands, the brand behind the kitchen staples, is preparing to file for bankruptcy this week after it struggled to manage more than $700 million USD in debt. — Download the moomoo app here to get 3 free stocks when you sign up. Conditions apply Moomoo disclaim...
Sep 17, 2024•7 min
The Australian government wants to fine social media platforms up to 5% of their global revenue if they don’t stop the spread of misinformation Microsoft is cutting 650 jobs at its Xbox gaming division after its making its biggest acquisition to date -the $69 billion USD purchase of Activision Blizzard Temu’s parent company, Pinduoduo, saw its share price drop more than 3% on Friday after the US proposed new tariffs on their products — Download the moomoo app here to get 3 free stocks when you s...
Sep 15, 2024•7 min
REA Group, the owner of Realestate.com.au, has had its first offer to acquire UK’s Rightmove rejected - but it may come back for more. HESTA, the super fund, is putting pressure on Australia’s largest companies to adopt gender targets across their entire organisation. Google is facing its second antitrust trial against the US Department of Justice in just 2 months - for allegedly monopolising the digital advertising industry. — Build the financial wellbeing of your team with Flux at Work: https:...
Sep 12, 2024•7 min
SafetyCulture, the workplace safety tech company, has raised $165 million, but its valuation took a little bit of a haircut in the process. Apple’s share price has fallen more than 1% after its annual product launch didn’t quite excite investors as much as expected. Wise has been granted the Australian financial services licence by ASIC and it’ll be offering new investment products to its customers later this year. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fl...
Sep 10, 2024•7 min
Star Entertainment, the major casino operator, has put its shares in a trading halt as it looks for ways to survive. Ticketmaster’s owner, LiveNation, is under investigation after being criticised for inflating the price of concert tickets in the UK…and this issue could soon come to Australia too. Burberry is set to be dropped from London’s FTSE 100 index after 15 years, as its share price plummets to its lowest price since 2010. — Build the financial wellbeing of your team with Flux at Work: ht...
Sep 08, 2024•7 min
Coles is cutting two of its liquor chain brands and will fold them under the Liquorland banner to grow sales. Country Road Group has reported a 66% drop in annual profit as it struggles to find its footing after breaking away from David Jones. Canva has jacked up the prices on some its offerings by up to 300% as it plans to for a potential listing in 2026. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/Fl...
Sep 05, 2024•7 min
REA Group has announced that it’s considering acquiring Rightmove, the United Kingdom’s largest property platform. Abercrombie and Fitch, the 90’s teen retailer, has seen its quarterly sales jump to over $1 billion USD after doing a major revamp to its brand. Airtrunk, the Australian data centre group, has been sold for over $23 billion after a 12 month auction that was heated . — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App S...
Sep 03, 2024•7 min
Adore Beauty has seen its sales jump more than 7% but now it’s making a slightly unconventional move into the physical world. Apple and Nvidia are in talks to invest in OpenAI as part of its latest capital raise, which would value OpenAI at $100 billion USD. Cettire’s shares dropped 20% last week after it announced that its annual earnings would be 20% lower than the previous year. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (Ap...
Sep 01, 2024•7 min
Wesfarmers has seen its annual sales jump to more than $44 billion and it’s putting a heap of praise on one particular business. Qantas has reported a 16% drop in its annual profit in its first annual update since new CEO Vanessa Hudson stepped in. Nvidia, the AI chipmaker, exceeded its quarterly guidance on all the key metrics… but its share price dropped more than 7%. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): ht...
Aug 29, 2024•7 min
Coles has seen its profit jump to over $1.1 billion…copping applause from shareholders and flak from customers and government. Bunnings, Officeworks and Priceline are all looking to build a new revenue stream…and it’s not physical products…OR SNAGS. Guzman y Gomez has smashed profit forecasts in its first earnings update since its IPO. — 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 t...
Aug 29, 2024•7 min
Uber Australia has pulled the pin on its carshare business after an 8-figure Australian acquisition in 2022. Beyonce is launching a new whiskey line in collaboration with Moet Hennessy as another celeb jumps on the alcohol bandwagon. SiriusXM Holdings has signed a $100 million USD for Alex Cooper’s Call Her Daddy podcast and her network of shows. — 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...
Aug 25, 2024•7 min
Medibank Private has seen its share price fall after missing its big fat target for member growth. The owner of the 7-Eleven chain globally has been approached in a $40 billion USD takeover from a Canadian convenience store retailer. Breville, the home appliances company has has brewed up record high sales, and its got its coffee machines to thank for it. — 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...
Aug 22, 2024•7 min
CommBank has warned that keeping cash at its bank branches is costing it more than $350 million a year. X, formerly known as Twitter, has seen its ad revenue drop by more than 24% in the first half of this year, as advertisers stay away from it. General Motors is cutting 1,000 software employees globally to streamline its initiatives and explore 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/FluxAppSt...
Aug 20, 2024•7 min
NAB has announced a $1.75 billion cash profit for the past three months, but it’s facing a pesky problem from its customers. Origin Energy has announced a record annual profit… but its shares had a bit of a blackout, with a 10% dip after some red flags for the upcoming year. Paramount Global’s shares have jumped 7% as a surprise new entrant prepares a counteroffer for the media giant. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app ...
Aug 18, 2024•7 min
CommBank has announced a whopping $9.8 billion cash profit for the past 12 months after growing its customer base even further. Telstra has seen its annual net profit take a double-digit drop after its mobile price rises weren’t enough to offset some major expenses. Universal Music Group and Meta are expanding their music-licensing deal, which will make Universal’s songs available on all of Meta’s platforms. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwor...
Aug 15, 2024•7 min
JB Hi Fi has seen its full-year profits fall over 16% and investors piled on… in a good way.. Sending its shares up more than 10%. Temple & Webster nearly hit $500m in annual sales and its share price skyrocketed 26%. Seek’s shares dropped over 7% after it announced that earnings for the 2024 financial year fell by 13%. — 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 ...
Aug 13, 2024•7 min
News Corp, the publishing behemoth, has officially put up Foxtel and its streaming services up for sale! The parent company of clothing brands Millers, Katies and Noni B saw its shares drop more than 40% last week as it struggles to stay afloat. Life360’s share price has hit an all-time high as it crosses 70 million users. — 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 (...
Aug 11, 2024•7 min
