Economic news is a key source of information for policymakers. But it’s difficult to extract useful signals from data – and predicting when the economy is headed for a recession remains a challenge.
A team led by Yale School of Management (SOM) professor of finance Bryan Kelly has explored a new way to measure the state of the economy. They used textual analysis of Wall Street Journal articles to track the amount of news attention paid to particular topics.
CNBC
CNBC is a leading global business news channel. It provides 14 live hours of business programming in North America each day, including reports from bureaus around the world.
It also airs a variety of business talk shows, investigative reports, documentaries, and infomercials. Some of its popular programs include Mad Money and American Greed.
The network also has a flagship app (available on iPhone and Android) that gives users real-time access to stock quotes, business news, and market data. It is a useful tool for investors and stock traders who want to stay informed on the latest market trends.
The network also produced the Disruptor 50 list, a list of the most innovative venture-backed companies. The ranking was named the best of its kind by CNBC and is a great example of the company’s efforts to bring the world’s best business content to a wider audience.
Bloomberg
Bloomberg is a major source of economic news and data. Founded in 1981 by Michael Bloomberg, the company began selling computer terminals with financial data to Wall Street investment banks.
Since its founding, Bloomberg has launched several different arms of business. One of the largest is Bloomberg Professional Services, which makes billions of dollars per year by selling specialized information to various industries.
Among its other branches is the Bloomberg Economics service, which provides rigorous, original research and support for detailed economic forecasts. It also produces previews of key data releases and economic events for its terminal subscribers.
The company has a huge number of employees, including 4,000 engineers around the globe who make daily tweaks and improvements to its technology to ensure it remains ahead of its competitors. This is the reason it is able to charge such high prices for its Terminal.
Twitter is a multibillion-dollar social media company that allows users to broadcast short messages (140-280 characters) about anything they want. These messages reach a potential audience of 330 million active users and are updated in real time.
These short messages can be a source of information for stock traders who need to know about corporate and economic news. They can also serve as a way for companies to announce news to investors, such as employment numbers or central bank decisions.
Twitter is a powerful tool for investors, as it allows them to receive news directly from a company and from external analysts and media. This makes it easy to see the company’s point of view before making a decision about investing in their stocks or bonds.
TheStreet
As the world’s largest market, Wall Street is an important part of the global economy. However, its power can be a source of concern when the economy is in crisis.
TheStreet is a popular online resource for financial news and stock trading ideas. Its free daily newsletters and extensive library of news articles make it a useful tool for traders.
The website is divided into sections, including investment news, personal finance and retirement, and how-to. The investment news section is highly relevant to stock, commodity and options traders, while the personal finance section focuses on long-term investing.
Econoday
Econoday, founded by Cynthia Parker, is a company that helps investors stay informed of market-moving economic events. It offers print and digital products that make it easier to execute daily trades with confidence and plan long-term financial strategies and investments.
Its premium platform is packed with upgraded charts and interactive graphics, enhanced consensus and detailed economic analysis. It also features a simple summary measure called the Econoday Consensus Divergence Index (ECDI), which shows how an economy is evolving in relation to market expectations.
Despite the recent increase in housing starts, there is still a lot of uncertainty surrounding the economy. This could lead to a decline in consumer spending. It also raises concerns about a potential recession.