What the Flux

Today, we’re having a slice of the recent (and rapid) growth of the Aussie pub industry. What a ride!   ---   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 free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http...

2022 was major year for this space. Today, we’re looking at some of the biggest crypto stories from 2022.   ---   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 free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram:...

How the mighty have fallen. Today, we’re looking at some of the biggest crypto stories from 2022.   ---   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 free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://b...

Despite uncertainty across the world, financial services has remained pretty stable in 2022. Today, we’re looking at some of the biggest finance stories for 2022.   ---   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 free app (Google Play): http://bit.ly/FluxappGooglePlay Daily news...

It was a weird and wonderful year for the media industry in 2022.  Today, we’re looking at some of the biggest media stories for 2022.   ---   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 free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxn...

Flux fam, we are back with another WTF recap episode! Before we return to our daily bite sized business news, this week it is all about the best stories from 2022. Today, we’re looking at some of the biggest startups stories from 2022.   ---   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 Downlo...

Flux fam, we are back with another WTF recap episode! Before we return to our daily bite sized business news, this week it is all about the best stories from 2022. Today, we’re looking at some of the biggest retail stories from 2022.   ---   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...

Flux fam, we are back with another WTF recap episode! Before we return to our daily bite sized business news, this week it is all about the best stories from 2022. Today, we’re looking at some of the biggest tech stories from 2022.   ---   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 t...

Flux fam, we are back with another Flux recap episode! Before we return to our daily bite sized business news, this week it is all about the best stories from 2022. Today, we’re looking at some of the biggest Aussie stories for 2022.   ---   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...

Flux fam, we are back with another WTF recap series! Before we return to our daily bite sized business news, this week it is all about the best stories from 2022. Today, we’re looking at some of the biggest mergers and acquisitions that took place in 2022.   ---   Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.l...

The $1.5b merger between Superhero and Swyftx is officially dead in the water.   Nike has reported its best quarterly revenue growth in over a decade - barring one quarter - and handily beat profit expectations.   City Chic, the speciality women’s fashion retailer, has seen its share price drop almost 30% over the last few days to wrap up the year after poor results.   ---   Build the financial we...

Domain Group, the digital property platform, has warned of a 21% hit to its profit and it’s pointing the finger at Sydney and Melbourne specifically.   BWX, the owner of several skin care brands including Zoe Foster Blake’s Go-To business, saw its shares drop over 50% this week after some ugly results.   The ‘dark patterns’ in gaming sensation Fortnite have led to the largest FTC penalties of all...

David Jones has been sold to private equity investor Anchorage Capital Partners.   Twitter has announced it will ban links to other social media services and suspend accounts that try to link users to other platforms.   Future Fund, Australia’s sovereign wealth fund, is looking to change its investment style to get into riskier asset classes.   ---   Build the financial wellbeing of your team with...

The corporate regulator has sued a company owned by of comparison site Finder, which offered a crypto product in its app.   The Bank of England (BoE) and the European Central Bank (ECB) increased interest rates last week by less than the world was expecting, in what could be the start of some good inflation news.   For the first time in over ten years, the mobile games market shrunk in size this y...

The administrator of Deliveroo Australia has revealed it never turned a material profit in Australia, and it accumulated losses of more than $120 million this year.   Amcal owner Sigma Healthcare is keen to ramp up competition against big dog rivals Priceline and Chemist Warehouse - with a revamp of Sigma’s very own chemist chains.   Binance Australia has been fined more than $2 million for sendin...

Woolworths has sold more than $600m worth of its shares in the company that owns Dan Murphy’s as it gears up for a new potential investment.   Apple is reportedly planning to allow alternative app stores on its iPhones and iPads in the European Union after new laws were put in place.   Binance, the largest crypto exchange in the world, has been hit with a major outflow of funds after customers con...

Tyro, the 5th largest provider of eftpos services in Australia, has rejected two bids from two separate potential buyers... and some investors were a little bewildered.   US tech company Microsoft has just agreed to buy 4% of the London Stock Exchange Group in a $2.8 billion USD deal.   Getir, the European instant grocery delivery app, has acquired its competitor Gorillas for $1.2 billion USD, as...

Australia’s Treasurer Jim Chalmers is looking at imposing additional penalties for corporate "greenwashing" because companies aren’t entirely honest with it.   Brad Pitt has sold the majority of his production studio Plan B Entertainment to Mediawan for a whopping amount.   Twitter will soon release controls that let companies prevent their ads from appearing next to tweets containing certain keyw...

Wesfarmers has locked in a new partnership with Disney, which will see Disney+ included in Wesfarmers’ OnePass loyalty program.   Oil giant Exxon has raised its annual share buyback to $75B (AU), just weeks after it posted its highest profit in its 152-year history.   Consumers are getting ready to say bye bye to jewellery and luxury goods spending, according to management consulting giant McKinse...

Australian billionaire Andrew Forrest has finalised the biggest acquisition in the history of Australia’s clean energy industry… by buying a company for more than $4 billion.   China is scrapping some significant covid restrictions, as the economic impact of its lockdowns start to really hurt its own economy.   Loving Earth, the Aussie plant-based chocolate maker, has raised money from its own cus...

Uber Australia will pay a $21 million fine after it admitted that its estimated fares were incorrect and it misled its customers with possible cancellations.   NAB has seen demand rocket for electric vehicles loans and solar panels loans as the enormous energy costs start to hurt consumers and businesses.   The US and New Zealand are the latest countries to consider introducing a law that will req...

Domestic airfares have reached a 15-year high… and so, the big, bad bustling ACCC has put Aussie airlines on notice.   A new AI chatbot called ChatGPT has been created released, and some believe it could put us all out of a job pretty soon.   Australia is in the midst of a champagne shortage after an explosion in demand during COVID lockdowns and reduced supply.   ---   Test your financial literac...

NBN Co, the government-owned company behind our NBN internet, will write off at least $31 billion that will allow it to cut wholesale internet prices in the future.   Maccas reckons it has the formula for the future of drive thru and it has just gone live with its first real-world experiment.   Netflix Is expanding Its ‘Preview Club’ to let more people watch upcoming shows and movies early.   ---...

Telstra is putting the launch of its new retail energy business on hold until at least the middle of 2023.   Airbnb is partnering with landlords and renters to boost the supply of available Airbnb apartments.   CommBank is coming out swinging and is taking on both payment companies and big banks with its brand spankin' new payment product.   ---   Build the financial wellbeing of your team with Fl...

Domino’s Pizza Enterprises, the company behind Domino’s Pizza in Aus, is raising up to $165m to take full ownership over its pizza business... in Germany!   Doordash has laid off 1,250 staff - including Australian employees - as another big food delivery company feels the burn.   Spotify has released its Wrapped campaign for 2022 and it’s got the internet wagging its fingers… posting left, right a...