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Story summary
- Mark Zandi, chief economist at Moody's Analytics, says nearly half of US states face recession risk and 23 states account for 31.8% of GDP.
- Major corporations cut over 150,000 jobs in October, the highest total in two decades.
- California and New York are not in recession, but face pressures that could affect the economy.
- The Nasdaq rose 0.6% as Wall Street stays cautious, despite skepticism from investor Michael Burry about AI.
