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Trump’s ‘buy’ tip on social media before his tariffs pause made money for investors who listened

Trump’s ‘buy’ tip on social media before his tariffs pause made money for investors who listened
Traders work on the floor of the New York Stock Exchange (NYSE) during afternoon trading on April 9, 2025 in New York. Wall Street stocks rocketed to close solidly higher Wednesday, with dramatic advances on all three major indexes as US President Donald Trump delayed steep new tariffs hours after they took effect. (AFP)
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Updated 12 April 2025

Trump’s ‘buy’ tip on social media before his tariffs pause made money for investors who listened

Trump’s ‘buy’ tip on social media before his tariffs pause made money for investors who listened
  • Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5 percent by the end of trading
  • Trump Media closed up 22.67 percent, soaring twice as much as the broader market, bested only by another Trump special adviser Elon Musk’s Tesla

NEW YORK: When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses.
But that was about to change.
“THIS IS A GREAT TIME TO BUY!!! DJT,” he wrote on his social media platform Truth Social at 9:37 a.m.

Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5 percent by the end of trading. The market, measured by the S&P 500, gained back about $4 trillion, or 70 percent, of the value it had lost over the previous four trading days.
It was a prescient call by the president. Maybe too prescient.
“He’s loving this, this control over markets, but he better be careful,” said Trump critic and former White House ethics lawyer, Richard Painter, noting that securities law prohibits trading on insider information or helping others do so. “The people who bought when they saw that post made a lot of money.”
The question is, Was Trump already contemplating the tariff pause when he made that post?
Asked about when he arrived at his decision, Trump gave a muddled answer.
“I would say this morning,” he said. “Over the last few days, I’ve been thinking about it.”
He then added, “Fairly early this morning.”
Asked for clarification on the timing in an email to the White House later, a spokesperson didn’t answer directly but defended Trump’s post as part of his job.
“It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering,” wrote White House spokesman Kush Desai.
Another curiosity of the posting was Trump’s signoff with his initials.
DJT is also the stock symbol for Trump Media and Technology Group, the parent company of the president’s social media platform Truth Social.
It’s not clear if Trump was saying buying stocks in general, or Trump Media in particular. The White House was asked, but didn’t address that either. Trump includes “DJT” on his posts intermittently, typically to emphasize that he has personally written the message.
The ambiguity about what Trump meant didn’t stop people from pouring money into that stock.
Trump Media closed up 22.67 percent, soaring twice as much as the broader market, a stunning performance by a company that lost $400 million last year and is seemingly unaffected by whether tariffs would be imposed or paused.
Trump’s 53 percent ownership stake in the company, now in a trust controlled by his oldest son, Donald Trump Jr., rose by $415 million on the day.
Trump Media was bested, albeit by only two-hundreds of a percentage point, by another Trump administration stock pick — Elon Musk’s Tesla.
Last month, Trump held an extraordinary news conference outside the White House praising the company and its cars. That was followed by a Fox TV appearance by his commerce secretary urging viewers to buy the stock.
Tesla’s surge Wednesday added $20 billion to Musk’s fortunes.
Kathleen Clark, a government ethics law expert at Washington University School of Law, says Trump’s post in other administrations would have been investigated, but is not likely not to trigger any reaction, save for maybe more Truth Social viewers.
“He’s sending the message that he can effectively and with impunity manipulate the market,” she said, “As in: Watch this space for future stock tips.”


Brazilians protest against a bill that could lead to a pardon for Bolsonaro and allies

Updated 7 sec ago

Brazilians protest against a bill that could lead to a pardon for Bolsonaro and allies

Brazilians protest against a bill that could lead to a pardon for Bolsonaro and allies
SAO PAULO: Thousands of Brazilians protested in all 26 states and the federal district Sunday against a possible pardon for former President Jair Bolsonaro and his allies, who were convicted of attempting a coup.
Calls for demonstrations grew after the lower house Tuesday passed a constitutional amendment that would make it harder to arrest or launch criminal proceedings against lawmakers. The measure now heads to the Senate.
The following day the lower house voted to fast-track a bill backed by right-wing opposition lawmakers that could grant amnesty to Bolsonaro, his closest allies and hundreds of supporters convicted of their roles in the January 2023 uprising.
In São Paulo, 42,400 people joined the protest, while 41,800 turned out in Rio de Janeiro, according to estimates by the University of São Paulo’s Monitor of Political Debate and the nonprofit More in Common.
Pablo Ortellado, director of the Monitor of Political Debate, told The Associated Press the numbers in Brazil’s two largest cities were the highest for a left-wing demonstration since President Luiz Inácio Lula da Silva’s 2022 electoral victory. Researchers estimated crowd sizes using drone photos.
“Right-wing mobilizations have typically been three times larger than those of the left,” Ortellado said. “In recent months, that pattern has changed. The opposition’s support for (US President Donald) Trump’s tariffs and for the amendment has brought the left back to the streets.”
Bolsonaro was sentenced to 27 years and three months in prison on Sept. 11 for attempting to stay in power after losing a 2022 reelection bid. He is the first former president convicted of trying to overturn an election in Latin America’s largest economy. Bolsonaro has denied any wrongdoing.
Ana Paula Brito, a 37-year-old nanny, attended the São Paulo protest mainly to oppose a possible pardon for Bolsonaro. She said she was also outraged by the proposed amendment shielding lawmakers from prosecution.
“They (politicians) are rich, have plenty of money and keep stealing. No funds are ever released for us. That’s one more reason we’re in the streets today,” Brito said.
Some of Brazil’s most prominent artists helped organize and promote Sunday’s demonstrations.
Music legends Caetano Veloso, Chico Buarque and Gilberto Gil — who defied censorship during the military dictatorship of the 1960s — reunited in Rio de Janeiro’s Copacabana neighborhood to protest.
“I was outraged by the news that many deputies voted in favor of a shielding law for themselves and their colleagues,” Veloso told Brazilian news outlet UOL in an interview published Saturday. “This, along with a proposal for amnesty for the coup plotters. I think I identified with the majority of the Brazilian population, who do not want these things to go through.”
Brazilian actor Wagner Moura attended the protest in Salvador, Bahia. Speaking to the crowd from the top of a truck, he said he was not willing to talk about the legislative proposals. Instead, he emphasized “this extraordinary moment in Brazilian democracy, which serves as an example to the entire world.”
Sunday’s protests were organized by artists and left-wing groups that have struggled to mobilize large crowds compared with the right. On Sept. 7, ahead of Bolsonaro’s Supreme Court trial, thousands of his supporters rallied in his defense.
Two weeks ago, right-wing demonstrators unfurled a huge US flag during a protest in Sao Paulo, with many thanking Trump for the sanctions against Brazil.
Trump called the trial a witch hunt, and in July announced a 50 percent tariff on Brazilian imported goods and explicitly linked the import tax to Bolsonaro’s fate. Later, the US Treasury Department placed sanctions on Supreme Court JusticeAlexandre de Moraes, who oversaw the case and is seen by Bolsonaro as a foe.
On Sunday, the left sought to counter that symbolism by unfurling a giant Brazilian flag on the same avenue. Posters, T-shirts and stickers not only rejected amnesty and expanded protections for lawmakers but also asserted national pride and defended Brazil’s sovereignty in response to Trump’s sanctions.
Polls show the country remains deeply divided over Bolsonaro.
According to a Datafolha poll released Sept. 16, 50 percent of respondents said Bolsonaro should be jailed, while 43 percent disagreed and 7 percent declined to answer. The survey interviewed 2,005 people nationwide and had a margin of error of 2 percentage points.

Arrest tally grows after Philippine anti corruption protest clashes

Arrest tally grows after Philippine anti corruption protest clashes
Updated 57 min 48 sec ago

Arrest tally grows after Philippine anti corruption protest clashes

Arrest tally grows after Philippine anti corruption protest clashes
  • Thousands of Filipinos rallied in Manila on Sunday to vent their anger over a ballooning scandal involving bogus flood control projects believed to have cost taxpayers billions of dollars
  • According to a statement released Monday by the department of health, about 50 people were brought to a single Manila hospital following the clashes

MANILA: Police in the Philippine capital arrested more than 200 people during clashes with masked protesters that erupted on a day of largely peaceful anti-corruption demonstrations, a spokesperson said Monday.
At least 88 minors were among the initial count of 216 taken into custody Sunday as police deployed water cannons and deafening sirens against crowds of mostly young, rock-throwing protesters.
Manila City Mayor Isko Moreno said a 12-year-old boy was the youngest detained.
Thousands of Filipinos rallied in Manila on Sunday to vent their anger over a ballooning scandal involving bogus flood-control projects believed to have cost taxpayers billions of dollars.
The scandal has seen numerous lawmakers implicated and the leaders of both houses of Congress step down from their positions during an investigation.
But Sunday’s street battles, which saw multiple police vehicles set ablaze and the windows of a precinct headquarters shattered, threatened to overshadow demonstrations that had been filled with families, activists, clergy and politicians.
“So far, none of them are saying the reasons behind their actions or if somebody paid them to do it,” regional police spokesperson Major Hazel Asilo told AFP.
“As soon as we know their affiliations, we can know if they were part of the protesters or if they were just causing trouble,” she added.
According to a statement released Monday by the department of health, about 50 people were brought to a single Manila hospital following the clashes.
Another police spokesperson, Major Philipp Ines, said 93 officers had been injured on Sunday, while adding the number of arrested could yet rise as people were still being processed.
Rage over the so-called ghost infrastructure projects has been mounting in the Southeast Asian country since President Ferdinand Marcos put them center stage in a July state of the nation address that followed weeks of deadly flooding.
The Department of Finance has estimated the Philippine economy lost up to 118.5 billion pesos ($2 billion) from 2023 to 2025 due to corruption in flood control projects.
Greenpeace has suggested the number is actually closer to $18 billion.
The Philippines was expecting heavy flooding on Monday as Super Typhoon Ragasa bore down on the country’s northernmost provinces.
The archipelago nation is hit by an average of 20 storms and typhoons each year, putting millions of people in disaster-prone areas in a state of constant poverty.


Russia, Ukraine trade blame for deadly overnight strikes

Russia, Ukraine trade blame for deadly overnight strikes
Updated 59 min 41 sec ago

Russia, Ukraine trade blame for deadly overnight strikes

Russia, Ukraine trade blame for deadly overnight strikes
  • Russia’s defense ministry called the strike a “terrorist attack” and initially put the death toll at two
  • Kyiv said overnight Russian strikes in the southern city of Zaporizhzhia had killed three people and wounded two others, one seriously

MOSCOW: The head of the Kremlin-backed government in annexed Crimea blamed Ukraine on Monday for a deadly drone strike, while Kyiv said a Russian attack had killed three people in the country’s southeast.
Sergey Aksyonov said the Ukrainian military had targeted the Crimean resort town of Foros, damaging the grounds of a sanatorium and a school building.
“According to updated data, three people were killed and 16 were wounded as a result of (the) UAV attack,” Aksyonov said on Telegram.
Fragments of the downed drone also caused a fire near the coastal city of Yalta, he said.
Russia’s defense ministry called the strike a “terrorist attack” and initially put the death toll at two.
Ukraine said Moscow had carried out 46 air strikes on its territory as of 10:00 p.m. (1900 GMT) on Sunday.
Kyiv said overnight Russian strikes in the southern city of Zaporizhzhia had killed three people and wounded two others, one seriously.
Russian forces had “dropped at least five” bombs on the city, according to Ivan Fedorov, the head of the regional military administration.
Russia annexed Crimea in 2014 and wants Kyiv and Western countries to recognize the peninsula as part of its territory.
Ukrainian forces frequently carry out strikes on the heavily fortified region, including on a bridge connecting it to the Russian mainland.
After meeting Russian leader Vladimir Putin for high-profile talks last month, US President Donald Trump said Ukraine would not be able to regain Crimea as part of a peace deal.
Progress toward a truce has stalled since that flurry of diplomacy, which also saw Trump hold a separate meeting with Ukrainian counterpart Volodymyr Zelensky.


World summit to meet on two-state solution as support grows for Palestinian state

World summit to meet on two-state solution as support grows for Palestinian state
Updated 22 September 2025

World summit to meet on two-state solution as support grows for Palestinian state

World summit to meet on two-state solution as support grows for Palestinian state
  • The summit, ahead of this week’s United Nations General Assembly, follows Israel’s launch of a long-threatened ground assault on Gaza City

UNITED NATIONS: France and ֱ will convene dozens of world leaders on Monday to rally support for a two-state solution, with several of them expected to formally recognize a Palestinian state – a move that could draw harsh Israeli and US responses.
Israel and the United States will boycott the summit, said Israel’s UN Ambassador Danny Danon, describing the event as a “circus.” “We don’t think it’s helpful. We think it’s actually rewarding terrorism,” he told reporters on Thursday.
Israel is considering annexing part of the occupied West Bank as a possible response as well as specific bilateral measures against Paris, Israeli officials have said.
The US administration has also warned of possible consequences for those who take measures against Israel, including against France, whose president, Emmanuel Macron, is hosting the New York summit.
The summit, ahead of this week’s United Nations General Assembly, follows Israel’s launch of a long-threatened ground assault on Gaza City and amid few prospects for a ceasefire two years after Palestinian Islamist militants Hamas attacked Israel, triggering the war in the Palestinian enclave.
Amid Israel’s intensified Gaza offensive and escalating violence by Israeli settlers in the West Bank, there is a growing sense of urgency to act now before the idea of a two-state solution vanishes forever.
The General Assembly endorsed a seven-page declaration this month outlining “tangible, timebound, and irreversible steps” toward a two-state solution, while also condemning Hamas and calling it to surrender and disarm.
Those efforts drew immediate rebukes from Israel and the United States, calling them harmful and a publicity stunt.
“The New York Declaration is not a vague promise for the distant future, but rather a roadmap that begins with the top priorities: a ceasefire, the release of hostages, and the unimpeded entry of humanitarian aid into Gaza,” France’s Foreign Minister Jean-Noel Barrot told reporters on Thursday.
“Once the ceasefire and release of hostages are achieved, the next step is a plan for the day after, which will be on the agenda for Monday’s discussions.”
France is hoping that Macron’s announcement in July that he would recognize a Palestinian state would give greater momentum to a movement hitherto dominated by smaller nations that are generally more critical of Israel.
Britain, Canada, Australia and Portugal all recognized a Palestinian state on Sunday. France and five other states are expected to also formally recognize a Palestinian state on Monday.
Some have said there would be conditions and others have said normalization of diplomatic ties would be phased and dependent on how the Palestinian Authority advances in its promises to reform.
In Gaza, Palestinians were fleeing Israeli attacks on Gaza City on Sunday.
Displaced Palestinian Nabeel Jaber expressed doubts that recognition of a Palestinian state would bring tangible progress because no countries will push Israel enough to agree to a two-state solution.
“Even if countries such as Australia, Canada, and France – who are now among those initiating this recognition – acknowledge Palestine, I believe there will still be no serious pressure on Israel to grant the Palestinians their rights,” he said.
“I also hope that diplomatically, this recognition by major world powers with global influence will serve as a tool to pressure, strong enough to push for a complete ceasefire and an end to the war.”
Residents of the Israeli-occupied West Bank, where Palestinians want to establish a homeland, appeared more optimistic.
“It is a victory for the historic rights of the Palestinians,” said Mohammed Abu Al-Fahim.
In Tel Aviv, Israelis, still angered by the October 2023 Hamas attack on Israel, said the Palestinians turned down many chances to establish a state in the past.
“We’ve offered them peace about five times. They could have agreed to any one of those, and they never, ever chose peace. So why do we need to choose peace with people who want to kidnap, murder, rape our people? I don’t think we need to do that,” said film student Tamara Raveh, 25.
The Hamas attack killed 1,200 people and saw 251 others taken hostage, according to Israeli tallies. Israel’s ensuing campaign in Gaza has killed more than 65,000 Palestinians, most of them civilians, according to local health authorities, spread famine and displaced most of the population – often multiple times.
Israel has said it is opposed to the move and has no confidence in the 89-year-old Palestinian President Mahmoud Abbas keeping pledges to reform and modernize as outlined in a letter to Macron earlier this year.
Abbas and dozens of Palestinian officials will not be there in person. The US, a staunch Israeli ally, refused to issue visas and Abbas is due to appear via video.
The General Assembly agreed on Friday – by consensus, without a vote – that he could appear via video at Monday’s meeting.
“The world is saying out loud a Palestinian state and we need to materialize it. Now they need to show what these measures are,” Palestinian Foreign Minister Varsen Aghabekian Shahin told reporters on Sunday.


Nepal panel to probe violence during anti-graft protests that killed 74

Nepal panel to probe violence during anti-graft protests that killed 74
Updated 22 September 2025

Nepal panel to probe violence during anti-graft protests that killed 74

Nepal panel to probe violence during anti-graft protests that killed 74
  • The demonstrations, which began as a Gen Z led movement against widespread corruption and a lack of jobs, escalated into the Himalayan nation’s deadliest violence in decades

KATHMANDU: Nepal’s interim government, led by former Chief Justice Sushila Karki, has set up a panel to investigate the violence during anti-corruption protests this month that killed 74 people and forced Prime Minister K.P. Sharma Oli to quit, a minister said on Monday.
The demonstrations, which began as a Gen Z-led movement against widespread corruption and a lack of jobs, escalated into the Himalayan nation’s deadliest violence in decades.
More than 2,100 people were injured while protesters set fire to the main office complex that houses the prime minister’s office, the Supreme Court and the parliament building as well as malls, luxury hotels and showrooms that the demonstrators said were owned by people close to corrupt politicians.
Rameshwore Khanal, who Karki put in charge of the finance ministry, said the three-member panel headed by retired judge Gauri Bahadur Karki had been given three months to complete the probe.
“It will investigate ... the loss of life and property during the protests, excesses by both sides and people involved in the acts of arson and vandalism during the movement,” Khanal told Reuters.
In a social media post, former Prime Minister Oli also demanded an investigation into the violence and said his government did not order police to fire at the protesters. The protests were infiltrated by outsiders and police did not possess the type of weapons which were used to fire on the crowd, Oli said.
Karki is the former chairman of a special court that hears corruption cases in Nepal and has a reputation for honesty and integrity.