Telstra forced to cut its mobile coverage claims | Canva's late but huge revenue spike | Shein wants to run Aussie wardrobes

Telstra has just lost one of its key marketing angles as it’s forced to cut its mobile coverage claims by one-third. Canva has released its latest Australian financial results… very delayed.. And it’s local revenue has cracked over $2 billion USD. Shein has rolled out a supply-chain-as-a-service …

Xero takes on AI by teaming up with AI | Diageo steps up to the crease for billions | David Jones' red flag

Xero has announced a new partnership with Anthropic to bring AI into accounting… and prove that its business won’t be eaten by AI. Indian Premier League cricket team, the Royal Challengers Bengalaru, has just sold to a private equity giant for nearly $1.8 billion USD sale. David Jones is delaying…

Qantas faces $500 million profit drop | Apple is putting ads on the Maps | Labubu hype hits reality

Qantas could see profits drop by $500 million as it struggles to balance its flights and the huge spike in oil pieces. Apple is putting ads on Apple Maps… and quietly turning your next cafe search into an advertising battle with Google. Pop Mart’s Labubu empire is booming… but a 20% share price d…

Domain first big challenge to REA Group | AI-powered cow collars hit $2 billon | Cuttable builds $100 million biz with just 8 engineers

A new-look Domain has promised to put a cap on price hikes as part of its new plan to take it up to REA. Halter, a New Zealand-based agtech company has been valued at $2 billion as it builds AI-powered smart collars for cows. Cuttable, an Aussie AI ad business has just cracked the $100 million va…

Smiggle's profit stalls | Lamborghini ditches EV plans for one reason | Flight Centre gets creative

Premier Investments, the owner of Smiggle and Peter Alexander, has announced flat profit for the last half… with one of its brands carrying the weight of the world on its shoulders. Lamborghini has ditched its plans for a full Electric Vehicle…apparently after customer backlash because it wouldn’t…

ACCC investigates petrol cartel | Meta moves on from the $80 billion metaverse | OpenAI, Microsoft and Amazon in a throuple?!

The ACCC has launched a public investigation into whether major fuel suppliers have been committing anti-competitive conduct in regional Australia Meta is pulling Horizon Worlds off its VR headsets as it shifts further and further away from its expensive metaverse dream Microsoft is threatening l…

RBA lifts rate to 4.10% | Google Maps adds AI to compete with Apple | Peloton pushes into gyms

The RBA has lifted interest rates to 4.1%… as war, petrol prices and inflation all collide into a global domino effect. Google is adding a new AI chatbot to Google Maps in its biggest software update to the product in over a decade. Peloton is rolling into gyms with new commercial-grade bikes and…

Qantas' $105 million class action | McDonald's viral burger boost | Bumble pops despite falling user numbers

Qantas will pay $105 million to settle a class action over delayed COVID flight refunds… as it tries to move on from the major reputational hit. McDonald’s CEO went viral for awkwardly eating a burger… and somehow it boosted sales of the burger he was eating. Bumble’s share price has surged more …

Atlassian cuts 10% of its workforce | AustralianSuper wants to borrow billions | The Inspired Unemployed are cashing in

Atlassian is cutting 10% of its workforce as AI reshapes its business… and it tries to fight back against its plummeting share price. Australia’s biggest super fund wants to borrow billions… which could be the biggest shake up in the super industry in over 30 years. Better Beer, the low-carb brew…

The Iconic finally turns a profit | Koala’s IPO reality check | Robinhood’s private strategy

The Iconic has finally turned a profit after 15 years as it shifts away from growth at any costs…and focuses on the margins. Mattress maker Koala is heading to the ASX in a $305 million IPO… but it’s a far cry from the valuation it once dreamed of. Robinhood, the US trading platform, has launched…