What the Flux - podcast cover

What the Flux

Bite-sized business news. 5 minute breakdown of the top 3 Australian or global business stories of the day. Tailor made for busy humans. Hosted by Brett Joffe and Justin Joffe, co-founders of Flux.

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Episodes

Australian Women's Weekly's not-so-glossy future | Meta ties the knot with Ray Ban | The battle of Lululemon vs Costco

Some of Australia’s most iconic magazine titles, like The Australian Women’s Weekly and Woman’s Day are being put up for sale… again. Meta has invested 3 billion euros into the maker of RayBan as it plans to double-down on smart glasses. Lululemon is suing Costco for allegedly copying its clothing designs — and it’s come with receipts. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bi...

Jul 13, 20257 min

Telstra cuts jobs... again | CSL vs Trump | MYOB's plans to take on the big banks

Telstra is planning another mass job cut of over 500 jobs as it pushes to hit its new 2030 strategy… with AI. Donald Trump’s new threat of tariff on overseas pharmaceutical companies has put Australia’s pharma industry in the firing line. MYOB, the accounting software company, is trying to take on the big banks in the business banking market. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: htt...

Jul 10, 20257 min

WE'RE BACK!!! The RBA shocks us all | Uber's riding high on your data | Aldi Australia (finally) comes online to compete with Coles & Woolies

The Reserve Bank of Australia has thrown one of the great surprises of 2025 by pausing the cash rate at 3.85%. Uber Australia’s advertising business has grown to over $150 million as it doubles down on ads as their latest revenue stream. Aldi has launched a home delivery service in Australia for the first time to get a slice of the growing online grocery industry. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay...

Jul 08, 20257 min

Jetstar crashes out of Asia | Cochlear’s small whisper of growth | Cettire loses 85% of its market value

Jetstar Asia is being shut down after 20 years of trying to break into the Asia market…and failing Cochlear, the ASX-listed medical device company, has seen its shares take a hit but it’s hoping its bionic ear will save the day Cettire, the online luxury fashion retailer, has seen its shares nosedive 30% after a slowdown in sales, profit and US luxury purchases _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Googl...

Jun 12, 20257 min

Afterpay gets regulated | Siri lets us down...again | WarnerBros Discovery breaks up

Afterpay and all other buy now pay later lenders just got slapped with the same laws as credit card lenders…and that means tighter lending criteria Apple announces sleek new updates at WWDC 25… but kicks the Siri AI overhaul further down the road Warner Bros. Discovery is splitting into two companies – one for streaming, one for old-school TV to reinvigorate investors _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app...

Jun 10, 20257 min

David Jones gets a revamp | The $150 billion aftermath of Trump & Musk's break up| Hermès Australia bags a profitable year

David Jones is in the red again but its private equity owners are going all-in with a $190 million debt boost. Tesla saw $150 billion USD wiped off its value late last week after Elon Musk and Donald Trump bromance is officially over. Hermès Australia is defying the cost-of-living crisis after record sales in Australia… and sending a a huge chunk back to Paris. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Googl...

Jun 08, 20257 min

Mecca makes the billion-dollar club | Westpac faces $100 million fine | Elon Musk's big test

Mecca has officially joined the billion-dollar club after clocking $1.2 billion in sales Westpac’s home loan brand RAMS is in hot water after ASIC alleged it enabled years of dodgy home loan behaviour Elon Musk’s artificial intelligence company xAI is launching a $300 million secondary share sale _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: h...

Jun 05, 20257 min

IDP Education plummets 48% | Treasury Wine's major hiccup | McKinsey cuts 10% of its workforce

IDP Education has warned investors of a major earnings downgrade, which saw its share price tumble 48% in a single day. Treasury Wine Estates, the Aussie winemaker behind Penfolds, has just suffered a major hiccup in its big, bad, bold US strategy. McKinsey, the leading management consulting company, has cut its workforce by over 10%, as it lets AI tools like take the wheel. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/Fluxap...

Jun 03, 20257 min

Virgin Australia's staff gift | Glencore's $30 billion shift | NYT surrenders to AI

Virgin Australia offers $3000 worth of shares to staff as it prepares for takeoff… onto the ASX. Glencore, the mining behemoth, has shifted over $30 billion of its assets into an Australian subsidiary… but there seems to be more than meets the eye. The New York Times signs its first-ever AI deal after years of pushing back against AI companies - but it’s not with its arch-nemesis OpenAI. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://...

Jun 01, 20257 min

Webjet breakup looks good on WebBeds | Hailey Bieber's billion dollar business | Nothing can stop Nvidia

ASX-listed Web Travel Group which used to be part of Webjet is soaring after seeing its bookings pop… and its share price pop even more Hailey Bieber has sold her viral beauty brand Rhode to Elf Beauty for $1 billion USD Nvidia, the AI chip king, has forecasted a massive quarter of growth despite their slowdown in China _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewslet...

May 29, 20257 min

Wisetech's next $3.3 billion bet | Healthscope goes bust | Tim Tam slams on the expansion

Wisetech, the ASX-listed logistics beast, has announced a $2.1 billion acquisitions — its biggest yet… but a long mile. Healthscope, Australia’s second-largest private hospital group has fallen into administration after it struggled to make repayments on its whopping debt. Arnotts is riding a new wave of love for its Tim Tams with its plans to expand aggressively overseas. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the fre...

May 27, 20257 min

Myer's honeymoon is over | Kmart's bold plans | OpenAI's acquires unknown company for $6.5 billion

Myer has warned that its second half is off to a bit of a wonky start… and its $900 million acquisition ain’t delivering the goods Kmart’s new boss wants to double its sales to $20 billion and she’s betting big on beauty, younger shoppers and Anko to get there OpenAI just spent $6.5 billion USD on a startup with no product AND no revenue… but everyone’s excited _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Googl...

May 25, 20257 min

Westpac cuts 5% of its workforce | Mayne Pharma's big headache | Bitcoin's major milestone

Westpac’s new CEO is cutting 5% of its workforce to reduce costs after disappointing investors with first half year results. Mayne Pharma shares tumbled 40% after its potential buyer has threatened to walk away its $672 million takeover bid. Bitcoin hit an all-time high yesterday after breaking through the $110,000 USD barrier - and it’s now worth more than Amazon and Google. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the ...

May 22, 20257 min

RBA cuts rates with a warning | Monash IVF's costly mistake | Sesame Street finds a new home

The RBA has cut the cash rate by 0.25% to 3.85%, but warns that Trump’s tantrums could still shake the Aussie economy Monash IVF has warned of an ugly update to its profit guidance after an embryo mix up caused share prices to fall 34% Netflix has signed a deal with Sesame Workshop to make Netflix the new streaming home of Sesame Street. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/F...

May 20, 20257 min

Xero's sticky profit | Burberry cuts 1,700 jobs | HBO is back... again

Xero’s full-year profit has jumped 30% as it grows its user base…but uses a simple method to grow revenue - jack up its pricing. Burberry, one of the world’s biggest luxury brands, is planning to cut one fifth of its global workforce after a £75 million loss. Warner Bros Discovery is backtracking on ‘Max’ branding for its streaming service…with HBO back in the spotlight. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free ...

May 18, 20257 min

Commbank's billion dollar boost | eToro pops on Nasdaq | Airbnb launches new services, including haircuts?!

CommBank has seen its cash profit jump to over $2.6 billion for the quarter as it pushes hard into business banking. eToro, the stock broking platform, has popped more than 40% on its sharemarket debut after investors were scrambling to get a slice. Airbnb now wants to book your personal trainer, spa day and celeb experience — not just your holiday home _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily news...

May 15, 20257 min

Woolies hits the reset button | Life360's fam is growing | Fox Corp joins the streaming wars

Woolworths plans to go through a major “reset” by cutting grocery prices to regain its declining market share. Life360, the family tracking app, has seen its shares jump more than 13%... after its paid subscriptions skyrocketed. Fox Corp is launching its own streaming service, called Fox One, but it doesn’t want to kill its pay-TV in the process. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter:...

May 13, 20257 min

Domain's billion dollar deal | Disney's magical earnings | NewsCorp's winners and losers

Domain, the Aussie real estate site, will be sold to US real estate giant CoStar in a deal worth $2.8 billion deal after Domain’s majority shareholder gave the thumbs up. Disney has reported a magical quarterly earnings update as its parks and streaming divisions pull a rabbit out of the hat. NewsCorp outperforms investor expectations as it relies more and more on its digital brands for growth. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): ...

May 11, 20257 min

JB Hi Fi's done it again | Tabcorp's secret weapon | A new threat to Google's Search dominance

JB Hi-Fi has seen its sales growth slow but its tech-hungry shoppers are still helping it grow and grow Tabcorp has seen its share price bounce 10% as it makes a big bet on live in-play sports betting Google has seen its market value fall by more than $170 billion USD after its exclusivity as Safari’s search engine is under threat _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/...

May 08, 20257 min

Westpac's profit dip | Shell's major takeover plans | Netflix Australia sidesteps tax

Westpac has seen a dip in its first half profits but its new CEO is ramping up... instead of squeezing costs. Shell is considering a whopping takeover of its rival BP and this could become one of the biggest oil mergers ever. Netflix made $1.3 billion in Australia last year and no surprises here - they sent 93% of it overseas. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/flux...

May 06, 20257 min

Atlassian tanks on freebie talk | McDonald's Golden Arches lose their shine | Amazon has Prime profits but tariff tantrums

Atlassian has seen its market cap fall by more than $15 billion, despite seeing a boost in sales McDonald’s has served up another drop in sales as low and middle-income diners have been squeezing every penny Amazon has beaten its earnings expectations, but tariffs and trade drama were the unwanted guest crashing the investor update _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/Fluxapp...

May 04, 20257 min

Coles wins the top shelf | Pet Circle's sales are up, profits down | Visa's AI payments

Coles is winning the supermarket war as its private label brands and online sales drive its revenue. Pet Circle, one of Australia’s largest online pet stores, has seen its sales jump to nearly $400m… but it’s burning cash to get there. Visa has announced it’s teaming up with OpenAI and Microsoft’s Copilot to let AI run your payments. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/Fluxa...

May 01, 20257 min

Flight Centre's profit forecast is in freefall | Aussie streamers choose ads | Facebook Australia's tax loophole (again)

Flight Centre has cut its profit forecasts by more than $100 million as many people start to fear about US travel. Aussies are feeling the pinch with their streaming subscriptions… but rather than cancel, they’re just downgrading to ads. Facebook's Aussie revenue has jumped to $1.46 billion, butthe Australian Tax Office will likely see none of it! _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http:...

Apr 29, 20257 min

Cettire's luxury price crash | Tesla's got a Musk-brand-issue | OpenAI's plans to acquire Chrome

Cettire, the luxury fashion marketplace has suffered its first loss in 3 years after it geot squeezed left, right and centre Tesla has seen its profits plummet 71%... but its share price still jumped more than 5% OpenAI, the owner of ChatGPT wants to buy Google’s Chrome… if Google is forced by the courts to sell it _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily ...

Apr 27, 20257 min

Shein Australia overtakes local retailers | Google could be split up | ARN Media's new AI host

Shein, the fast-fashion retailer has seen its revenue jump to over $1.2 billion in Australia as it speeds past Accent Group. A US Judge has found that Google illegally maintained a monopoly in online adtech— and the consequences could shake up the entire ad industry. ARN Media is facing another scandal after it admits to using an AI-generated personality as one of its daytime radio hosts. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http:/...

Apr 22, 20257 min

Bunnings revs its engine | Prada acquires Versace | Hey Siri , turn off the tariffs

Bunnings expands into auto parts as it looks to tap into the $1.5 billion car market… after stepping out of the car market over 2 decades ago. Prada has made the big acquisition of its Italian luxury competitor Versace for $1.38 billion USD. Apple has dodged the tariff-bullet as Donald Trump announces a tariff exemption on consumer electronic goods made in China. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay ...

Apr 15, 20257 min

Virgin Australia overcharges 61,000 customers | Trump's tariff trauma | Canva takes on Microsoft head-first

Virgin Australia has admitted to overcharging 61,000 customers… just as it prepares for an ASX comeback Donald Trump has put a 90 day pause on his mega-tariffs and it’s largely because the bond market threw a tantrum Canva has dropped one of its biggest product updates ever to compete head on with Microsoft’s Office Suite _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsl...

Apr 13, 20257 min

Storage King's billion dollar play | Rugby Australia scores with Nine | Warren Buffett's done it again

Storage King, the ASX listed self-storage operator, is fielding a multi-billion takeover offer because its majority owner isn’t happy with its progress. Rugby Australia has locked in a new major broadcast deal with Nine — and if they pull off some wins, it could mean even more cash for the Wallabies. Warren Buffett was hoarding cash in 2024 while everyone else was riding the bull market… but now he’s having the last laugh with the latest tariffs. _ Download the free app (App Store): http://bit.l...

Apr 10, 20257 min

Major Aussie superfunds hacked | Star Entertainment's $300 million lifeline | TikTok's got a lot of buyers

Australia’s largest superfunds were hit in a co-ordinated cyberattack with thousands of accounts hacked into… and now the regulators want answers! Star Entertainment lives to gamble another day after receiving $300 million in survival funds… but it will lose control of the company’s management in exchange Donald Trump has extended TikTok’s deadline (again) for finding a new US owner as negotiations with major US investors heat up. _ Download the free app (App Store): http://bit.ly/FluxAppStorel ...

Apr 08, 20257 min

KFC faces a beefy war | Nike stumbles over tariffs | Apple's largest wipeout on record

The owner of KFC Stores in Australia, Collins Foods, has seen its shares drop nearly 3% as Trump’s tariff might result in more beef-eaters in Australia. Nike has seen its share price plummet after Donald Trump’s new tariff on Vietnamese imports. Apple has become one of the biggest losers of the global tariffs with its largest one-day valuation wipeout on record. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay D...

Apr 06, 20257 min
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