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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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Temple & Webster has seen its share price fly to an all-time high after its revenue jumped 24% off the back of bathroom fixtures and couches. Seven West Media has seen its worst-ever half year results as it tries to transition away from its free-to-air TV and newspapers. Treasury Wine Estates, the wine giant, has taken its lower-priced wine brands …
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Chemist Warehouse officially launched on the ASX yesterday as its mega-merger with Sigma Healthcare went live. The federal government says it will acquire Rex airlines if there isn’t a buyer for the airline by the end of June. Reddit’s stock has taken a hit after its user growth missed expectations as it struggles to compete with Meta and Google. _…
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JB-Hi Fi has announced better-than-expected sales growth for the past six months but its share price still fell 5%. Donald Trump has warned of a fresh set of tariffs - and this time, it could affect the Australian economy in a BIG way. A group of investors, led by Elon Musk, has made a $97.4 billion USD offer to buy the non-profit organisation that…
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The Victorian government is going on a sport-spending-spree after landing a mutli-year deal to host NFL games in Melbourne as well as the NBA. MCoBeauty, the Australian cosmetics and skincare company, has been sold in a deal that is understood to value the company at $1 billion. Tinder is hoping to turnaround its declining user base by pushing AI i…
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REA Group has seen its profits jump over 26% in the last 6 months and straight after this announcement, CEO has dropped the mic with some other big news. Estee Lauder, the global cosmetics behemoth, will lay off nearly 11% of its workforce after its earnings did a full-180 in its second quarter. Apple has just crashed Facebook’s party after releasi…
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Coles is planning to aggressively reduce the number of products on its shelves to drive higher profits. Armaguard, the cash handling company, is in danger of collapsing once again - meaning coins and notes in Australia are under threat. Donald Trump has sent the share market into a spin after announcing the rollout of tariffs on goods from the US’ …
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Lovisa, the jewellery chain, is facing a class action from its current and former employees after allegedly forcing staff to work for free outside rostered hours. Bunnings has begun rolling out 300 large in-store LED screens throughout its hardware stores to build a retail media behemoth. Microsoft has seen its profit jump by more than 10% from a y…
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Zip Co, the buy now pay later company, has seen its shares plummet more than 25% after its second quarter earnings fell short of investor expectations. Tesla’s revenue and profit fell short of expectations after major discounting of its cars… but they’re planning to get even cheaper. Meta will pay Donald Trump a $25 million settlement for shutting …
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The AFL is renegotiating its major contract with bookmakers as it tries to take a bigger slice of the betting pie. DeepSeek, a new Chinese AI model, has been released with rave reviews… And as a result, Nvidia’s stock price dropped by more than 17%. ARN Media, the owner of KIIS and Gold radio stations may want to buy Nine Entertainment’s talkback r…
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Rivers, the iconic clothing and footwear brand, will close all of its retail stores across Australia by mid-April after it failed to find a buyer. CNN is laying off 6% of its workforce after it has continued to struggle with low-ratings against more digitally focused news outlets. OpenAI, the creator of ChatGPT, has launched a brand new product cal…
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Qantas has made major changes to its Frequent Flyer program… meaning you’ll need to use more points to book most international flights. Netflix has cracked 300 million global subscribers for the very first time after the major release of Squid Game 2. Donald Trump has announced “at least” $500 billion USD into a project called “Stargate” that will …
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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 h…
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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…
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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…
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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…
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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 plat…
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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…
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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 i…
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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…
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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…
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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…
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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 th…
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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 threaten…
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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…
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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 pack…
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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 …
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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 Depa…
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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 bank…
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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.…
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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…
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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 u…
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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 th…
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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…
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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 r…
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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. _ Hea…
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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.…
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Meta is planning to roll out new facial-recognition technology to stop celebrity impersonations that are scamming Aussies out of billions per year McDonalds is in damage control after more than 75 people suffered from food poisoning from its burgers over the last week..and its share price dropped 7% The owner of Coach and Kate Spade, named Tapestry…
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Canva has cracked over 200 million active users as it starts to prepare for a future public listing Grill’d, the Aussie burger chain, is under scrutiny for finding a loophole to pay thousands of workers below minimum industry rates Tesla’s shares jumped 12% after it reported its third-quarter earnings and announced plans to launch a ride-hailing se…
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Aussie tech giant Wisetech has seen its shares drop more more than 22% over the past few days after its founder and CEO has been hit with major scandals. Amazon, Google and Microsoft have all invested in nuclear power plants as part of their goals to reduce its carbon emissions. Qantas could be forced to shell out hundreds of millions of dollars to…
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Foxtel has announced it will start is set to offer sports content and Sky News Australia on its streaming service Binge Flight Centre has seen its share price drop more than 15% after it warned the market that airfare prices were deflating PepsiCo has announced it will put more chips back into its Dorito bags after consumers were furious with its s…
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CommBank has been whacked with a $7.5 million fine for sending more than 170 million emails to customers that did not include the option to unsubscribe. Boeing, the aeroplane manufacturer, is looking to raise $25 billion USD to stabilise its finances after a staff strike and issues with its operations. AustralianSuper, Australia’s biggest super fun…
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Virgin Australia has seen its earnings jump by 18% after it recorded its second profit in a row. IKEA has dropped prices globally to attract more shoppers after its first revenue drop in 4 years. Adobe has joined the AI race after launching an AI video generator that will see it compete with the tech giants. — Check out the Flux x Raiz Flux Academy…
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Chemist Warehouse is taking on Visa and Mastercard by rolling out a new way to pay for your products - QR codes. Tesla has unveiled a new self-driving car prototype called the “Cybercab” with plans to go into production by 2026. The New York Times is teaming up with Yahoo Sports to launch a new hub for women's sports coverage. — Check out the Flux …
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Rio Tinto has swum against the lithium-tide by acquiring Arcadium Lithium for $9.9 billion. Stan, the streaming service owned by Nine Entertainment, is considering bringing advertising onto its platform to boost revenue. Guzman y Gomez, the now-ASX-listed Mexican food chain, announced quarterly sales growth above its already ambitious expectations.…
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Wesfarmers is expected to generate around $6 billion in revenue this year via its health division because Aussies are getting… sicker. Google will be required to open up its app store to rivals so that its users can have more choice when downloading and using apps. The creator of popular video game Assassin’s Creed, Ubisoft Entertainment, is consid…
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Virgin Australia announced last week that Qatar Airways officially plans to buy a 25pc stake in the Aussie airline but there’s still one little, big hold up. LVMH has signed a monster 10-year sponsorship deal with Formula One to put their brands all over the racing circuit. Youtube is bringing big changes to Youtube Shorts to try and compete with T…
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SPC, the Aussie canned fruit and vegetable producer, has finalised a three-way merger with Original Juice Company and Nature One Dairy - creating a $400 million company. Character.ai, one of the leaders in AI, is ditching its plans to make AI models itself after its founders were poached by Google in a $2.7 billion USD deal. Origin Energy has seen …
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Chemist Warehouse has seen its profit jump almost 80% as it gets closer to finalising its merger with Sigma Healthcare. Australia’s airline industry has a new player in town, and its name is Koala Airlines. OpenAI, the creator of ChatGPT, has seen a number of execs quit after it announces plans to become a fully for-profit business. — Download the …
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The share price of Australia’s biggest mining companies jumped more than 13% last week after a major stimulus announcement from China VIsa is being sued by the US Justice Department for allegedly monopolising the debit card market illegally Chocolate may become a whooooole lot more expensive in 2025 as the price of cocoa have jumped rapidly this ye…
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Warner Bros Discovery has confirmed plans to launch its Max streaming platform in Australia in the first half of 2025. Google Australia is about to roll out the most significant change to its Search engine in over a decade…because it’s welcoming AI. Meta has debuted augmented reality glasses called Orion, with holographic displays. — Download the m…
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