Matt Egan
Matt Egan is an award-winning reporter at CNN, covering business, the economy and financial markets across CNN's television and digital platforms. Latest Matt Egan is an award-winning reporter at CNN, covering business, the economy and financial markets across CNN’s television and digital platforms. He is based in the network’s New York bureau. Egan has been with CNN since 2014, most recently as lead writer for CNN Business. In that role, he provided breaking news coverage and daily analysis as well as in-depth investigations. Egan also regularly appeared on CNN’s television networks. Since joining CNN, Egan has conducted exclusive and news-making interviews with business leaders, government officials, investors and lawmakers, including JPMorgan Chase CEO Jamie Dimon, Gen. David Petraeus, Senator Elizabeth Warren and Bank of America CEO Brian Moynihan. He helped lead CNN Business’ coverage of the Covid recession, the US-China trade war, the 2020 oil price crash and the Trump tax cuts, among other major stories. Egan wrote a series of articles on turmoil in the overnight lending markets that won the Best in Business award by the Society for Advancing Business Editing and Writing (SABEW) in 2019. Another series of stories Egan wrote on the dismantling of General Electric won an EPPY in 2018 for best business reporting. Egan’s months-long investigation into the Wells Fargo scandal was widely cited by other media outlets, regulators and lawmakers. His Wells Fargo coverage was honored by SABEW and the Society of Professional Journalists. Before joining CNN, Egan was a senior reporter at Fox Business and a staff writer at the Trenton Times. He lives in New Jersey and graduated from The College of New Jersey.
67%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
85%
Examples:
- The author has a strong bias against Trump and his companies, often portraying them in a negative light.
- There is a tendency to use sensationalism and exaggeration when discussing Trump's businesses and their financial performance.
Conflicts of Interest
50%
Examples:
- However, this is not a significant factor in the overall analysis.
- There are instances where the author may have a conflict of interest when reporting on Trump's companies.
Contradictions
86%
Examples:
- The author often reports conflicting information about the financial status and future prospects of Trump's businesses.
- There are numerous contradictions throughout the articles regarding the financial performance of Trump's companies.
Deceptions
64%
Examples:
- The author sometimes provides misleading or inaccurate information about Trump's companies and their financial performance.
- There are instances where the author sensationalizes or exaggerates information to create a negative image of Trump and his businesses.
Recent Articles
Trump's Debate Performance Boosts Truth Social's Stock Price: A Closer Look at the Surge and Its Implications
Broke On: Thursday, 27 June 2024In the first 2024 presidential debate between Donald Trump and Joe Biden, Trump Media & Technology Group's stock surged due to speculation of a strong performance potentially boosting Trump's chances of securing the Republican nomination and increased engagement on Truth Social. Despite the surge, the company reported significant losses and meager revenue in Q1 2024. The debate outcome was seen as a turning point in the race, with investors monitoring stock prices amidst future developments. 
Nobel Economists Debate: Trump's Tax Cuts vs. Biden's Investments - Implications for Inflation
Broke On: Tuesday, 25 June 2024Nobel Prize-winning economists weigh in on the contrasting economic agendas of former Presidents Trump and Biden. While Trump's tax cuts and borrowing could potentially reignite inflation, Biden's focus on investments in human capital is preferred due to broader economic benefits. However, concerns about rising federal debt and revised costs of some initiatives add complexity to the analysis. 
NYSE Technical Issue Causes Drastic Price Fluctuations for Berkshire Hathaway and Other Stocks
Broke On: Monday, 03 June 2024On June 3, 2024, the New York Stock Exchange experienced a technical issue causing significant price fluctuations for stocks like Warren Buffett's Berkshire Hathaway and Barrick Gold. The NYSE attributed the problem to industry-wide price bands published by the Consolidated Tape Association's Security Information Processor. Affected stocks have since reopened, and the issue has been resolved. 
Harvard University Adopts New Policy to Limit Official Statements on External Matters
Broke On: Tuesday, 28 May 2024Harvard University, under new policy, will avoid taking public positions on issues outside its core functions to protect academic freedom and institutional integrity following criticism for past interventions. 
Trump Media & Technology Group Reports Net Loss of $327.6 Million in Q1 2024
Broke On: Monday, 20 May 2024Trump Media & Technology Group (TMTG) reported a net loss of $327.6 million and revenue of $770,500 in Q1 2024 due to non-cash expenses from merger with Digital World Acquisition Corp. Despite losses, CEO Devin Nunes remains optimistic. 
School Leaders Defend Against Antisemitism Allegations: A Neutral Look at Recent Capitol Hill Hearings
Broke On: Wednesday, 08 May 2024During Capitol Hill hearings, school leaders from Berkeley, New York City, and Montgomery County defended themselves against accusations of inaction regarding antisemitism. NYC Chancellor David Banks acknowledged antisemitic incidents but emphasized disciplinary actions taken. Both leaders faced intense questioning from House Republicans. Reports indicate at least a dozen staff and school leaders have been disciplined in NYC, and 30 students suspended for antisemitic incidents. The US Department of Education investigates Berkeley Unified School District for discrimination based on Jewish ancestry or Israeli identity. 
SEC Charges BF Borgers with Massive Fraud in Over 1,500 Filings by Hundreds of Firms
Broke On: Friday, 03 May 2024The SEC has charged accounting firm BF Borgers and its owner Benjamin Borgers with widespread fraud, involving over 1,500 filings by hundreds of firms between 2021 and 2023. The SEC alleges that the firm fabricated audit documentation and falsely represented compliance with US audit standards. Companies like Trump Media & Technology Group, which relied on BF Borgers during this period, have been ordered to work with new auditing partners. 
Trump Media's End Week Market Capitalization Drops Nearly 20% Amidst Merger with Digital World Acquisition Corp.
Broke On: Saturday, 13 April 2024Trump Media's stock price dropped nearly 20% in a week, with Donald Trump owning the majority of its shares. The company went public after merging with Digital World Acquisition Corp. 
Trump's Truth Social Merger Leads to 30% Stock Drop and Financial Losses
Broke On: Tuesday, 09 April 2024Truth Social's stock fell 30% since its merger with DWAC, which had no real operations and faced financial losses. Trump may have misled investors with his post on Truth Social last week. 
Trump Media Faces Financial Difficulties as Stock Price Plummets and Billionaire Calls it a Scam
Broke On: Saturday, 06 April 2024Trump Media, founded by former President Donald Trump, is facing financial difficulties with its stock price falling 49% since initial trading and losing about a third of its value this week. Barry Diller called the platform a scam.