New record: CommBank's $9B profit | InSinkErator sells for $3B | Coinbase's slippery slope

What the Flux

English - August 10, 2022 19:00 - 5 minutes - 5.44 MB - ★★★★★ - 12 ratings
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Previous Episode: REA's new record | NAB makes serious bank | SoftBank: we need to slow down

Next Episode: Telstra's biggest dividend in 7 years | Disney overtakes Netflix | Spotify enters Ticketmaster's turf

CommBank is celebrating big time after announcing a $9.6 billion annual profit, which is its biggest cash profit in over 5 years.

Whirlpool, the home appliances behemoth, has agreed to buy the company behind the InSinkErator for $3 billion.

Coinbase, the crypto trading platform, has released some pretty grim earnings results - losing over $1 billion in the second quarter of this year.

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