Macca’s is taking drastic measures to find workers as labour shortages continue around the country. Meanwhile Apple and Amazon defy an advertising downturn and Meta dials back its TikTok impersonation. These are the five big stories from the week that was. 1. McBonus Australian unemployment is at a 48-year low and businesses are trying desperate […]
When Elon Musk announced Tesla was adding US$1.5 billion worth of Bitcoin to its books, it helped ignite a major crypto rally. Eighteen months later, the market looks very different. As the U.S. flirts with a recession and seriously delays hamper the automaker’s production line, Tesla is in need of cash. These are the five […]
The story behind Flight Centre is well known. It starts with a double-decker bus in Europe, evolves into Top Deck, and ends up as a multi-billion travel company operating out of 23 companies. As pandemic restrictions unwind, things are broadly looking up for travel but not all investors are buying the travel recovery story. These […]
The sheer size of Amazon means that when it decides to take a bit of a new market, there’s a genuine concern that incumbents could simply be gobbled up. With aspirations to be The Everything Store, Amazon has now turned its sights onto food delivery and it could have big ramifications for the industry. These […]
Formula One has gone from being a niche sport to one of the hottest properties in streaming in the space of just three years. While the rights to it are still dwarfed by more mainstream sports, some powerful marketing and a rapidly growing audience is making broadcasters sit up and take note. These are the […]
Kellogg’s has joined the wave of big companies of spinning off separate businesses (think Johnson & Johnson, GE and even Ford). As markets and tastes rapidly change, brands are doing their best to keep up. 1. Cereal killer Amid changing consumer tastes, Kellogg’s plans to split itself into three separate companies so as to focus […]
News of interest rate hikes, inflation and the prospect of stagflation dominated markets this week. Here’s why investors look so worried. 1. Big rate hikes This week the U.S. raised interest rates by 0.75%, the single largest hike since 1994. With other nations in lockstep, markets are looking panicked. It’s all about rising inflation. Goods that cost […]
What can’t Apple do? Whether it’s in hardware, software or streaming, the big tech company seems to have the Midas touch. But in recent times, Apple has been getting into payments with its latest push into lending the surest sign yet it might be adding banking to its catalogue. 1. Apple Bank In an already […]
Netflix’s audience may have unexpectedly shrunk last quarter, spooking investors, but the strength of franchises like Stranger Things and Star Wars suggest streaming platforms are just getting started. These are the 5 big stories from the week that was. 1. Stranger Things Much has been written about streaming companies and how many more viewers they can bring […]
Beyond Meat is leaning on star power to save flagging sales, Appen gets picked up and dunped and lithium continues its tear higher. These are the big stories from the week that was. 1. Food For Thought Beyond Meat finally lifted this week as the plant-based food company announced Kim Kardashian would become its “Chief Taste Consultant”. […]
While market nerves have set in for some investors, Warren Buffett is living his ‘be greedy when others are fearful’ ethos and spending big on stocks. These are the 5 big business stories from the week that was. 1. What’s Buffett Buying? Amazon, Apple, Microsoft and Google have now collectively shed US$2 trillion since 2022 […]
Google has unveiled a new product line to rival Apple’s, rolling out a string of Pixel products to diversify its revenue base. These are the 5 big business stories from the week that was. 1. Google It Apple may have just lost its status as the world’s most valuable company to an oil producer but now it has […]