Canva is getting close to finalising a secondary share sale with a plan to sell off more than $2 billion in shares. Appen, the ASX-listed AI company, has seen its share price tumble by nearly 40% after it lost its major contract with Google. Zip Co. shares jumped 15% on the ASX after announcing it would be returning to profitability for the first time in three years. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:...
Jan 23, 2024•7 min•Transcript available on Metacast Kmart is hoping to sell its Anko branded products into major US retail stores as it turns its private label-brand into a real, standalone brand. Reddit, the social media platform, has finalised its long-awaited plans to IPO with a plan to go public in March. Uniqlo is suing Shein for allegedly selling dupes of their viral bag. — 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 a...
Jan 21, 2024•7 min•Transcript available on Metacast It's our final podcast for the year. Thank you so much for being with us this year as we shared our thoughts on some of the biggest and juicy business news stories in 2023. We'll be back and better than ever on January 22nd, 2024. Have a great break! _ Zoe Foster Blake has bought back a majority stake in her skincare brand for less than a quarter of the price she sold it for… just two years ago. The proposed marriage between design companies Adobe and Figma has been broken off after pressure fro...
Dec 21, 2023•7 min•Transcript available on Metacast General Pants, Surfstitch and Ginger & Smart are all in survival mode right now as its parent company loses millions of dollars. Zoom has dropped out of the Nasdaq 100 after battling to maintain its relevance and strong performance in 2023. Sportsbet has suffered a double-digit drop in revenue for the third-quarter compared to last year. — 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 Down...
Dec 19, 2023•6 min•Transcript available on Metacast The new owner of 7-Eleven Australia expects growth to come NOT from petrol but from merchandising - as it aggressively expands its number of stores here. China's consumer prices fell the fastest in three years in November thanks to a major decline in meat sales Tesla has recalled more than more than 2 million cars after its self-driving car features software still isn't working as planned. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free...
Dec 17, 2023•6 min•Transcript available on Metacast The ACCC is trying to push a merger between Suncorp Bank and Bendigo Bank to take on the Big 4 in banking. The US Federal Reserve has kept the interest rate on pause for a third straight time and hinted of rate cuts next year. Amazon is launching a new competitor to its own book tracking website. — 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...
Dec 14, 2023•6 min•Transcript available on Metacast McDonald’s Australia is facing a Big-Mac sized class action for allegedly forcing staff to work additional hours for free. Hasbro, the toy and gaming maker, has announced 1,100 layoffs after it saw overall revenue decline. Google has lost a major antitrust case against Epic Games that could change the app stores forever. — 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 (Go...
Dec 12, 2023•6 min•Transcript available on Metacast Australia’s two largest oil and gas companies are looking to merge in an $80 billion merger. Afterpay has suffered more than $475 million in bad debts in the last 18 months as the buy- now-pay-later industry becomes more challenging. Google has launched its latest AI model Gemini, which apparently outperforms ChatGPT according to Google. — 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...
Dec 10, 2023•6 min•Transcript available on Metacast Chemist Warehouse is looking likely to list on the ASX before the end of the year in a reverse listing via one of its suppliers. Australia Post has got the all-clear from the government to end daily letter deliveries - in order to keep it financially viable. Twitch is shutting down its operations in South Korea because of ‘prohibitively expensive’ network fees. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit....
Dec 07, 2023•6 min•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 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•Transcript available on Metacast 
