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by thatguy0900 1034 days ago
Would that be something like the Bloomberg terminal?
1 comments

Bloomberg is indeed the first source that comes to mind when I think "Pay a lot more than most people for a premium newsfeed," but then, on my list of trusted news sources, Bloomberg is ranked somewhere between Russia Today and the Brothers Grimm. Their reporters are literally paid to move the markets [1].

1: https://www.businessinsider.com/bloomberg-reporters-compensa...

Because Business Insider is such a great source. And no, I do not believe the ultra rich employ private inteligence serices preparing morning briefings for them.

If you want just the facts so, try Reuters or AP, basically the source of the majority of news stroies we are fed by media (the exception being in-house investigated stories, but those are rarer by the day and flanked by so much filler articles that it is hard to filter the facts out). Also, professional inteligence organizations can be spectatularly wrong as well. Sometimes a lone, local jourbalist on the ground witj working internet for soke background research has it better. Local, because some random person from far away will lack the necessary backgroing and context to deliver more than some isolated, uninformed, highly objective opinion.

Because Business Insider is such a great source.

Whatever. Read the article. It contains direct quotes.

Accusations of market manipulation are better backed up by strong evidence, because that is actually a fellony.
Illegal or not, it's defamatory if untrue. I assume that Bloomberg would sue for libel if the quote from their reporter were fabricated.

(Read the quote from the reporter carefully: the market isn't what's being manipulated. The news is... and by extension, the reader. The reader is who does the market-moving.)

So, a plain statement of fact then? Your initial claim was that Bloberg rwporters are paid to manipulate / move the market. Said quote doesn't support that.