FEAR & GREED | Business News CBA warns on the economy; Guzman chair sells stake; world’s oldest shipwreck found
Oct 14, 2026
Commonwealth Bank warns of mounting economic pressure as markets slide. ASIC questions how private assets are valued, while a court revives a major gold mine and Austal faces a bidding war. Corporate moves span Guzman y Gomez, BHP and Domino’s. An alleged OpenAI recording scandal emerges, and archaeologists uncover a 4,400-year-old shipwreck off Turkey.
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CBA Warns Of A Difficult Economic Year
- Australia faces slower growth, persistent inflation, high rates and volatile global conditions.
- Commonwealth Bank arranged 147,000 hardship payment plans, showing mortgage stress is spreading unevenly across households.
AI Productivity Comes With Job Uncertainty
- AI may improve productivity while reshaping banking employment and creating uncertainty for workers.
- Commonwealth Bank committed $90 million to retraining, but its chair would not guarantee AI would preserve jobs.
CBA Share Falls Trigger Succession Questions
- CBA shares fell more than 2% after its AGM and were down over 6% for the year.
- Leadership questions emerged despite the chair’s broad statement that the bank had the right executives in place.