The ACCC has officially rejected the $4.9 billion ANZ-Suncorp merger.. But ANZ says this one ain’t over yet. eToro, the major online investment platform, is being sued by ASIC over their financial betting products. Nintendo has hit its highest first-quarter profit on record after the Legend of Zelda game took it to new heights. — 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 ...
Aug 06, 2023•6 min•Transcript available on Metacast Seafolly, the Australian bikini label, has been sold for $70 million to a new buyer after a rollercoaster decade. Uber has announced its first global operating profit for a quarter ever and now it plans to take on more industries..again. Pokemon has released a new Pokemon Sleep app… and it is pumping its way up the App Store charts as the app tries to gamify wellness. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http...
Aug 03, 2023•6 min•Transcript available on Metacast Rio Tinto says that China has pretty much maxxed out on its steel production so now it needs to find new buyers for iron ore. Birkenstock is riding the Barbie wave as it prepares to IPO as soon as September at a value of more than $12 billion bucks. TPG Telecom, the major telco and IT company, has received a $6.3 billion bid to sell some of its fibre assets. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/...
Aug 02, 2023•6 min•Transcript available on Metacast The Reserve Bank of Australia has put rates on hold for another month in a good sign for borrowers…but it warned it may not be done for good. Bondi Sands, the Australian self-tanner and skincare brand, has been acquired by a major Japanese retailer for $450 million. Foxtel is planning to launch a top-secret brand.. Which is currently called “Project Magneto” to boost their revenues and differentiate itself in the very saturated streaming industry. — Build the financial wellbeing of your team wit...
Aug 01, 2023•6 min•Transcript available on Metacast Luxury Escapes, the online Aussie travel company, has jumped into physical retail head-first by opening what some describe as the largest travel store in the world Medical diagnostics company Atomo has gone through a major pivot from producing Covid RAT tests to… pregnancy tests. Hermes has bucked the trend of the luxury industry by announcing a big boost in its sales and profits over the past 6 months — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Down...
Jul 31, 2023•6 min•Transcript available on Metacast Prospa, the small business lender, has seen its revenue jump by more than 60%... buuuut it’s share price still dropped by more than 10%. McDonald’s plans to launch a spinoff restaurant chain in 2024 and it will be named after an old-school McDonald’s character called CosMc’s. The owner of Gucci has just acquired a 30% stake in Italian fashion label Valentino for a lazy 1.7 billion euros. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free a...
Jul 30, 2023•6 min•Transcript available on Metacast Zimmermann, Sydney-based fashion label, has received an acquisition offer that values the company at $1.75 billion dollars. Meta, formerly known as Facebook, is slowly but surely gaining back investor trust after a major surge in ad revenue in its second quarter earnings. Chatime, the Bubbletea franchise, is bracing for the closure of some of their Australian outlets after struggling with some loss-making stores. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/flux...
Jul 27, 2023•6 min•Transcript available on Metacast Origin Energy is looking to build major-scale batteries across Australia to capitalise on volatility in the energy sector. WorldCoin, a new cryptocurrency created by the founder of Open AI, has just handed out millions of dollars in the currency in exchange for irises. Spotify has released underwhelming second-quarter results and its shares dropped 14%.. aaand it’s got an unpopular solution to this problem. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork...
Jul 26, 2023•6 min•Transcript available on Metacast Kmart and Target are merging to form a $10 billion behemoth, under the Wesfarmers roof. After 17 years, Twitter has officially said “bye bye birdie” as it changes its logo from the blue and white bird to a big, fat ‘X’. A Saudi Arabian soccer team has made an enormous €300 million bid for French star, Kylian Mbappe, which could pair him with Cristiano Ronaldo. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.l...
Jul 25, 2023•6 min•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 
