Interest rates turning up
As someone in the process of buying a house, I’ve watched interest rates climb steadily during the past couple of weeks. Each little tick up shaves more off my ability to save. Several stories Wednesday highlighted this fact and some of the economic conditions causing it. The New York Times had this story: It has […]
Bloomberg complained about Reuters deal with Michigan
Bloomberg News editor in chief Matthew Winkler complained last year to the University of Michigan about its relationship with Thomson Reuters that allows the financial news and data company to provide consumer confidence data to some traders early for a fee. Brody Mullins, Michael Rothfeld, Tom McGinty and Jenny Strasburg of The Wall Street Journal write, “Matthew […]
Thomson Reuters consumer confidence data being released early
ReSimone Foxman of Quartz writes about how the consumer confidence data collected by Thomson Reuters and the University of Michigan is being released to someone early, before its official release, according to research and trading records. Foxman writes, “The consumer sentiment index is at the center of a lawsuit between Thomson Reuters and Mark Rosenblum, a […]
Taking a look at China’s economy
There were a couple of stories about the state of the Chinese economy during the weekend. Covering this story continues to be one of the biggest for business journalists, but sometimes it’s just hard to make sense of an economy that’s controlled by the state. Here’s the New York Times story: After weathering the global financial […]
Wealth back to 2007 levels — or is it?
According to the Federal Reserve Board, personal wealth levels have finally climbed back to their 2007 levels, minus the inflation adjustment. So, what exactly does it mean that we’re back where we were and what about those five and a half lost years? Here’s the Wall Street Journal’s take on the revelation: Americans have rebuilt […]
Two versions of the auto market
Car and truck sales numbers were released Monday, but not everyone saw them in the same light. The Wall Street Journal story started off with questions about the ability of the market to continue growing, while the Associated Press story was more optimistic. Here is the top of the WSJ story: Strong demand for new […]
Covering Bernanke at Congress
Federal Reserve Board Chairman Ben Bernanke appeared before a Congressional hearing on Wednesday and the headlines he made were decidedly different across the various national media covering his remarks. First, the Wall Street Journal story, which ran with the headline “Bernanke: Bond Buys Could Slow at ‘Next Few Meetings’” and focused on the Fed’s ending […]
Where’s the economy going?
Stocks rose on Wednesday despite the poor manufacturing numbers that fell for April. There was also mediocre news about the European economic recovery. So, what are business journalists making of the stock market and how to cover such a seemingly large disconnect? Here’s the Reuters story, via the New York Times: Factory output dropped in […]
Investors scour WSJ articles for Fed clues
Matt Egan of Fox Business Network writes about how investors look at the Wall Street Journal‘s Jon Hilsenrath, who covers the Federal Reserve, for clues as to where the economy is headed. Egan writes, “To be sure, market participants didn’t appear to be suggesting anything sinister on the part of Hilsenrath. Instead, the comments indicate […]
G-7 avoids confrontation with Japan
While all the international conferences on money may seem a bit over-covered and like they don’t have much influence, each business news outlet tends to focus on different parts of their talks. It’s important to cover meetings when the seven largest economies get together to discuss monetary policy. But what’s more interesting is what the […]
