CNBC to launch new show focusing on options market
CNBC announced Tuesday that a new show, “Options Action,” will begin airing Fridays at 11:30 p.m. starting this coming Friday. Hosted by CNBC’s Melissa Lee, “Options Action” will be weekly half-hour roundtable discussion featuring four prominent options traders who will explain options trading and demonstrate the strategy using the news of the week. The “Options Action” traders plan to offer the latest […]
Fox Business files another lawsuit over Fed bailout
Fox Business Network filed a lawsuit against the Board of Governors of the Federal Reserve System over its failure to release information requested under the Freedom of Information Act. It’s the second lawsuit that Fox Business has filed to receive information about the government’s bailout tied to the economic upheaval. A similar lawsuit was filed […]
White collar criminals and biz media management
Angela Valdez of The New Republic writes Thursday about how some Wall Street executives are prepping themselves for potential indictments and may use the business media to argue their case. Valdez writes, “The next task, also beginning at the very first whiff of a subpoena, is media management. In a highly publicized investigation, there’s no […]
Market already using media to create next stock bubble
Paul Farrell of Marketwatch writes that stock analysts and others are already using the business media to promote the market in the current economic turmoil. Farrell writes, “A recent USA Today report headlined: ‘5 Stock Experts Foresee 2009 Rebound’ proves this fundamental principle: ‘Nearly all expect double-digit percentage gains, despite another year of sharp swings. […]
Self-made biz reporter
Jason Anderson of Texas magazine profiles Fox Business Network anchor Cheryl Casone in the latest issue. Anderson writes, “Whether it’s the latest on the bank credit crisis, consumer news or global markets, Casone informs a new generation of investors. ‘So many people are involved with the stock market now,’ she says. ‘We didn’t even have […]
Wall Street Journal falls short in covering economic crisis
Dean Starkman, a former Wall Street Journal reporter, writes Wednesday that the paper’s performance in covering the current economic crisis leaves something to be desired. Starkman writes, “Senior Journal leadership may dismiss this idea, but at least a few among the rank-and-file have expressed to me a gnawing sense that paper has buried itself in […]
Biz media helped Madoff along
Jeff Poor of the Business & Media Institute writes about an appearance on CNBC by Jon Najarian in which the founder of optionMONSTER argues that the business media helped disgraced hedge fund manager Bernard Madoff unveil his Ponzi scheme on investors. Poor writes, “According to Najarian it made sense for Madoff to start generating press […]
How business journalists missed the biggest story on their beat
Dean Starkman, who critiques the business media for Columbia Journalism Review, writes in the January/February issue of Mother Jones that business journalism missed warning readers about the current economic crisis. Starkman writes, “Personality profiles, critical as they may be, are comfortably within the narrowing business-press discourse. Plus, they’re a lot easier, and less risky, than […]
Mason is "broadcast journalist of the year"
Marketwatch media columnist Jon Friedman named CBS financial correspondent Anthony Mason as the broadcast journalist of the year for his explanatory reporting on the financial crisis. Friedman writes, “Night after night, Mason took pains to help his viewers understand what was unfolding on Wall Street and in Washington — and, most important, why they should […]
Marketwatch and Madoff investment by columnist: An ethical issue?
TALKING BIZ NEWS EXCLUSIVE Marketwatch has had some of the best reporting about disgraced hedge fund manager Bernard Madoff in the past 10 days. In particular, a column by Robert Powell posted Monday about how his wife lost her 401(k) and her job due to the failure of Madoff’s company was poignant. But MarketWatch hasn’t disclosed […]
