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Reddit's share price jumps 48% on NYSE debut as it's snoopin' for profits

Reddit has IPO'ed on the New York Stock Exchange and ended its trading day up 48% late last week, valuing the company at almost $13.7 billion.

Flux team
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1
min read
· Posted on
March 25, 2024

Hermes is hit with a class action suit for allegedly gatekeeping the Birkin bag

Hermes has been hit with a class action lawsuit by shoppers who claim that the brand is violating antitrust laws when it comes to the Birkin bag.

Flux team
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1
min read
· Posted on
March 22, 2024

Gucci goes from fab to drab with a 20% sales drop thanks to China's shrinking demand for luxury goods

Kering's shares dropped 12% after it reported that sales at Gucci have fallen about 20 per cent in the first quarter.

Flux team
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1
min read
· Posted on
March 22, 2024

Chemist Warehouse cashes in on "eau-de-profits", which surged 30% thanks to 'front-of-house' sales

Chemist Warehouse has announced a nearly 30% increase in profit for its half-year results.

Flux team
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1
min read
· Posted on
March 22, 2024

What is rentvesting, and why is it becoming increasingly popular with young Australians?

With the property market becoming harder to access, rentvesting has become an increasingly popular strategy.

Flux team
~
4
min read
· Posted on
March 20, 2024

BHP sends workers packing as nickel market goes from boom to gloom

BHP reportedly stood down almost 100 workers, that were working on its West Musgrave nickel and copper project.

Flux team
~
1
min read
· Posted on
March 20, 2024
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Disclaimer: All information contained in the Flux app, www.flux.finance, www.joinflux.com, app.flux.finance and any podcast of Flux Media Pty Ltd (ABN 27 639 804 345) is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. While we do our best to provide accurate information on the podcast, we accept no responsibility for any inaccuracies that may be communicated.Flux does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) and ASIC RG 36.66. Flux Technologies Pty Ltd provides general advice on credit products under our own Australian Credit Licence No. 530103. Check out our Credit Guide for more information.

All information contained in the Flux app, www.flux.finance, www.joinflux.com, app.flux.finance and any podcast of Flux Media Pty Ltd (ABN 27 639 804 345) is for education and entertainment purposes only. It is not intended as a substitute for professional financial, legal or tax advice. Flux Media Pty Ltd is the owner of the registered trade mark, 'What the Flux'. While we do our best to provide accurate information on the podcast, we accept no responsibility for any inaccuracies that may be communicated.