How computers are driving financial news
Jeff 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.