GM closed at $2.92 a share, their lowest level in more than 60 years (December 2nd, 1946 to be exact). I can't even find the data going back that far, but this chart shows just how far things have come. Amazingly, GM is now technically a small-cap stock according to the WSJ:Since the company’s market capitalization has roughly fallen in half in a week, the once proud Dow component is now below the $2 billion threshold used by many Wall Street trading operations to denote the difference between

WASHINGTON The head of the federal agency that oversees commodities trading wants to replace it and the Securities and Exchange Commission with three new regulators to better deal with an increasingly complex financial system. "I believe the United States should scrap the current outdated regulatory framework in favor of an objectives-based regulatory system consisting of three primary ...

Asian stock markets gained strongly Monday as investors cheered China's $586 billion stimulus plan aimed at countering the effects of a global slowdown on its economy.

Tokyo, Nov 10 (DPA) Japan’s Nikkei 225 Stock Average Monday crossed the 9,000-point threshold, ending morning trading up more than five percent thanks to a strong rally on the US market before the weekend. The Nikkei ...

Another notable week came to a close with politics and negative economic reports taking center stage. This week the country participated in an historic election while stocks bounced up and down and then up again. Major events for the week: The week started off with auto sales which, as expected, were horrible. Next, of course, was the election of Barack Obama, the first African-American to be elected to the nation's highest office. The stock market surged on election day. After strong gains on