Students who invest in the stock market are disheartened after this month’s financial turmoil, but many are still hoping for improvement. On Monday, a tentative agreement on a $700 billion bailout fell apart, sending stocks plummeting in the largest one-day drop in American history.

Financial stocks rose in premarket trading, although most were only able to erase a small margin of their declines Monday, which sent the Dow Jones Industrial Average plunging to its largest point drop in history. The House’s rejection of the plan stunned investors, sending the stock market into a tailspin and adding to concerns that the U.S. faces a prolonged recession if the legislation isn’t revived. Citigroup, which had dropped 12% Monday, rose 7% in recent premarket trading, while Wachov

Wall Street’s system deeply perturbed—like clockwork ARTICLE: “New York Tries Taming Credit-Default Swaps: State to Regulate Certain CDS Pacts as Insurance Deals,” by Serene Ng and Liz Rappaport, Wall Street Journal, 23 September 2008 EDITORIAL: “The End of Wall Street,” Wall Street Journal, 23 September 2008. FINANCE AND ECONOMICS: “Is there a future? The loneliness of the independent Wall Street bank,” The Economist, 20 September 2008. ARTICLE: “Some Investment Banks May Prosper: Smaller

Japan's benchmark Nikkei 225 Stock Average tumbled to a three-year low Tuesday after a massive selloff overnight on Wall Street. The benchmark Nikkei 225 Stock Average plunged 483.75 points, or 4.12 percent, to close at 11,259.86. The broader Topix index of all first-section issues also fell 40.46 points, or 3.59 percent, to 1,087.41. After a proposed, $700-billion rescue package was defeated in the US Congress, the blue-chip Dow Jones Industrial Average dropped 7 percent by the close of t

ELYRIA — Monday’s turn of events on the stock market and the continuing effects of an unstable housing market made for heavy discussion among City Council members, who tried to make sense out of three items affected by the bad economy. Talks about buying a new pumper truck for the Fire Department, establishing a [...]