What the Flux

Super funds are considering whether to vote against the re-election of male directors in 97 ASX 300 companies, in a push for greater gender diversity on boards. Elon Musk has told investors that Tesla will give traditional advertising a shot after always avoiding this method in the past. TikTok is pulling together a $6 million fund to pay the creators of its viral filters and effects. — Build the...

Apple has teamed up with Westpac to launch its 'Tap to Pay' service in Australia, which will mean every iPhone will become a payment device. The owner of Super Cheap Auto and Rebel, reckons its brands are ready-made for tightening consumer spending. Australian banks have come together to launch a new tool to combat fraud from sophisticated scams. — Build the financial wellbeing of your team with F...

Aristocrat Leisure, Australia's leading gaming company, has gaming software company NeoGames in a whopping $1.5 billion deal. Hospitality tech startups Mr Yum and me&u are looking at merging to create one big Australian company to take on the world’s restaurants together. National Geographic, the TV network, is diving into the retail game business, by launching its first brick-and-mortar store...

Pointsbet, the ASX-listed betting company, has sold its US division to Fanatics, the sports merch company backed by Jay Z.  Parcel businesses are vying to get a slice of Australia Post’s infrastructure, including their boxes and lockers, to improve their own delivery services. Tesla has recalled every car that it’s sold in China, all 1.1 million of them, because of a braking and acceleration defec...

Tasmania was officially granted an AFL licence a couple of weeks ago.. But the biggest sticking point is still their full name.. Which is a point of major trademark contention.  Disney has seen a 2% drop in its total streaming subscriber base for the quarter and they’re pointing the finger at one of its very own platforms.  Adidas is looking to sell some stock from its discontinued Yeezy partnersh...

PwC Australia is in damage control after its CEO and two other executives stood down after a major government tax leak. The share price of Google’s parent company Alphabet jumped by A$82 billion overnight after a single announcement, which repeated the same word over… and over.. And over. The US government is getting closer to default-day as it starts inching towards its debt ceiling..  — Build th...

Jenny Craig has been forced to shut down in the US and Canada and has now appointed voluntary administrators in Australia too. CBA has just announced that they will be shelving their mortgage cashback offers and waving their white flag in the mortgage wars. Amazon is introducing a new service called Amazon Everywhere that allows users to purchase physical items in games and apps. — Build the finan...

We've trawled through the 900+ pages of the Federal Budget to give you a highlights package. Hear about all the winners and losers and our thoughts about the Federal Budget for 2023. We cover all things: Cost of living packages Medicare incentives Big investments in the hydrogen economy — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app...

The owners of 7-Eleven Australia have put the brand up for sale and the future of 7-Eleven could look a whole lot different. Atlassian’s shares have tumbled over 10% in after-hours trading after Atlassian warned of slowing growth for the upcoming quarter. Vice, the youth media outlet is preparing to file for bankruptcy after years of declining profit. — Build the financial wellbeing of your team w...

Google and Facebook made $8.3 billion in digital advertising in Australia in 2022, but only paid a teeny tiny portion of that in tax thanks to some crafty accounting. NAB’s share price dropped nearly 8% despite a record earnings over $4 billion for the six months to March because investors had a few concerns. Airbnb goes back to its roots to accommodate shrinking budgets with Airbnb Rooms, their n...

Boozebud, the Australian online bottle shop has collapsed after it had insufficient funds to continue operating the business. Uber has announced a major jump in revenue largely thanks to its ride-hailing and delivery businesses. PepsiCo is launching a new no-sugar sparkling water, Bubly, in Australia despite a tightening economy as its sales keep on, keeping on. — Build the financial wellbeing of...

Seven West Media is in a world of pain as the free-to-air ad market continues to tumble quarter on quarter. Mercedes-Benz has turned to its Formula One team for help in building more efficient mass-market electric vehicles. Bluesky, the Jack Dorsey-backed Twitter alternative, has seen demand far exceed its limited invite-system - leading to high prices for exclusive invites. — Build the financial...

Canva is looking likely to delay its annual employee share sale until the tech industry rebounds. US regulators have taken control of First Republic Bank and then sold it to JP Morgan, one of its biggest competitors, in one of the biggest bank collapses in US history. Amazon shares rose more than 10 per cent after its quarterly report smashed sales projections… but then dropped into negative terri...

Coles has put its Coles Radio account up for tender as it attempts to increase revenues from the lucrative $1 billion retail media advertising sector. Providoor, the online marketplace for high-end restaurants, has shut down and entered liquidation . Aussie retailer Best & Less has received a takeover bid from two retail leaders with an offer less than its current share price. — Build the fina...

A big loophole in Australia’s online gambling industry is about to finally be closed. Microsoft’s $69B USD takeover of Activision is in trouble after UK regulators blocked this potentially monumental gaming deal. American coffee-maker, Moccona, is suing Aussie coffee-maker Vittoria over the use of a glass jar.  — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwo...

Kirin, the Japanese beer behemoth has made a $1.9 billion takeover bid for Blackmores, Australia's largest vitamins group. Meta’s shares have popped 12% after they saw an unexpected increase in sales for the first quarter. Coca Cola is leveraging AI to boost their business operations and stay ahead of competition. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxa...

The former head of the Australian Competition and Consumer Commission reckons that AI companies should be paying for news content from Australian publishers. Google’s parent, Alphabet, saw its revenue beat expectations thanks to Google Ads, Youtube Ads and Google Cloud. PepsiCo has kicked off 2023 with a big fizz after its first quarter beat all expectations thanks to major growth in the Indian ma...

Swisse vitamins’ had a very strong quarter of sales after using social media comedians, the Inspired Unemployed, to help boost their new products. BuzzFeed is shutting down its news division and cutting another 15% of staff after a tough 12 months for digital news publishers. IKEA is planning a global expansion with a plan to spend $2 billion to expand in the US, which is its biggest investment in...

The CEO of $US1.3 billion Aussie startup Linktree has said Linktree is not dead in the water after Instagram copied its most popular feature. Michael Hill, the Aussie jewellery retailer , has acquired its rival Bevilles for $45 million. Netflix has announced some underwhelming quarterly results after its growth slowed.. But it’ll still be cracking down on its password-sharing… shortly. — Build the...

The Reserve Bank of Australia is looking likely to receive a big change with two boards instead of one in a maaaajor overhaul by the Treasurer. Silk Laser, the skin and laser clinic, is in talks with Wesfarmers’ API for a $169 million takeover bid. Apple has opened its first Apple store in India as it pushes hard to find a new bestie and push production away from China. — Build the financial wellb...

Rugby Australia is looking for raise $250m from private equity firms globally after seeing the success of New Zealand Rugby. Samsung is considering replacing Google Search with Microsoft’s Bing as the default search engine on its devices. Online retail marketplace, Temu, has set its eyes on launching in Australia after being the most downloaded app in the US. — Build the financial wellbeing of you...

Sega has acquired the maker of Angry Birds for $776 million USD to grow its presence in the mobile gaming market. Scams are now costing Australians more than $3 billion a year - but the real figure is likely much much higher. Apple has introduced a high-interest savings account to push deeper into financial services. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fl...

Coles, Harvey Norman and Myer credit card customers have had their private data exposed in Latitude Financial’s recent cyberattack. Netflix, Paramount and Amazon may be required to spend up to 20% of their Australian revenue on new Australian programs. Disney’s latest animated release, Strange World, has lost the studio almost $300 million USD because families prefer to watch on Disney+. — Build t...

Coles and Uber Eats have announced their very own one-hour grocery delivery service - days after the collapse of MilkRun. Twitter is launching a new way for users to charge for access to their content - to keep creators happy and let them add another revenue stream.  Aussie fashion start-up, AirRobe, is launching a new program with the aim of making selling second-hand clothes a little easier — Bu...

The Australian Tax Office has found a new way to get people to complete tax returns… and it’s all in the words. Amazon will remove free returns for some of its online purchases as part of its plan to disincentivise customer returns. LVMH, the world’s biggest luxury company has reported a 17% rise in their quarter one sales - absolutely smashing expectations. — Build the financial wellbeing of your...