FEAR & GREED | Business News CBA’s record profit, shares slump; PM rejects 4-day work week; huge housing profits
Aug 13, 2025
Australia's Commonwealth Bank reports a staggering $10.25 billion profit, yet shares tumble. The Prime Minister dismisses a four-day work week, while the housing market sees massive profits amid rising rental costs. Market fluctuations are influenced by AI's potential impact on intellectual property rights. In a quirky protest against U.S. Vice President J.D. Vance, locals dance to voice their discontent. Amid these discussions, the utilities sector struggles and tech ambitions rise with a bold bid for Google's Chrome browser.
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Record Profit, Market Disappointment
- Commonwealth Bank posted a record $10.25bn cash profit yet its shares plunged more than 5% as investors questioned valuation and outlook.
- The market sees CBA as a microcosm of broader bank challenges, dragging the ASX lower despite solid earnings.
Growth Meets Cost And Valuation Pressure
- CBA grew home loans 6% and business loans 11%, but faces higher operating costs and tougher deposit competition.
- Investors fear stretched valuations with shares trading near 30x forward earnings, tempering enthusiasm.
AI Copyright Risks To Creators
- CBA's CEO warned proposed AI copyright exemptions could let tech firms mine creators' work without payment.
- He argued AI must be used responsibly and creators compensated to protect intellectual property and cultural value.