What the Flux

The Reserve Bank of Australia (RBA) has announced inflation of 3.6% which is higher than expected.. And it means a rate cut in 2024 is looking less and less likely

David Beckham is suing Mark Wahlberg for more than $10 million USD after he was allegedly underpaid for an endorsement deal with fitness franchise F45

The US Congress has passed a bill that will could force TikTok to be sold in the US within a year or otherwise be bann...

ABC Radio has seen its audience share plummet to the lowest point ever as it struggles to sustain its hero products.

Amazon has been selling goods on its competitors e-commerce platforms for years under the alias “Big River Services” to gather intel on its biggest rivals.

Free to air TV networks, like Seven and Nine, are worried for their futures as teenagers spend 83% less time in front of TVs and more on their phone.

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RM Williams has invested $8 million to expand its focus on a growing women’s category.

LinkedIn is testing a new premium subscription for Company Pages to help raise company profiles on the platform.

Netflix’s revenue has jumped 15% in the first quarter this year but warned the days of sharing subscriber numbers is all over red rover

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Bonza, Australia’s fourth largest airline, has hit major turbulence after some major instability from its private equity owner

LVMH saw its sales growth slow down to just 2% as its consumers pull back from Louis Vuitton bags and Hennessy cognac.

Crocs and Pringles are collaborating on new clogs with an accessory you didn’t know you needed…an ankle holster for your potato chips.

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News Corp Australia is making its biggest company restructure in decades after Meta decided not to renew its News Bargaining deal with Australian publishers.

Apple has lost its spot as the top phone maker in the world - in the most recent quarter.

Tesla is axing more than 14,000 jobs as demand for electric vehicles slows down.

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Two of Australia’s up and coming betting companies, BlueBet and Betr, will merge to compete with the big players in the betting space.

Luxury fashion retailer Cettire has struggled to woo investors despite an 88% increase in quarterly sales compared to the previous year.

NextDC, Australia’s largest listed developer and operator of data centres, is raising more than $1.3 billion to expand its operations in Australia.

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Ola has announced it will officially shut down its ride sharing services in Australia after 6 years as well as other international markets

Tesla has reportedly scrapped its plan to build a lower-cost electric vehicle and is focusing on Robotaxis

KPMG Netherlands has been hit with a $38 million fine for widespread exam cheating from 2016-2020

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Qantas has announced a major upgrade to its Frequent Flyer rewards points program which will cost it over $120 million.

Woolworths is partnering with the UK’s Tesco supermarket chain, and other big supermarket chains around the world, on a new $190m investment fund.

Uber Eats is launching TikTok style videos on its app to improve discovery of eateries.

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Sydney Airport’s earnings have more than doubled, as Australia’s biggest airport makes the most of our return to flying - in Australia and globally.

Canva has finalised a share sale worth $3.6 billion, making some of its staff overnight millionaires.

Google’s parent company Alphabet is reportedly looking to acquire CRM and marketing software platform Hubspot.

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The owner of Sportsbet, which is Australia’s biggest sports betting company, has said the company experienced a big 27% decrease in earnings for the last financial year.

Spotify is planning to raise its prices AGAIN in key markets, including Australia - and it’s mostly thanks to... audiobooks.

Tesla is location scouting for a new car plant in India that could be worth between $2b-$3b USD.

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ASX-listed wine maker, Treasury Wines, is likely to increase prices on Penfolds wines, as China finally loosens tariffs on Aussie wine.

Google is planning to destroy users’ ‘incognito mode’ browsing data as part of a lawsuit settlement.

WeWork’s founder, Adam Neumann, and several partners are looking to buy WeWork out of bankruptcy for more than $766m.

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Australia’s big banks and some of the Australia’s biggest retailers have given a financial lifeline to Armaguard to keep the cash transport company alive.

The owner of Peter Alexander and Smiggle, Premier Investments, is looking to separate the two retailers from the parent company so they can trade as individual entities.

Spotify is testing online-learning courses in its latest content experiment.

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Reddit’s share price launched 48% on its first day as a listed company last week on the New York Stock Exchange.

Unilever is melting away its ice cream division and is axing 7,500 jobs in an effort to cut costs big time.

Baraja, the $300m Aussie self driving car tech startup, has allegedly had its value written down to zero by its venture capital investors.

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Chemist Warehouse has announced a profit increase of nearly 30% in the lead up to its proposed merger with Sigma Healthcare.

Gucci’s got a problem, and its name is China - yup, we’re talkin’ a share price drop costing Gucci’s owner $10.5 billion.

Luxury brand Hermes is facing a class action suit for alleged antitrust behaviour over the sale of its Birkin bags.

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Uber is paying Aussie taxi drivers $272m in big class action settlement

Google is looking to partner up with Apple to licence the Google Gemini AI system for the iPhone

BHP is reportedly laying off close to 100 staff members at its mega West Musgrave nickel and copper project in Western Australia.

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Amazon is recruiting a fleet of contractors to grow its delivery network in Australia, and take on Australia Post.

Liquid Death, the canned-water brand that helps you “murder your thirst” has just doubled its valuation… because people actually pay for branded H20.

PwC Australia will make more than 320 staff and 37 partners redundant over the next nine months as they try to recover from the tax scandal.

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Optus’ owner, Singtel, is looking like to sell the Aussie telco in a multi-multi billion dollar deal.

Myer has seen its share pop more than 5% after it managed to stabilise its results… and bring in a new Exec to lead it into the future.

TikTok is facing an existential threat as the US House of Representatives has passed a bill to ban app stores from the app.

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Google Australia is going to split away from Meta as it looks to renegotiate its media deals under the Media Bargaining Code.

Elon Musk has announced that xAI, his ChatGPT rival, will make its chatbot, Grok, open source.

Pfizer, the biotech that boomed off the back of COVID, has shifted gears and is now focusing on cures for cancer to grow its revenue.

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Amazon has crossed $3 billion in sales in Australia as it snatches customers from its competitors.

Apple has been whacked with a $2B euro fine in Europe for suppressing competition in the music-streaming industry.

Tigerlily, one of Australia’s biggest swimwear brands, has fallen into administration for the second time.. In just four years.

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