These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
Rossello is facing public furor over an obscenity-laced online chat that showed the governor and his close advisers insulting women and mocking constituents, including victims...Politicsread more
The United States economy may have been one of the first in the world to have escaped the last recession, but economists are already trying to work out when the next one will hit – and the answer is: probably sooner than you think.
The overwhelming majority of mainstream economists predicts that the world's biggest economy should have at least another two years before it runs into six months of negative growth (the official definition of recession). After 2015, however, the date for the next recession could be any time between the end of 2015 to 2018, according to economists' forecasts.
These predictions are based on the assumption that the U.S. manages to avoid the possibility of defaulting on its debt repayments for the first time in its history – the prospect of which looms nearer every day as the government shutdown continues.
(Read more: Washington deadlocked)
The U.S. Treasury warned last week that a default could cause a "catastrophic effect on not just financial markets but also on job creation, consumer spending and economic growth".
If default is avoided – and markets seem fairly calm about the prospect – then the U.S. is still on track for a recession in 2016, with a 50 percent chance of recession then, according to a note published Monday from Charles Robertson, global chief economist at Renaissance Capital, the Russia-focused bank.
The U.S. economy last suffered a recession between the end of 2007 and June 2009, a downturn sparked by the global financial crisis.
"Ben Bernanke may be a remarkable man, but we are asking a bit much to assume he has abolished the business cycle and created the nirvana of never-ending growth," Robertson added.
Bernanke, in his capacity as Chairman of the U.S. Federal Reserve, has led an asset purchasing program which has kept U.S. borrowing costs relatively low by buying up government bonds. This has been credited with making the slowdown in growth less severe than it could have been.
However, consumer spending, usually a big driver of growth in the U.S., has not picked up in the way many economists forecast. In September, banks including JP Morgan and Barclays downgraded their forecasts for U.S. gross domestic product growth in the third quarter, after a worse-than-expected retail sales rise of 0.2 percent in August.
American consumers are facing inflation in the cost of services like medical care, and less job security. In August, consumer prices rose by 1.5 per cent annually.
Historical data show a recession in the U.S. on average every 6-7 years since 1947, and double-dips within eight years of big recessions like the Great Depression.
- By CNBC's Catherine Boyle. Twitter: .