
Steve Cohen Says Probability of US Recession Now Stands at 45%
'We aren't in a recession yet, but we have significant slowing growth,' said the founder of hedge fund Point72 Asset Management, speaking Wednesday at the Sohn Investment Conference in New York.

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USA Today
2 days ago
- USA Today
Steve Cohen sounded off on the Mets' brutally disappointing stretch
Over the past 16 games, no MLB team has fewer wins (three) than the Mets. And after getting swept by the Pirates over the weekend, Mets owner Steve Cohen couldn't stay quiet about his disappointment. The Mets went into the season with baseball's highest payroll and took a big swing by landing Juan Soto to a 15-year, $765 million contract. They also re-signed Pete Alonso. Cohen's plan was to go all-in on a team that showed serious signs of contention with last year's run to the NLCS. It's still early, but Cohen could sense that the season was slipping away. So, he took to Twitter/X and voiced his frustration on Monday. Though Cohen was hopeful the pitching would improve as Kodai Senga, Tylor Megill and Sean Manaea return from injury in the coming weeks, he didn't see how the offense would be able to come up with clutch hits. The Mets head into July atop the NL wild-card race, but it'll take much better than a 3-13 stretch to maintain a playoff spot. Cohen obviously knows that.


CNBC
5 days ago
- CNBC
Tariffs will drive core inflation above 3 percent range, says Point72's Dean Maki
CNBC's Steve Liesman and Point72 Asset Management's Dean Maki, join 'The Exchange' to discuss the Fed's next moves and the economy.


Bloomberg
5 days ago
- Bloomberg
NYC's $4.4 Billion Casino Battle Now Lies With Gambling Skeptics
Vicki Been, the chair of New York's Gaming Facility Location Board, says she's never been to a casino. 'That's nowhere I want to spend my time,' said Been, a former deputy mayor for housing and economic development for New York City. She now leads the board that will decide which three of eight high-profile bidders — Mets owner Steve Cohen and MGM Resorts International among them — will win a license to operate a casino in downstate New York. The initial bids are due Friday. To win backing, the proposals make big promises: Thousands of housing units, green spaces, and lots and lots of jobs. And the estimated payoff for the owners of three successful projects in the most populous US city is a whopping $4.4 billion in annual gambling revenue, according to Spectrum Gaming Group.