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.    And don’t miss the latest episode of How Do They Afford That?, exploring margin loans for investing. Get the episode from Apple, Spotify or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.