A $500 Billion ‘Liar Loans’ Looming Threat to Financial Stability of the Country

Australia’s most respected banking analyst, Jonathan Mott from UBS is of the opinion that one-third of the borrowers who took out a mortgage in the last one year gave some false financial information to their lenders. This lack of completely factual financial information can now threaten the entire financial system of the country. This is …

HPE Beats the Market Expectations in Its Q3 Results

When HPE (Hewlett Packard Enterprise Co) published its Q3 financial results on Tuesday, it beat the market expectations.  Wall Street was expecting non-GAAP earnings of 26 cents, while the company reported 30 cents a share. It reported revenue of $8.2 billion as against the expectations of $7.49 billion. Meg Whitman, the CEO of the company said, “The results …

Campbell in Trouble As Their Outlook Also Plunges after Blows from Warren Buffett

The soup maker Campbell Soup Co.’s shares fell down after the company shared their fairly disappointing earnings. The packaged food company also delivered a forecast that was weaker than what most analysts expected. This clearly provided more evidence that the slump that is being felt all across the industry is here to stay. This outlook …