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  53% of Industries Shed Workers: Zandi Warns Recession Imminent | Moody's Chief Economist Sounds Alarm Key Takeaways Mark Zandi from Moody's Analytics warns the U.S. economy sits "on the precipice of recession"  Over 53% of industries cut jobs in July 2025 , only healthcare added workers meaningfully  Consumer spending has flatlined while construction and manufacturing contract  Federal Reserve faces difficult choices with rising inflation complicating stimulus options  Historical patterns show widespread industry job cuts typically precede recessions  July layoff announcements spiked 140% with nearly half tied to AI and technology updates  DOGE-related federal cuts contributed to record-breaking job elimination numbers in early 2025 The Numbers Don't Lie, Most Industries Are Cutting Workers The data tells a stark story. In July, over 53% of industries were cutting jobs, and only healthcare was adding meaningfully to payrolls. Mark Zandi, chief...

AI Billionaires Surge: Record Wealth Creation & Unicorn Boom Key Takeaways 498 AI unicorns now exist with valuations of $1 billion or more OpenAI leads valuations at $300 billion, followed by Anthropic at $61.5 billion Sam Altman's net worth reached $1.8 billion by July 2025 29 new AI billionaires emerged from the recent boom CoreWeave founders became billionaires despite IPO struggles Anthropic funding round created seven new billionaires overnight $699 billion in collective valuations for top 34 companies in 2025 Record pace of wealth creation surpasses previous tech booms The Numbers Don't Lie, AI Money Floods Silicon Valley The cash flows like water through broken pipes in Palo Alto. There are now 498 AI "unicorns," or private AI companies with valuations of $1 billion or more , a number that sounds made up until you see the bank statements. Sam Altman sits at his desk worth $1.8 billion as of July 2025, though some sources peg it closer to $2 billion...