What the Flux

Meta is planning to roll out new facial-recognition technology to stop celebrity impersonations that are scamming Aussies out of billions per year McDonalds is in damage control after more than 75 people suffered from food poisoning from its burgers over the last week..and its share price dropped 7% The owner of Coach and Kate Spade, named Tapestry, has been blocked from acquiring Capri, the owner...

Canva has cracked over 200 million active users as it starts to prepare for a future public listing Grill’d, the Aussie burger chain, is under scrutiny for finding a loophole to pay thousands of workers below minimum industry rates Tesla’s shares jumped 12% after it reported its third-quarter earnings and announced plans to launch a ride-hailing service _ Check out the Flux x Raiz Flux  Academy th...

Aussie tech giant Wisetech has seen its shares drop more more than 22% over the past few days after its founder and CEO has been hit with major scandals. Amazon, Google and Microsoft have all invested in nuclear power plants as part of their goals to reduce its carbon emissions. Qantas could be forced to shell out hundreds of millions of dollars to 1700 illegally sacked workers. _ Check out the Fl...

Foxtel has announced it will start is set to offer sports content and Sky News Australia on its streaming service Binge Flight Centre has seen its share price drop more than 15% after it warned the market that airfare prices were deflating PepsiCo has announced it will put more chips back into its Dorito bags after consumers were furious with its shrinkflation Check out the Flux x Raiz Flux  Acade...

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...

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 mad...

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...

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 mo...

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 it...

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 t...

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 ab...

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 D...

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...

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...

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 ri...

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 grow...

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...

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. —...

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 p...

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...

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 custome...

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 plummet...

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 t...

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 financ...

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 fin...