Regulators are close to reviving a rule requiring companies to be transparent about how much more CEOs make than the rank-and-file, The Wall Street Journal reported.» Read More
UPDATE: The comments are fixed! Everyone enjoy, especially you, Mr. Clumpus. We appreciate your patience and sorry for the inconvenience.
We've gotten a fair amount of email lately asking us what the heck we did with the comments section on our stories.
In all the coverage of Carnival Cruise's Triumph-not episode, a recurring question comes up: Why didn't they offload the passengers?
Expert after expert has the same answer: It's dangerous. (Check out the video for an example)
You see a certain amount of incredulity about this answer, be it in the interviewer's eyes or the readers' comments. And you can understand the thinking to a certain extent…it's a boat on water. Pull another boat up, jump across, move on…what's so hard?
We, we've heard a lot about the "January Barometer" this past week. That's the notion that if the stock market finishes positive for the month of January, it will finish positive for the year as a whole. We certainly had a strong January. But let's not get carried away, folks. It's really the stock market's version of a groundhog's shadow.
People, and media, love predictors. They have cute names (great for headlines), simplify complicated situations, and add tension to what can be a sometimes dry and lengthy process.
Prepare for a lot more discussions in coming months about "dark pools." Thank goodness. Maybe it can shake off some of the Flash Crash funk still hanging around.
"Dark pool" is Wall Street slang for private stock trading platforms operated for the most part by brokerages.
They were started essentially to help institutions hide big buy and sell orders. On public exchanges, you see, savvy traders can spot an outfit trying to execute a big order and front run it … basically driving the offered stock price up or down in anticipation of the demand effect of the huge order.
But in a dark pool, identities and total order sizes are kept hidden until the trade is executed. So a large pension fund or mutual fund can make a major investment move without fear of trader-predators homing in and making the transaction more expensive. That's good for the customers of those funds, like retirees and retail investors.
It's time for my annual defense of our coverage of the business of pornography.
This is the time of year, you see, when the adult entertainment world holds its annual convention and awards show in Las Vegas. We cover the show and put together a package of stories detailing how the business has fared lately and what kind of changes it is facing.
Adult entertainment is a $14 billion industry. It also lies at the center of a lot of societal debate and technological innovation. That merits our coverage, despite the taboo nature of the subject matter. It's an argument I've made again and again.
Admittedly some industries are more taboo than others. But ignoring them doesn't make them any better or any worse. It just makes them less understood.
Well, we've finished installing our new content management system at CNBC.com and there were a few hiccups here and there unfortunately.
One notable flaw that readers should be aware of: The time stamps on our stories are showing earlier times than the actual publication time in some cases. This has to do with file creation and internal logging and all sorts of technical stuff that would make the ordinary reader's eyes glaze over.
Suffice it to say we know about it and are working on a fix. In the meantime where we find specific instances, we're going in and correcting it manually.
We had some other issues crop up, mostly to do with internal production. But if you see anything you miss or think we should be aware of, please drop us a note.
We've made some major changes here at CNBC.com over the weekend. And if it went as well as we think it did, you'll barely notice anything.
CNBC has a new fan...possibly our youngest...thanks to our fiscal cliff coverage.
We had some gem stories this week that we wanted to bring to your attention, just in case you missed them amid Pentagon Wives headlines.
The old asset allocation game may be in for some hiccups this season, if some comments by recent guests on CNBC are any indication.
What's the asset allocation game? That's the exercise all investors…especially mom and pop investors…should go through a couple of times a year. If you are not doing it, shame on you.