What the Flux
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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.
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David Jones faces ASIC fine | Hasbro sells its characters' voices | Victoria’s Secret's angelic results
David Jones lost more than $95 million in 2025… and is being investigated for being six months late to report it.
Hasbro, the mega toy company h...
Foxtel battling Nine for NRL takeover | Anthropic's $1.3 trillion IPO ambition | WiseTech cuts staff... then blocks them
Foxtel is making a $4 billion power play to kick Nine off the NRL.. and it's shopping for a free-to-air mate to make it happen.
Anthropic has co...
ACCC investigates Uber Eats | Enhanced Games fails the hype test | Temu hit with €200 million fine
The ACCC has opened a preliminary investigation into Uber Eats after claims of anti-competitive deals.
The Enhanced Games has suffered 70% fall...
Endeavour’s exits wineries after a big hangover | FIFA’s ticketing scandal | Oreo teams up with BTS
Endeavour Group, the owner of Dan Murphy, is selling off its wineries and axing 80% of its grape production.
FIFA is being investigated for sell...
NAB shifts jobs offshore | Aussie investors to join SpaceX | Ferrari's awkward EV launch
NAB is cutting jobs in Australia… while hiring up to 1000 new staff in India and Vietnam.
SpaceX has added an Australian retail investment platf...
GYG's US burrito unravels | Optus = For sale | Oura rings the IPO bell
Guzman y Gomez has shut its eight Chicago stores and abandoned its US expansion…and its share price skyrocketed on the news.
Singtel has not-so-...
Webjet hits a new low | The Big 4 banks' double standards | Murdoch acquires Vox Media
Webjet’s shares have nosedived to record lows ... .after its travel bookings have ground to a halt.
Australia's major banks are hiking home loan...
ASX200 telco falls 63% on merger news | Birkenstock's luxury slip | Ethical Everlane joins Shein
ASX-listed Tuas has seen its shares fall 63% after Singapore's regulator warned that its $1.5 billion merger is on the ropes.
Birkenstocks are f...
Zip Co forced to change its name | Temple & Webster pulls back discounts | On x Zendaya
Zip Co has lost a decade-long High Court battle over its own name and will be forced to rebrand its entire Australian business.
Temple & Webster...
CBA's historic single-day fall | Xero's US bet backfires | CNN's new weather play
CommBank’s shares have seen their biggest single-day fall in history earlier this week after wiping $30 billion from its market value.
Xero's re...
Big Fed budget moves | CSL’s $10 billion headache | Dua Lipa is suing Samsung
The Labor government has handed down its 2026 Federal Budget… and it includes the biggest overhaul to Australia's property tax system in 25 year.
Macquarie profits from oil shock | Google replaces Fitbit just 5 years after acquisition | Uber Australia rides its profits overseas
Macquarie has posted a $4.85 billion annual profit… up 30%... after it turned the Iran oil shock into one of the biggest windfalls in the bank's histo...
JB Hi Fi's big, costly warning | GameStop's bold plan to acquire eBay | Gen Z women revive Tinder
JB Hi Fi’s sales rose 4% last quarter… but it’s warned that its laptops are facing major price hikes.
GameStop’s share price has fallen 10% afte...
RBA hikes rates to a decade-high | Chemist Warehouse heads to the UK | Duolingo loses its winning streak
The Reserve Bank has hiked rates for the third consecutive meeting to 4.35%...and this is the highest cash rate in over a decade.
Chemist Wareho...
ANZ profit rises but shares stall | LIV on edge of bankruptcy after Saudi retreat | Nine rebuilds for streaming wars
ANZ announced a 6% jump in half-year profit to $3.8 billion but its shares barely moved on the results.
LIV Golf is months away from bankruptcy...
Woolworths cuts 2026 profit forecast | Bega Group's TikTok luck | Alphabet smashes as Google Search holds
Woolworths has cut its 2026 profit forecast…despite sales rising 5.9% last quarter.
Bega Group is churning out yoghurt in record numbers… and it...
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...