> WSJ isn't as good a new source as it used to be, which makes the game harder.
You don't think the front page of the WSJ would contain a decent summary of the day's business news?
You don't think the front page of the WSJ would contain a decent summary of the day's business news?
If you want long term trend data, it’s easy to get good data for free. It’ll be boring and most trends will be positive (thank our lucky stars we live in the technological era). Unless you have a real passion, you’ll most likely not visit one of these sources twice (World Bank, IMF, FRED in the USA, tradingeconomics.com, the SEC)
If you want short term, real-time data, you’ll likely have to pay for it. The downside is that there’s a deluge of data and almost all of it is useless (unless you care about up-to-the-minute prices for beans in China or whatever).
The job of journalists is to mine all this info for something sensational or, failing that, spin some short term data bump into a big story.
Way back in the 1940’s, there was so little data out there that the WSJ could simply print all the current market events and call it a newspaper. There was so little entertainment out there, that people bought and read that paper!
Information dissemination remains an unsolved problem.
edit: I will say that's a profit opportunity both for those who can spread fake meme news and for those who can bother to see through it, but for the vast middle it is idocracy.
- The Drugs Young Bankers Use to Get Through the Day—and Night
- CEOs Want Trump to Change Course on Tariffs. He Isn’t Budging.
- Untangling America’s Love-Hate Relationship With Corporate Power
Etc, it doesn't really tell you much anything about what's going on in the market. Yahoo Finance on the other hand is a great overview, the upcoming fed meeting is front and center, there's a market overview on the right, highlights of specific big movers, etc.
Not anymore?
Take front page today, first "Opinion" title: "The Trans Double-Mastectomy Lawsuit" (not sure what their stance is here: they went full woke but they're toning wokism down now that Trump won). First big headline: "The drugs young bankers use to get through the day". "America's love/hate relationship with corporate power".
"How an Ivy League Police Commissioner Hunted an Ivy League Murder Suspect"
Facepalm. I mean, sure, if I was reading The Guardian in the UK or something.
But how the fuck has anything of that to do with business and/or finance?
That's what I see first, front page.
Funnily enough the first title related to business or finance is one HN won't like: "These 5 Wall Street Titans Thought Bitcoin Was a Fad. Here’s What They Say Now".
People are making fun of the WJS, calling it the "Woke Street Journal". They've been more interested in pushing the ESG ideology (the one were banks in the US [and the EU] are secretly assigning scores to every US individuals depending on how "ESG friendly" they are), including solar (not that there's everything wrong with solar) and most of all running an anti-Trump / anti-Musk campaign, being sure Harris would won, then running actual news about Wall Street and businesses.
They just lost the plot.
I think they will still trade with too much leverage and poor asset allocation, though.