CBA's historic single-day fall | Xero's US bet backfires | CNN's new weather play
About this episode
The episode discusses CommBank's significant stock drop, Xero's disappointing profits post-acquisition, and CNN's new weather app launch.
CommBank’s shares have seen their biggest single-day fall in history earlier this week after wiping $30 billion from its market value. Xero's revenue jumped 31%...but profits fell 27% after its multi-billion dollar US acquisition has hurt the bottom line. CNN has launched a stand-alone weather app…three years after its last digital product collapsed in just 29 days. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.
People in this episode
Host: Flux
Topics covered
- stock market
- business acquisition
- weather app
- financial news
- corporate profits
Keywords
- CommBank
- Xero
- CNN
- stock fall
- US acquisition
- weather app
- financial news
Mentioned in this episode
Organizations: CommBank, Xero, CNN
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