What the Flux
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What the Flux
Bite-sized business news. 5 minute breakdown of the top 3 Australian or global business stories of the day. Tailor made for busy humans. Hosted by Brett Joffe and Justin Joffe, co-founders of Flux.
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Treasury Wine hits new decade-low | Labubu-craze expands into Australia | Paramount Skydance eyes Warner Bros Discovery
Treasury Wine Estates’ shares have hit a decade-low after struggling with weak sales and even more challenges in the US.
Pop Mart, the retailer...
CommBank strikes at the core | Netflix wants you to start playing | Foxtel-owner's billion dollar loss
CommBank has officially ditched old school servers, and have shifted their core banking system into Amazon Web Services data centres.
Netflix ha...
Guzman y Gomez's $100 million burrito buy back | Costco and Aldi take on Coles | Salesforce may have a data breach
Guzman y Gomez has launched $100 million share buy back as its sales continue to pick up for the big burrito.
Costco and Aldi are chipping away...
The $1 billion investment from a used car dealer | The ASX has a challenger | Paramount Skydance's $150 million acquisition
Eagers Automotive, the ASX listed car retailer, has invested $1 billion into a Canadian car dealer as it plans for global and domestic expansion
...
Armaguard’s cash deal with the banks | General Pants shuts 25% of stores | Peloton’s AI spin
Cash will remain alive in Australia after Australia’s biggest banks and retailers struck a deal to keep Armaguard delivering the goods.
General...
Seven & Triple M's mega-merger | Trump’s Hollywood tariff | Amazon’s $2.5 billion trap
Seven West Media and Southern Cross Media have announced plans to merge into a $415 million content machine.
Donald Trump has slapped a 100% tar...
RBA hits pause | EA sells for $55 billion - it's in the game | Accenture's AI ultimatum to 800k staff
The RBA has held the cash rate at 3.60% after monthly inflation bounces back faster than expected.
Video-game giant Electronic Arts has agreed t...
Optus' unconscionable conduct costs millions | Smiggle's sales plummet | Alibaba goes all in on AI
Optus has been slapped with a $100 million fine for 4 years of unethical sales conduct
Premier Investments has booked a juicy profit boost… but...
Kathmandu's toughest climb yet | Inflation jump may put RBA cut on hold | Lego's £200m fun-house
Kathmandu’s owner is trying to climb out of the red, but investors are pushing for some serious baggage drop.
Inflation jumps back up to 3%… and...
Myer's share price plummet | Meta's AI wingman for dating | Porsche hits the break on EVs
Myer’s share price has fallen 25% after its poor earnings results shocked investors.
Facebook is trying to cure dating-swipe-fatigue with a new...
Atlassian's acquisition spree | Nvidia becomes BFFs with Intel | Cocoa prices fall
Atlassian has dropped a lazy $1 billion USD to acquire US startup DX…which makes it Atlassian’s biggest acquisition yet.
Nvidia is investing $5...
Santos $36 billion takeover collapses | Meta x Ray-Ban demo flops | Stubhub's IPO mis-timing
Santos, the second biggest oil and gas producer in Australia, has seen its shares plummet 11% after a $36 billion takeover deal collapsed before their...
ANZ in $240 million "crisis" | Apple's Liquid Glass | Gucci-owner delays decision on Valentino acquisition
ANZ has been hit with a record $240 million fine for widespread misconduct across multiple divisions.
Apple has launched its biggest iPhone desi...
Nine's shares plummet | The Good Guys go bad | Adobe fighting back against Canva
Nine Entertainment saw its shares plunge 36% in a single day late last week… but don’t panic, there’s a reason.
The Good Guys has been slapped w...
Nvidia invests in Aussie startup | Oracle surges 36% after four-year guidance | Klarna booms on IPO
PsiQuantum, the Aussie quantum computing start-up, has raised $1 billion USD and boosted its valuation in the process.
Oracle shares had their b...
ANZ slashes 4,500 jobs | Coles & Woolies face $1 billion cost | Cashrewards shuts down
ANZ is cutting 4,500 jobs and scaling back consultants in a $560 million restructure under its new CEO.
Coles and Woolworths are facing a billio...
Atlassian takes on Google & Microsoft | Macquarie dominates home loans | American Eagle's denim dreams
Atlassian has announced plans to take on Google and Apple with a near-$1 billion acquisition of an AI-powered browse.
Macquarie has smashed the...
Rugby Australia crushes debt | Mecca under ASIC's latest radar | BYD shares fall 5%
Rugby Australia has wiped its debt after the success of its British and Irish Lions Tour this year…and now it’s ready to run the ball upfield with a b...
The Reject Shop to become Dollarama| Rokt & roll for an IPO | ACCC after Aldi's veggie cartels
The Reject Shop is planning to re-brand its stores into Dollarama stores as it pushes towards becoming a super-low priced retailer.
Rokt, the Au...
Domino's slices off discounts | OpenAI's Aussie expansion | Lovisa's shiny new opportunity
Domino’s has just served up its first annual loss in 20 years after major discounting… but now they’ve warned… the discounting ends here!
ChatGP...
Woolworths' profit plunge | Qantas profits are sky-high | Lego fights Netflix for attention
Woolworths has copped investor backlash as its profit falls 17%…and Coles keeps catching up.
Qantas has flown to a near-record profit thanks to...
Coles boosted by its private label | Reece's share price down the drain | Labor launches 5% home deposit scheme
Coles has seen its shares jump 8% after a big push in its home-brand products.
The country's largest supplier of plumbing and bathroom supplies...
GYG's shares lose its spice | Mainland's cheesy acquisition | Inghams gets roasted
Guzman y Gomez’s shares have tumbled 18% after its sales growth falls short of its big expectations.
Fonterra sells off its Mainland cheese and...
Universal Store's private strategy | James Hardie's valuation plummets 27% | Breville's caffeinated earnings
Universal Store has seen its sales jump nearly 16% thanks to its private brand strategy.
James Hardie has seen its share price plummet 27% after...
Qantas receives the largest fine in history | CSL's share price is bleeding | Soho House closes doors to public markets
Qantas has copped a record $90 million fine for its illegal sackings of staff…and more than half of the money is going straight to the union.
CS...
Temple & Webster's furniture fortune | Ampol's billion dollar pump-up | Bonds undies has an uncertain future
Temple & Webster is riding the home improvement boom after it experienced a 6x profit jump… and investors reclined into the good news
Ampol, the...
Telstra’s buyback spree | Westpac’s profits jump 14%| Perplexity's big bid for Google's Chrome
Telstra has seen its annual net profit jump 31% off the back of growth in its mobile services… and now it’s on a buyback rampage.
Westpac’s prof...
The RBA's cash rate call | NBN Co's billion dollar loss | JB Hi-Fi's big payout
The RBA has cut the cash rate by 0.25% to its lowest level in more than two years.
NBN Co has cut its losses to under $1 billion in the last fin...
News Corp's black sheep | McDonald's chicken rules the roost | Spotify's price rise sparks shares
News Corp has seen a 14% jump in EBITDA for the full year, but parts of its Australian operations became the family embarrassment
McDonald’s has...
REA Group’s juicy profit | Human error wipes $400 million from TPG Telecom shares | Duolingo’s taking over the learning world
REA Group just announced juicy profit and a bigger dividend as a parting gift from its retiring CEO.
The ASX’s recent ‘human error’ has seen $40...
A new challenger airline in Australia? | TPG Telecom rings in more investors | Reddit's share price gets upvoted
A new challenger airline in Australia plans to be compete against Qantas and Virgin within 12 months… but doesn’t have a single plane (yet).
TPG...
ResMed investors sleep soundly | Figma pops 250% on IPO | Ozempic faces a new challenger
ResMed beats full‑year earnings and revenue forecasts thanks to a growth in snorers around the world.
Figma, the design software, has tripled it...
Flight Centre's jet-lagged profit | Harley-Davidson fails to rev its engine | Meta's AI surprises everyone
Flight Centre has downgraded its profit guidance for the third time because of a slowdown in global travel.
Harley-Davidson has just sold a key...
Webjet hit with $9 million of turbulence | Aussie banks refund millions to customers | Anthropic faces class action suit
Webjet will be fined $9 million by the ACCC after they admitted to misleading customers with false advertising.
Three major Aussie banks will re...
Bapcor's lost its Midas touch | Paramount's new owner | LVMH battles against the economy
Bapcor, the company behind Autobarn, Burson and Midas, has issued a major profit warning, three directors have quit, and its share price has nosedive....
Fortescue's hydrogen runs out of gas | YouTube hits record viewership | Tesla's worst quarter in a decade
Fortescue, the WA-based mining giant, has smashed its export records… but its hydrogen dreams have run out of gas.
YouTube has smashed viewershi...
Seek & Employment Hero go from friends to foe | Qantas' AI-pology | Trump's GENIUS Act
Seek, the digital jobs marketplace, is being taken to court by its former friend Employment Hero.
Qantas has admitted to using AI for its CEO em...
CommBank in hot water over redundancies | Netflix revenue jumps 12% | AI startup Lovable rides the unicorn
Australia’s biggest bank is in hot water with the finance sector union for allegedly using “redundancy” as cover to send local jobs offshore.
Ne...
Emirates takes on Aus Post | Thinking Machines raises $2 billion with no product | Pop Mart wins big with Labubu profits
Emirates is planning to take on Qantas and Australia Post by launching its Courier Express service in Australia.
A stealth AI company, called Th...
RBA's move to ban card fees | Kraft Heinz breakup | Musk's SpaceX invests into Musk's xAI
The RBA has recommended a ban on surcharges for debit and credit card payments in Australia in a plan to save shoppers $1.2 billion.
Kraft Heinz...