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
U.S. economic growth may cool off but that doesn't mean there's a crisis ahead, widely followed economist Mohamed El-Erian told CNBC on Tuesday.
Economists have been forecasting a slower second half of 2019 and that's led some to some fear about a recession by the end of this year or next year.
"This concept that a slowdown in the U.S. means recession or means a financial crisis — that's just wrong," said El-Erian, chief economic advisor at Allianz.
"What happened in 2008 was very special. It's because the banking system was at risk. And the minute you put the banking system at risk, you put the payments and settlement system at risk. We're not there," he told "The Exchange. "
According to the latest CNBC Fed Survey in December, respondents saw a 23 percent chance of recession in the next 12 months.
Meanwhile, nearly half of chief financial officers surveyed by Duke University in December said they expect a recession by the end of 2019.
El-Erian said while there may be small pockets of economic weakness, overall the economy is doing well.
In fact, the latest employment report bears that out, he said. Nonfarm payrolls surged by 312,000 in December, far surpassing expected growth of 176,000.
However, El-Erian is concerned about what the rest of the world can do to the U.S. economy. He's specifically worried about China and Germany, where "scary" data on industrial production was released Tuesday.
"U.S. leadership globally is really important because you've got to get other countries to focus on pro-growth policies," he said.
This isn't the first time El-Erian has dismissed recession fears. He told "Squawk Box " in December that he was "stunned" by all the talk. He also warned that the concern over a recession could actually cause one.
"We've got to be careful because we can talk ourselves into a recession. And that's how bad technicals become bad economics," El-Erian said at the time.