Ray Brady, Longtime Financial Reporter for CBS News, Dies at 94

Ray Brady
Courtesy of CBS News

Ray Brady

He spent 28 years with the company and "brought Wall Street home to Main Street with grace, humor and wisdom."

Ray Brady, who covered business, economics and Wall Street for CBS television and radio for nearly three decades, has died. He was 94.

Brady died in his sleep Tuesday in his Manhattan apartment after a long illness, the network announced.

Brady appeared regularly on the CBS Evening News, where he delivered popular "Money Crunch" segments that helped cash-strapped Americans get more for their money in the 1990s.

For his work on the CBS Evening News With Dan Rather, he won an Emmy in 1982 for a series of reports about unemployed Americans dealing with the recession and was honored by American University in 1998 for a two-part series, "Secrets of the IRS."

Upon his retirement in 2000, then-CBS News president Andrew Heyward said: "Ray's deep knowledge of his field, his powerful sense of integrity, his genuine interest in the people he met along the way and his unflagging passion for the next story make him a great reporter. He was a pioneer who brought Wall Street home to Main Street with grace, humor and wisdom. The men and women who cover the markets today stand on his shoulders."

Born in Philadelphia on April 3, 1926, Brady served in the U.S. Navy during World War II and earned his bachelor's degree in history from Fordham University in 1948.

He began his career as a police reporter for the Long Branch Daily Record in New Jersey, then worked for Forbes and Barron's magazines before serving as the editor of Dun's Review, a publication of Dun and Bradstreet, starting in 1961.

In 1972, Brady joined CBS in New York at Newsradio 880 while still at Dun's Review. He moved to WCBS-TV as business editor in 1976 and was hired as a correspondent for the CBS Morning News a year later.

Brady also contributed to CBS Sunday Morning, reported for the financial news website MarketWatch and stepped in as interim host of PBS' Wall Street Week in the summer of 2000.

Brady was an avid equestrian who participated in foxhunts in New Jersey and Ireland and wrote about his experiences in The New York Times and elsewhere.

Survivors include his stepchildren David and Nicki, three granddaughters and two great-granddaughters. Donations in his memory can be made to St. Benedict's Preparatory School, 520 Dr. Martin Luther King Jr. Blvd., Newark, NJ 07102.