Money

How the U.S. fell out of love with Aussie gym chain F45

Published

2 years ago

September 4, 2023

ticker NEWS

The Australian fitness giant, F45 Training, which once held a dominant position in the industry, is now facing delisting from the New York Stock Exchange (NYSE), marking a stunning fall from grace.

F45 was born in Sydney’s Paddington, with its first gym founded by Adam Gilchrist and Rob Deutsch in 2012.

The brand quickly expanded into the United States in 2015. In a pivotal moment, Hollywood actor Mark Wahlberg’s investment firm, along with another investor, FOD Capital, acquired a minority stake in the business in 2019.

Before the company’s NYSE listing in July 2021, co-founder Rob Deutsch sold his stake for an estimated US$145 million (A$224 million). At the time of the listing, F45’s shares were valued at $US16 ($A24.75) each, giving the company a total valuation of US$1.4 billion (A$2.17 billion).

However the shares had plummeted to just US$0.047 (A$0.08) apiece, leaving the business with a paltry total value of US$3.85 million (A$5.96 million).

The downfall

The downfall of F45 can be attributed to a series of revenue reporting and accounting errors, leading to the departure of CEO Adam Gilchrist and other key executives and directors in July 2022.

In an official statement, the NYSE announced, “In the opinion of the exchange, the company’s common stock is no longer suitable for continued listing and trading on the NYSE.”

This decision came after F45 was notified that it had violated NYSE listing rules due to delays in filing financial accounts and because its share price had traded below US$1 for more than 30 consecutive days.

HIIT classes

F45, renowned for its high-intensity interval training (HIIT) classes, operates primarily through a franchise model and boasts over 2,000 studios in more than 60 countries worldwide.

In Australia, which has nearly 500 F45 gyms, the brand has faced multiple closures this year, with dozens more gyms up for sale.

Although Adam Gilchrist has departed, Mark Wahlberg still sits on the F45 board and holds the title of Chief Brand Officer.

Money

Australia’s inflation report and Nvidia earnings impact explained

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Published

3 days ago

February 26, 2026

Harvey Vargas

Australia’s inflation report sparks market shifts, influencing interest rates, the Aussie dollar, and investor sentiment amid Nvidia’s earnings.

Australia’s latest inflation report is creating waves across the market, with questions about interest rates, the strong performance of the Aussie dollar, and the uneven nature of the stock market rally. Investors are watching closely as changes in carry trade risks this month add another layer of complexity.

David Scutt from StoneX discusses what these shifts mean for trading strategies and the broader economic outlook. He provides insight into how underlying factors are shaping investor confidence and market dynamics.

On the tech side, Nvidia’s upcoming earnings are expected to influence AI development and the broader tech sector. Coupled with trends in SaaS and bitcoin price action, these movements are signalling how investor sentiment is evolving in a fast-changing landscape.

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#AustraliaEconomy #InflationReport #AussieDollar #NvidiaEarnings #AIInvesting #StockMarketNews #BitcoinTrends #SaaSInsights

Money

U.S. stocks rally as AMD, Home Depot, and AI software lead gains

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

Published

4 days ago

February 25, 2026

Harvey Vargas

U.S. equities rose as AI disruption fears eased, with Home Depot, AMD, and DocuSign driving tech stock gains.

U.S. tech stocks surged as investors’ fears over AI disruption eased. Advanced Micro Devices jumped 9% after Meta announced a multiyear deal to deploy AMD’s graphics processing units for AI data centres. The move highlights growing corporate confidence in AI infrastructure investments.

DocuSign also rose 3% following Anthropic’s confirmation that Claude Cowork can integrate with DocuSign, Google Drive, and Gmail, signalling stronger adoption of AI tools across industries.

The iShares Expanded Tech-Software Sector ETF climbed 2% despite remaining over 30% below its 52-week high, showing tech stocks are recovering but still have room to run.

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Money

Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Published

5 days ago

February 24, 2026

Harvey Vargas

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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