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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GE2025: Campaigning rolls into day 3 after flurry of rallies
SINGAPORE: The General Election campaigning continues into its third day, with candidates engaging in morning walkabouts and meet-and-greets following a lively night of rallies. Updates on the election activities are being provided, including a live blog for real-time coverage. For further information, readers can access additional features like newsletters, the CNA app, and WhatsApp alerts to stay informed on the latest developments. Full Article
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