Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Mohamed El-Erian, chief economic adviser at Germany-based Allianz, told CNBC on Tuesday that his worst-case scenario could spark a correction in the stock market.
In a "Squawk Box" interview, El-Erian stressed he's not predicting a correction—calling it a "risk scenario, not the baseline."
The former Pimco co-CEO warned it all comes down to whether there's a paradigm shift away from investors believing in a low volatility environment, against a backdrop of an improving U.S. economy and manageable European problems. "If all that changes, then you a looking at at least a 10 percent correction," he said.
El-Erian also predicted a Greek exit from the euro would cause "short-term chaos," but it would not bring the global economy to its knees. He expects short-term losses and a lot of volatility. "The reason it would not be a major catastrophe is because Europe has done a lot to navigate a Grexit [Greek exit]."
Debt talks between Greece and its euro zone creditors broke down late Monday, raising concern ahead of the expiration of Greece's current bailout loan later this month.
Read MoreGreece: The final countdown
On one side of the standoff, Greece sees the euro zone as a house of cards, in which a Greek exit would bring down the rest. Germany, on the other, considers the 19 single currency nations as climbers held together by a rope, with Greece as a weak link that may need to be cut loose.
El-Erian said the truth lies somewhere in the middle if not "more to the 'climbers' characterization than the 'house of cards,' ... [but] not decisive enough to make one side feel that strong."