US growth is likely to slow in the second half of the year as tariffs, tighter immigration laws and government cost-cutting efforts led by Elon Musk weigh on the economy, billionaire Steve Cohen said.

Steve Cohen, CEO of Point72 Asset Management, said he is “pretty negative” on the U.S. economy due to a likely slowing of growth in the second half of the year, tighter immigration policies, and DOGE.

Billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly $1 billion in recent months, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Ryan Cohen still has his sights set on Alibaba Group and has been building up his position in the Chinese e-commerce behemoth.

Cohen, the CEO of GameStop and a hero among the meme stock crowd, has grown his bullish bet on the Chinese tech giant to $1 billion, the Journal reported.