Inflation remains sticky | Beckham vs Wahlberg in $10m battle | TikTok gets closer to US ban

The Reserve Bank of Australia (RBA) has announced inflation of 3.6% which is higher than expected.. And it means a rate cut in 2024 is looking less and less likely David Beckham is suing Mark Wahlberg for more than $10 million USD after he was allegedly underpaid for an endorsement deal with fitne…

ABC's generational problem | Amazon's 007 plot | Free-to-air TV vs the TikTok generation

ABC Radio has seen its audience share plummet to the lowest point ever as it struggles to sustain its hero products. Amazon has been selling goods on its competitors e-commerce platforms for years under the alias “Big River Services” to gather intel on its biggest rivals. Free to air TV networks,…

RM Williams has a new customer in mind | LinkedIn's new subscription | Netflix’s best result in years

RM Williams has invested $8 million to expand its focus on a growing women’s category. LinkedIn is testing a new premium subscription for Company Pages to help raise company profiles on the platform. Netflix’s revenue has jumped 15% in the first quarter this year but warned the days of sharing su…

Bonza hits major turbulence | LVMH sales slows down | Crocs and Pringles collab

Bonza, Australia’s fourth largest airline, has hit major turbulence after some major instability from its private equity owner LVMH saw its sales growth slow down to just 2% as its consumers pull back from Louis Vuitton bags and Hennessy cognac. Crocs and Pringles are collaborating on new clogs w…

News Corp Australia's mega re-structure | Apple loses its smartphone dominance | Tesla to cut 14,000 jobs

News Corp Australia is making its biggest company restructure in decades after Meta decided not to renew its News Bargaining deal with Australian publishers. Apple has lost its spot as the top phone maker in the world - in the most recent quarter. Tesla is axing more than 14,000 jobs as demand fo…

BlueBet and Betr merger | Cettire struggling to woo investors | NextDC's running hot on AI

Two of Australia’s up and coming betting companies, BlueBet and Betr, will merge to compete with the big players in the betting space. Luxury fashion retailer Cettire has struggled to woo investors despite an 88% increase in quarterly sales compared to the previous year. NextDC, Australia’s large…

Ola shuts down immediately in Aus | Tesla's building robotaxis | KPMG’s $38 million exam fine

Ola has announced it will officially shut down its ride sharing services in Australia after 6 years as well as other international markets Tesla has reportedly scrapped its plan to build a lower-cost electric vehicle and is focusing on Robotaxis KPMG Netherlands has been hit with a $38 million fi…

Qantas' biggest Rewards overhaul in 35 years | Woolworths' global collaboration | Uber Eats copies TikTok

Qantas has announced a major upgrade to its Frequent Flyer rewards points program which will cost it over $120 million. Woolworths is partnering with the UK’s Tesco supermarket chain, and other big supermarket chains around the world, on a new $190m investment fund. Uber Eats is launching TikTok …

$1.2B: Sydney Airport doubles earnings | Canva makes more millionaires | Alphabet eyes Hubspot

Sydney Airport’s earnings have more than doubled, as Australia’s biggest airport makes the most of our return to flying - in Australia and globally. Canva has finalised a share sale worth $3.6 billion, making some of its staff overnight millionaires. Google’s parent company Alphabet is reportedly…

Sportsbet's 27% drop | Spotify to raise prices in Aus | Tesla's new $3b car plant in India

The owner of Sportsbet, which is Australia’s biggest sports betting company, has said the company experienced a big 27% decrease in earnings for the last financial year. Spotify is planning to raise its prices AGAIN in key markets, including Australia - and it’s mostly thanks to... audiobooks. Te…