David Gaffen of The Wall Street Journal writes Thursday on his MarketBeat blog how CNBC is now running a scroll at the bottom of the screen for troubled companies.
“‘When there are high-interest pieces of information that we can provide in real-time, we like to do that because our audience craves it,’ says Jonathan Wald, senior vice-president of business news at CNBC. The network generally in the past has stuck to highlighting major markets rather than individual stocks.
“Doug Kass, president of Seabreeze Partners Management, says it may be the ‘best contrary sign extant that the financials are in the later stages of capitulatory selling… remember the bug on CNBC that presaged the DJIA 14,000 celebration?’
“Mr. Wald says that ‘we’re constantly giving our viewers what’s in the news at that moment — it makes sense to highlight a given sector.'”
Read more here.
Eric Wallerstein, a reporter for The Wall Street Journal's finance bureau in New York,…
Washington Post Business Editor Lori Montgomery: We’re delighted to announce that Sandhya Somashekhar, an insightful…
CoinDesk markets reporter Lyllah Ledesma is leaving the news organization after four years for a new opportunity.…
Allie Garfinkle of Fortune, who writes its Term Sheet newsletter, was interviewed by SBS Communications…
STAT News executive editor Rick Berke posted the following: Dear Readers, Please bear with me…
The Oregonian seeks a reporter to tackle real estate news, trends in housing and the…