Bite-sized business news from Australia and around the world
David Jones has survived 188 years, but mounting losses, supplier troubles and changing shopping habits are putting its future to the test.
Yo-Chi is asking customers to lobby Australian MPs against plastic use, bringing environmental activism to the frozen yoghurt chain’s growing brand.
Myer is ending work-from-home for corporate staff as Victoria’s proposed flexible-work laws stall, putting workplace culture and morale in the spotlight.
Anthropic is chasing a US$2 trillion IPO while warning investors its AI could pose catastrophic risks to humanity.
Central banks are breaking from the Fed’s lead, making global bond diversification more important as interest rate paths diverge.
AI’s boom goes beyond chatbots, with data centres, chips and power demand creating opportunities, but debt and lofty valuations raise the stakes.
Cadbury is betting on Rugby World Cup fever to keep chocolate sales growing, turning its sponsorship into fan experiences and limited-edition treats.
KFC is ditching Pepsi for Coke after 40 years. Another major partnership loss could leave PepsiCo with more than a branding headache.
NAB is axing 2,500 jobs as banks rethink their workforce. Is it about cutting duplication, or is AI already taking over?
Lush is ditching 10 Westfield stores. Turns out, prime retail locations aren't worth it if you can't control your own brand message.
Domino’s has pushed out its Australia and New Zealand CEO after nine months as falling sales and store closures put its turnaround under pressure.
Japan’s biggest beer makers are under investigation for suspected price-fixing, raising questions about whether rising costs tell the whole story.
Virgin Australia is raising fares again as fuel costs climb and its fuel-hedging protection starts to wear thin.
SpaceX is reportedly seeking a US$40 billion loan to buy Nvidia chips, adding to its growing debt as the AI infrastructure race gets more expensive.
Adidas is suing White Fox over four-striped clothing, arguing the designs could blur the line between a lookalike and its iconic branding.
Coles is reportedly eyeing Ocado robots to speed up online grocery orders as it tries to close the gap with Woolworths.
Mattel’s shares were struggling until a reported takeover bid sent them soaring 19%. The catch? Buying Barbie won’t come cheap.
Marley Spoon’s sales were falling, then GLP-1 drugs changed what people wanted to eat. Now its new meal range is growing 110% a month.
Firmus is chasing a $44B IPO while most of its future earnings depend on data centres that haven’t even been built yet.
Australia has banned card surcharges, but the cost of accepting cards isn’t disappearing. It’s just finding a new home.
Getty Images built a massive moat around stock photography. AI just found a way around it, sending its market value from US$2.9B to US$34M.
Australia’s biggest businesses are paying less tax, with 1,149 reporting zero tax in FY25. The ATO wants to know why.
Instinct has quadrupled its valuation to US$10B in a month, despite having just 14 employees, no app and an invite-only waitlist.
Cochlear is facing a shareholder class action five months after a profit downgrade wiped $4B from its market value.
Vietjet appears to be eyeing Australia’s domestic market, securing Sydney Airport slots as it takes aim at the Qantas-Virgin duopoly.
An OpenAI agent broke into a Medicare portal, hit three other government systems and went unnoticed for months. AI hacking just got real.
Myer just posted a $276M loss, but a big chunk came from an impairment. The real picture? Its underlying profit was still $42.5M.
On has signed Kylian Mbappé with a cash-and-equity deal, giving the Swiss sneaker brand a shot at football’s massive global market.
Meta’s new AI agent Muse is climbing the charts, but the real money may come from what it gets users to do inside Meta’s ecosystem.
David Jones is losing luxury brands after asking suppliers for longer repayment terms, putting its already fragile retail position under pressure.
Zurich is offering Tesla drivers cheaper insurance for using self-driving tech, making autonomous driving part of the insurance equation.
Miro is selling for US$1.35B after once being valued at US$17.5B. The business survived. The SaaS hype didn’t.
Nine is betting A$830m on the Premier League, counting on live sport to drive subscribers, ad value and growth across its wider media empire.
Anthropic is calling for stricter AI rules while preparing for a $2T IPO. Convenient timing? Maybe.
Cricket Australia is opening Big Bash teams to private investors as cricket’s global spending arms race heats up.
Woolies is pushing suppliers to cut prices or risk losing shelf space, putting its 40% market share to work.
Firmus is sponsoring Tasmania’s new AFL team as it tries to win over locals amid backlash over its planned data centres.
Apple finally enters the foldable market with a AU$3,499 iPhone, seven years after Samsung. Better late than first?
Xero paid for an AI ad showing how to replace an accountant’s work. The accountants? Not exactly thrilled.
Volkswagen is cutting 50,000 jobs and half its models as excess capacity and rising Chinese competition reshape the car market.
Nike has lost its S&P 100 spot after a $230B market value wipeout, with its retail retreat helping rivals win over customers.
Big Tech could face billions in Aussie tax after the ATO moves to classify overseas service fees as royalties.
Gold stocks dominated August as the ASX hit a record high, with five standout companies surging on stronger gold prices and solid results.
Bluey became a global hit, but the ABC missed out on much of the money, raising questions about how Australia protects its IP.
Australia’s $43B NBN promise has ballooned toward $70B, while slower speeds, ongoing losses and 5G rivals raise questions about its future.
AI can now clone artists’ voices and faces so convincingly you might not know what’s real. The fight now is over who gets paid.
The ASX had a strong July... but these four companies left the market in the dust with gains of up to 38%.
Women's sport has become a commercial powerhouse in Australia, but local pay still lags as top athletes chase bigger salaries overseas.
Australia's wine industry is rebounding in China, but oversupply and weaker global demand mean the hard work is far from over.
Australia's department stores are being squeezed by online giants and discount retailers, forcing the sector into long-term decline.
Despite a turbulent FY26, these five ASX 200 stocks massively outperformed the market, driven by breakthroughs in healthcare, mining and defence.
StubHub is facing a US$5M lawsuit after World Cup fans paid for tickets that never arrived, exposing marketplace model risks.
Xero is going all-in on AI to convince investors it’s more than software, as fears grow that AI could disrupt its business model.
Domain is taking REA to court over its “9 in 10 buyers” claim, arguing the ad misleads sellers and hurts competition.
Ticketek’s owner is restructuring after losing major venue contracts, as falling revenue raises pressure on its private equity backers.
Amazon is being sued by the ACCC after allegedly forcing Prime subscribers to pay extra to remove ads mid-subscription.
Collins Foods posted record KFC profits, but a growing bird flu threat could disrupt chicken supply and squeeze margins.
Apple is raising prices on Macs and iPads as booming AI demand drives a global memory chip squeeze and pushes costs higher.
The NRL has landed a record $5B broadcast deal, overtaking the AFL and raising the stakes for broadcasters betting on live sport.
Australia is rolling out world-first supermarket price gouging laws, but proving “excessive pricing” may be harder than it sounds.
Meta is building a prediction market app called Arena, betting its massive user base can help it challenge Polymarket and Kalshi.
Judo Bank crashed 40% after three bad business loans raised fears Australia’s SME sector may be under growing pressure.
Qantas and Jetstar are cutting routes as rising costs and weaker demand make some regional flights too expensive to sustain.
WiseTech Global lost over $2B in value as fresh allegations against founder Richard White deepened investor concerns.
Reddit is doubling down on ads, betting authentic human opinions will outperform AI-generated content for brands.
Danone is buying Made Group for nearly $2B, betting big on Asia-Pacific’s booming health drinks market.
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.