OLD Media Moves

How computers are driving financial news

March 15, 2016

Posted by Chris Roush

Computerized storiesJeff John Roberts of Fortune writes about how computers are creating and analyzing financial news.

Roberts writes, ¨There was a time when traders relied on reporters to tell them about market news. Today, computers can do a better job: Algorithms are able to detect everything from earnings data to social media sentiment, and are much faster than any keyboard-pounding journalist.

¨This recent wave of automated information has brought big changes for financial news, and economists and the media industry are still digesting the implications.

¨’Classic breaking news is a function of technology now. Computers find it, and traders trade on it,’ said James Stewart, a journalism professor and New York Times columnist.

¨Stewart made the observation on Friday at ´How the Media Affects Markets,’ a Columbia University event that explored new trends in financial reporting.¨

Read more here.

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