CBA $11b profit, mortgage warning; SME closures surge; heatwaves spur air-con clothing

Thursday 13 August 2026 The Commonwealth Bank announces an $11 billion profit but warns that the economy, and housing market, are slowing.  * The number of SME exits surges, as the economic going gets tough * The federal coalition provides more details of its immigration policy * Insurer Suncorp says it had to pay out on 32 separate weather events over the past year * Asia is going crazy for air-conditioned clothing, to combat the increasingly number of heatwaves   Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here [https://fearandgreed.com.au/newsletter-signup].    And don’t miss the latest episode of How Do They Afford That? [https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/], exploring margin loans for investing. Get the episode from Apple [https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235], Spotify [https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14] or anywhere you listen to podcasts. Find out more: https://fearandgreed.com.au/ [https://fearandgreed.com.au/] See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.