What the Flux
Csatorna részletek
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.
Legutóbbi epizódok
1262 epizód
Google & Meta move $11 billion off Australian shores | Amazon’s Aussie sales hit record high | Adidas' unlaunched shoes break records
Google and Meta have transferred almost $11 billion of Australian revenue to offshore entities over the past year to reduce their tax locally.
A...
Microsoft invests $25 billion into Australia | WarnerBros Discovery vs Hollywood | SpaceX eyes $60 billion AI purchase
Microsoft is investing a whopping $25 billion into Australian data centres… as demand for AI just keeps booming.
Warner Bros Discovery’s investo...
Cochlear's biggest one-day fall in 30 years | Intrepid Travel billion-dollar push | Adobe's $25 billion share buyback
Cochlear, the ASX-listed hearing implant company, has seen its share price plummet 36% - its biggest one day fall in 30 YEARS.
Intrepid Travel,...
NAB braces for bad debts | Mecca's in-store surge | Apple CEO Tim Cook steps down
NAB’s share price has dropped more than 3% as it prepares for a downturn for its business customers.
Mecca’s revenue grew to $1.43 billion by th...
Zip strikes BNPL success in the US | Gucci is launching smart glasses | Amazon $11.6 billion bonanza
Zip Co has seen its shares spiked up to 24% after announcing an upgrade to its earnings guidance thanks to the US.
Gucci is teaming up with Goog...
Qantas and Virgin cut flights | Uber invests $10bn into robotaxis | Allbirds pivots to AI Birds
Qantas and Virgin Australia are cutting their lower demand flights because fuel prices continue to bite their bottom line.
Uber is driving away...
MCoBeauty hit in copycat lawsuit | IKEA cuts 365-day returns | Coachella brings in the bucks
MCoBeauty, the Australian dupe-beauty giant, is facing US lawsuits over claims it has copied its luxury competitor.
IKEA is winding back its fam...
Aussies are hoarding the pantry | Yen tanks, Uniqlo thanks | Anthropic's playing AI gatekeeper plus a special guest joins us
SPC, the fruit and veg processor, has been a major beneficiary as Aussies are stocking up on baked beans and canned goods.
Uniqlo is heading for...
Canva rebrands as AI company | AustralianSuper dumps $1 billion | Levi Strauss' denim comeback
Canva has acquired two new startups as it tries to reposition itself from design-software to AI-marketing company.
AustralianSuper has dumped ne...
NextDC's 100-year loan (for a 15 year old company) | SafetyCulture goes on the offensive | AI giants team up against Chinese competitors
Aussie data centre operator, NextDC is issuing a 100-year, $1 billion bond to fund its booming data centre expansion.
SafetyCulture kicks off it...
Telstra forced to cut its mobile coverage claims | Canva's late but huge revenue spike | Shein wants to run Aussie wardrobes
Telstra has just lost one of its key marketing angles as it’s forced to cut its mobile coverage claims by one-third.
Canva has released its late...
Xero takes on AI by teaming up with AI | Diageo steps up to the crease for billions | David Jones' red flag
Xero has announced a new partnership with Anthropic to bring AI into accounting… and prove that its business won’t be eaten by AI.
Indian Premie...
Qantas faces $500 million profit drop | Apple is putting ads on the Maps | Labubu hype hits reality
Qantas could see profits drop by $500 million as it struggles to balance its flights and the huge spike in oil pieces.
Apple is putting ads on A...
Domain first big challenge to REA Group | AI-powered cow collars hit $2 billon | Cuttable builds $100 million biz with just 8 engineers
A new-look Domain has promised to put a cap on price hikes as part of its new plan to take it up to REA.
Halter, a New Zealand-based agtech comp...
Smiggle's profit stalls | Lamborghini ditches EV plans for one reason | Flight Centre gets creative
Premier Investments, the owner of Smiggle and Peter Alexander, has announced flat profit for the last half… with one of its brands carrying the weight...
ACCC investigates petrol cartel | Meta moves on from the $80 billion metaverse | OpenAI, Microsoft and Amazon in a throuple?!
The ACCC has launched a public investigation into whether major fuel suppliers have been committing anti-competitive conduct in regional Australia
RBA lifts rate to 4.10% | Google Maps adds AI to compete with Apple | Peloton pushes into gyms
The RBA has lifted interest rates to 4.1%… as war, petrol prices and inflation all collide into a global domino effect.
Google is adding a new A...
Qantas' $105 million class action | McDonald's viral burger boost | Bumble pops despite falling user numbers
Qantas will pay $105 million to settle a class action over delayed COVID flight refunds… as it tries to move on from the major reputational hit.
...
Atlassian cuts 10% of its workforce | AustralianSuper wants to borrow billions | The Inspired Unemployed are cashing in
Atlassian is cutting 10% of its workforce as AI reshapes its business… and it tries to fight back against its plummeting share price.
Australia’...
The Iconic finally turns a profit | Koala’s IPO reality check | Robinhood’s private strategy
The Iconic has finally turned a profit after 15 years as it shifts away from growth at any costs…and focuses on the margins.
Mattress maker Koal...
Kyle & Jackie O's downfall sparks ARN Media | Audible faces audiobook competitor | Aussie airports are fleecing their visitors
ARN Media, the radio company behind KIIS and Gold FM, has seen its share price jump over 5% after the fallout of The Kyle and Jackie O show.
Aud...
News Corp positions itself for AI | Lyka leans into pet humanisation | OpenAI’s $110 billion mega-raise from friends
News Corp has declared itself an AI “input” powerhouse as it expects to hit record profits in 2026… thanks to a big OpenAI deal.
Lyka, the Aussi...
CommBank dobs itself in to police | Woolworths’ AI goes rogue | Budget Direct's 'vanishing' discounts
Commonwealth Bank has dobbed itself in after spotting $1 billion in home loans were backed by dodgy, AI-generated documents.
Woolworths’ AI assi...
Qantas' plan to keep away from Virgin | Chemist Warehouse's healthy dose of profit | Wisetech's wipeout
Qantas half-year underlying profits hit nearly $1.5 billion as it plans to shake up its Frequent Flyer program to keep customers loyal
Chemist W...
Triple M and Channel Seven face the music | Black Friday hits Adore Beauty's bottom line | Trump eyes 15% tariffs
Southern Cross Media suffered a 17% drop in profit in its first result since merging with Seven West Media… but its CEO didn’t deliver the update.
Aussie startup exits for $1.6 billion | Guzman y Gomez slows down US plans | eBay acquires Depop for Gen Z
Aussie health-tech startup Eucalyptus has been snapped up for $1.6 billion by Hims & Hers, its US-equivalent… in one of the biggest health-tech exits...
Bunnings to the rescue | Zip shares plunge 33% | Telstra rings in the revenue
Wesfarmers posts a $1.6 billion profit jump as Bunnings and lithium carry the load… but Officeworks runs low on black ink.
Zip Co, the buy now p...
Coles accused of 'utterly misleading' customers | SEEK exits Employment Hero | Sushi Sushi has a new owner
Coles has been taken to court by the ACCC for ‘utterly misleading’ consumers on grocery prices.
SEEK is putting its stake in Employment Hero up...
Barbeques Galore burns out | Breville brews $1.1 billion in revenue | Kraft Heinz cancels breakup plan
Barbeques Galore has entered receivership, putting 500 jobs on the line as liquidity issues leave Australia’s biggest BBQ retailer fighting for surviv...
ANZ's profit spikes after job cuts | Temple & Webster gets punished for discounts | Hasbro & Mattel - same forecast, different fate
ANZ’s profit jumps 6% to $1.94 billion after 3,500 job cuts under its new ANZ 2030 strategy.
Temple & Webster’s share price plummeted 30% but it...
Seek's $365 million write-down | Jeep owner cops multi-billion dollar EV hit | Ozempic upends The Man Shake
Seek has written down its investment in Chinese jobs portal Zhaopin by $365 million after the company’s poor performance.
Stellantis, the owner...
Investors brace for Capital Gains Tax changes | Atlassian’s AI problem | KPMG ships jobs offshore
The government is eyeing a major shake-up of the capital gains tax discount, and investors might be about to feel the pain.
Atlassian’s share pr...
Members flee AustralianSuper | LIV Golf bleeds billions | Anthropic spooks investors with AI
Australian Super, the country’s largest super fund, has lost over $250 million in funds as members switch to rival super funds.
LIV Golf, the ch...
RBA hikes the cash rate...with more to potentially come | Musk's SpaceX acquires Musk's xAI | Hollywood's sequel strategy is failing
The RBA has hiked the cash rate by 0.25% after the latest inflation numbers keep growin and growin and growin.
Elon Musk’s SpaceX has acquired E...
Nine's fire sale of radio stations | Spotify is crushing the Aussie music artist's dream | Paramount to take on TikTok
Nine Entertainment has ditched its radio and regional TV assets to bulk up on billboards with an $850 million acquisition
Australian music arti...
Domain vs REA drama deepens | Meta’s $135 billion bet | Tesla doesn't want to sell cars
Domain’s fight with REA just got more complicated after a US activist investor fires shots at Domain’s new owner, CoStar.
Meta has just generate...
Foxtel's new owner hikes prices | TikTok sells to US investors | Gold and silver break records
Kayo, the sports streaming platform, is jacking up their prices by 15% as its new owner looks to squeeze more value from live sport.
Bytedance h...
Aussies pay the “lazy tax” & banks boom | Ryanair trolls Musk | Saks Fifth Avenue files for bankruptcy
Australia’s biggest banks are quietly making billions off zero-interest accounts after Aussie customers pay the lazy tax.
Ryanair’s boss picked...
$1.9 trillion of super makes a big call | OpenAI rolls out ads | Porsche's biggest sales drop in 16 years
The organisation advising $1.9 trillion worth of super money has set the stage for 2026…and this is likely to have ripple effects across all ASX200 co...
Bonds is up for sale | Wikipedia partners with Google, Meta and Amazon | Rio eyes $300 billion Glencore mega-merger
The company behind Bonds, Bras N Things and Sheridan is up for sale after its new global owner wants to clear the decks.
Wikipedia has announced...