Business News Lets Investors Access Anywhere in the World
We are immersed in a world of business news. No longer confined to New York, London or Hong Kong, business news is now everywhere and anywhere, and can fill the minds of the intrepid entrepreneur and investor no matter where she lives. From radio to television to the Internet, business news can spread far and wide.
Business news is often one of the first adopters of communications technology. In the early 1800s, when both New York and Philadelphia had thriving stock exchanges, a relay of beacons would communicate share prices between the two cities. Later, one of the very first Morse cables was laid from the New York Stock exchange to Philadelphia, and onward to Washington.
Modern business news began in the 1980s, when 24 hour cable news converged with proprietary information services specifically for traders. The two developments kept share prices transparent at all times, and discouraged arbitrage in any form. The Internet, which the financial sector adopted first, transmitted news between different financial centers, and from financial centers to their dependent cities. Now, investors from other countries had just as clear information about foreign markets as they do about their home market.
Today, business news is multimedia. Take Sky business news. The leading business news provider in the U.K, Sky Business News provides a 24 hour news channel, website, and online streaming. Its foreign bureaus and transatlantic partnerships mean that Sky business news is a one stop shop for business information. Similar news organizations also exist in every other advanced country.
Business news has evolved rapidly in the past twenty years. One could say it is a dizzying pace. When one examines further, he will find that the root of expansion lies in financial innovation. The financial sector has adopted communication technology earliest, for it is always striving for an edge. Fortunately, investors anywhere can have information at any time.