Scott Reeves of Minyanville writes about the fine line that financial journalists must practice their trade on while covering economic turmoil such as Wall Street banks struggling financially.
“The downside: This go-along-to-get-along attitude can lead to caution, conformity and a follow-the-pack mentality among reporters.
“News is a fast-paced business, and speed counts. The need to be first with a story can lead to mistakes — though you can never discount the possibility of run-of-the-mill incompetence. However, even top-notch reporters aren’t immune: In July, The New York Times dismissed as ‘absurd’ chatter that Barclays would buy Lehman Brothers. Well, behold: Last week, Barclays agreed to buy Lehman’s core US broker-dealer business for about $2 billion.
“But that raises another question: Does speculation, especially from a reporter, serve the reader? Does anyone have a handy distinction between informed analysis and speculation in the current market?”
Read more here.
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…
Members of the CoinDesk editorial team have sent a letter to the CEO of its…