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

Atlassian's acquisition spree | Nvidia becomes BFFs with Intel | Cocoa prices fall

Atlassian has dropped a lazy $1 billion USD to acquire US startup DX…which makes it Atlassian’s biggest acquisition yet. Nvidia is investing $5 billion USD into its long-time rival Intel that flips a decades-long rivalry into a collaboration. Chocaholics may be finally catching a break as cocoa prices have started to fall after all-time highs in late 2024. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily ne...

Sep 21, 20257 min

Santos $36 billion takeover collapses | Meta x Ray-Ban demo flops | Stubhub's IPO mis-timing

Santos, the second biggest oil and gas producer in Australia, has seen its shares plummet 11% after a $36 billion takeover deal collapsed before their very eyes. Meta has unveiled its new AI-powered Ray-Bans that can become your second eyes… but it wasn’t without a hitch. Stubhub, the online ticket marketplace, plummeted 6% below its listing price on its debut day on the NYSE. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/Fluxa...

Sep 18, 20257 min

ANZ in $240 million "crisis" | Apple's Liquid Glass | Gucci-owner delays decision on Valentino acquisition

ANZ has been hit with a record $240 million fine for widespread misconduct across multiple divisions. Apple has launched its biggest iPhone design update in years with its iOS 26 update… but some Apple users are being left behind. Kering, the owner of Gucci and Balenciaga, has asked for more time to acquire luxury fashion brand Valentino as its new CEO shifts its focus to cutting debt. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit...

Sep 16, 20257 min

Nine's shares plummet | The Good Guys go bad | Adobe fighting back against Canva

Nine Entertainment saw its shares plunge 36% in a single day late last week… but don’t panic, there’s a reason. The Good Guys has been slapped with $13.5 million fine for misleading customers with dodgy store credit promos. Adobe shares have climbed after the software design giant has its customers spending big on AI-design. _ 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/fluxnew...

Sep 14, 20257 min

Nvidia invests in Aussie startup | Oracle surges 36% after four-year guidance | Klarna booms on IPO

PsiQuantum, the Aussie quantum computing start-up, has raised $1 billion USD and boosted its valuation in the process. Oracle shares had their best day since 1992 earlier this week, after 36% surge thanks to the growth in AI. Klarna, the Swedish buy now pay later, has seen its shares rise 15% in their first day of trading on the New York Stock Exchange. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsl...

Sep 11, 20257 min

ANZ slashes 4,500 jobs | Coles & Woolies face $1 billion cost | Cashrewards shuts down

ANZ is cutting 4,500 jobs and scaling back consultants in a $560 million restructure under its new CEO. Coles and Woolworths are facing a billion-dollar bill after a court ruled on its staff underpayments. Cashrewards, the Australian cashback platform, has announced plans to shut down after 11 years. _ 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/fluxnewsletter Flux on Instagram...

Sep 09, 20257 min

Atlassian takes on Google & Microsoft | Macquarie dominates home loans | American Eagle's denim dreams

Atlassian has announced plans to take on Google and Apple with a near-$1 billion acquisition of an AI-powered browse. Macquarie has smashed the Big Four banks in July this year, snapping up nearly 40% of all Australian home loans written. American Eagle’s controversial ad campaign with Sydney Sweeney has attracted criticism…but also seen a 25% share price increase. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay...

Sep 07, 20257 min

Rugby Australia crushes debt | Mecca under ASIC's latest radar | BYD shares fall 5%

Rugby Australia has wiped its debt after the success of its British and Irish Lions Tour this year…and now it’s ready to run the ball upfield with a big investment. Giant Aussie retailer Mecca has been flagged for investigation by ASIC over non-compliant reporting. Electric vehicle maker BYD has seen its shares fall 5% after its profits had a little tumble for the first time in three years. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http:...

Sep 04, 20257 min

The Reject Shop to become Dollarama| Rokt & roll for an IPO | ACCC after Aldi's veggie cartels

The Reject Shop is planning to re-brand its stores into Dollarama stores as it pushes towards becoming a super-low priced retailer. Rokt, the Aussie tech company, has been revalued by its major investors to over $7 billion as it ramps up towards a 2025 IPO. Aldi’s vegetable suppliers are facing court action over alleged price fixing. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.l...

Sep 02, 20257 min

Domino's slices off discounts | OpenAI's Aussie expansion | Lovisa's shiny new opportunity

Domino’s has just served up its first annual loss in 20 years after major discounting… but now they’ve warned… the discounting ends here! ChatGPT’s OpenAI is opening its first Australian office – and the winner is… Sydney. Aussie retailer Lovisa has seen a 14% jump in annual revenue as it prepares to steal market share from its major competitor.. Who is bankrupt. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay D...

Aug 31, 20257 min

Woolworths' profit plunge | Qantas profits are sky-high | Lego fights Netflix for attention

Woolworths has copped investor backlash as its profit falls 17%…and Coles keeps catching up. Qantas has flown to a near-record profit thanks to the growing profitability of Jetstar and its loyalty program. Lego has hit record sales and profit growth in first half of 2025 as parents vote social media addiction to be top 3 fears for their children. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: ...

Aug 28, 20257 min

Coles boosted by its private label | Reece's share price down the drain | Labor launches 5% home deposit scheme

Coles has seen its shares jump 8% after a big push in its home-brand products. The country's largest supplier of plumbing and bathroom supplies - Reece’s - has seen shares flushed 21% after its profits plunge. The Labor government has brought forward an expansion of its 5% home deposit scheme by three months. _ 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/fluxnewsletter Flux on ...

Aug 26, 20257 min

GYG's shares lose its spice | Mainland's cheesy acquisition | Inghams gets roasted

Guzman y Gomez’s shares have tumbled 18% after its sales growth falls short of its big expectations. Fonterra sells off its Mainland cheese and butter brands to the French dairy giant Lactalis in a $3.8 billion NZD deal. Inghams shares have taken a roasting as its profits slumped due to a breakdown in its relationship with Woolworths. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/Fluxa...

Aug 24, 20257 min

Universal Store's private strategy | James Hardie's valuation plummets 27% | Breville's caffeinated earnings

Universal Store has seen its sales jump nearly 16% thanks to its private brand strategy. James Hardie has seen its share price plummet 27% after it missed earnings across pretty much every single metric. Breville’s bet on coffee has brewed nicely in China and the Middle East as its revenue perks up nearly 11% over the past year. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGoog...

Aug 21, 20257 min

Qantas receives the largest fine in history | CSL's share price is bleeding | Soho House closes doors to public markets

Qantas has copped a record $90 million fine for its illegal sackings of staff…and more than half of the money is going straight to the union. CSL, the Aussie biotech, is cutting almost 3000 staff globally, as part of the biggest shake-up of the last decade. Soho House, the members club, is going private again after battling in the public markets for the past 4 years. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (...

Aug 19, 20257 min

Temple & Webster's furniture fortune | Ampol's billion dollar pump-up | Bonds undies has an uncertain future

Temple & Webster is riding the home improvement boom after it experienced a 6x profit jump… and investors reclined into the good news Ampol, the petrol retailer, has acquired EG Petrol for $1.1 billion to pump up its petrol station empire Gildan Activewear has snapped up Hanesbrands, the owner of Bonds and Sheridan, for $2.2 billion USD _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly...

Aug 17, 20257 min

Telstra’s buyback spree | Westpac’s profits jump 14%| Perplexity's big bid for Google's Chrome

Telstra has seen its annual net profit jump 31% off the back of growth in its mobile services… and now it’s on a buyback rampage. Westpac’s profit jumped 14% in the last quarter but mortgage brokers keep eating its lunch. Perplexity, the AI search engine, has put in an offer to buy Google’s Chrome for more than $34 billion USD. _ 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/flux...

Aug 14, 20257 min

The RBA's cash rate call | NBN Co's billion dollar loss | JB Hi-Fi's big payout

The RBA has cut the cash rate by 0.25% to its lowest level in more than two years. NBN Co has cut its losses to under $1 billion in the last financial year as it spends big on upgrades to keep up with competition. JB Hi-Fi celebrated a 10% jump in sales as its CEO resigns with a big payout for investors. _ 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/fluxnewsletter Flux on Insta...

Aug 12, 20257 min

News Corp's black sheep | McDonald's chicken rules the roost | Spotify's price rise sparks shares

News Corp has seen a 14% jump in EBITDA for the full year, but parts of its Australian operations became the family embarrassment McDonald’s has bounced back in the most recent quarter after going full Colonel Sanders in the chicken wars Spotify has warned customers of a price rise for its premium subscription… and its share price jumped 8% on the news _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsle...

Aug 10, 20257 min

REA Group’s juicy profit | Human error wipes $400 million from TPG Telecom shares | Duolingo’s taking over the learning world

REA Group just announced juicy profit and a bigger dividend as a parting gift from its retiring CEO. The ASX’s recent ‘human error’ has seen $400 million in value wiped from TPG Telecom shares. Duolingo’s quarterly results have smashed investor expectations as more globetrotters look to learn a new language…and not quit _ 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...

Aug 07, 20257 min

A new challenger airline in Australia? | TPG Telecom rings in more investors | Reddit's share price gets upvoted

A new challenger airline in Australia plans to be compete against Qantas and Virgin within 12 months… but doesn’t have a single plane (yet). TPG Telecom is handing back $3 billion and simplifying its business model in a bid to win over new investors. Reddit has seen its share price skyrocket over 30% in the past 5 days as investors get excited about its growth in new revenue. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/Fluxap...

Aug 05, 20257 min

ResMed investors sleep soundly | Figma pops 250% on IPO | Ozempic faces a new challenger

ResMed beats full‑year earnings and revenue forecasts thanks to a growth in snorers around the world. Figma, the design software, has tripled its market value on its IPO debut in one of the biggest first day pops for a US software company ever. Novo Nordisk, the company behind Ozempic, has seen market value slashed by over €60 billion after investors worry it’s losing the obesity drug race. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http:...

Aug 03, 20257 min

Flight Centre's jet-lagged profit | Harley-Davidson fails to rev its engine | Meta's AI surprises everyone

Flight Centre has downgraded its profit guidance for the third time because of a slowdown in global travel. Harley-Davidson has just sold a key part of engine that kept its business humming…after its sales fall year over year over year. Meta’s share price has jumped 9% after its quarterly earnings smashed past investor expectations… but the spend-a-thon is continuing. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app ...

Jul 31, 20257 min

Webjet hit with $9 million of turbulence | Aussie banks refund millions to customers | Anthropic faces class action suit

Webjet will be fined $9 million by the ACCC after they admitted to misleading customers with false advertising. Three major Aussie banks will refund nearly $60 million to vulnerable customers after ASIC found it was charging customers fees that they couldn’t afford. Anthropic, the AI startup backed by Amazon, is now facing a class action lawsuit from authors who claim their work was used without permission. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bi...

Jul 29, 20257 min

Bapcor's lost its Midas touch | Paramount's new owner | LVMH battles against the economy

Bapcor, the company behind Autobarn, Burson and Midas, has issued a major profit warning, three directors have quit, and its share price has nosedive. Paramount has finally merged with Skydance in an $8 billion USD deal after close to 2 years of negotiations. LVMH has seen its share price fall more than 8% after investors get major tariff anxiety. _ Learn more about iShares by BlackRock here Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http:/...

Jul 27, 20257 min

Fortescue's hydrogen runs out of gas | YouTube hits record viewership | Tesla's worst quarter in a decade

Fortescue, the WA-based mining giant, has smashed its export records… but its hydrogen dreams have run out of gas. YouTube has smashed viewership records and ad revenue as it competes head on with old-school TV channels. Tesla has suffered its steepest drop in quarterly revenue in over a decade after it struggles with strong competition and less government-support. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePla...

Jul 24, 20257 min

Seek & Employment Hero go from friends to foe | Qantas' AI-pology | Trump's GENIUS Act

Seek, the digital jobs marketplace, is being taken to court by its former friend Employment Hero. Qantas has admitted to using AI for its CEO email sent to customers that were affected by their data breach. Donald Trump has signed the very first crypto bill in US history… and crypto valuations are going bonkers. _ 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...

Jul 22, 20257 min

CommBank in hot water over redundancies | Netflix revenue jumps 12% | AI startup Lovable rides the unicorn

Australia’s biggest bank is in hot water with the finance sector union for allegedly using “redundancy” as cover to send local jobs offshore. Netflix just posted record quarterly revenue…but investors still sold off the stock because of its pricey content strategy. Lovable, the startup helping people build apps without writing code, has cracked unicorn status just 8 months after launch. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://b...

Jul 20, 20257 min

Emirates takes on Aus Post | Thinking Machines raises $2 billion with no product | Pop Mart wins big with Labubu profits

Emirates is planning to take on Qantas and Australia Post by launching its Courier Express service in Australia. A stealth AI company, called Thinking Machines, has just raised $2 billion USD…before even launching a product. Pop Mart’s profits are popping off thanks to an elf doll called Labubu. _ 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: ht...

Jul 17, 20257 min

RBA's move to ban card fees | Kraft Heinz breakup | Musk's SpaceX invests into Musk's xAI

The RBA has recommended a ban on surcharges for debit and credit card payments in Australia in a plan to save shoppers $1.2 billion. Kraft Heinz is weighing up a corporate break-up… only 10 years after Kraft and Heinz got together. SpaceX is reportedly investing $2 billion USD into xAI… because when Elon borrows money, he borrows it from himself. _ Want to learn more about Helia and rentvesting? Check it out here Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free ap...

Jul 15, 202510 min
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