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Recession Alert: Over Half of U.S. Industries Now Cutting Jobs, Moody’s Warns

A stark economic warning from Moody’s Analytics reveals that two-thirds of U.S. states are either in recession, at high risk, or treading water – representing about 66% of America’s GDP.

Chief economist Mark Zandi identifies 22 states already in trouble, including major economies like Massachusetts and Washington, while only 16 states continue expanding. The recession probability stands at 49% for the next year, with the economy most vulnerable in late 2025.

Red flags are mounting: over half of U.S. industries are cutting jobs, and recent employment revisions show June’s job growth was actually just 14,000, not the initially reported 147,000. Only healthcare continues meaningful hiring.

Bloomberg terminal showing gold spot price falling, beside gloved hands handling a 1000g gold bar — why is gold falling explained
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Gold Fell. China Bought Its Most in 17 Months. Here’s Why.

Five things drove gold and silver lower this week — a stronger dollar, spiking Treasury yields, the hottest US producer inflation in over three years, a new Federal Reserve chair, and a Trump-Xi summit with no deal. All five are documented and short-term. Meanwhile, the People’s Bank of China quietly made its largest gold purchase in 17 months. That contrast is the story.

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Bloomberg terminal showing gold spot price falling, beside gloved hands handling a 1000g gold bar — why is gold falling explained
News

Gold Fell. China Bought Its Most in 17 Months. Here’s Why.

Five things drove gold and silver lower this week — a stronger dollar, spiking Treasury yields, the hottest US producer inflation in over three years, a new Federal Reserve chair, and a Trump-Xi summit with no deal. All five are documented and short-term. Meanwhile, the People’s Bank of China quietly made its largest gold purchase in 17 months. That contrast is the story.

Read More »
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