Business News is the branch of journalism that tracks, records and analyzes the commercial activities of people and companies. It can be found in newspapers, magazines and newswires. Business news also includes economic and financial information, which often has a direct impact on investors, traders and other people who make decisions that affect businesses. The first journalist to regularly publish business news was Daniel Defoe, author of Robinson Crusoe. His reports and writing influenced the work of future business journalists, including Ida Tarbell.
The term “business” has multiple definitions, but it is primarily used to describe the production and selling of goods or services. Businesses may be for-profit or not-for-profit, depending on whether profit is returned to owners. Alternatively, it can refer to an entire industry (e.g. the music business). It can also refer to an activity that is undertaken for profit, or even to a particular part of a company’s operations (e.g. the marketing business).
There are a wide variety of business structures, from sole proprietorships to corporations. Some are small, locally based enterprises, while others are large international organisations that operate across many industries worldwide. Most businesses are owned by private individuals, but some are publicly traded on the stock market and therefore accessed by the public at large. Some, such as non-profits, may invest all profits back into achieving stated goals or improving infrastructure.
A successful business requires a large investment, and it is common for entrepreneurs to lose money in the early stages of development. To overcome this, a business plan is developed to guide the company’s growth and profitability. This plan is often updated as the business expands and develops to account for changing consumer and regulatory trends.
Keeping up with business news is critical for companies and individuals, as it can have a major impact on investment outcomes. However, the vast amount of information available can be overwhelming. To help, we’ve compiled some of the best resources to keep you up-to-date with the latest business news.