What the Flux

Myer has warned that its second half is off to a bit of a wonky start… and its $900 million acquisition ain’t delivering the goods Kmart’s new boss wants to double its sales to $20 billion and she’s betting big on beauty, younger shoppers and Anko to get there OpenAI just spent $6.5 billion USD on a startup with no product AND no revenue… but everyone’s excite...

Westpac’s new CEO is cutting 5% of its workforce to reduce costs after disappointing investors with first half year results.  Mayne Pharma shares tumbled 40% after its potential buyer has threatened to walk away its $672 million takeover bid. Bitcoin hit an all-time high yesterday after breaking through the $110,000 USD barrier - and it’s now worth more than Amazon and Google. _ L...

The RBA has cut the cash rate by 0.25% to 3.85%, but warns that Trump’s tantrums could still shake the Aussie economy Monash IVF has warned of an ugly update to its profit guidance after an embryo mix up caused share prices to fall 34% Netflix has signed a deal with Sesame Workshop to make Netflix the new streaming home of Sesame Street. _ Learn more about iShares by BlackRock here Download...

Xero’s full-year profit has jumped 30% as it grows its user base…but uses a simple method to grow revenue - jack up its pricing. Burberry, one of the world’s biggest luxury brands, is planning to cut one fifth of its global workforce after a £75 million loss. Warner Bros Discovery is backtracking on ‘Max’ branding for its streaming service…with HBO back...

CommBank has seen its cash profit jump to over $2.6 billion for the quarter as it pushes hard into business banking. eToro, the stock broking platform, has popped more than 40% on its sharemarket debut after investors were scrambling to get a slice. Airbnb now wants to book your personal trainer, spa day and celeb experience — not just your holiday home _ Download the free app (App Store):&n...

Woolworths plans to go through a major “reset” by cutting grocery prices to regain its declining market share. Life360, the family tracking app, has seen its shares jump more than 13%... after its paid subscriptions skyrocketed. Fox Corp is launching its own streaming service, called Fox One, but it doesn’t want to kill its pay-TV in the process. _ Download the free app (App Stor...

Domain, the Aussie real estate site, will be sold to US real estate giant CoStar in a deal worth $2.8 billion deal after Domain’s majority shareholder gave the thumbs up. Disney has reported a magical quarterly earnings update as its parks and streaming divisions pull a rabbit out of the hat. NewsCorp outperforms investor expectations as it relies more and more on its digital brands for grow...

JB Hi-Fi has seen its sales growth slow but its tech-hungry shoppers are still helping it grow and grow Tabcorp has seen its share price bounce 10% as it makes a big bet on live in-play sports betting Google has seen its market value fall by more than $170 billion USD after its exclusivity as Safari’s search engine is under threat _ Download the free app (App Store):  http://bit.ly/Flux...

Westpac has seen a dip in its first half profits but its new CEO is ramping up... instead of squeezing costs. Shell is considering a whopping takeover of its rival BP and this could become one of the biggest oil mergers ever. Netflix made $1.3 billion in Australia last year and no surprises here - they sent 93% of it overseas. _ Download the free app (App Store):  http://bit.ly/FluxAppStorel...

Atlassian has seen its market cap fall by more than $15 billion, despite seeing a boost in sales McDonald’s has served up another drop in sales as low and middle-income diners have been squeezing every penny Amazon has beaten its earnings expectations, but tariffs and trade drama were the unwanted guest crashing the investor update _ Learn more about iShares by BlackRock here Download the fr...

Coles is winning the supermarket war as its private label brands and online sales drive its revenue. Pet Circle, one of Australia’s largest online pet stores, has seen its sales jump to nearly $400m… but it’s burning cash to get there. Visa has announced it’s teaming up with OpenAI and Microsoft’s Copilot to let AI run your payments. _ Learn more about iShares by Bla...

Flight Centre has cut its profit forecasts by more than $100 million as many people start to fear about US travel. Aussies are feeling the pinch with their streaming subscriptions… but rather than cancel, they’re just downgrading to ads. Facebook's Aussie revenue has jumped to $1.46 billion, butthe Australian Tax Office will likely see none of it! _ Learn more about iShares by BlackRo...

Cettire, the luxury fashion marketplace has suffered its first loss in 3 years after it geot squeezed left, right and centre Tesla has seen its profits plummet 71%... but its share price still jumped more than 5% OpenAI, the owner of ChatGPT wants to buy Google’s Chrome… if Google is forced by the courts to sell it _ Learn more about iShares by BlackRock here Download the free app (Ap...

Shein, the fast-fashion retailer has seen its revenue jump to over $1.2 billion in Australia as it speeds past Accent Group. A US Judge has found that Google illegally maintained a monopoly in online adtech— and the consequences could shake up the entire ad industry. ARN Media is facing another scandal after it admits to using an AI-generated personality as one of its daytime radio hosts. _...

Bunnings expands into auto parts as it looks to tap into the $1.5 billion car market… after stepping out of the car market over 2 decades ago. Prada has made the big acquisition of its Italian luxury competitor Versace for $1.38 billion USD. Apple has dodged the tariff-bullet as Donald Trump announces a tariff exemption on consumer electronic goods made in China. _ Download the free app (Ap...

Virgin Australia has admitted to overcharging 61,000 customers… just as it prepares for an ASX comeback Donald Trump has put a 90 day pause on his mega-tariffs and it’s largely because the bond market threw a tantrum Canva has dropped one of its biggest product updates ever to compete head on with Microsoft’s Office Suite  _ Download the free app (App Store): http://bit.ly/...

Storage King, the ASX listed self-storage operator, is fielding a multi-billion takeover offer because its majority owner isn’t happy with its progress. Rugby Australia has locked in a new major broadcast deal with Nine — and if they pull off some wins, it could mean even more cash for the Wallabies. Warren Buffett was hoarding cash in 2024 while everyone else was riding the bull marke...

Australia’s largest superfunds were hit in a co-ordinated cyberattack with thousands of accounts hacked into… and now the regulators want answers! Star Entertainment lives to gamble another day after receiving $300 million in survival funds… but it will lose control of the company’s management in exchange Donald Trump has extended TikTok’s deadline (again) for findi...

The owner of KFC Stores in Australia, Collins Foods, has seen its shares drop nearly 3% as Trump’s tariff might result in more beef-eaters in Australia. Nike has seen its share price plummet after Donald Trump’s new tariff on Vietnamese imports. Apple has become one of the biggest losers of the global tariffs with its largest one-day valuation wipeout on record. _ Download the free app...

The share price of Zip Co has fallen more than 6% after it lost a court case over its own name Google has teamed up with Roblox to launch new video ads to give traditional marketers a new way to reach Gen Z Estee Lauder faces a lawsuit from investors for allegedly hiding their reliance on ‘gray market’ sales in China  _ Download the free app (App Store): http://bit.ly/FluxAppStore...

The Reserve Bank of Australia has paused the cash rate at 4.10% because it doesn’t want to make any moves before Trump’s tariffs. Woolworths slashed the price of its groceries last month to close the gap on Aldi and deflect attention from ASIC and the election campaign. OpenAI has announced it closed the largest round of capital ever raised by a private tech company - pocketing a tasty...

Domain has received a "best and final" acquisition offer from digital property giant CoStar.. And now the decision is in the hands of its major shareholder Elon Musk’s AI firm, xAI, has acquired his own social media platform X in a $33 billion USD deal Virgin Australia is kicking off its IPO roadshow this week as it looks likely to list on the ASX in 2025 _ Download the free app (App Store):...

The Reject Shop has seen its share price skyrocket 110% after an acquisition offer from Canadian retail giant Dollarama. Jeanswest, the Australian clothing retailer, has entered administration with 90 stores to close and hundreds of jobs lost. AustralianSuper has sold its entire stake in tech giant WiseTech Global after serious concerns over the founder and Board’s conduct. _ Download the fr...

The Labor government dropped their 2025 budget last night…with some big investments and even bigger deficits… if they get re-elected  23andMe, the genetic testing company, has filed for bankruptcy in the US as it tries to sell its assets.. Including its highly confidential customer gene data James Hardie, the ASX-listed global building materials company, has seen its share price...

The ACCC has warned that Coles and Woolworths will not be broken up… But they will face a whole lot more scrutiny. Nike has seen its revenue fall by 9% in the last quarter and warned investors that there’s more pain to come. Apple TV+ is reportedly losing over $1 billion a year even after cutting back on its content spending and winning big at awards shows. _ Download the free app (Ap...