Description
Investor's Business Daily (IBD) is an American newspaper and website covering the stock market, international business, finance and economics. Founded in 1984 by William O'Neil as a print news publication, it is headquartered in Los Angeles, California. Formally holding a conservative political stance, IBD provides news and analysis on stocks, mutual funds, ETFs, commodities, and other financial instruments aimed at individual investors and financial professionals. It ended the Opinion business in 2019, focusing only on investing. Those opinion writers have since created their own site, Issues & Insights.
In March 2016, the company announced that IBD would become a weekly publication and would focus more on digital operations. The publication will continue to use the Investor's Business Daily name as it will continue to publish daily on its website. In May 2016, the company officially switched to a weekly print publishing schedule and published its first issue of IBD Weekly while continuing to update its website daily.
History
Entrepreneur and stockbroker William O'Neil founded the newspaper in 1984 due to frustration with the lack of data about stocks in newspapers. In 1991, the publication's name was changed from Investor's Daily to Investor's Business Daily.[5] In 1994, ten years after its founding, IBD was ranked among the fastest-growing newspapers in the country.
In 2005, the political cartoonist Michael Ramirez joined IBD. In 2008, Ramirez won his second Pulitzer for editorial cartooning while at the company.
In 2015, the IBD website was accessed by over 4 million monthly visitors. In 2016, it was announced that the company would change its printing schedule to once a week, but continue to publish new content to its website daily. In May 2016, the first issue of IBD Weekly was published while the media outlet continued to publish new digital content daily.
During the 2016 presidential election in the U.S., IBD was one of two polls that correctly predicted a Donald Trump victory. Leading up to the election, IBD's poll had been dismissed as being an "outlying survey," but it was rated as one of the closest to the final result.
On March 25, 2021, News Corp announced the acquisition of Investor's Business Daily, which will become part of the Dow Jones division when the sale is expected to close later this year.
