Business News

Bite-sized business news from Australia and around the world

Cettire’s fashion empire is fraying fast as its market cap goes from $1.8 billion to under $120 million... and investors are not buying the look

Cettire’s share price has plunged 85% in 2024 as revenue stalls, users drop, and deep discounting fails to revive its once-billion-dollar fashion empire.

Flux team
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1
min read
· Posted on
June 13, 2025

Cochlear’s shares are down after whisper-quiet profit growth, but its new bionic ear could be the comeback track

Cochlear’s profit growth has stalled due to margin pressure in emerging markets, but a high-tech new implant could turn things around in FY26.

Flux team
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1
min read
· Posted on
June 13, 2025

Jetstar Asia has been grounded for good after two decades in the air...and only six profitable years

Jetstar Asia is shutting down after 20 years and only six profitable ones, as rising costs and fierce local competition make the business unsustainable.

Flux team
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1
min read
· Posted on
June 13, 2025

Warner Bros Discovery splits its business to save its storyline...and this corporate breakup has more drama than Euphoria

Warner Bros Discovery has now announced it’s splitting into two separate publicly listed companies.

Flux team
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1
min read
· Posted on
June 11, 2025

Apple gives us futuristic names and polished screens...just not the smarter Siri it promised

Apple promised some big big improvements to the AI in iPhones but despite the big build-up, Apple’s AI-powered Siri still isn’t ready.

Flux team
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1
min read
· Posted on
June 11, 2025

Afterpay graduates from rebellious teen to rule-following adult as it's forced to comply with new credit laws on all buy now pay later companies in Australia

All buy now pay later providers in Australia will need to start collecting income and expense info on applications — and that includes Afterpay.

Flux team
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1
min read
· Posted on
June 11, 2025

Musk’s is putting $300 million of xAI's shares up for grabs...and now we find out if anyone actually wants a slice of the $113 billion pie

Musk is launching a $300 million secondary share sale for xAI which means xAI employees can cash out by selling their shares to fresh investors.

Flux team
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1
min read
· Posted on
June 6, 2025

ASIC comes after RAMS Home Loans after its liar loans turned customers from Interns into six-figure-Execs with just a keystroke

ASIC is now suing RAMS for systemic misconduct between 2019 and 2023.

Flux team
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1
min read
· Posted on
June 6, 2025

Mecca is all glow and no filter after hitting breaking through the billion dollar barrier

Mecca has just reported record revenue of $1.2 billion for 2023 up from $971 million in 2022.

Flux team
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1
min read
· Posted on
June 6, 2025

McKinsey & Company has cut 10% of workforce since 2022 thanks to its new employee Lilli who doesn't take coffee breaks and doesn't ask for a pay rise

McKinsey has a new employee and developed an in-house AI assistance called Lilli.

Flux team
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1
min read
· Posted on
June 4, 2025

Treasury Wine's US dreams hit a sour note as its key Californian distributor, worth 10% of global sales, pulls the plug

Treasury’s key distributor in California, the biggest wine state in the US, is pulling out completely.

Flux team
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1
min read
· Posted on
June 4, 2025

IDP Education tanks 48% in a day, and short sellers are booking graduation trips with the profits

IDP has announced its earnings would drop by around 30% in FY25 and this was due to stricter migration policies globally.

Flux team
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1
min read
· Posted on
June 4, 2025

The Times are a-changin' as The New York Times signs an AI deal...but not with its sworn enemy OpenAI

The New York Times has signed its first AI deal with Amazon.

Flux team
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1
min read
· Posted on
June 2, 2025

Glencore shifts $30 billion worth of rocks to Australia... because coal supposedly gets hotter valuations down under.

Glencore has transferred $30 billion worth of its mining assets into an Australian subsidiary.

Flux team
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1
min read
· Posted on
June 2, 2025

Virgin staff offered $3,000 in shares if they stick around for the next flight - the big IPO

Virgin Australia’s CEO has told its 8,000 staff that they could all receive $3,000 worth of Virgin shares pre-IPO-listing.

Flux team
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1
min read
· Posted on
June 2, 2025

Nvidia's first-mover advantage pays off big as it forecasts $70 billion USD this quarter after scoring itself 90% market share of the AI chip pie

Nvidia is forecasting $70 billion USD for the quarter, which was above investor expectations.

Flux team
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1
min read
· Posted on
May 30, 2025

Hailey Bieber sells her beauty brand Rhode to e.l.f for $1 billion USD... and that is a very glossy finish

E.l.f. is dropping $1 billion USD to buy Rhode as a way into the luxury beauty market.

Flux team
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1
min read
· Posted on
May 30, 2025

WebBeds grows its bookings 20% while its rivals hit turbulence... and that's what we call a post-breakup glow-up

WebBeds’s post-split glow-up is real after its total transaction volume jumped more than 20% to $4.9 billion for the year to March 31st.

Flux team
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1
min read
· Posted on
May 30, 2025

Arnott’s Tim Tams just hit 41% market share and now they're eyeing world domination one Tim Tam Slam at a time

Arnott’s has announced plans for international domination with its trusty Tim Tams.

Flux team
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1
min read
· Posted on
May 28, 2025

Australia's second largest hospital group, Healthscope just flatlined under $1.4 billion in debt - turns out private equity and healthcare don’t mix that well.

Healthscope has gone into receivership as it struggled to keep its finances afloat.

Flux team
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1
min read
· Posted on
May 28, 2025

WiseTech’s biggest acquisition ever comes with $3 billion in debt and serious side-eye from investors who want it to focus on its own backyard first

WiseTech has made its biggest acquisition of all time and acquired a US-publicly-listed supply chain management company called E2open.

Flux team
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1
min read
· Posted on
May 28, 2025

OpenAI just blew $6.5 billion on a startup that hasn’t launched a product yet... but it's a small price to pay for the potential of the future Ai-Phone

OpenAI will acquire io in a $6.5 billion USD all-stock deal.

Flux team
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1
min read
· Posted on
May 26, 2025

Kmart plans to grow from $10 billion to $20 billion in sales by selling a whole lot more Anko airfryers... and deep-frying its competition as well

Kmart announced grand plans to double Kmart’s sales to $20 billion in 10 years.

Flux team
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1
min read
· Posted on
May 26, 2025

Myer’s new era is off to a wonky start after a 3.9% dip in its new brands' sales and $12 million down the drain

Just 16 weeks into the year after the merger, Myer's store sales were up just 1.9%, but Apparel Brands saw their revenue fall 3.9%.

Flux team
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1
min read
· Posted on
May 26, 2025

Bitcoin breaks $110,000 USD and is now worth more than Amazon and Google - not bad for a currency with no CEO and an unclear origin story

After series of ups and downs, Bitcoin has hit its all-time high of $110,000 USD.

Flux team
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1
min read
· Posted on
May 23, 2025

Contraception maker Mayne Pharma might need its own protection after its buyer Cosette tries to renege on its $672 million takeover offer

Cosette’s trying to walk away from the Mayne Pharma deal, claiming there’s been a “material adverse change” since their offer.

Flux team
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1
min read
· Posted on
May 23, 2025

Westpac announces plans to cut 1 in 20 employees as part of its mass-layoffs 'business simplification program' called UNITE

Westpac’s new CEO has announced plans to cut another 5% of the workforce, which is about 1,700 jobs across the bank.

Flux team
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1
min read
· Posted on
May 23, 2025

Netflix buys the rights to Sesame Street after HBO cuts its partnership...and Big Bird just got a big new gig

Netflix will now stream the upcoming 56th season of Sesame Street as well a library of its classic episodes.

Flux team
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1
min read
· Posted on
May 21, 2025

Monash IVF’s profits are down 11% and its share price slides even more after its claim that an embryo mix up wasn't "material" news

Monash IVF warned that after the embryo mix-up, they expect their profits to drop by more than 11% to $27.5 million.

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1
min read
· Posted on
May 21, 2025

RBA cuts rates by 0.25%… but slow productivity and low unemployment is killing the party-vibes

RBA came, saw and conquered with a cash rate cut of 0.25% which cuts the cash rate down to 3.85%.

Flux team
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1
min read
· Posted on
May 21, 2025

Warner Bros revives HBO Max branding after Max flopped harder than a forgotten spin-off

Warner Bros Discovery has announced plans to reverse the decision as it plans to go back to its HBO Max roots.

Flux team
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1
min read
· Posted on
May 19, 2025

Burberry drops to a £75 million loss and trims 1,700 jobs... and that’s what you call a seasonal cut

Burberry is pulling out the shears as it plans to cut 1,700 jobs globally, which is nearly a fifth of its workforce.

Flux team
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1
min read
· Posted on
May 19, 2025

Xero lifts profit by 30% after hiking prices - because nothing says product stickiness like a customer too tired to switch accounting software

Xero has trumpeted its revenue for the full-year ended in March with its revenue increasing by 23% to $1.9 billion.

Flux team
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1
min read
· Posted on
May 19, 2025

AirBnB announces a fully-redesigned app as it plans to become your chef, wellness coach and nail salon beautician

Airbnb has launched a redesigned app so it’s less accommodation and more of an everything-travel-app.

Flux team
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1
min read
· Posted on
May 16, 2025

Stock trading platform eToro debuts on the Nasdaq with a 42% in shares... and now you can buy into the eToro hype… on eToro

eToro listed on the Nasdaq and its shares were priced at $52 but jumped to over $74 — a 42% intra-day gain.

Flux team
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1
min read
· Posted on
May 16, 2025

CommBank pockets $2.6 billion and proves going direct beats broker commissions any day

CommBank announced a $2.6 billion cash profit — and that’s a 6% rise on the previous quarter.

Flux team
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1
min read
· Posted on
May 16, 2025

Fox launches new streamer ‘Fox One’ because Fox & Friends can’t stop the rise of the cord-cutters

Fox Corp has announced plans to launch a new streaming service called Fox One to compete against the big dogs of streaming.

Flux team
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1
min read
· Posted on
May 14, 2025

Life360’s shares rises 25% because in 2025 parenting means subscriptions and surveillance

Life360's revenue jumped over 32% for the March quarter and its paying subscribers grew 43% as well.

Flux team
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1
min read
· Posted on
May 14, 2025

Woolworths is slashing grocery prices by 10% in a $100 million bid to stop Coles from eating its lunch

Woolworths' CEO has announced plans to cut prices across nearly 400 products at an average of 10% reduction.

Flux team
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1
min read
· Posted on
May 14, 2025

News Corp sees its growth in digital... but its tabloids need to get with The Times (literally)

News Corp has announced its quarterly revenue came in at just over $2 billion, which was ever-so-slightly up on the same time last year.

Flux team
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1
min read
· Posted on
May 12, 2025

Disney’s revenue smashed investor expectations... so forget magic carpets, its revenue is what’s really flying high this quarter

Disney’s second quarter results came in at $23.6 billion USD, which beat forecasts by $600 million USD.

Flux team
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1
min read
· Posted on
May 12, 2025

Domain gets a new boo and a $2.8 billion-dollar glow-up as Realestate.com.au readies itself for a renewed competitor

Domain’s majority shareholder Nine Entertainment has backed the CoStar deal, which was at a 42% premium to Domain’s share price before the proposal.

Flux team
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1
min read
· Posted on
May 12, 2025

Google’s market value dropped $150 billion because Apple might use its own AI tools as the default search engine on Safari

Apple is actively exploring ways to reshape Safari, which would replace Google as the default search engine.

Flux team
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1
min read
· Posted on
May 9, 2025

Tabcorp launches a new in-play betting feature that makes dingey TAB venues a new hotspot... and its share price spiked more than 10%  

Tabcorp’s new CEO, Gillon McLachlan, the former AFL boss, has just announced the launch of new in-play betting product in the TAB app.

Flux team
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1
min read
· Posted on
May 9, 2025

JB Hi-Fi’s quarterly sales grew 6.5% because expensive tech products are the toxic relationship that Aussies aren't leaving

JB released its latest quarter results, where it still managed to find growth in a tough retail market.

Flux team
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1
min read
· Posted on
May 9, 2025

Netflix just pulled a Money Heist on the ATO after it made $1.3 billion and vanished with 93% of it

Netflix Australia generated $1.3 billion in local revenue in 2024 but, it posted a teeny tiny profit of just over $23 million profit in Australia.

Flux team
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1
min read
· Posted on
May 7, 2025

The ultimate servo showdown might end in a love story as Shell is flirting with a potential takeover of BP

Shell is reportedly chatting with advisers about whether to make a bid for BP.

Flux team
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1
min read
· Posted on
May 7, 2025

Westpac suffers a small dip in profit but its new CEO is all about expanding teams and cross-selling dreams

Westpac’s new CEO wants to double down on some of its areas for even more growth.

Flux team
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1
min read
· Posted on
May 7, 2025

Amazon delivers $155 billion in revenue but Trump’s 145% tariffs on China still ruin the positive vibes

Amazon reported quarterly revenue of more than $155 billion USD which beat investor expectations.

Flux team
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1
min read
· Posted on
May 5, 2025

McDonald's warns of a decline in same-store sales... and sadly there's a McFlurry of bad news under the golden arches

McDonald’s has reported a 3.6% dip in same-store sales — its worst sales drop since the 2020 lockdowns.

Flux team
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1
min read
· Posted on
May 5, 2025

Atlassian announces its AI product will go free and investors say "that'll cost ya $15 billion USD"

Atlassian announced plans to make its AI tool Rovo a free feature and investors aren't too happy.

Flux team
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1
min read
· Posted on
May 5, 2025

Visa’s new AI collab means your only job will be watching your money spend itself

Visa plans to roll out “Intelligent Commerce”, partnering with leading AI platforms like OpenAI, Microsoft, and Samsung.

Flux team
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1
min read
· Posted on
May 2, 2025

Pet Circle fetches $400 million in sales, but its profit is still playing dead as it bets on a new pharmacy and insurance pawlicies

While Pet Circle's sales went up, profits did the opposite with its losses jumping over $26 million.

Flux team
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1
min read
· Posted on
May 2, 2025

Coles pops the champers as more shoppers ditch Woolies for their bougie biscuits and cheeses

Coles’ supermarkets has seen its sales jump to $9.4 billion in the most recent quarter — a 4.7% on the same time last year (excluding tobacco).

Flux team
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1
min read
· Posted on
May 2, 2025

Facebook Australia earns billions in Australia… and then Irish-exits the tax bill

Facebook’s Australian revenue for 2024 has been released, jumping from $110 million in 2024 to $1.46 billion.

Flux team
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1
min read
· Posted on
April 30, 2025

Aussies cop streaming ads to keep the shows coming... so we may be broke, but we won't stop bingeing

Reports have shown that ad-supported streaming services are in 30% of households — nearly a 150% jump in ad-supported tiers in Australia.

Flux team
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1
min read
· Posted on
April 30, 2025

Flight Centre feels the chill from frosty US travel vibes as it goes from ‘lowest airfares’ to lower profits

Flight Centre has officially ditched its profit guidance that it previously shared with the market.

Flux team
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1
min read
· Posted on
April 30, 2025

Move over Google, ChatGPT wants your Chrome... and quite possibly your throne too

OpenAI is keen to buy Chrome if the court forced Google to sell.

Flux team
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1
min read
· Posted on
April 28, 2025

Elon Musk is shifting his focus back to Tesla after its profits plunged 71% - so I guess you could say the DOGE days are over

Elon Musk will be stepping back from the US government's DOGE.

Flux team
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1
min read
· Posted on
April 28, 2025

Luxury goes on sale as Cettire's share price falls 25% after its first quarterly loss in over three years

Cettire has reported a real ugly quarter after its sales landed at $260 million.

Flux team
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1
min read
· Posted on
April 28, 2025

ARN faces another mic-drop-moment after its daytime host on CADA turns out to be an AI bot that spins real good tunes

ARN is in the spotlight once again after having admitted to using AI (Thy) and host their digital hip-hop station CADA.

Flux team
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1
min read
· Posted on
April 23, 2025

Google’s search for power has gone too far after a US Judge says it has an illegal monopoly over the whole ad-tech game

A US Federal Judge has found that Google also used its dominance to squeeze out ad rivals.

Flux team
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1
min read
· Posted on
April 23, 2025

Shein Australia breaks through the $1 billion revenue barrier as more than 42% of their customers find themselves impulse buying multiple times a year

Shein has announced that its Australian revenue in 2024 jumped to $1.23 billion.

Flux team
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1
min read
· Posted on
April 23, 2025

Apple gets a Presidential pass while everyone else pays up and Your iPhone price tag lives to swipe another day

Donald Trump has announced consumer electronics are exempt from the tariff hike - that includes iPhones, iPads, Macs, Apple Watches and AirTags.

Flux team
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1
min read
· Posted on
April 16, 2025

Versace says "ciao" to Capri Holdings and buongiorno to Prada as it looks to reverse its beige makeover

Versace is coming back to Italian soil after being acquired by luxury-brand Prada for $1.38 billion USD.

Flux team
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1
min read
· Posted on
April 16, 2025

Bunnings revs its engines for a new market as it shifts from from sausage sizzles to steering fluid

Bunnings is trialling a new range of 400 car products as part of their plan to diversify away from just tools and timber.

Flux team
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1
min read
· Posted on
April 16, 2025

Canva just crashed the office party and Microsoft’s spreadsheets are spiralling with #REF

Canva just announced that it is launching a new rival to Excel spreadsheet.

Flux team
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1
min read
· Posted on
April 14, 2025

Trump backs down on his 'reciprocal' tariffs after the bond market yells louder than his capitalised tweets

Trump paused the “reciprocal tariffs” for 90 days and will only be sticking with the 10% baseline tariffs for now (except China).

Flux team
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1
min read
· Posted on
April 14, 2025

Virgin Australia hits unexpected turbulence as its $3.4 million customer-refund-storm clouds its relaunch onto the ASX

Virgin Australia has revealed it overcharged 61,000 customers when passengers made changes to their bookings between April 2020 and March 2025.

Flux team
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1
min read
· Posted on
April 14, 2025

Berkshire Hathaway's shares skyrocket as the market plummets because cash is king and Warren Buffett’s wearing the crown

Berkshire Hathaway shares up more than 14% this year because Buffett's had most of Berkshire’s cash sitting in short-term Treasury bills.

Flux team
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1
min read
· Posted on
April 11, 2025

Nine wins the Rugby Union broadcasting deal in a big-money scrum and that's what we call a try for Rugby Australia

Rugby Australia has just signed a new five-year broadcast deal with Nine which was believed to be worth around $210 million.

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1
min read
· Posted on
April 11, 2025

Abacus Storage King is caught in a $1.9 billion takeover war as buyers want to take it out of bubble wrap to create more value

Abacus Property Group has partnered with Public Storage, a New York listed company to try and buy back the whole of Abacus Storage King.

Flux team
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1
min read
· Posted on
April 11, 2025

Trump grants TikTok yet another 75 day lifeline as he dangles the tariff-carrot in front of China

Trump has signed a new Executive Order giving TikTok another 75 days to finalise a deal with potential buyers.

Flux team
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1
min read
· Posted on
April 9, 2025

Star Casino bets the house on a $300 million lifeline but it loses control in the process

Bally’s Corporation committing to invest $250 million into Star Entertainment Group.

Flux team
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1
min read
· Posted on
April 9, 2025

Australia's $4.2 trillion piggy bank just got cracked open early after major super funds get hacked in a coordinated attack

Australia's largest super funds suffered a co-ordinated cyberattack — all at the same time.

Flux team
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1
min read
· Posted on
April 9, 2025

Apple's share price shattered like an iPhone screen on concrete after Trump's Chinese tariffs causes Apple to fall in a historic plummet

Apple lost a historical $300 billion USD in market value after Trump has announced a 34% tariff on Chinese imports.

Flux team
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1
min read
· Posted on
April 7, 2025

Nike faces sole-crushing news as Trump places a 46% tariff on Vietnam...and that's what we call a blistering lesson in supply chain diversification

Nike has seen its share price tumble 6% after the tariff announcement because it produces 50% of its shoes and 28% of its apparel in Vietnam.

Flux team
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1
min read
· Posted on
April 7, 2025

KFC operator Collins Foods takes a hit as its war with beef may turn into a Kentucky Fried Crisis

Collins Foods, a predominantly chicken restauranteur, has seen its share price fall nearly 3% after Trump's 10% tariff on Australian goods.

Flux team
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1
min read
· Posted on
April 7, 2025

Estee Lauder faces a class action lawsuit from its investors and no amount of concealer can hide these cracks

Estee Lauder’s investors are running a class action lawsuit against the company for telling half-truths on their financial performance.

Flux team
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1
min read
· Posted on
April 4, 2025

Watch this ad, get the loot: Roblox and Google join forces to bribe Gen Z... legally

Roblox has partnered with Google to bring ads into the metaverse.

Flux team
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1
min read
· Posted on
April 4, 2025

Zip Co faces a new identity crisis because apparently their actual name isn't really their legal name

Zip has just lost a court case on the use of its trading name ‘Zip’, which has been going on since 2019.

Flux team
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1
min read
· Posted on
April 4, 2025

OpenAI’s record-breaking $40 billion capital raise is big, bold and comes with a billion-dollar countdown

OpenAI has raised $40 billion USD, which values the company at $300 billion.

Flux team
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1
min read
· Posted on
April 2, 2025

Woolworths goes from gouging to giving as it slashes grocery prices to close the price gap with Aldi

Woolies cut their prices in March to bring the grocery price gap with Aldi to the lowest point in two years.

Flux team
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1
min read
· Posted on
April 2, 2025

The Reserve Bank of Australia pauses the cash rate on April 1st because they're waiting on Trump's tariff punchline

The Reserve Bank of Australia decided to sternly and seriously pause the cash rate at 4.10%.

Flux team
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1
min read
· Posted on
April 2, 2025

Virgin Australia circles the ASX runway as it kicks off its non-deal roadshow for its IPO

After locking in Qatar Airways as a minority shareholder last month, Virgin Australia is starting to prepare to go public.

Flux team
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1
min read
· Posted on
March 31, 2025

Musk's xAI acquires Musk's X for $33 billion USD because it was an offer Musk just couldn't refuse

Musk has tweeted that xAI has acquired X, the messaging platform for $33 billion USD — $45 billion USD in value less $12 billion USD in debt.

Flux team
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1
min read
· Posted on
March 31, 2025

Domain becomes the hottest property on the block with an improved offer from Costar - but is Nine Entertainment ready to downsize?

Domain received a juicy acquisition offer from Costar, a US-based property platform - with a 36% premium to its previous closing price.

Flux team
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1
min read
· Posted on
March 31, 2025

AustralianSuper unloads its $580 million investment in Wisetech Global after Wisetech's boardroom battle doesn't give the best governance vibes

Australia's largest super fund, AustralianSuper has sold its entire $580 million stake due to these governance failings.

Flux team
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1
min read
· Posted on
March 28, 2025

Jeanswest no longer fits best as it falls into administration... And I guess that's what happens when you have skinny jeans and even skinnier margins

Jeanswest warned it will enter administration with the plan to shut down all of its remaining 90 stores and cut up to 600 jobs.

Flux team
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1
min read
· Posted on
March 28, 2025

The Reject Shop goes from reject stock to profit unlock as Dollarama makes an acquisition offer too good to be true

Canadian retailer Dollarama has made an offer to acquire The Reject Shop for $259 million — a 112% premium to its previous closing price.

Flux team
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1
min read
· Posted on
March 28, 2025

James Hardie’s $14 billion acquisition deal for Azek makes shareholders hit the roof cladding

James Hardie has announced the acquisition of a rival named Azek for $14 billion in cash and scrip.

Flux team
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1
min read
· Posted on
March 26, 2025

Global 23andMe goes from saliva to sell-off as falls into bankruptcy... and everything must go including your DNA

23andMe has filed for Chapter 11 bankruptcy in the US and this has customers concerned about where their confidential DNA data could land.

Flux team
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1
min read
· Posted on
March 26, 2025

Labor's betting big on Medicare, childcare, and your vote for the upcoming election - but deficits are back in favour!

Labor government has announced a number of significant investments to ease financial pressures under its latest annual budget.

Flux team
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1
min read
· Posted on
March 26, 2025

AppleTV+ is reportedly losing more than $1 billion USD per year and not even Ted Lasso can coach it out of these mega losses

Apple TV+ is reportedly losing more than $1 billion USD a year according to a new report by the Information.

Flux team
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1
min read
· Posted on
March 24, 2025

Nike share price takes a hit after inventory issues means it's got too many shoes and not enough feet

Nike has released its third quarter results which were better than last quarter...but still not great.

Flux team
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1
min read
· Posted on
March 24, 2025

Coles and Woolworths dodge a break-up, but the ACCC's watching like a supermarket attendant at the self-checkout

Late last week, the ACCC’s 441-page report was released as well as its 20 recommendations, but there was no recommendation to break up Coles and Woolies.

Flux team
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1
min read
· Posted on
March 24, 2025

KFC swaps teens for tech at the drive-thru with the goal to make lines move faster than you can eat your Zinger meal  

Yum! Brands is teaming up with Nvidia to roll out its fancy AI in drive-thrus.

Flux team
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1
min read
· Posted on
March 21, 2025

Google finally cracks Wiz's security by buying the whole company for a record $32 billion USD

Google has announced its acquisition of Wiz for $32 billion USD — it's largest acquisition ever.

Flux team
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1
min read
· Posted on
March 21, 2025

Myer's investors ask about its return policy on shares after its net profit plummets nearly 40%

After Myer hired a new CEO back in June 2024, the company warned that its net profit was down by nearly 40% in the most recent half.

Flux team
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1
min read
· Posted on
March 21, 2025

Guess' share price rockets 30% as WHP Global looks to add to its brand wardrobe... but the management team may need to hold onto their old jeans  

Guess’ share price has shot up more than 30% because WHP Global has made an offer to buy Guess’ shares at a 34% premium, valuing Guess at $770 million USD.

Flux team
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1
min read
· Posted on
March 19, 2025