Barron's profile of Home Depot CEO falls into old trap of biz journalism
TheStreet.com’s Marek Fuchs critiques the profile of new Home Depot CEO Frank Blake in the latest issue of Barron’s and comes away with the impression that it’s a story that would have been right at home in the 1990s, when business journalists were making rock stars out of CEOs. Fuchs wrote, “If you ever read […]
Premature prognostication by biz media
TheStreet.com’s Marek Fuchs writes that the business media often makes predictions about the economy and other matters before all of the facts are known. Fuchs wrote, “The major symptom of this is a quick trigger … for making predictions of either great or terrible turns in markets. “That’s right, all you amateur business media critics […]
Blodget wonders if Cramer's career is crippled
Disgraced former Wall Street analyst Henry Blodget writes that “Mad Money” host Jim Cramer may have hurt his media career by saying on a recent video that he manipulated stocks while he was managing a hedge fund and that investors used business journalists to influence stock prices. Blodget, who has been feuding with Cramer recently, […]
Another example of biz journalists not understanding numbers
TheStreet.com’s Marek Fuchs writes on yet another example of business journalists writing about numbers that they don’t seem to understand. The example comes from Monday’s New York Times, and the story is about newspaper advertising. As Fuchs points out, the positive number in the story — advertising revenue from newspaper web sites — is not […]
TheStreet.com looking for acquisitions?
By naming an executive vice president of mergers and acquisitions online financial and business news site TheStreet.com seems to be signaling that it’s looking to make deals to expand its operations. Steven Elkes was named the New York-based company’s first chief revenue officer and executive vice president of mergers and acquisitions, according to this release. […]
Biz media faces the music
TheStreet.com’s Marek Fuchs writes Friday that the business media’s coverage of Starbucks annual meeting showed how well an executive can get journalists to write what he or she wants. Instead of focusing on the issues at Starbucks outlined in a recent memo from chairman Howard Schultz, the business media decided to write about the coffee […]
More on Cramer spouting off
USAToday’s Matt Krantz takes a look Friday at “Mad Money” host Jim Cramer talking on a videocast on TheStreet.com about how he manipulated stocks and how business journalists are used by investors. (Note that Cramer back away from many of his statements Thursday.) Krantz wrote, “Cramer didn’t return messages left with CNBC or multiple e-mails […]
Cramer backs away from some, but not all, of his statements
“Mad Money” host Jim Cramer, who earlier this week was criticized for his comments on a videocast on TheStreet.com for saying that he performed unethical stock trading while running his fund and then later making disparaging remarks about business journalists, has backtracked somewhat. In an interview on the Don Imus radio show, he said that […]
Did Cramer manipulate stock prices?
The New York Post’s Roddy Boyd reports Tuesday that there’s a video of CNBC “Mad Money” host Jim Cramer making the rounds where the former trader seems to acknowledge manipulating stock prices. Boyd wrote, “The host of CNBC’s daily program ‘Mad Money’ had hedge fund-trading desks buzzing yesterday after he bragged about manipulating stock prices […]
Stop regurgitating what management says
TheStreet.com’s Marek Fuchs wants to know Monday why the business media seems to have a penchant for similar repeating what management says when it blames outside factors for its performance. Fuchs wrote, “But I’ve been fascinated by cruise ships as a business, and this morning, I must ask the question: When it comes to the […]
