What the Flux

Lithium shares have been through a massive sell-off on the ASX, after a report came out saying road transport ain’t on track for carbon neutrality by 2050.   An ex-employee of NFT platform OpenSea has been arrested and charged with insider trading of NFTs - and this is the very first charge of insider trading for NFTs.   Canva investor Franklin Templeton has once again cut the valu...

Australia’s energy regulator has been forced to cap gas markets in some major Aussie cities after the wholesale price of gas soared 80 times the normal level.   TikTok is testing a new feature that’ll allow for a “distraction-free” scrolling experience on the app.   Missguided, the fast fashion brand, has collapsed into administration after failing to repay suppli...

EY is looking at spinning off its audit business into a completely different company.   Humm, the buy now pay later company, has told its shareholders that its consumer finance arm ain’t profitable…as it tries to get shareholders to approve its sale to Latitude Financial.   Samsung is reportedly cutting its smartphone production by 30 million - and Apple is too by 20 million...

NAB is launching a BNPL product this July, with a view to engage customers rather than bring home the bacon.   The NSW Government is reportedly looking at rescue packages for one of Australia’s biggest building companies - Metricon - as well as the construction industry as a whole.   Online gaming platform Roblox has partnered with a video game that functions as a treatment for ADH...

NBN Co, the company behind the NBN, reckons it is at risk of being an unsustainable business - thanks to competition from new players… including Elon Musk’s Starlink.   Glencore, the world’s biggest mining company, has admitted to bribery and market manipulation (over 11 years), and will pay $2.1 billion to settle the case.   Skincare brand Glossier is waving goodbye t...

Australia’s first carbon credits ETF is set to hit the ASX… and it could have a major effect on carbon credit prices.   Zoom, the WFH sensation, has delivered better-than-expected first quarter earnings… and its shares spiked 16% - because growth in a post covid world ain’t easy for old Zoomy.   The company that pioneered the instant grocery delivery space, Gori...

Qantas’ Loyalty business has made its biggest acquisition EVER by acquiring a majority stake in TripADeal, an online travel booking company.   Snap Inc, the owner of Snapchat, has had an internal memo leaked which said it will miss its revenue goals for this quarter… and its share price has been smashed.   Meta Australia, the owner of Facebook, paid just $24 million in tax f...

Anthony Albo Albanese and his Labour Party won the 2022 Federal election on Saturday night - and there are plenty of companies who look set to become winners under his policies... and there are some losers too.   WhatsApp, the messaging platform owned by Meta, has launched a new service that will give businesses a new way to use WhatsApp - with a plan to open up a new revenue stream.   K...

Woolworths has offered to buy 80% of e-commerce company MyDeal.com.au for a huge $243 million as they plan to ramp up their marketplace offering.   Tesla has been dumped from the US sustainability index, the S&P 500 ESG, because of claims of racial discrimination and crashes with its autopilot vehicles.   The US Soccer Federation has become the first governing body in soccer to pay i...

Treasury Wine Estates, the Aussie winemaker, is planning to side-step China’s expensive wine tariffs by making its famous Penfolds within China itself.   Berkshire Hathaway, the US conglomerate headed up by investing legend Warren Buffett, is on a spending spree while everyone else is panicking.   A massive Melbourne pub has been sold for $85 million - but interestingly, one of the...

Wesfarmers, the owner of Kmart, Bunnings and Officeworks, has relaunched its customer membership program - with a new twist.   CommBank is trying to compete with other banks and fintechs by launching a digital-only home loan that aims to approve home loans in 10 minutes.   Block, the company formerly known as Square, is rolling out Afterpay to its in-store customers - that’s everyo...

StepOne, the Aussie underwear brand, has seen its shares crash by almost 60% after the company downgraded its sales targets.   McDonald’s has officially pulled every Ronald McDonald, Hamburgler and Grimace from Russia and is selling off its 850 restaurants.   Elon Musk has put his plans to buy Twitter on a “temporary hold” while he investigates the platform’s spam...

Better beer, a zero-carb beer brand backed by influencers/comedians The Inspired Unemployed has become one of the fastest growing beer brands Australia’s ever seen!   Apple’s stock has taken an 8% hit, wiping out hundreds of billions in value as the tech industry continues its downward spiral.   First home buyers have been promised access to a ‘responsible amount’...

Woolies and Coles are clinking glasses after they topped the list of the most-trustworthy Aussie brands, as retail sales experience a significant boom. And, cop that big 4 banks.   Airbnb has introduced a tonne of new changes to its platforms to keep up with changing consumer behaviours.   Xero, the cloud accounting firm, has seen its revenue grow 29% to hit NZ$1 billion… which so...

Swisse vitamins has seen its sales surge by 29% in Australia, thanks to a renewed focus on selling through supermarket chains and community pharmacies.   Electronic Arts - ie the crew behind EA Games - is planning on launching three blockbuster mobile games later this year… and it’s clearly all about mobile and NOT PS20 or Xbox.   Disney+ has kept up its subscriber growth mo...

Woolies is going to let customers pay with QR codes, as it tries to turn up the heat against card giants like Mastercard and Visa.   Instagram will begin testing NFTs user profiles this week, so that you can now have your Bored Ape in your profile picture (but not everyone in the decentralised world of Web3 is happy about Zuck coming in).   UST, one of the largest crypto stablecoins, has...

28 by Sam Wood, the fitness app, has been acquired by Aussie genomics company myDNA in a $50 million USD deal.   Woolworths, the South African one (not to be mistaken for the Woolies we know and love) is reportedly looking to flog David Jones… and is getting serious about it with investors.   Grindr, the LGBTQ dating app, is planning to go public, making it the third dating giant...

TPG Telecom, the third largest telco in Australia, has sold its entire footprint of mobile towers and rooftop infrastructure for nearly $1 billion.   Gucci, the luxury brand, will start accepting payments in cryptocurrencies in some of its stores in the US to drive sales.. and be in with the cool crowd?   Shell, Europe’s largest energy company, has reported a record US$9.1 billion...

One of Australia’s hottest on-demand grocery players Send has collapsed after burning serious cash to keep up with competitors.   Tech companies like Facebook and Cameo are calling hiring freezes and layoffs as the tech industry starts to experiences a bit of a downturn.   France’s largest supermarket chain is putting popular products under a “price shield” as inf...

Qantas is opening its coffers to buy a company named Alliance Aviation for around $614m, and it’s all part of Quanny’s plan to bolster its regional link offerings.   NAB is popping the champagne after announcing its earnings are up more than 4%, with the fastest growth in business lending since the 2008 GFC!   The US Federal Reserve, which is the American version of our RBA,...

Mr Yum, the digital menu and payments company, has acquired Aussie marketing software platform MyGuestList for ‘tens of millions’.   Online furniture store Temple & Webster is taking on Bunnings with a new DIY-focused online shop where it will be selling home improvement products.   Wordle! - but not the one we all know and love - has been bought by a mobile marketing fir...

The Reserve Bank of Australia has increased the official cash rate by 0.25% to 0.35%.   The co-founder of Atlassian, Mike Cannon-Brookes, ain’t finished with AGL. In fact, he’s just bought an 11.3% stake in the company with the plan to vote against its upcoming demerger.   Woolworths has recorded an almost 10% jump in sales, and in a big move, the Woolies boss has called for...

Qantas reckons it’ll return to profitability next financial year - and it’s also snapped up a few Airbuses for new extra extra-long haul flights.   Apple has announced one of its best quarters in its 46-year history, despite supply chain issues and booming inflation.   Robinhood, the US online trading platform, has reported worse-than-expected losses and shrinking revenue for...

CommBank says it’ll offer cheaper home loans to customers who build green homes in a big push to appeal to younger Australians.   Renault, the French car maker, is looking to flog its majority stake in Russia’s biggest car maker to the Russian government for 1 teeny tiny rouble.   Twitter is in damage control after advertisers raised concerns that Elon Musk’s focus on f...

Coles says consumers can expect prices to keep rising due to inflation, after it reported a sales jump of around 4% for the first 3 months of the year.   Pushpay, a major “Church-technology” company, has reportedly received quite a few acquisition offers - sending its shares soaring 24%.   Heinz has created a new product called Dip & Crunch after receiving some major insp...