Bite-sized business news from Australia and around the world
BMW hit the brakes on its profit outlook as China weakness and global pressures push margins to worrying lows.
Home insurance premiums are set to keep surging as rising rebuild costs and more natural disasters make cover increasingly expensive.
Glue Store has officially shut its doors after years of losses… becoming the latest retailer squeezed by Australia’s brutal retail climate.
Snap is betting big on AR again with its new $2,200 Specs… but investors aren’t sold on the smart glasses dream just yet.
ARN is paying Kyle Sandilands $12 million to settle their legal dispute… but it may still profit from his next chapter.
The government has backflipped on parts of its controversial CGT overhaul… but share and crypto investors are still in the firing line.
Grill'd is being sued by the ACCC over its Tree Day promo, with claims donations were massively overstated.
Frasers has launched a hostile takeover of Accent Group, offering zero premium and betting frustrated shareholders will sell anyway.
After three brutal rate hikes, the Reserve Bank of Australia is taking a breather at 4.35% to see if inflation finally taps out.
Mondelez lifts revenue and profit in Australia, but rising costs and weak productivity threaten future margins despite strong Cadbury demand.
SpaceX lists at $1.77T in the biggest IPO ever, but its real demand surge may come from forced index buying.
Super Retail Group plans to expand past 900 stores, targeting regional Australia in a defensive move to lock out rivals early.
Bending Spoons is targeting a $20B Nasdaq IPO after turning forgotten internet brands into a fast-growing profitable business.
Kmart is launching K Home to enter Australia’s $19B furniture market and challenge giants like IKEA with a showroom model.
Sigma is eyeing a $14B Boots takeover, but investors are wary of funding risks and whether Chemist Warehouse's model will translate.
Prada is designing astronaut gear for NASA, using space exploration to boost its relevance with a new generation of consumers.
Universal Music is raising €1 billion in debt after rejecting Bill Ackman's takeover bid and buying out his stake.
KPMG faces fresh scrutiny after allegations confidential audit information was used to win business from major clients.
Victoria's Secret shares jumped 50% after stronger sales and a return to the brand identity that made it a global icon.
Hasbro is turning iconic characters into AI-powered assets, allowing businesses to license voices like Optimus Prime and Peppa Pig.
David Jones reported a $95M loss six months late, risking an ASIC fine while highlighting signs of a business turnaround.
WiseTech laid off workers as part of its AI push, then restricted some from joining competing software companies.
Anthropic has filed for a $965 billion IPO, beating OpenAI to market and setting the benchmark for AI stocks.
Nine and Foxtel are battling for the NRL's next media deal... but Australia's anti-siphoning laws could shape the winner.
Temu has been fined €200 million by EU regulators, highlighting growing pressure on platforms to police their marketplaces.
The Enhanced Games promised superhuman performances, but a disastrous debut left investors questioning the entire business model.
Uber Eats is facing ACCC scrutiny over exclusive deals with major brands, raising questions about competition in delivery.
Oreo and BTS are launching a purple hotteok-inspired cookie as Mondelez bets big on K-pop’s global influence.
FIFA is under investigation after claims it exaggerated World Cup ticket demand to justify sky-high prices.
Endeavour is slashing wine production and selling wineries as it pivots toward a more asset-light strategy.
Ferrari has launched its first EV, betting it can win new buyers without losing its loyal petrol-head fans.
SpaceX is opening its record IPO to Australian retail investors as Musk bets on everyday shareholders.
NAB is hiring 1,000 staff in India and Vietnam as it prioritises workforce flexibility over lower labour costs.
Oura has filed for an IPO as its subscription-powered health business races toward $2 billion in sales.
Singtel is looking for an investor in Optus as it seeks capital and support after a difficult few years.
GYG shut its Chicago stores and exited the US, with investors sending shares sharply higher.
James Murdoch just bought key Vox Media assets, making a major play for podcasts and digital media.
Banks quickly raised loan rates after RBA hikes, but many savers are missing out on the full benefits.
Webjet shares hit record lows as weaker travel demand and commission cuts put pressure on earnings.
Everlane’s sale to Shein has sparked backlash as customers question whether the brand abandoned its values.
Birkenstock shares are sliding as weaker growth raises doubts over its premium brand status.
Tuas shares crashed after spectrum licence concerns put its $1.5 billion merger deal in serious doubt.
On beat expectations with strong sales growth, but slowing US momentum shifted focus to its Zendaya push.
Temple & Webster cut earnings guidance as weak consumer spending and a pullback in discounts hit growth.
Zip lost a long-running trademark fight and must rebrand in Australia, ending years of built-up brand value.
CNN launched a weather app as it pushes beyond cable news and tries to build stronger digital habits with audiences.
Xero grew revenue sharply, but profits dropped as its costly US expansion and AI fears weighed on investors.
CommBank lost $30B in value as weak loan data and property tax reforms rattled confidence in Australia’s banks.
Dua Lipa is suing Samsung for allegedly using her image on TV packaging without approval, claiming brand and copyright harm.
CSL shocked investors with a profit downgrade and $5B Vifor write-down, sending shares sharply lower.
Australia’s Budget overhauls property tax rules, reshaping investor incentives and sparking debate on housing and rents.
Australians spent $14.5B on Uber last year, but after billions in internal fees, Uber Australia made just $8.7M profit.
Google is shutting down Fitbit’s app and replacing it with an AI-powered health coach as Big Tech races into longevity.
Macquarie’s profit surged 30% as Europe’s gas crisis turned its energy trading business into a multi-billion-dollar windfall.
Tinder sees its first user growth since 2024 as new Gen Z-focused features help reverse years of dating app fatigue.
GameStop shocks markets with a $55.5B bid for eBay, but shares fall as investors question how the deal would even be funded.
JB Hi-Fi posts solid sales growth despite retail pressure, but AI-driven chip demand is pushing laptop prices up sharply.
Duolingo beat earnings but warned of slower growth as it invests in AI features, sending shares down 11%.
Chemist Warehouse is entering the UK by buying into a loss-making chain, using a brand licensing strategy to expand faster.
The RBA hiked rates to 4.35% for a third straight meeting as inflation forecasts rise, bucking the global pause trend.
Nine is overhauling its newsroom, cutting tech platforms and roles as it adapts to falling TV audiences and digital competition.
LIV Golf faces an uncertain future as its Saudi backer plans to pull funding, exposing its heavy reliance on one investor.
ANZ beat profit expectations, but slipping home loan market share kept investors cautious and shares barely moved.
Alphabet posted $107bn in quarterly revenue as AI boosted Cloud growth and helped keep Google Search highly relevant.
Bega says booming yoghurt demand, fuelled by TikTok wellness trends, could help lift profits nearly 40% by 2031.
Woolworths cut its profit outlook as costs rise, choosing to freeze prices on 300 staples to win back shopper loyalty.
Adidas turned a record London Marathon run into global marketing gold as demand for its new supershoe surged.
Amazon’s Australian sales surged, but its biggest wins now come from fees, ads and shoppers paying for convenience.
Google and Meta booked billions through Australia, but clever offshore structures kept local tax bills surprisingly low.
SpaceX is weighing a $10B–$60B Cursor deal, testing AI coding software before deciding on a full acquisition.
Warner Bros backed Paramount’s $110B bid, but Hollywood backlash and regulatory hurdles still threaten the mega deal.
Microsoft is spending $25B on Australian data centres while pitching jobs, skills and sustainability to win public support.
Adobe launches $25B buyback as AI fears hit its stock, using strong cash flow to back confidence and offset dilution.
Intrepid buys French rival Altai to fast-track global growth, adding customers and revenue on its path to $1B bookings.
Cochlear shares plunge after profit downgrade, as demand slows with implants still seen as a delayable expense.
Apple CEO Tim Cook steps down after 14 years, with long-time exec John Ternus taking over in a stable, carefully planned transition.
Mecca hits $1.43B revenue as immersive in-store experiences drive growth, doubling rival Myer and redefining beauty retail.
NAB lifts bad debt provisions to $706M and adds a buffer as rising costs and falling confidence pressure business borrowers.
Amazon buys Globalstar for $11.6B to boost satellite internet and bet big on phone-to-satellite connectivity by 2028.
Gucci sales slump pushes Kering into AI eyewear with Google, betting on tech to win back younger, trend-shifting consumers.
Zip Co rebounds with upgraded earnings and strong US growth, proving profitable expansion is back in focus for BNPL players.
Allbirds plunges from $4B to $39M, then pivots to AI — sending shares soaring 600% in a hype-fuelled rebound.
Uber is investing $10B into robotaxis, shifting from asset-light to asset-heavy to compete in the autonomous vehicle race.
Qantas and Virgin cut flights and raise fares as soaring fuel costs squeeze margins and make low-demand routes unprofitable.
Coachella drives $600M+ locally while evolving into a content and marketing machine for brands, creators, and influencers.
IKEA cuts its 365-day returns to 60 days as rising costs and customer behaviour turn generous policies into a margin problem.
MCoBeauty’s dupe strategy faces a legal test as Sol de Janeiro sues, claiming copycat products are cashing in on its brand.
Anthropic withholds its powerful Mythos AI model from the public, giving select giants access to stay ahead in the cybersecurity arms race.
Uniqlo lifts profit outlook after a 30% earnings jump, with global growth and a weaker yen quietly boosting performance.
SPC canned goods sales jump 20% as shoppers stockpile ahead of price hikes driven by oil shocks and supply chain disruptions.
Levi’s beats tariffs with 14% growth, boosted by Gen Z demand and a surprise pop culture moment driving 517 jeans sales.
AustralianSuper cuts $1B from its ESG fund as stricter rules bite and “ethical investing” faces growing scrutiny.
Canva snaps up two more startups, taking its AI buying spree to eight deals as it reshapes its story ahead of a potential IPO.
OpenAI, Google and Anthropic join forces to combat AI model copying, as distillation concerns spark both commercial and security fears.
SafetyCulture acquires AI startup Twine as it ramps up dealmaking to stay competitive in a rapidly evolving AI landscape.
NextDC locks in a $1B 100-year bond to fund AI-driven expansion, as investors back long-term bets on data centre demand.
Shein offers Aussie brands its supply chain as a service, trading speed and scale for potential risks to quality and control.
Canva posts a $242M loss despite strong growth, as $350M in share-based pay boosts cash flow but drags down accounting profit.
