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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Huge fire breaks out in Manchester with people evacuated and train lines blocked
A major fire has erupted at the derelict Hotspur Press building near Oxford Road station in Manchester, leading to the evacuation of nearby apartments and significant disruption to train services. Greater Manchester Fire and Rescue Service is on scene with 20 fire engines, combating flames that have engulfed three floors of the building, while residents are advised to stay clear of the area. Need More Context? 🔎
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