What the Flux

Wesfarmers has announced it will be closing its e-commerce marketplace Catch after struggling with competition from Temu and Amazon Donald Trump and his wife Melania both launched crypto coins just before his inauguration - which now forms the majority of their wealth Sportsbet, the online gambling behemoth, is facing a class action after betters have lost millions of dollars on in-game bets _ Dow...

Myer’s share price dropped by more than 18% last week after it warned of a major decline in its earnings for the first 5 months of FY25. Rokt, the Australian e-commerce / the company, has seen its valuation jump to $5.6 billion after its latest capital raise - with its staff making millions! Wendy’s, the US burger behemoth, is flipping its way back Australia with plans to open hundreds...

Qantas has agreed to pay $120 million in compensation to 1,800 former ground handlers who were illegally sacked Australia’s big four banks have reduced their lending to fossil fuel companies by over 20% in two years after pressure from climate activists Honda and Nissan have confirmed they are in talks for a mega-merger which could radically change the car market _ Download the free app (App...

ASIC is suing HSBC, the global banking giant, after it alleged that HSBC Australia failed to protect its customers from long-running scams Premier Investments, the owner of Peter Alexander and Smiggle, recently launched its retailers in the UK - but is struggling to hit the mark so far TikTok has gone to the US Supreme Court to appeal its potential ban in the US, which is planned to take place on...

AMP has become the first major superannuation fund to invest in cryptocurrency after investing $27 million into Bitcoin on behalf of its members Adobe has seen its share price plummet after concerns that its AI tools aren’t being monetised as fast as expected Foxtel is looking more and more likely to be sold soon as Execs from a British sports platform meet with the Foxtel team _ Download th...

Meta and Google will be punished by the Australian Government if they choose not to agree to new content deals with media publishers. Coffee prices have been driven to a record high after a dry spell in Brazil.. And it’s likely to spike up the price of your morning cuppa. The parent company of women’s clothing brand Katies will shut down all of its stores, alongside 80 more from its ot...

  Woolworths has finally come to an agreement with its warehouse staff after a 17 day strike which left stores empty and cost them millions in sales. China has opened an antitrust investigation into US chipmaker Nvidia, the world’s largest provider of AI processors. The Reserve Bank of Australia has kept cash rates on hold for the 9th time in a row in their final meeting for 2024. _ Thi...

ARN Media, the company behind radio stations KIIS FM and Gold, is cutting $20 million in costs as it tries to free up cash in a  very tight radio market The Iconic is suing fast-fashion retailer Shein for infringing on a trademarked name of its in-house label Bitcoin has passed through the $100,000 USD barrier for the very first time and crypto fans are cheering its price to the moon _ This e...

CommBank has backed down from its plan to charge customers $3 to withdraw their own money after enormous backlash. Salesforce has seen its value jump by more than $30 billion USD after it rolled out a brand new feature… “AI”. SpaceX, Elon Musk’s space startup, is reportedly gearing up for a $350 billion USD valuation which would make it the world’s most valuable startup. _ Download the free app (A...

Telstra will acquire Boost Mobile for just under $140 million as it looks to get its hands on 1 million new customers. Nissan, the global car manufacturer, is on the brink of collapse with just 12 months to survive, unless it gets new sources of funding. The largest operator of KFC stores in Australia has seen its net profit plummet over the past 6 months. _ Download the free app (App Store): http...

The Australian government has approved new legislation that will force multinational companies, like Netflix, Apple and Micrsoft, to pay a minimum of 15% tax - finally. Virgin Australia is one step closer to finalising its partnership with Qatar Airways after the ACCC gave it the all-clear to start selling flights. Uber is under investigation in the US for making its subscription service, Uber One...

Airtasker has raised more than $26 million to grow its brand in the US and UK… but it hasn’t raised cash. Webjet is in the firing line after the ACCC alleges it has advertised flights… and the requested additional payments after the booking has been confirmed. Donald Trump has threatened a huge trade war with Mexico, Canada and China after threatening them with whopping tariffs.  _ Head to helia.c...

Australian car dealers have been forced to sell luxury electric vehicles for a loss after Aussie consumers look for other options. Amazon has doubled its investment in an AU company - investing another $4 billion in Anthropic – as it looks to join forces in the AI race. Berkshire Hathaway has provided a pretty ominous update in its earnings - after it hoarded more than $325 billion USD in cash - n...

Lovisa, the fast fashion jewellery chain, has seen its revenue growth slow down to less than half of investor expectations HarperCollins has become the first major book publisher to allow an AI model to train off its books Amcor, the Aussie packaging giant, has announced a mega-acquisition of Berry Group, which will create the largest consumer packaging business in the world _ Head to helia.com.au...

Me&U, the QR code ordering start up, will lay off around 10% of its workforce – a year after merging with its arch-rival Mr Yum. Nvidia’s share price dropped after releasing its quarterly results - but its CEO reckons that the AI gold rush is still going full steam ahead! Jaguar, the British carmaker, has rolled out a brand new logo as part of its plans to transform into an electric-only brand...

CSL, one of Australia's largest companies, has suffered a 4% drop in its share price after a new leader of the U.S. Health Department was announced. BlueSky, the social media platform competing with X, has seen more than 2 million new users, after the US presidential election. Google may be forced to sell off Google Chrome after the US Justice Department pushes for Google to be splt up. _ Head to...

Life360, ASX-listed tracking tech, plans to continue its subscription momentum by expanding its offering to include pets and elderly relatives Cettire, the luxury goods marketplace, saw its shares drop more than 8%  after struggling with a drop in demand for luxury goods CommBank’s CEO says Apple is free-riding on investments made by Australian banks and needs more regulation _ Head to helia.com.a...

Xero, the ASX-listed accounting software, has seen its share price jump to a record-high, despite slowing subscriptions. Amazon has launched a new ultra-low cost platform called “Amazon Haul” to compete head-on against Shein and Temu. Shopify has seen its share price spike more than 26% after its income more-than-doubled in the most recent quarter. _ Head to helia.com.au/LMI to learn more. Helia I...

Rex Airlines is back in business after after receiving $80 million in funding from the federal government. Aristocrat Leisure, the Australian pokies machine maker, has sold its mobile gaming business Plarium Global for up to $820 million USD as it pivots back to poker machines. Aussie coffee-maker Vittoria has won a major court case against Moccona over the use of a glass jar. _ Head to helia.com....

Australians under the age of 16 will banned from using TikTok, Facebook and Instagram under new government legislation Saudi Aramco, the world’s largest oil producer, has seen its third quarter profits plummet 15% after lower oil prices ate into its margins Coopers Brewery, the Australian owned brewery, has seen its profit jump following a pretty unique alcoholic offering _ Head to helia.com.au/LM...

The governor of the Reserve Bank, Michele Bullock, has said that Australia’s economy could face serious implications after Trump’s promise to increase tariffs. The price of bitcoin has hit a new record, jumping more than 10% after Trump's election win. Big Tech CEOs are now cozying up to Donald Trump after his win to become the next president of the US - ahead of some likely big change. _ Head to...

Westpac has announced an annual profit of $7 billion, which is actually a 3% drop from last year as mortgage competition ramps up. Google has been fined 2 undecillion roubles, or $20 decillion USD by a Russian court after blocking Russian state media channels on YouTube. Peloton, the connected-fitness company, has seen its shares speed up 22% after its first quarter results smashed expectations… t...

Woolworths has warned investors that its earnings for the 6 months to December are looking likely to be 5% below last year’s results. Apple has seen its quarterly sales jump 5% after investors got their first peak on how its iPhone 16 sales are faring. Meta’s shares dropped 4% after its quarterly update warned that AI investments were expected to ramp up. _ Head to helia.com.au/LMI to learn more....

Australia’s quarterly inflation is below 3% for the first time since 2021 but the Reserve Bank is still unlikely to make a rate cut next week. Dropbox has announced it will lay off 20% of its workforce after it struggles through a “transitional period”. Reddit’s share price has skyrocketed over 40% following its first-ever profitable quarter.  _ Head to helia.com.au/LMI to learn more. Helia Insura...

Myer is the new owner of Just Jeans, Jay Jays and Dotti clothing brands after agreeing to merge with parts of Premier Investment Group. Zip Co has seen its share price jump more than 10% after announcing its focus on profitability pays off. Volkswagen is looking to cut thousands of jobs as part of a major cost-cutting overhaul. _ Head to helia.com.au/LMI to learn more. Helia Insurance Disclaimer:...