Andrew Ross
Andrew Ross Sorkin is a prominent financial journalist and author who has made a name for himself as a leading voice on Wall Street and corporate America. He currently serves as a columnist for The New York Times and the founder and editor-at-large of DealBook, an online daily financial report published by The Times that he started in 2001. In addition to his work at The Times, Sorkin is also a co-anchor of CNBC’s signature morning program, ‘Squawk Box’. He has authored a best-selling book on the 2008 financial crisis titled ‘Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System – and Themselves’, which won several awards including the Gerald Loeb Award for Best Business Book. Sorkin is also co-creator of the Showtime drama series ‘Billions’. Over his career, he has broken news of many major mergers and acquisitions in The Times, reported extensively on the financial crisis of 2008 and its aftermath, and led The Times’ coverage of several high-profile deals such as Chase’s acquisition of J.P. Morgan and Hewlett-Packard’s acquisition of Compaq. He is a frequent guest on national television and radio programs, as well as a lecturer at universities across the country.
96%
The Daily's Verdict
This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.
Bias
100%
Examples:
No current examples available.
Conflicts of Interest
100%
Examples:
No current examples available.
Contradictions
86%
Examples:
- CBS could be sold to a company such as Warner Bros. Discovery or other broadcast network owners.
- Economists predict that the era of elevated rates around the world is coming to an end.
- Investors and the Fed are closely watching the Consumer Price Index report for signs of inflation moving closer to its 2 percent target.
- It is widely expected that the ECB will lower interest rates by a quarter percentage point.
- Paramount Plus could be sold to a rival streaming platform, such as Comcast’s Peacock or Warner Bros. Discovery’s Max.
- The S&P 500 is poised to set a new record.
Deceptions
100%
Examples:
- The article uses selective reporting by only mentioning two examples of political divisions (border security crisis and fraying of the American dream) while ignoring many others such as racial inequality, gun violence, etc.
- The author quotes Dimon saying that inflation may be sticky but then goes on to say that it is actually much lower than what investors are pricing in. This contradicts each other and shows deceptive reporting.
- The author’s use of sensationalist language creates a sense of urgency without providing any concrete evidence to support these claims. For example: ‘pivotal moment for America and the free world’
Recent Articles
Fed Expected to Leave Interest Rates Unchanged: A Boon for Savers Amidst Economic Uncertainties
Broke On: Wednesday, 12 June 2024The Federal Reserve is expected to leave interest rates unchanged at their meeting this week, with investors anticipating reductions later in the year. Elevated interest rates have benefited short-term savers, offering top yields on savings accounts and CDs. However, central bankers remain uncertain about inflation and the economy's future direction. 
ECB Set to Cut Rates: Implications for Euro, Inflation, and Global Markets
Broke On: Wednesday, 05 June 2024The European Central Bank (ECB) is set to cut borrowing costs for the first time since 2019, ending record-fast hikes amid falling Eurozone inflation and a weak economy. ECB President Christine Lagarde will address the governing council meeting on April 11, 2024. Despite some analyst skepticism about recent inflation figures, the ECB is expected to lower its key interest rate from 4% to 3.75%, weakening the euro while US rates continue tightening. 
Nvidia's Dominance in AI Chip Market: $2.4 Trillion Valuation and Anticipated Q3 Product Release Boost Growth
Broke On: Wednesday, 22 May 2024Nvidia, a tech company specializing in AI chips, saw its market valuation triple to nearly $2.4 trillion by May 2024 due to high demand from tech giants and its dominant share in the market. With innovative products like new Blackwell chips and strong financial performance, Nvidia is expected to lead the AI and data center technology sector for years. 
Asia-Pacific Markets Mixed Amidst Nvidia Earnings Anticipation and Economic Data Releases: Japan's Trade Deficit and Indonesia Central Bank's Decision
Broke On: Wednesday, 15 May 2024The S&P 500 hit a new record on May 22, as investors anticipated strong earnings from tech giant Nvidia Corp. and looked to economic data from Japan. Asian markets showed mixed results, with Japan's market slipping slightly due to a trade deficit. Elsewhere in Asia, Australian, Hong Kong, and mainland Chinese shares edged higher. Analysts remain optimistic about the long-term prospects for Asian stocks despite short-term volatility. Upcoming CPI Report: Anticipated Inflation Rate Drops Slightly, but Core Inflation and Shelter Costs Remain High
Broke On: Wednesday, 15 May 2024The upcoming Consumer Price Index (CPI) report is projected to show a 0.4% monthly increase in consumer prices, with an annual inflation rate of 3.4%. Core inflation, excluding food and fuel prices, is expected to rise by 0.3% monthly and 3.6% annually. The Federal Reserve is closely watching shelter-related costs and the unexpected increase in producer price index (PPI), which could lead to upward pressure on consumer prices. 
Sony and Apollo Battle it Out for Paramount Global: Who Will Secure the Iconic Media Conglomerate?
Broke On: Thursday, 09 May 2024Sony and Apollo are engaged in a bidding war for Paramount Global, the media conglomerate owning CBS and Paramount Pictures. Sony, a Japanese electronics company, aims to acquire the firm for its iconic film library including Paramount Pictures' iconic films. Buffett and Abel to Lead Berkshire Hathaway Annual Meeting Amid Challenges and Munger's Absence
Broke On: Friday, 03 May 2024Warren Buffett and Greg Abel will lead Berkshire Hathaway's annual shareholder meeting in Omaha on May 3, 2024, following Charlie Munger's passing. The event is expected to address challenges faced by the company's major businesses and discuss its future post-Buffett. Berkshire Hathaway shares are suggested as undervalued by CFRA. 
Microsoft's $1.5 Billion Investment in Emirati AI Company G42: A Strategic Move Against China's Influence
Broke On: Tuesday, 16 April 2024Microsoft invests $1.5 billion in Emirati AI company G42, marking a strategic move to counter China's influence and protect US intellectual property. With Microsoft President Brad Smith joining G42's board and the company leveraging Azure cloud platform for AI endeavors, this deal could set a precedent for US firms in the Gulf region and boost UAE as a tech hub. NAHB Housing Market Index Flat in April Amid Mortgage Rate Uncertainty and Middle East Tensions
Broke On: Monday, 15 April 2024Homebuilder stocks declined on Monday following a flat reading in the NAHB/Wells Fargo Housing Market Index, as rising mortgage rates and buyer uncertainty weighed. Meanwhile, tensions in the Middle East put pressure on oil markets and global equities after Iran attacked Israel. 
JPMorgan Chase CEO Warns of High Inflation and Interest Rates Due to Excessive Government Spending in the US
Broke On: Tuesday, 09 April 2024Jamie Dimon, the CEO of JPMorgan Chase, has cautioned that inflation and interest rates may remain high due to excessive government spending in the US. He also highlighted the need for more investment in green energy transition, global supply chain restructuring, military expenditure boosting and rising healthcare costs. Dimon's warning contradicts investors' hopes for a soft landing and suggests that inflation may be persistent and recession risks high. He also warned about global uncertainty caused by conflicts in Ukraine, Middle East, public investment for green transition and trade relationships.
