How financial news is made

Joe Pompeo of Capital New York writes Wednesday about a panel held Tuesday on how financial news has covered the global economy.

Pompeo writes, “Apart from the so-called ‘view from nowhere’ (to borrow the favorite catchphrase of N.Y.U. journalism professor Jay Rosen), other topics included the balancing act of financial wires like Bloomberg and Reuters in serving their core professional audience while attempting to make their coverage interesting to a broader audience; the role of digital newcomers like Quartz in ‘providing analysis’ around the offerings of traditional ‘data-gatherers,’ as Delaney put it; and the rise of the micro-scoop, which has financial reporters obsessed with chasing any and every morsel of news with the ostensible potential to ‘move the markets,’ as Lee put it.

“On a more fanciful note, there was also the revelation of the increasingly mechanized process of financial news gathering and consumption: There are, after all, technologies that digest financial news headlines and make automated trades based on the results. And now there are technologies that generate news stories from data collected out of the stock market. Coming soon: A completely robotic loop that both generates, consumes, acts on and generates more of the news and newsworthy events in the markets!

“New York Law School is streaming the entire video here, and we’ve compiled some highlights below.”

Read more here.