Business news is the branch of journalism that covers the economic and financial activities and changes in businesses. It is typically found in newspapers, magazines, radio and television. This area of journalism has a long history. Around 1700, Daniel Defoe, author of Robinson Crusoe and other novels, began publishing what would become known as a business news paper. In 1882, Charles Dow and Edward Jones founded a wire service that delivered business news to investment houses along Wall Street. Other notable publications include The Financial Times and the New York Stock Exchange.
A company, in the broadest sense of the word, is an organisation that trades goods or services for profit. It may also operate with a social purpose, such as those that offer healthcare or education. Regardless of their type, all businesses share some common characteristics: they are profit-seeking and compete for customers.
Businesses can be owned by individuals or groups, and they may be privately or publicly held. Those that are privately held often focus on building brand and driving revenue growth through strategic partnerships. Some businesses are even listed on a public stock market, meaning they can be bought and sold by anyone with the money to invest.
The nature of business is varied and complex, and the term itself has many different interpretations. It can mean anything from a side hustle to a massive corporation. However, the most important characteristic of a business is seeking profits through activities that provide value to others. This is achieved through a competitive process, which involves risk-taking and innovation.
Katelyn Andrews is the content marketing specialist at Business News Daily, where she uncovers the types of news and information small business owners need to thrive in today’s economy. She has more than a decade of experience working with and for small business in multiple industries. She combines her background in small business operations with her expertise in search engine optimization and SEO writing to develop content that is most valuable for readers.
Eric Noe is the editor-in-chief of Business News Daily, running all editorial content operations. He has 15 years of experience running digital content teams in traditional media and the startup world. His executive management work has spanned global and business news, philanthropic social impact campaigns and brand-building content. He holds a bachelor’s degree in English and creative writing from Weber State University. He is also a certified Google AdWords professional.