Point72's Steve Cohen said he's "pretty negative" on the impact of tariffs, lower immigration, government spending cuts, and inflation on the economy.
Steve Cohen, Point72 and US Economy
PORT ST. LUCIE, Fla. — Mets owner Steve Cohen once again revealed that he’d eventually like to see his team stay below the “Cohen Tax.”
PORT ST. LUCIE — Steve Cohen looked around Citi Field last season and didn’t like what he saw. The empty seats in August and September were shocking to the Mets owner and CEO. The team was in the midst of a heated battle for a playoff spot with their division rivals in Atlanta and the reigning NL champs in Arizona.
Is A.I. any match for the law? Steve Cohen, the billionaire hedge fund investor behind Point72 Asset Management, certainly seems to think so. Point72 Private Investments, an arm under Cohen’s New York-based hedge fund, is the lead investor in a new $75 million funding round for Luminance, a startup using A.I. to draft and negotiate legal contracts.
Owner Steve Cohen griped Tuesday about last year's 9.5% drop, so we asked a few fans their thoughts on the matter.
After signing Juan Soto to a record $765 million, 15-year contract and reaching deals with Pete Alonso, Sean Manaea, Clay Holmes, Frankie Montas, and others, Cohen estimated his team’s payroll at $325 million.
After coming within two games of the World Series and then winning the offseason by landing right fielder Juan Soto to a 15-year, $765 million contract, the Mets have seen a “decent, significant percentage increase” in ticket sales, according to Cohen.
PORT ST. LUCIE — Steve Cohen has visions of dropping below what even he wryly called on Tuesday the “Cohen Tax” threshold. I bet he believes the day is coming in the next few years when David Stearns has overseen a farm system that annually delivers difference makers and depth.
"I've always wanted to be a little more measured in payroll growth, and then we get there and it's never quite there,” Cohen said Tuesday.
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