What the Flux

Amazon has told major Australian broadcasters that it will take a 30% cut of revenue from ads consumed through its Fire TV devices. SEN, the sports radio network, has recorded a $9.2 million loss for the financial year.. And is re-negotiating its loans to stay afloat. UK based chip designer Arm has successfully IPO-ed on Nasdaq…and this marks the biggest IPO in the world for nearly two years. — Bu...

Myer has achieved its best sales result since 2005 but has warned that it may not be able to keep it up with spending starting to slow. The merger between UFC and WWE have officially started trading on the New York Stock Exchange under a brand new company name. Gatorade has announced that they’ll be releasing a brand new product and its called…. water! — Build the financial wellbeing of your team...

Guzman y Gomez has seen its sales just 32% over the past 12 months as it gears up for a listing on the ASX. Apple has just launched their new iPhone 15 and iPhone 15 Pro models with heftier price tags than ever before. One of the biggest anti-competitive trials is underway in the US and its got Google going head to head against the US Department of Justice. — Build the financial wellbeing of your...

CSL, Australia’s biggest company company, is planning to crack the $33 billion asthma market by developing a new, personalised drug to stop inflammation. Tesla is developing a new supercomputer called Dojo that is expected to add $500 billion to its market value, according to Morgan Stanley. Warner Bros. Discovery has cut its annual profit forecast by $500 million as the Hollywood strikes show no...

Australian news publishers have seen their traffic from Facebook plummet by 50 per cent this year in the latest battle between Meta and the media. Members of HESTA, one of Australia’s largest super funds, are calling it out over greenwashing concerns. Youtube is now testing playable games in Google’s latest foray in the gaming sector. — Build the financial wellbeing of your team with Flux at Work:...

AustralianSuper, Australia's largest superannuation fund, is in hot water for costing its members $69 million in extra fees. Apple’s value dropped by over $190 billion USD late last week after China announced plans to ban iPhones in government organisations. Nine Entertainment is primed to secure the Melbourne Cup broadcast deal after Seven West Media pulled out of the running. — Build the financi...

Bunnings is looking to to play a bigger role in Australia's residential construction market by investing $75 million into prefabricated walls and roof trusses. Clubhouse is attempting to make a comeback with the introduction of a new feature called "chats". Commonwealth Bank has acquired invoice financing company Waddle to boost its digital lending arm. — Build the financial wellbeing of your team...

Step One, the "no-chafing" underwear company, has seen its share price rise 50% after a major shift in business strategy. Meta may allow Instagram and Facebook users in Europe to pay a subscription to avoid ads. Novo Nordick has just taken its place as Europe’s Most Valuable Company, with sales soaring for their weight-loss drugs. — Build the financial wellbeing of your team with Flux at Work: htt...

Qantas’ CEO Alan Joyce will step down two months early after a controversial month. Johnson & Johnson has released itself from the ownership Band-Aid and Benadryl so it can better focus on pharma and medTech. $64.1 million has been stolen by thieves from crypto casino, Stake.com — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App...

Liontown Resources, the Australian lithium miner, has received a sweetened $6.6 billion acquisition offer… which its board recommends accepting. APRA has come down hard on Australian super funds after they were too slow to revalue tech companies, including Canva. Hilton Worldwide’s Australian arm is facing off with the ATO over alleged unpaid taxes. — Build the financial wellbeing of your team wit...

Australia Post has just announced a $200 million loss and now it’s turning to the government for a potential bailout. JBL has released a new range of smart speaker with a major development - it has both Amazon's Alexa and Google Assistant inside it. Chris Hemsworth’s fitness app Centr is facing serious negative reviews after staff lay-offs… and major bugs. — Build the financial wellbeing of your t...

Qantas is in the firing line after the ACCC alleged it sold tickets for flights it had already cancelled. The party is over for Harvey Norman after it suffered a major profit decline.. Because consumers just ain’t spending like they used to. Lego is continuing to grow its market share despite other toymakers struggling with declining sales. — Build the financial wellbeing of your team with Flux at...

Flight Centre has seen its sales return to their second-highest level ever… but the secret is all in the boomers. OnlyFans, the subscription platform for adult content, has reported revenues of over $1 billion for the 12 months ending November 2022. France is paying their farmers millions to destroy surplus wine from this season. — Build the financial wellbeing of your team with Flux at Work: http...

Fortescue, one of Australia’s largest mining companies, has reported an $8.5 billion net profit for the year.. and its CEO of 6 months will be stepping down. OpenAI has announced plans to roll out ChatGPT Enterprise so that businesses can interact with AI.. with private data. Brazilian cosmetic group, Natura & Co is considering selling The Body Shop as sales continue to decline. — Build the fi...

Rolex has acquired one of the world’s most exclusive watch and jewellery retailers, Bucherer, for an estimated $7 billion USD. Tabcorp has been reborn post-demerger with a $66m profit that beat all market expectations. Appen, the Australian AI tech company, has seen its shares drop almost 30% after they claimed they’re in a “challenging external environment”. — Build the financial wellbeing of you...

Wesfarmers has seen its full year sales jump to over $43 billion thanks to its two favourite kiddies, Kmart and Bunnings Subway has been sold after 60 years to a private equity giant for nearly $10 billion USD Fashion retailer Shein has announced a new partnership with Forever 21 as both outlets look to amp up their customer reach — Build the financial wellbeing of your team with Flux at Work: htt...

Qantas has skyrocketed to new heights, well above the pandemic clouds, with a record annual profit near $2.5 billion. Nine Entertainment has seen copped a 38% fall in its net profit after ads on TV are plummeting. Nvidia, the computer chip maker has reeled in a massive $20.8 billion USD in quarterly revenue, as demand soars for their AI chips. — Build the financial wellbeing of your team with Flux...

Woolworths has announced a $1.6 billion profit and it’s largely thanks to their growing profit margin. Wisetech, the Australian logistics software company, has seen its share price drop more than 20% after its profit margin fell waaaay more than expected. Domino’s Pizza has seen its pizza sales whacked after rising prices last year.. But now its CEO promises no more! — Build the financial wellbein...

The share price of Coles’ had its biggest single-day loss since March 2020 after its full year profit dropped faster than a carton of eggs in a crowded supermarket. Collins Foods, owner of 40% of Australia’s KFC outlets, has had a winning year, but the big question is, will they keep their momentum with cost of living pressures rising? Arm, the chip designer in 99% of smartphones, is planning to I...

The owner of Peter Alexander and Smiggle has announced a nearly 10% increase in sales.. And on that note, the CEO is stepping down. A2 Milk has reported growth for the past 12 months, but investors are concerned whether there’s more milk to give. Estee Lauder’s makeup can’t even cover up the holes in its annual sales and profit which have fallen well below its forecasts . — Build the financial wel...

F45 will delist from the New York Stock Exchange after its share price dropped over 99%... and they failed to benchpress their financial reports on time. Spotify considered banning new uploads of white noise podcasts after it was dominating the algorithms. CommBank has gone on the offensive with a plan to take on payment companies and other big banks with new payment product… Powerboard. — Build t...

Endeavour Group has seen its net profit jump over 7% off the back of its success with Dan Murphy’s membership program. Origin Energy has rebounded with $1 billion profit after a year of instability in electricity prices. Roblox, the online gaming platform, will let its users turn into creators and sell “full avatar bodies and standalone heads” to make dollars. — Build the financial wellbeing of yo...

Temple and Webster is using AI to jazz up its online shopping experience and grow sales as consumers tighten wallets. An electric car maker called VinFast Auto just listed on the Nasdaq and its valuation soared past General Motors and Mercedes Benz in just one day. Life360, the ASX-listed human-tracking app, has seen its subscription revenue boom year on year…despite an overall tech slowdown. — Bu...

NAB has raked in cash earnings of $1.9 billion over the past 3 months and will now do a whoppin’ share buyback Australia Post will start offering next-day delivery services in metro areas to keep up with consumer demands…and Amazon Monday.com, the project management software, has seen its revenue jump 42% over the past 3 months to over $175 million USD — Build the financial wellbeing of your team...

The Matilda’s quarter final match on Saturday night smashed records to become biggest TV sports program in a decade… and a massive winner for Channel 7. JB Hi Fi has seen its profits slide in its full year financial results - but gaming and mobile phones are still the winners. Hopin, the multi-billion dollar virtual events company, has sold its Events and Sessions business units for a measly $15 m...