Money

F45 the latest victim to Covid-19

Published

1 year ago

March 2, 2023

ticker NEWS

F45 the latest victim to Covid-19 as a number of franchises are forced to close their doors, leaving customers furious

Popular gym and fitness brand F45 is in trouble, as a number of franchises shut up shop.

Many customers are fuming, with the closures leaving them hundreds of dollars out of pocket due to unused memberships.

It follows a number of other fitness centres falling into liquidation in the wake of the Covid-19 pandemic.

It’s believed at least 11 Australian F45 training gyms have ceased operations.

Now, creditors are desperately trying to recoup the losses, selling branded equipment at incredibly cheap prices.

In a statement, the F45 head office says they tried to provide support to struggling franchises as it impacts the health of the entire business.

F45 recently secured $90 million in funding for its next stage of growth.

There are currently nearly 500 F45 studios in Australia. #trending #featured

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending