What the Flux

TPG is setting up a new battlefield against Telstra after partnership with Foxtel’s new streaming aggregation platform Hubbl. YouTube has rolled out a new policy that will allow people to request the takedown of AI-generated content that simulates their face or voice. Nike’s share price has dropped close to 20% after it announced that it expects quarterly sales to drop 10%. — Get 50% of Flux Pro f...

ANZ has been given the green light to take over Suncorp’s banking arm for $4.9 billion after nearly two years of battling and appealing - but now there’s a catch. Nine Entertainment, the owner of Channel 9 and major Australian newspapers will make up to 200 jobs redundant after struggling with weak advertising. Fujifilm is struggling to keep up with demand for its cameras as TikTok has made retro...

Qatar Airways is looking to acquire a 20% stake in Virgin Airlines, which acould really shake up the aviation industry. TikTok’s owner has quietly released a new social app called Whee as a competitor to Instagram where you can take photos with filters and messages. The chairwoman of Tesla and the owner of the NBL are the new majority owners of the Australian women’s basketball league. — Get 50% o...

Cettire, the luxury fashion retailer’s share price plummeted by 50% after it announced a 20% drop in its earnings forecast. Myer has announced new plans to acquire other retail brands like Just Jeans and Jay Jay’s from Premier Investments - and investors like what they hear. Prezee, the Australia gift card company, has reported a $79 million loss over the past 18 months after it loses a major part...

Penfolds is planning to re-enter the Chinese market with a bang after the monster tariffs have been removed from winemakers. Revolut, the UK-based neobank, is looking to sell $500 million of shares as it prepares for one of the biggest IPOs of the year. Kathmandu’s owner, KMD Brands, has seen half-year sales drop 8.4% and its winter sales are going to be worse-than-expected. — Build the financial...

Guzman y Gomez publicly listed yesterday in the ASX’s biggest float in over three years. Netflix is ramping up its physical world presence with two new Netflix Houses that lets shoppers feel like they're inside the world of their favourite shows. City Chic has warned that it’s expecting to see its sales fall by 30% this year and is desperate for some emergency cash from investors. — Build the fina...

Telstra has scrapped its commitment to a carbon offset scheme created by the government as well as its plans to become “carbon neutral”. Mars Wrigley, the snack behemoth, is spending millions of dollars to try and restore its chewing gum brands to their former glory. Stake.com, the online casino, is desperate to lure in tech talent from Australia’s biggest companies  so it’s throwing huge dollars...

AGL Energy has invested $150 million into a new energy-tech platform to compete with Origin Energy. BeReal, the biggest social media app of 2022, has been sold for €500 million, after struggling to turn its initial hype into sustained growth. Jake Paul, the YouTube influencer and part-time boxer is launching a new personal skincare line for men. — Build the financial wellbeing of your team with Fl...

Chemist Warehouse’s IPO listing has hit a roadblock after the ACCC has warned that its merger would “substantially lessen competition”. Apple is introducing buy now, pay later-style loans to Australian customers through a new partnership with ANZ. Qantas has wholly acquired online travel business TripADeal in a $211 million deal with the hopes to ramp up its loyalty points offering. — Build the fi...

Apple has announced a partnership with ChatGPT’s creator to bring generative AI tools to iPhones - as part of their new age of AI… or ‘Apple Intelligence’. Toyota’s reputation just took a $15 billion USD hit after it was found to have falsified car safety tests. The company behind car parts retailers Autobarn and Burson have received a takeover bid of more than $1.8 billion from a private equity g...

Virtual Gaming worlds, the Australian social gaming giant, has delivered a massive $360 million dividend to investors in its third payout for the financial year Robinhood, the stock trading app has announced a $200 million USD acquisition of cryptocurrency exchanges, Bitstamp Lululemon saw a big jump in its share price after it raised its profit forecast and announced $1 billion US dollars more in...

SPC is cutting back its canned fruit production as cost-of-living sees consumers opting for cheaper options. The owner of Champion, the sportswear brand, will sell the Champion business for nearly $1.8 billion USD to narrow its focus on “innerwear”. Zoom wants to create a ‘digital twin’ to attend meetings for you so you can go to the beach instead of being at work. — Build the financial wellbeing...

Life360, the kids tracking software, has launched its Nasdaq IPO, which means it will now be dual-listed on the ASX and Nasdaq. Meta is testing a new feature on Instagram which will force users to watch ads on videos that you can’t scroll past - like YouTube. Booktopia is cutting 50 staff members and losing its short-lived CEO as the company struggles to stay afloat. — Build the financial wellbein...

Guzman y Gomez, the Mexican fast food chain, has announced plans to list on the ASX in June at a multi-billion dollar valuation. The owner of Country Road Group has warned that it expects its earnings to be more than 20% lower in comparison to last year. Salesforce has seen its shares tumble more than 20% in its worst day of trading since 2004 after weak results. — Build the financial wellbeing of...

Catapult Sport, the ASX-listed sports tech company, has hit $100 million USD in revenue for the first time after doubling down on growing its subscription services. Sony Music is in talks to buy Queen’s music catalogue for over $1 billion USD and this would be the largest music catalogue purchase of all time. BHP has abandoned its $74 billion takeover bid for British mining company, Anglo American...

Cettire, the Australian luxury goods marketplace, has seen its share price jump more than 10% after it denied allegations that it has fake products on its platform. PetStock, the pet food retailer backed by Woolworths has been forced to sell over 40 of its stores - and has created a new major competitor in the process. TPG has come out and said that tech giants like Google and Meta should be made...

NewsCorp has signed a deal with Open AI that will help train its ChatGPT’s engine on the back of major publications. The owner of Ticketmaster has been sued by the US Justice Department for creating a monopoly in the live events industry and “suffocating competition”. Dion Lee, the Australian luxury fashion brand, has gone into voluntary administration…and it now joins growing list of Aussie fashi...

Xero, the accounting software platform, has seen its revenue spike more than 22% but AI is not going to revolutionise the business. Webjet, the online travel bookings company, has announced a record net profit after tax - and now it’s thinking about breaking up with itself. Nvidia’s released its first quarter results, with an astronomical jump in profit of over 600%. — Build the financial wellbein...

Telstra will cut over 9% of its workforce, or 2.800 jobs, by the end of 2024 in order to stay competitive in the market. Casino giant, Star Entertainment has revealed that it’s received interest from potential buyers, but Hard Rock Cafe definitely isn’t one of them. Microsoft has released a new line of laptops, using AI chips to run the software.. And taken a few shots at Apple during the announce...

Pizza Hut Australia has been fined $2.5 million for spamming customers with 10 million pizza-licious messages without their consent. Sony Music has sent a warning shot to AI companies, accusing them of stealing its artists’ content without permission. Warren Buffet’s Berkshire Hathaway has finally revealed the mystery business that he’s put $6.7 billion USD into…and it’s share price jumped 8% on t...

The owner of Mainland Cheese and distributor of Bega Cheese is planning to sell the brands in Australia because it wants to get out of the consumer-facing market. Netflix has announced it is going to build its own advertising tech platform to compete against the big players like Google, Meta and Amazon. Nike is cutting jobs at its subsidiary company, Converse as part of its cost-cutting plan. — Bu...

The Albanese government dropped this year's federal budget with a $9 billion surplus, and this year, it’s all about cost–of-living. OpenAI has released the most advanced version yet of its chatbot, ChatGPT, that can see, hear and talk like a real person. Crocs’ has stomped on their quarterly growth expectations after selling 32 million ugly-shoes in just 3 months. — Build the financial wellbeing o...

REA Group, the owner of Realestate.com.au, has seen a 24% jump in revenue for the first quarter, after a large rise in residential listings in Sydney and Melbourne. Baby Bunting, Australia’s largest baby retail chain, has seen its shares drop more than 22% after concerns around cost-of-living pressures for their customers. Airbnb’s shares dropped 8% last week after it warned investors about its se...

Origin Energy has made hundreds of millions of dollars…on paper.. After its investment in a UK energy supplier has skyrocketed. TikTok has launched a new lawsuit to challenge the US government’s decision to ban TikTok in the US. Disney’s share price has dropped to its lowest in over a year despite delivering a profit in its core streaming business. — Build the financial wellbeing of your team with...

Envato, the Australian tech company, has been sold for over $370 million, in one of the largest tech exits in Australian history. Novo Nordisk, the pharmaceutical company behind diabetes slash weight loss drug Ozempic, drops price amidst competition. Media giant Paramount Global is in talks with Sony over a potential buyout that could be worth $39 billion…after a failed negotiation with another po...