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
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 part of engine that kept its business humming…after its sales fall year over year over year.
Meta’s share price has jumped 9% after its quarterly earnings smashed past investor expectations… but the spend-a-thon is continuing.
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...Webjet will be fined $9 million by the ACCC after they admitted to misleading customers with false advertising.
Three major Aussie banks will refund nearly $60 million to vulnerable customers after ASIC found it was charging customers fees that they couldn’t afford.
Anthropic, the AI startup backed by Amazon, is now facing a class action lawsuit from authors who claim their work was used without permission.
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Bapcor, the company behind Autobarn, Burson and Midas, has issued a major profit warning, three directors have quit, and its share price has nosedive.
Paramount has finally merged with Skydance in an $8 billion USD deal after close to 2 years of negotiations.
LVMH has seen its share price fall more than 8% after investors get major tariff anxiety.
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Fortescue, the WA-based mining giant, has smashed its export records… but its hydrogen dreams have run out of gas.
YouTube has smashed viewership records and ad revenue as it competes head on with old-school TV channels.
Tesla has suffered its steepest drop in quarterly revenue in over a decade after it struggles with strong competition and less government-support.
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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 email sent to customers that were affected by their data breach.
Donald Trump has signed the very first crypto bill in US history… and crypto valuations are going bonkers.
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Australia’s biggest bank is in hot water with the finance sector union for allegedly using “redundancy” as cover to send local jobs offshore.
Netflix just posted record quarterly revenue…but investors still sold off the stock because of its pricey content strategy.
Lovable, the startup helping people build apps without writing code, has cracked unicorn status just 8 months after launch.
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Emirates is planning to take on Qantas and Australia Post by launching its Courier Express service in Australia.
A stealth AI company, called Thinking Machines, has just raised $2 billion USD…before even launching a product.
Pop Mart’s profits are popping off thanks to an elf doll called Labubu.
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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 is weighing up a corporate break-up… only 10 years after Kraft and Heinz got together.
SpaceX is reportedly investing $2 billion USD into xAI… because when Elon borrows money, he borrows it from himself.
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Some of Australia’s most iconic magazine titles, like The Australian Women’s Weekly and Woman’s Day are being put up for sale… again.
Meta has invested 3 billion euros into the maker of RayBan as it plans to double-down on smart glasses.
Lululemon is suing Costco for allegedly copying its clothing designs — and it’s come with receipts.
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Telstra is planning another mass job cut of over 500 jobs as it pushes to hit its new 2030 strategy… with AI.
Donald Trump’s new threat of tariff on overseas pharmaceutical companies has put Australia’s pharma industry in the firing line.
MYOB, the accounting software company, is trying to take on the big banks in the business banking market.
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The Reserve Bank of Australia has thrown one of the great surprises of 2025 by pausing the cash rate at 3.85%.
Uber Australia’s advertising business has grown to over $150 million as it doubles down on ads as their latest revenue stream.
Aldi has launched a home delivery service in Australia for the first time to get a slice of the growing online grocery industry.
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Jetstar Asia is being shut down after 20 years of trying to break into the Asia market…and failing
Cochlear, the ASX-listed medical device company, has seen its shares take a hit but it’s hoping its bionic ear will save the day
Cettire, the online luxury fashion retailer, has seen its shares nosedive 30% after a slowdown in sales, profit and US luxury purchases
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Afterpay and all other buy now pay later lenders just got slapped with the same laws as credit card lenders…and that means tighter lending criteria
Apple announces sleek new updates at WWDC 25… but kicks the Siri AI overhaul further down the road
Warner Bros. Discovery is splitting into two companies – one for streaming, one for old-school TV to reinvigorate investors
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...David Jones is in the red again but its private equity owners are going all-in with a $190 million debt boost.
Tesla saw $150 billion USD wiped off its value late last week after Elon Musk and Donald Trump bromance is officially over.
Hermès Australia is defying the cost-of-living crisis after record sales in Australia… and sending a a huge chunk back to Paris.
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Mecca has officially joined the billion-dollar club after clocking $1.2 billion in sales
Westpac’s home loan brand RAMS is in hot water after ASIC alleged it enabled years of dodgy home loan behaviour
Elon Musk’s artificial intelligence company xAI is launching a $300 million secondary share sale
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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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