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.
Episodes
IDP Education has warned investors of a major earnings downgrade, which saw its share price tumble 48% in a single day.
Treasury Wine Estates, the Aussie winemaker behind Penfolds, has just suffered a major hiccup in its big, bad, bold US strategy.
McKinsey, the leading management consulting company, has cut its workforce by over 10%, as it lets AI tools like take the wheel.
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Virgin Australia offers $3000 worth of shares to staff as it prepares for takeoff… onto the ASX.
Glencore, the mining behemoth, has shifted over $30 billion of its assets into an Australian subsidiary… but there seems to be more than meets the eye.
The New York Times signs its first-ever AI deal after years of pushing back against AI companies - but it’s not with its arch-nemesis OpenAI.
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ASX-listed Web Travel Group which used to be part of Webjet is soaring after seeing its bookings pop… and its share price pop even more
Hailey Bieber has sold her viral beauty brand Rhode to Elf Beauty for $1 billion USD
Nvidia, the AI chip king, has forecasted a massive quarter of growth despite their slowdown in China
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Wisetech, the ASX-listed logistics beast, has announced a $2.1 billion acquisitions — its biggest yet… but a long mile.
Healthscope, Australia’s second-largest private hospital group has fallen into administration after it struggled to make repayments on its whopping debt.
Arnotts is riding a new wave of love for its Tim Tams with its plans to expand aggressively overseas.
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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 excited
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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.
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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.
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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 in the spotlight.
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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
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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.
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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 growth.
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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
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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.
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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
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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.
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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!
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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
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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.
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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.
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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
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