Billionaire investor Steve Cohen expressed a negative outlook on the U.S. economy, citing concerns about punitive tariffs, immigration crackdown, and federal spending cuts. He believes President Trump’s trade policy could lead to inflation and lower consumer spending, as well as a constrained labor supply due to immigration restrictions. Cohen criticized Elon Musk’s cost-cutting efforts and predicted a potential stock market pullback, with U.S. economic growth slowing to 1.5% from 2.5% in the second half of the year. Despite foreseeing a significant correction, he does not anticipate a disaster.
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30 must-read new thriller books
When a wealthy 10-year-old boy goes missing, his bully, Dylan Grimes, becomes the prime suspect, forcing Dylan's party-girl mother, Florence, to clear his name in Sarah Harman's novel. In C.J. Box's latest Joe Pickett installment, the Wyoming game warden searches for the governor's missing son-in-law in the Sierra Madres. Meanwhile, Alice Feeney's thriller follows a man whose wife vanishes, leading him to a Scottish island where he encounters a mysterious doppelganger. Full Article
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