27Sep2019 Market Close: Wall Street Closes Down On A Sour Note, DOW Closes Down 71 Points, But Off Session Lows, WTI Crude Settles At 55.82

Fed’s Harker opposed last rate cut, says officials should ‘hold firm’ on rates

Philadelphia Federal Reserve Bank President Patrick Harker said in New York on Friday he opposed the central bank’s September rate cut and thinks the Fed should “hold firm” on interest rates.

Oil prices post weekly loss as supply fears wane

Oil prices fell on Friday and posted a weekly loss on a faster-than-expected recovery in Saudi output, while investors also worried about global crude demand amid slowing Chinese economic growth.

Trump considers delisting Chinese firms from U.S. markets: sources

President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.

U.S.-listed China shares, indexers fall after delisting reports

Shares in a slew of Chinese stocks traded in the United States and index providers slumped on Friday, after reports the Trump administration is considering delisting Chinese firms from U.S. stock exchanges.

Austria’s AMS lights up Osram bidding war with new $4.9 billion offer

Austrian sensor maker AMS raised its takeover offer for Osram to 4.5 billion euros ($4.9 billion) on Friday, ratcheting up the pressure on a private equity consortium also vying to buy the German lighting group.

Wall Street drops; White House considers delisting Chinese companies

U.S. stocks fell on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into China.

Exclusive: Hedge fund D.E. Shaw to push for break-up of Emerson – sources

Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co and is planning to push for changes, including a potential split-up of the U.S. industrial conglomerate, people familiar with the matter said on Friday.

Marathon’s board backs CEO amid calls for his ouster

Marathon Petroleum Corp said on Friday the top U.S. refiner’s board supported Gary Heminger staying on as chief executive officer amid calls for his ouster from two top 10 shareholders.

Fiat Chrysler to pay $40 million over inflated sales figures

Fiat Chrysler Automobiles NV and its U.S. unit will pay $40 million for misleading investors about its monthly sales figures and will resolve a lengthy probe by the U.S. Securities and Exchange Commission (SEC).

Stocks Sink As Trade Tensions Trump Fed’s Open-Mouth (And Market) Operations

Stocks Sink As Trade Tensions Trump Fed’s Open-Mouth (And Market) Operations

President Trump started the week with a well-timed “sooner than you think” comment on the proximity of a China trade deal, then continued to lambast China in his UN speech, raises prospect of more Huawei sanctions, and floats the idea of capital controls on China inflows. All of which prompted a response from China’s Wang, warning that “China does not cower to threats.” A few well-timed Fed headlines (mainly Bullard’s uber-dovish job interview comments) and selectively picking US data to meet the narrative helped stocks; but in the end it was an ugly week for US, China, and European stocks…

New Docs Contradict Biden Claim That Fired Ukrainian Prosecutor Was Corrupt

New Docs Contradict Biden Claim That Fired Ukrainian Prosecutor Was Corrupt

Hundreds of documents obtained by The Hill’s John Solomon contradict Joe Biden’s claim that a Ukrainian prosecutor investigating his son’s employer was corrupt and inept.Â

CREsh Begins: London Property Market Hit As WeWork Deal Falls Through

CREsh Begins: London Property Market Hit As WeWork Deal Falls Through

In an ominous sign for the commercial real-estate market, a large Singaporean investment firm has walked away from an £850 million ($1.04 billion) deal to buy Southbank Place, an office building near London’s Waterloo Station that boasts one of the largest WeWork spaces in the world, the FT reports.

The deal collapsed shortly after WeWork called off its IPO, and is now scrambling to sell off businesses and assets like its corporate jet to raise capital. Since the offering was abandoned, not only is the company missing out on $3 billion that it was set to raise in the public markets, but it’s also losing out on a $6 billion loan that was contingent on the IPO.

Notably, this isn’t the only deal for a WeWork-occupied London office building that has fallen through recently.

Sources close to the deal blamed local factors like Brexit-related uncertainty and the expense of pulling out of a refinancing deal between the seller and an asset management firm that refinanced the development earlier this year. Supposedly, the seller, a firm with ties to Italy’s Agnelli family, backed out of the deal, despite having put the building on the market.

Sound Familiar? Banks Are Saddling Fannie & Freddie With Risky Mortgages, Study Finds

Sound Familiar? Banks Are Saddling Fannie & Freddie With Risky Mortgages, Study Finds

A few unfortunately-placed hurricanes could leave US taxpayers shouldering billions of dollars in worthless mortgages on homes in natural disaster-prone areas, while the banks that originally underwrote those mortgages get off scott-free. In a scenario that might sound familiar to readers who remember the run-up to the financial crisis, new research has found that Fannie Mae and Freddie Mac have been buying mortgages on homes in disaster-prone areas and packaging them up into securities, without charging a premium that accurately reflects long-term disaster risks.

White House considers delisting Chinese firms from US exchanges

White House considers delisting Chinese firms from US exchangesExact mechanisms for how to delist the companies were yet to be worked, Bloomberg reported.

India’s NPAs could be a blessing in disguise

India’s NPAs could be a blessing in disguiseIndia needs foreign capital to clean up world’s worst bad-loan pile, the consulting firm says.

IITs have found a fix to its dropout problem

IITs have found a fix to its dropout problemThe council for IITs has approved ‘exit option’ for weak students in a bid to arrest dropout rate.

‘My lips have never brought down a president,’ says Washington’s champion whistleblower

Until last week, Chris Ullman ” a four-time international whistling champion ” was Washington’s most famous whistleblower.

No-Nonsense College: These 10 solid U.S. colleges prove you don’t need Harvard or Yale to achieve the American Dream

State and local public universities help low-income kids move into the middle class and beyond.

The Wall Street Journal: DirecTV may drop NFL Sunday Ticket package

The company’s COO John Stankey says he believes NFL Sunday Ticket’s value has peaked