What the Flux

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 f...

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 c...

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 the...

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...

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 oth...

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 an...

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/f...

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 t...

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 f...

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...

Pizza Hut Australia has been sold by its Australian private equity owner to Flynn Restaurant Group, the world’s biggest franchise operator. Lionel Messi is set to join US Major League Soccer club Inter Miami, turning down a massive deal from Saudi Arabia after some crafty commercials to make this deal uber appealing. A month after going into administration, Jenny Craig has failed to find a buyer f...

Aussie fashion giants risk facing a mandatory levy on their trendy threads if they refuse to jump onboard a new scheme tackling fast fashion. The PGA Tour and Saudi-backed LIV Golf have announced a merger, after a tense two year rivalry… but now, they’re promising a united future for golf. The US regulator, the SEC, has filed a lawsuit against Coinbase after claiming that it has been operating as...

The RBA has raised the cash rate for a 12th time.. By 0.25% and this means the cash rate is now at an 11 year high. Apple just revealed its long awaited new augmented reality headset, Vision Pro. Amazon Australia is expected to reach $5.5 billion turnover next financial year after targeting on value-seeking consumers. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/f...

Tabcorp is bidding for Melbourne Cup broadcast rights and may become both a wagering company and a broadcast rights broker. ALDI is exploring the possibility of expanding into consumer services such as internet, insurance travel services, and solar energy. The ACCC is pleading for the growth of Aussie airlines Rex and Bonza as the duopoly of Qantas and Virgin continues to dominate the domestic mar...

Australia Post is hiking prices for several parcel and package delivery services by as much as 10% on July 3rd. Adairs, the home furnishings retailer, has seen its sales over the past few months and now it’s issued a profit warning to investors. BHP has admitted to underpaying their staff by $430 million… for over a decade. — Build the financial wellbeing of your team with Flux at Work: https://bi...

Woolworths has committed to transitioning its entire delivery fleet to electric vehicles by 2030. Kmart’s leaning into its Tik Tok cult following and looking to target Gen Z customers for beauty and storage products. Australia's superannuation sector is getting a little cosier after CareSuper and Spirit Super have joined forces and merged. — Build the financial wellbeing of your team with Flux at...

Qantas predicts high demand will likely keep airfares high until 2030 as demand for international travel will keep running ahead of supply YouTube has called it a wrap on Stories, pivoting to focus on key areas like Shorts, Community posts and live videos. Electricity prices are set to go up by up to 25% in many parts of Australia from July 1. — Build the financial wellbeing of your team with Flux...

Wesfarmers reckons “the honeymoon is very much over” after the past few years of government stimulus and low-low interest rates. Elon Musk's Neuralink, the brain computer company, has received a green light from US regulators to begin testing brain implant devices on humans. Disney+ is following its streaming service competitors and removing dozens of shows and films off from it’s platform. — Buil...

Canada Goose, the luxury clothes manufacturer, is setting up shop in Australia, despite a slow down in consumer spending.. Because the luxury market is still booming. Universal Music Group is partnering with an AI-generated music startup to help make sleep noises. The US has made an in-principle agreement to raise the debt ceiling…just days before it was going to run out of cash.  — Build the fina...

TikTok's revenue and profit in Australia have more than doubled despite being in hot water in the Western world Nvidia, the computer chip maker, has seen its market cap hit nearly $1 trillion USD as its chippies become hot property in AI race Ford electric vehicle owners will get access to Tesla Superchargers in a major deal between two rivals that could have a huge impact on the whole industry —...

Milkrun, the fast delivery grocery startup has been acquired by Woolworths for an estimated $10 million. Microsoft has announced plans to allow third party developers to create AI-powered apps.. And this could become the app store of the future. Virgin Orbit is officially shutting down after losing 99% of its value in just two years. — Build the financial wellbeing of your team with Flux at Work:...

Webjet has made a major comeback from the pandemic, with a $150 million profit turnaround over the past 12 months. Meta has sold its GIF platform Giphy to a stock photography company and copped an 85% loss on the sale in the meantime. Universal Store share prices have sunk by over 20% despite record high sales after it warned that their customers are spending less. — Build the financial wellbeing...

Qantas expects to reach a record profit of nearly $2.5 billion for this financial year - more than $1 billion higher than its previous record. Bunnings has announced a move to trial a four-day workweek for its full-time workers, which could set a precedent for the whole industry. Meta has been hit with a $2 billion fine for breaching data protection rules in the European Union. — Build the financi...

Buy now pay later companies are about to face some tough new regulation after being included in the credit laws. Instagram is planning for a US summer showdown after it plans to release a text-based app that will compete with Twitter. Apple is expected to launch its first virtual reality headset on June 5th which could be a game changer for the space.. But it comes with a pretty hefty price tag. —...

Xero, the accounting software, reported a loss over $100 million for the past 12 months, but it’s actually really really good news. The world’s biggest crypto exchange, Binance , is being banned by Westpac. Alibaba has announced its first results since splitting up the company into six units  - and its quarterly revenue was quite the disappointment. — Build the financial wellbeing of your team wit...