NYT, WSJ, or Bloomberg?
For financial and market updates: The New York Times, Wall Street Journal, or Bloomberg?
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Journal or GTFO
Sounds like somebody's sad that they don't have their own Terminal at home.
All of them, but I find Bloomberg is the most timely, particularly if you're not dealing with the 15 minute delay they have in before anything posts to the website. If you don't like orange, BBG<GO> eliminates it and gives you the equivalent to a premium++ subscription eliminating the delay. (I'm not sure such a thing actually exists) I also get access to five newspapers named "The Times" alone. (ToL, NYT, LAT, Straights Times (Singapore) and Times of India) With all of them you can see that most stuff is published at their publication deadline. (3AM ET for the NYT)
I'll take FT over NYT and BBG but yeah, Journal for sure
Apparently unpopular opinion but BBG and FT are my picks for finance. WSJ feels like it's aimed at people with a broad, surface-level knowledge of finance. BBG and FT feel more targeted towards finance professionals and take deeper dives. That said I think the WSJ is best at more normal business-world news if that makes sense. Like for example, in March there was the story that leveraged basis trades blew up at a lot of hedge funds. The WSJ article on it essentially gave me 0 understanding of what exactly the trade was while the BBG coverage was much more granular.
If you can swing it, go Financial Times. Amount of content they pump out w/ analysis is insane and it feels wayyy more catered towards finance professionals.
Also enjoy perusing the real estate articles with Tuscan villas I’ll never be able to afford.
WSJ, Bloomberg Media.
Litquidity
NYT for market updates? Did you go to Berkeley too?
No, I went to a Top 50 Business School.
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FT is awesome, I would go that route.
Do you have access to a Terminal? The FT is one of the few sources that doesn't share with Bloomberg, so I am interested in how they compare if you try to put them head-to-head for realtime data. I've bought hardcopies a few times, and have no complaints with their writing and analysis, but realtime, and 12 hours after the fact journalism are different beasts.
I have both - BBG is way better for real time, FT is better for analysis journalism. Both great medias.
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I currently have FT, Bloomberg, WSJ, and NYT and if you have to choose, definitely go for FT and/or Bloomberg
Used to have the FT as a student at the discounted rate. Now I read WSJ because it's free at my firm. The amount of articles the FT puts out got too much for me anyway. I still listen to the FT Morning Briefing podcast, though. For more detailed (and amusing) analysis I like Matt Levine's Money Stuff newsletter at Bloomberg. But he's on hiatus right now.
Matt Levine is great, his "everything is securities fraud" sections always crack me up.
Haven't seen much discussion in this thread about alternatives. Anyone actually use TheStreet, Seeking Alpha, MarketWatch, Investing.com or something like that?
I read Seeking Alpha from time to time. There are some really good analyses on there - some really awful ones too. Problem is at a certain point you have so many true 'analysts' within a sector, stock, region that you have access to there just isn't much point to go there to get information. I don't mean to disrespect it - the professionals may not have much better views than some amateurs - but I generally am not quoting it to a client.
Nothing beats a Bloomberg terminal news wise as a general matter - supplementing with FT and WSJ generally is a good way to go for commentary. Candidly I've found that twitter, with the right scrubbing, can yield a lot of interesting articles, announcements, etc. I might not otherwise notice or think are relevant. They still may not be - but I've found it useful as an aggregator.
The others I used to use back in college - but nowadays, not really what I'd default to or go to.
The idea of NYT discussing markets is laughable
Are you talking Bloomberg.com or the Terminal? I'm not sure if Bloomberg.com is refreshing any faster than WSJ, but Bloomberg Terminal for news is the way to go if you want headlines the second or minute after they actually happen. WSJ seems better to me than Bloomberg.com. NYT is for sure the worst of the 3.
All the above + FT.
If you are a broke intern, then at least sign up for two free daily emails:
Matt Levine's Money Stuff from Bloomberg (on hiatus, needs to get back from Paternity leave ASAP) Having a sarcastic former WS white shoe lawyer and GS derivatives trader opine on the day's events is the best work email you will get. Provides a great 5-10 min break from work. His fixation on how "Everything is Securities Fraud" has been hilarious.
Andrew Ross Sorkin's Dealbook from NYT. This is alright if you take it for what it is: a light commentary on the bigger news items you should know walking into the office.
none of the above
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