What the Flux

Infant formula company Bubs is expanding into kids vitamins and has signed up Jennifer Hawkins as brand ambassador. Hasbro’s movie-toys division had a 35% drop in sales as movies releases continue to be delayed. The price of gold hit its highest point since 2011 as investors try to protect themselves from volatile share markets. --- Start your money journey: https://www.flux.finance/ Instagram: ht...

Coles is launching another promotion aimed at kids, hoping to replicate the success of its Little Shop collectables campaigns. Afterpay rival Klarna has hit 250,000 Australian users and is using its partnership with Commbank to keep growing. Uber has signed a 4-year partnership with Google Maps so that Uber can run on Google Maps globally. --- Start your money journey: https://www.flux.finance/ In...

Gambling giant Tabcorp has announced the departures of both its CEO and chairman as competitors gain marketshare. Taylor Swift’s record label Universal has partnered with Spotify to test a new, potentially lucrative revenue stream for Spotify. The releases of several high profile Hollywood movies have been delayed as COVID continues to impact cinemas globally. --- Start your money journey: https:/...

Australia’s budget has blown out to its biggest deficit since 1945. TikTok is planning to add 10,000 jobs in the US while the Trump administration considers banning it. Microsoft doing well while LinkedIn is cutting 960 jobs as the pandemic puts the brakes on corporate hiring and advertising. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group:...

Bauer Media Australia is shutting down 8 magazines including OK!, Men’s Health and Harper’s Bazaar. Snap and meditation app Headspace have launched a new partnership focused on mini meditations. Uber competitor Ola says ride sharing is almost back to pre-COVID levels in WA, QLD & SA (but not in VIC & NSW). --- Start your money journey: https://www.flux.finance/ --- The content in this podc...

The government is extending JobKeeper for six months and is splitting it into two tiers. Shares in retailer Gap fell 6% after Kanye West threatened to walk away from his Yeezy brand’s collab deal with Gap. Twitter suffered a major hack last week with many celebrities promoting a bitcoin scam. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group:...

The big banks are concerned the new ‘open banking’ regime will allow global tech giants to access customer bank data easily. The Federal Court has ruled that Kogan misled customers on a promotion by increasing prices just before offering discounts. Zoom is entering the hardware space with its new video chat monitor, Zoom for Home. --- Start your money journey: https://www.flux.finance/ Instagram:...

Lorna Jane is being forced to rebrand a new clothing line because it was being promoted as “anti-virus” activewear. Telstra is attracting negative attention after announcing price increases during COVID. Netflix shares dropped 12% when the company announced earnings were lower than expected during the lockdown months of April to June. --- Start your money journey: https://www.flux.finance/ Instagr...

Advertising revenue for radio stations in Australia dropped over 45% between April and June this year. The founder of Alibaba, named Jack Ma, is cashing out billions of dollars in Alibaba shares. Australia's foreign debt reached a 21-year low in the March quarter of this year. --- Start your money journey: https://www.flux.finance/ TikTok: https://www.tiktok.com/@flux.finance Instagram: http://bit...

Afterpay has established partnerships with Apple Pay and Google Pay that will allow Afterpay payments to be made through smartphones. Fast growing oat milk brand Oatly has raised a whopping $285 million. The British Government has banned Chinese technology giant Huawei from its 5G network. --- Start your money journey: https://www.flux.finance/ TikTok: https://www.tiktok.com/@flux.finance Instagra...

Virgin Australia’s prospective new owner, Bain, injected $125 million into Virgin to make sure it survived. JobKeeper 2.0 has been announced for beyond September but the Treasurer has a warning for businesses. PepsiCo has embraced the recent trend of companies not telling investors how they expect to perform in the future. --- Start your money journey: https://www.flux.finance/ Instagram: http://b...

Network Ten, the owner of Channel 10, is launching a new kids channel to generate more advertising revenue. Google’s $3 billion acquisition of Fitbit is set to be approved or rejected by regulators this week. Despite raising $2.5 billion from investors, new streaming company Quibi has reportedly lost 90% of its users after their free trials expired. --- TikTok: https://www.tiktok.com/@flux.finance...

TikTok could soon be making big changes as it faces criticism from politicians over links to the Chinese government. Twitter may be launching a paid, subscription-based version of Twitter. American Express is launching its own version of 'buy now, pay later' to compete with Afterpay in Australia. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook gr...

Shares in Freedom Foods will remain suspended until the end of October as the company investigates possible accounting issues. Woolworths now has more than double the market share of Coles in the online grocery market. Treasury Wine Estates, the owner of Penfolds and Wolf Blass, is predicting profits to be 20% lower than last year. --- Start your money journey: https://www.flux.finance/ --- The co...

Australian banks are extending repayment holidays for borrowers by another four months. Uber is acquiring another food delivery giant, Postmates, for around $3.8 billion. More than 2.4 million Australians have been approved to access their super early as part of the government’s early access scheme. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook...

The Reject Shop could be worth $3 billion over the next decade, as cost-conscious consumers embrace discount retailers, according to Morgan Stanley. Celebrity chef Neil Perry has abruptly retired from the company he founded - Rockpool Dining Group. Allbirds, the New Zealand-American company that designs environmental friendly footwear, is expanding into apparel. --- Start your money journey: https...

Afterpay and Qantas have partnered on frequent flyer rewards points. Tesla has replaced Toyota as the world’s most valuable car company and is now worth more than Disney and Coca-Cola. Online video gaming platform Twitch has beaten its own record with 5 billion hours watched in the last 3 months. --- Start your money journey: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook gr...

Webjet is raising $163 million to pay down loans and potentially buy other companies. Facebook is shutting down its Pinterest clone Hobbi and its TikTok clone Lasso after failing to gain traction with both. Athleisure brand Lululemon has spent over AU$700M to buy Mirror, a home fitness tech company. --- Start your money journey: https://www.flux.finance/ --- The content in this podcast reflects th...

Woolworths has been fined over $1 million for spamming customers after they had unsubscribed from promotional messages. Temple & Webster, the online homewares retailer, has raised $40 million following a major jump in sales during lockdown. Oil companies are facing their biggest challenges in decades as demand for oil remains low, and the focus on eco-friendly energy accelerates. --- Start you...

Australia’s largest pharmacy chain, Chemist Warehouse, has seen sales drop but profits increase as a result of COVID lockdowns. Shares in the owner of KFC Australia jumped over 18% due to strong performance during lockdown thanks to online orders. The New York Times has ended its partnership with Apple News, opting to build direct relationships with readers instead. --- Instagram: http://bit.ly/fl...

Seafolly is seeking a new owner after falling into voluntary administration, becoming COVID’s latest fashion victim. The value of Facebook dropped $90 billion this week, as advertisers continued to boycott the company by pausing ad spending. Australian airline Regional Express (Rex) is planning to raise $30 million and buy new planes to take on Qantas and Virgin. --- Check your credit health: http...

Upmarket Australian stationary retailer Kikki. K is being sold to a US-based company to keep Kikki. K alive. Amazon has acquired Australian-founded self driving car startup Zoox for $1.7 billion. TikTok has launched its ad platform TikTok For Business for brand marketers and advertisers. --- Check your credit health: https://www.flux.finance/ Instagram: http://bit.ly/fluxinsta Facebook group: http...

Virgin Australia has been sold to investment company Bain Capital after the other company in the bidding process, Cyrus, dramatically pulled its bid. For the first time, Google has agreed to pay for news content, after locking in agreements with Australian publishers. Vodafone and TPG have finalised their $15 billion merger, meaning Australians can expect more competitive broadband and mobile phon...

Qantas is cutting 20% of its workforce, 6000 workers, as part of its COVID recovery plan. Amazon is launching a $2 billion investment fund to invest in climate technologies across transportation, storage and food. Apple iPhones will get an all new look in 2020 as Apple unveils a radical shake-up for the iPhone. --- Check your credit health: https://www.flux.finance/ Instagram: http://bit.ly/fluxin...

Nestle is changing the names of Australian lollies Red Skins and Chicos, following global anti-racism protests. Supermarket chain Woolworths will spend $780 million on automated, hi-tech warehouses, which will result in 1,350 lost jobs. Australia is 1 of just 10 countries to retain its perfect ‘AAA’ credit rating despite the coronavirus and global recession. --- Check your credit health: https://w...