Just as "spin" has taken over politics in America, so too has it come to define the long bull market on Wall Street. The booming trade in stocks, which has become a national obsession, has produced an insatiable demand for financial intelligence - and plenty of new, highly paid players eager to supply it. On television and the Internet, commentators and analysts are not merely reporting the news, they are making news in ways that provide huge windfalls for some investors and crushing losses for others. And they often traffic in rumor, speculation, and misinformation that hit the market at warp speed. Howard Kurtz, widely recognized as America's best media reporter, and the man who revealed the inner workings of the Clinton administration's press operation in the national bestseller Spin Cycle, here turns his skeptical eye on the business-media revolution that has transformed the American economy. He uncovers the backstage pressures at television shows like CNBC's Squawk Box and CNN's...

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