What the Flux
711 episodes - English - Latest episode: over 1 year ago - ★★★★★ - 12 ratingsBite-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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Episodes
SPC is BACK (with $14m) | Apple's new iPhone | Russia cuts Europe's gas
September 08, 2022 19:00 - 5 minutes - 5.5 MBSPC has announced a $14 million pre-tax profit just 3 years after it was sold by Coca-Cola Amatil (as a loss-making business). Apple has had its annual iPhone launch and has announced a new iPhone, Apple Watch and Airpods. Russia has officially cut off Europe from its gas supply indefinitely, and now it has turned its war against Ukraine into an economic weapon against Europe. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Downloa...
D'Amelio's launch own brand | Aussie financial stress skyrocketing | Armaguard, Prosegur want to merge
September 07, 2022 19:00 - 5 minutes - 5.42 MBArmaguard and Prosegur, two of Australia’s cash van connoisseurs, want to merge together to stay alive. The D’Amelio family is launching a 100% family-owned brand with all their juicy TikTok money and exposure. In 2022, twice as many Aussie workers are as financially stressed as they were in 2020, according to a new report. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork --- The content in this podcast reflects the views and...
Kraft Heinz Aus' potential $1b sell out | Porsche to leave the VW nest | Ireland fines Meta $591m
September 06, 2022 19:00 - 5 minutes - 5.51 MBKraft Heinz, the owner of some of the world’s, and Australia’s, biggest brands might be selling off its huge $1 billion Aussie and NZ business. Porsche, the luxury carmarker, is looking to leave the Volkswagen nest and go public in one of the biggest IPO’s in German history. Ireland just fined Meta, the owner of Facebook and Insta, a massive $591 million for being too lax with childrens’ data privacy. --- Build the financial wellbeing of your team with Flux at Work: https://b...
Dan Murphy's beer slab job interviews | AFP targets crypto | Foxtel, Seven close to $3b AFL rights
September 05, 2022 19:00 - 5 minutes - 5.36 MBDan Murphy’s has told Aussies to come in for a slab of beer and stay for an on-the-spot job interview as part of its plan hire 2200. The Australian Federal Police has set up a new unit specifically to target crypto criminals. Foxtel and Seven are looking likely to will keep the AFL broadcasting rights and it could land for around $3 billion. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://b...
Aussie stake.com founders sued | Samsung's super duper smart fridges | Gatorade launches attack on Red Bull
September 04, 2022 19:00 - 5 minutes - 5.48 MBThe Aussie founders of Stake.com, the world’s biggest crypto casino, are being sued for $580 million bucks. Samsung is integrating AI and smart tech in their fridges and washing machines to help its customers use less power. Gatorade, the company known for its sports drinks, is entering the energy drink category - with a caffeinated number named Fast Twitch --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App...
David Jones for sale? | Disney 'Rewards' | Snap cuts 20% of staff
September 01, 2022 19:00 - 5 minutes - 5.46 MBDavid Jones has seen its sales and profits bounce back over the last couple of months, and now, it has opened itself up for a potential sale. Disney is exploring its own loyalty program, which will give special membership access across all of its millions of products. Snap has missed its revenue goals by a country mile, so now, it's laid off 1 in 5 staff members across the company. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Do...
Webjet poppin' bottles | Super products forced to close | PointBet down $267m
August 31, 2022 19:00 - 5 minutes - 5.44 MBWebjet is popping bottles after its travel bookings reached 95% of its pre-pandemic levels. Superannuation products from four super funds will be forced to close to new members after they failed a key performance test for a second straight year. PointsBet, which has Shaquille O’Neill as its ambassador, has announced a loss of $267m for the last 12 months. --- Flux on TikTok: https://www.tiktok.com/@flux.finance --- The content in this podcast reflects the views and op...
Cettire cash burnin' | UniSuper-Santos | Fed spooks investors
August 30, 2022 19:00 - 5 minutes - 5.46 MBCettire, the Aussie luxury fashion retailer, has broken its revenue record, but it's still burning cash. UniSuper might be breaking the law after investing more than $160m in an oil and gas producer. The head of the federal reserve says US interest rates will continue to rise… and investors are SPOOKED. --- Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance --- The content i...
Adore Beauty's margin woes | Netflix, Disney take on Aussie internet providers | Peloton cycles to $2.8b loss
August 29, 2022 19:00 - 5 minutes - 5.5 MBAdore Beauty - the skincare and makeup e-commerce brand - has seen its profit jump this year, but the company reckons it’ll face sliding profits over the horizon. Netflix, Disney and several other movie studios are taking Aussie internet providers to court over video piracy. Peloton, the connected-fitness equipment company, has rolled its way to a $2.8b USD loss for the last 12 months to June 30. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly...
Wesfarmers ain't partying | Afterpay quits Money | Doordash is hacked
August 28, 2022 19:00 - 5 minutes - 5.31 MBWesfarmers, the Aussie conglomerate, has released its results for the last financial year, and let’s just say it is makin’ it work, but it ain’t quite partying like its FY21. Afterpay is shutting down its Money app after just 12 months, but supposedly, it’s not because it ain’t performing well. Doordash just got hacked and now they join a list of large companies that have been hacked recently. --- Build the financial wellbeing of your team at work with Flux at Work: https://b...
Qantas loses $1.9b | $315m for Nine, Stan = NQR | Biden cancels student debt
August 25, 2022 19:00 - 5 minutes - 5.32 MBQantas has posted an underlying loss of $1.9 billion bucks before tax for the past financial year, but Qantas reckons things will turn around once they sort out staffing issues. Nine Entertainment has announced a bumper profit of $315 MILLION, buuuut Stan hasn’t nailed its numbers yet despite growing its user base. US President Joe Biden has promised to spend between $US400 billion to $US600 billion to cancel student debts for nearly 40 million Americans. --- Build the financ...
Coles' food inflation | Tabcorp wins (finally) | Insta clones BeReal
August 24, 2022 19:00 - 5 minutes - 5.49 MBColes has released its yearly earnings, which continues to rise, but the real talking point was food inflation… it ain't over yet folks. Tabcorp, Australia’s largest gambling company, has claimed a major win by gaining market share in the competitive gaming market (after years of falling behind). Instagram has gone into full clone mode again, but this time, it’s copying a new app called BeReal - which has taken the US by storm! --- Flux on TikTok: https://www.tiktok.com/@flux...
Dan Murphy's daddy booms | Reject Shop's golden goose | Ford cuts deep
August 23, 2022 19:00 - 5 minutes - 5.43 MBEndeavour Group, the daddy of Dan Murphy’s, has announced a more than 12% revenue growth since 2020 - and it’s partly thanks to an uptick in non-alcoholic drink sales. The Reject Shop has been doing it tough lately, but now, economic woes are looking like a golden opportunity. 3,000 workers at giant car company Ford Motor will lose their jobs as the company cuts costs big time. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork...
Medibank...hospitals? | Shopify takes on NAB | Sold: Lord of the Rings gaming IP
August 22, 2022 19:00 - 6 minutes - 5.51 MBMedibank is going all in on becoming a hospital owner - and they’ve got the cash to back it up. Shopify will begin lending to the small businesses that are selling on its retailing platform. Embracer, a Swedish gaming company, has bought the Lord of the Rings IP, so get ready to spend more time in Mordor. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download ...
AGL's back | Qantas v ACCC | Norway's floundering wealth
August 21, 2022 19:00 - 5 minutes - 5.47 MBAGL has had a seriously rough start to the year but is still technically back in the black in its full-year earnings. Qantas’ deal to take over FIFO specialists Alliance Airlines for over $600m is in trouble thanks to the consumer and competition watchdog’s bark. Norway’s sovereign wealth fund has copped a $250 BILLION loss in just 6 months from January to June this year - and yep, that’s a record. --- Build the financial wellbeing of your team at work with Flux at Work: http...
CSL makes history | Xero cops 7% smack | Amazon copies...TikTok!
August 18, 2022 19:00 - 5 minutes - 5.45 MBCSL, the Australian born biotech company, has announced its second-largest annual profit in its history... after having a pretty rough time during COVID. Xero, the cloud-accounting platform, has warned its subscriber growth in the UK ain't so great, and investors whacked its share price down by over 7%. Amazon is launching a new feature internally and this feature seems eerily similar to a product of another company... by the name of TikTok. --- Build the financial wellbeing ...
Apple to unleash ads | Rebel owner cops whack | Shopify enters influencer game
August 17, 2022 19:00 - 5 minutes - 5.36 MBApple’s got a new plan to protect your privacy, but Apple also plans to make a hell of a lot more money, so look out for more ads on your iPhone. Super Retail Group, the owner of Rebel, BCF, MacPac and many more brands, is growing their revenue once again - but their profits are somehow shrinking. Shopify is launching a new collaboration platform that will help connect creators and influencers with businesses looking to sell more goodies. --- Build the financial wellbeing of ...
SEEK up 81% | DoorDash, FB Marketplace unite | $350m: WeWork founder is back
August 16, 2022 19:00 - 5 minutes - 5.41 MBSEEK has achieved an 81% jump in profits thanks to record job ads in Australia and NZ. DoorDash and Facebook Marketplace have launched a new collab that lets Doordash buyers pick up your Marketplace purchase. WeWork founder (and all round controversial bloke Adam Neumann) has scored $350 million for his new startup. --- TikTok: https://www.tiktok.com/@flux.finance --- The content in this podcast reflects the views and opinions of the hosts, and is intended for persona...
MDMA gets Twiggy's money | Google's dodgy data | Uber shuts Rewards
August 15, 2022 19:00 - 5 minutes - 5.38 MBTwiggy Forrest - the Aussie mining magnate - is launching a new health tech fund, and a bunch of that cash is going straight to MDMA research. Google’s in big trouble with the Aussie consumer watchdog after being dishonest about data sharing. Uber is shutting down Uber Rewards, its OG incentive program and ushering in a new world. of Uber One. --- Daily newsletter: https://bit.ly/fluxnewsletter Build the financial wellbeing of your team at work with Flux at Work: https://bit...
Paris Hilton's Metaverse Mansion | Resmed wins from rival's product recall | Meta's chatbot turns on Facebook
August 14, 2022 19:00 - 5 minutes - 5.5 MBResmed, the sleep apnoea company, has seen its profits soar 64% this year thanks to one of its competitors battling a product recall. Crypto queen Paris Hilton is building her Metaverse Malibu mansion, and it is on a platform named Sandbox. Meta, the legal guardian of Facebook and Insta, is testing a new chatbot named BlenderBot Three, and yes it does sound just like how people on the internet talk. --- Build the financial wellbeing of your team at work with Flux at Work: htt...
Telstra's biggest dividend in 7 years | Disney overtakes Netflix | Spotify enters Ticketmaster's turf
August 11, 2022 19:00 - 5 minutes - 5.39 MBTelstra has decided to give its shareholders a bit more love by lifting its dividend for the first time in SEVEN YEARS (even though profits are down). Disney has sent a big middle finger to Netflix after officially overtaking Netflix for streaming subscribers… and they’ve also got plans to launch a version with ads. Spotify is testing a live music ticketing platform, so best of luck to Ticketmaster and Eventbrite. --- Build the financial wellbeing of your team at work with Fl...
New record: CommBank's $9B profit | InSinkErator sells for $3B | Coinbase's slippery slope
August 10, 2022 19:00 - 5 minutes - 5.44 MBCommBank 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. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/flu...
REA's new record | NAB makes serious bank | SoftBank: we need to slow down
August 09, 2022 19:00 - 5 minutes - 5.48 MBREA Group, the folks behind realestate.com.au, have paid out their biggest final dividend ever thanks to a juicy revenue increase. NAB’ is officially making bank in its latest quarterly earnings and it ain’t even worried about interest rate rises because most of its customers are ahead on their home loans. SoftBank, the gigantic Japan-headquartered investment fund, just lost an enormous pile of cash... and the CEO says, alright, I think it’s time to slow down. --- Build the f...
9Now, 7 Plus actually start winning | BHP rejected by little miner | $1.7B: Amazon buys Roomba
August 08, 2022 19:00 - 5 minutes - 5.34 MB10 Play, 9Now, 7Plus and the other broadcast video on demand platforms became Australia’’s fastest growing ad channel in 2021. BHP wants to buy a South Australian mining company but the company says the offer just ain’t good enough. Amazon just bought the company behind the robot vaccum Roomba for a lazy $1.7bn USD and privacy advocates are a liiiiittle spooked. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the f...
Beyond Meat trims fat on workforce | PayPal, Pinterest stalked by Elliot | ARPA flexes climate muscle
August 07, 2022 19:00 - 5 minutes - 5.38 MBBeyond Meat has cut its revenue outlook and now it plans to trim the fat on its workforce. PayPal and Pinterest both saw their share prices spike last week after an activist hedge fund entered the chat. APRA, the Aussie prudential regulator, reckons a quarter of the companies it regulates do not have any metrics to measure and monitor climate risks. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (A...
Godfreys reigns supreme again | Uber = cashflow positive!? | Usain Bolt's startup disappears
August 04, 2022 19:00 - 5 minutes - 5.29 MBGodfreys, the kings of the humble vacuum, has managed to achieve a revenue rise, despite shrinking its number of stores. Uber just achieved its first cash-flow-positive quarter ever thanks to some record revenue. Usain Bolt’s micro mobility startup - named Bolt - has abruptly disappeared, leaving a trail of scooters in its wake. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly...
Tinder trips big time | Appen cops 69% drop | Shopify's $100m for email marketing
August 03, 2022 19:00 - 5 minutes - 5.48 MBTinder’s latest round of disappointing earnings has caused some pretty hefty changes at the company. Hefty indeed. Appen - the Aussie artificial intelligence company - announced a 69% drop in its earnings for the first half of the year. Shopify has made a $100m strategic investment in Klaviyo, an email automation platform that will see the two giants build one tasty partnership. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwor...
RBA strikes again! | Pinterest pops 20% | Pfizer's new record
August 02, 2022 19:00 - 5 minutes - 5.35 MBThe Reserve Bank of Australia has struck again - they’re officially 4 timers back to back - raising the cash rate by 0.50% this time. Pinterest’s share price has popped 20% because it announced earnings that weren’t as terrible as expected. Pfizer’s making more sales than ever before, 150 years to be precise, and more than half of the sales are because of thanks to its COVID vaccines. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/flu...
Atlassian co-founder's bid rejected | TikTok gets musical | Amazon says goodbye
August 01, 2022 19:00 - 5 minutes - 5.48 MBAtlassian co-founder Scott Farquhar has made a major bid to acquire renewables generator Genex Power.. but they want a larger premium TikTok has applied to trademark TikTok Music, which could see TikTok start to dabble in more than just short-form video Amazon is bidding farewell to Amazon Drive - which joins a long list of other failed projects. Thanks to Natasha Gillezeau, Product Manager at Flux for co-hosting today! --- Build the financial wellbeing of your team at work with F...
F45's muscles are shrinking | Amazon is still the GOAT | Spotify doesn't miss a beat
July 31, 2022 19:00 - 5 minutes - 5.37 MBF45, the Aussie-born fitness chain just announced a disastrous financial update and now they’re cutting 45% of their workforce Amazon just released its second quarter results and it ain't as bad as the cynics were expecting Spotify doesn't miss a beat with its revenue and users surpassing pretty much everyone’s expectations Thanks to Tash from @tashinvests for co-hosting today! --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Do...
Westpac turns from red to green | Meta posts its first revenue decline ever | Shopify goes full savage on its staff
July 28, 2022 19:00 - 5 minutes - 5.45 MBWestpac has announced it will cut down lending to companies in the gas and oil industries by almost a quarter by 2030 Facebook and Instagram’s parent company Meta posted its first revenue decline in history Shopify is laying off 10% of its staff after it admitted it went too hard too soon on the growth of online shopping Thanks to Maddy from You're in Good Company podcast for co-hosting today! --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly...
Myer is back in black | Female-founded health-tech raises big | Alibaba wants new investors
July 27, 2022 19:00 - 5 minutes - 5.39 MBMyer has announced its strongest annual profit since 2017 thanks to its online shopping boom and investors are finally loving them again! Aussie healthcare startup Human has just raised $10m in the biggest seed round ever by an all female founded startup Alibaba, the e-commerce, behemoth, is looking to add a primary listing in Hong Kong to attract Chinese investors Thanks to Sophie from You're in Good Company podcast for co-hosting today! --- Build the financial wellbeing of your ...
Recap: The biggest tech news of 2022 so far
July 26, 2022 19:00 - 5 minutes - 4.76 MBApril 13 2022: Afterpay recorded its first results since its acquisition by Square and it wasn't pretty. February 4 2022: Meta missed its active user target and things are looking even worse for the upcoming quarter - and the news sent shares down 22% April 28 2022: Alphabet, Google and YouTube's parent company, just released its first quarter earnings - and revenue growth slowed around 34%. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fl...
Recap: The biggest M&A deals of 2022 so far
July 25, 2022 19:00 - 5 minutes - 5.5 MBCrypto exchange Swyftx and share trading platform Superhero have announced a surprise merger, which values the combined group at $1.5 billion Microsoft has agreed to buy Activision Blizzard - the company behind cult games like World of Warcraft and Call of Duty Candy Crush for $96 billion Amazon has completed its US$8.5 billion acquisition of MGM - the company behind the James Bond franchise and heaps of other blockbusters --- Build the financial wellbeing of your team at work wit...
Zip tightens its belt | SoundCloud powers Warner Music | Amazon: now a doctor
July 24, 2022 19:00 - 5 minutes - 5.45 MBZip Co is going to start tightening it belt to get itself back in the black - and investors were pretty pleased. SoundCloud is expanding its new ‘fan powered royalties’ model and is partnering with Warner Music in the process. Amazon is buying a big medical company, so now it will be able to help you find a new steam mop AND a doctor. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://...
Netflix buys Aussie studio | Super funds whacked for unlisted valuations | Tesla wins despite Twittergate
July 21, 2022 19:00 - 5 minutes - 5.25 MBNetflix has snapped up the Aussie animation studio behind legendary pieces of cinema like The Lego Movie and Happy Feet. APRA has told super funds they need to get better at assessing and managing the company valuations of unlisted companies (like Canva). Despite what Elon Musk calls 'supply chain hell', Telsa has gone and beaten profit expectations. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (Ap...
Netflix loses 1m | Bubs is booming | KFC's new nugget
July 20, 2022 19:00 - 5 minutes - 5.45 MBNetflix lost more than a million subscribers in the first half of this year, but they’re saying it could have been worse!? Bubs Australia, the baby formula company, has been on fire after lately - they've almost tripled gross revenue compared to the same time last year. KFC is trying out a new kind of chicky nuggie that it thinks will attract the youngins... and keep them hooked for life! --- Give us feedback via email: [email protected] Instagram: http://bit.ly/fluxinsta ...
JB Hi-Fi smashes expectations | Snapchat goes back in time | Now: Shop via IG DMs
July 19, 2022 19:00 - 5 minutes - 5.4 MBGiant Aussie retailer JB Hi-Fi has announced record sales for the last financial year, and has pretty much smashed all the experts’ performance expectations. Snapchat has launched a web version of its app in a ploy to compete with Insta and TikTok - and drive more and more (and more) engagement. Meta (FKA Facebook) has announced a brand new feature on Instagram that will let you shop with small businesses. Directly. Through. Your DMs. --- Instagram: http://bit.ly/fluxinsta T...
ANZ officially adds Suncorp to cart | Amazon's world record Prime Day | Inflation hits Bolt-like pace
July 18, 2022 19:00 - 5 minutes - 5.4 MBANZ has officially added Suncorp’s banking division to its cart... after saying thank u next to MYOB. Amazon had its biggest Prime Day ever last week and reckons live shopping is part of its secret sauce. Inflation in the US hit 9.1% and NZ over 7% in June, which means inflation is growing at its fastest rate in more than 30 years. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit...
ANZ Bank = shopaholic | Spotify replicates NYT | Shein's WTF IPO
July 17, 2022 19:00 - 5 minutes - 5.44 MBANZ Bank is entering shopaholic territory as it looks to acquire both MYOB AND Suncorp’s banking arm. Spotify’s done a New York Times and bought Heardle - the musical version of Wordle for a 7-figure-sum. Shein, the fast fashion giant with a reputation for fast-fast-fast fashion is planning an IPO in by 2024… but the jury is still out. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http:/...
Netflix to turn on ads | ASIC closes down trading platform | BWM's warm seat subscription
July 14, 2022 19:00 - 5 minutes - 5.48 MBNetflix is going live with its ad-supported streaming service sooner than expected - all thanks to a new partnership with Microsoft. Trade360, an investment trading platform promoted by former Australian cricket captain Steve Smith, has been closed down by ASIC. BMW is embracing the subscription game - now selling heated seat subscriptions for $18 a month. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxatwork Download the free a...
Bed time for Snooze sale | 5m: YouTube TV thriving | Uber caught red handed
July 13, 2022 19:00 - 5 minutes - 5.38 MBThe owners of Snooze, formerly known as Capt’n Snooze, has announced their potential sale will go into nap mode because they haven’t found a buyer. YouTube TV, YouTube’s live cable streaming bundle, just hit a cool 5 million subscribers and YouTube reckons it's just getting started. Uber’s been caught red handed engaging in some questionable practices from its wild years - thanks to a huge document leak. --- Build the financial wellbeing of your team at work with Flux at Work...
Icy crypto winter for Aus | Virgin's Galactic Boeing deal | Activist v Miner down under
July 12, 2022 19:00 - 5 minutes - 5.26 MBAussie crypto app downloads have taken a massive dive as Aussies brace for an icy crypto winter. Virgin Galactic, the world’s first commercial space line, has inked a deal with Boeing to build more ‘motherships’ to take more of us to space! J Capital Research, the activist short seller, has fired shots at a Lake Resources’ new lithium miner - calling the project is a bit of a joke. --- Build the financial wellbeing of your team at work with Flux at Work: https://bit.ly/fluxat...
Hungry Jack's takes on McCafe with $20m | Musk pulls out of Twitter deal | Laser Clinics Aus owner buys out its franchisees
July 11, 2022 19:00 - 5 minutes - 5.45 MBHungry Jack's has announced it is ploughing $20 million in a new cafe arm to take on Maccas in the cafe game. Twitter is going to take Elon Musk to court after he announced plans to walk away from his offer to buy Twitter. The private equity giant behind Laser Clinics Australia, the massive cosmetic clinic chain, has bought out dozens of its franchisees after facing a heap of franchisee unrest. --- Build the financial wellbeing of your team at work with Flux at Work: https://...
Zip Co(de) red | Stranger Things franchise is here | Coke's secret coal royalties
July 10, 2022 19:00 - 5 minutes - 5.46 MBZip Co’s shares have taken another dive after investment experts announced that their customer bad debt levels are expected to rise. Netflix has given the green light to a Stranger Things spin-off series to help it build its first big entertainment franchise. Coca-Cola has been keeping some verrrry lucrative secret coal royalties on the books, but now it looks like it wants to flog ‘em. --- Build the financial health of your team at work with Flux at Work: https://bit.ly/flux...
Australia's first Islamic bank | $400M for green commodities | Spooky: Oil price drops
July 07, 2022 19:00 - 5 minutes - 5.44 MBIslamic Bank Australia has become Australia’s first Sharia-law-compliant bank after the banking regulators granted the company a restricted banking licence. Xpansiv - a half-Aussie global environmental commodities exchange - just received $400 million USD from one of the largest private equity firms in the world. Oil prices have dropped below US$100 a barrel for the first time in nearly two months - as investors get a ‘lil spooked about the possibility of a recession. --- Bui...
Sneakerboy's demise | Tesla loses its crown | Minions TikTok mayhem
July 06, 2022 19:00 - 5 minutes - 5.46 MBSneakerboy, the boujee sneaker company, has sunk deep into administration. BYD - a Chinese company backed by Warren Buffett - has officially snatched Tesla’s crown after it sold more EVs than Tesla in the first half of this year. The new Minions movie has broken box office records in Australia and the US, and its largely thanks to a hilarious TikTok trend. --- Daily newsletter: https://bit.ly/fluxnewsletter Build the financial health of your team at work with Flux at Work: h...
RBA lifts rates by 0.5% | ACCC fights scammers | Employees cheat ethics exam
July 05, 2022 19:00 - 5 minutes - 5.48 MBThe RBA has raised the cash rate by another 0.5% to 1.35% - and the RBA has warned that even more rate hikes are on the horizon. The ACCC, Australia’s competition watchdog, is urging the big banks to adopt new measures to protect customers against scammers. EY, the global accounting and consulting firm, has admitted that some of its audit employees cheated on the ethics portion of a key accounting exam. --- Build the financial health of your team members at work with Flux at ...
Aussie TikTok data under scrutiny | Aussie debt collector goes bust | Meta cuts its own wallet
July 04, 2022 19:00 - 5 minutes - 5.5 MBTikTok Australia’s user data is under some serious scrutiny after a Liberal senator asked to see just how secure our data really is. Collection House, one of Australia’s biggest debt collection agencies, has just tumbled into administration. Meta, formerly known as Facebook, is shutting down the pilot for its digital wallet, Novi, and its asking users to withdraw their funds ASAP. --- Build the financial health of your team members at work with Flux at Work: https://bit.ly/fl...
$450m deal: Seven sues Cricket Aus | Apple & petrol from your car | AusSuper's $1 trillion goal
July 03, 2022 19:00 - 5 minutes - 5.41 MBSeven West Media is looking to can its $450 million mega-deal with Cricket Australia over a contract breach. Apple is looking at new ways to reinvent the car experience - starting with potentially buying petrol from your car dashboard. AustralianSuper says the total of its members’ funds could reach $1 trillion in less than 20 years - which would make it one of the world’s biggest pension funds. --- Build the financial health of your team members at work with Flux at Work: ht...