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.”


India and Canada restore diplomatic services nearly two years after killing of Sikh separatist

India and Canada restore diplomatic services nearly two years after killing of Sikh separatist
Updated 59 sec ago

India and Canada restore diplomatic services nearly two years after killing of Sikh separatist

India and Canada restore diplomatic services nearly two years after killing of Sikh separatist
  • Ottawa accused New Delhi of alleged involvement in the killing of a Sikh separatist leader two years ago
  • New Delhi vehemently denied the allegations and accused Justin Trudeau’s government of harboring extremists
NEW DELHI: India and Canada agreed to restore diplomatic services nearly two years after Ottawa accused New Delhi of alleged involvement in the killing of a Sikh separatist leader, which turned into a row straining relations between the two countries.
The announcement was made after Indian Prime Minister Narendra Modi and his Canadian counterpart, Mark Carney, met Tuesday on the sidelines of the Group of Seven summit in Kananaskis, Alberta.
“The leaders agreed to designate new high commissioners, with a view to returning to regular services to citizens and businesses in both countries,” a statement from Carney’s office said.
High commissioners are senior diplomats, representing their country’s interests and fostering relationships with the host nation.
Modi and Carney reiterated the importance of a bilateral relationship based on mutual respect and a commitment to the principle of territorial sovereignty, according to the statement. They also discussed further collaboration in several sectors, including technology, digital transition, food security, and critical minerals.
Meanwhile, India’s foreign ministry underscored the importance of restarting senior ministerial engagements to “rebuild trust and bring momentum to the relationship.”
Carney’s predecessor, Justin Trudeau, shocked the world in September 2023 after announcing in Parliament there were credible allegations about India’s link to the killing of Hareep Singh Nijjar near Vancouver. New Delhi vehemently denied the allegations and accused Trudeau’s government of harboring extremists.
The Indian government had declared Nijjar a terrorist in 2020 under a law meant to suppress dissent. The Sikh independence advocate was a prominent member of the Khalistan movement, banned in India, to create an independent Sikh homeland. He was seen as a human rights activist by Sikh organizations.
Ties between the two countries continued to worsen and in October, India expelled Canadian diplomats and withdrew its high commissioner and other officials from Canada. Ottawa retaliated by dismissing Indian diplomats and accusing the Indian government of an intensifying campaign against Canadian citizens, a charge New Delhi denied.
India’s anxieties about Sikh separatist groups have long strained its relationship with Canada, where some two percent of the population is Sikh.
Modi Calls Trump
As Trump abruptly left the G7 summit, Modi had a detailed phone conversation with the US president and shared India’s military response against Pakistan last month following the killings of 26 innocent people, mostly Hindu men, in Indian-controlled Kashmir, foreign secretary Vikram Misri said.
In recent weeks, Trump had claimed to have brokered a ceasefire between India and Pakistan and offered trade concessions in part to make the nuclear-armed rivals reach an agreement after shooting at each other for days, which was checkmate by New Delhi. Trump had also proposed mediation over Kashmir.
In a statement, Misri said Modi clarified to Trump that India had never in the past accepted nor would it encourage in the future a third-party mediation over the simmering dispute of Kashmir, a Himalayan region claimed by both India and Pakistan in its entirety.
Misri said Modi made it clear to Trump that during multiple talks held between New Delhi and Washington senior officials amid the ongoing military conflict, there was no mention of a trade deal or the US mediation over Kashmir.
The talks to stop military actions were held directly between the military leaders of India and Pakistan through existing channels, Misri said.

Beijing says almost 800 Chinese citizens evacuated from Iran

Beijing says almost 800 Chinese citizens evacuated from Iran
Updated 6 sec ago

Beijing says almost 800 Chinese citizens evacuated from Iran

Beijing says almost 800 Chinese citizens evacuated from Iran

BEIJING: Almost 800 Chinese citizens have been evacuated from Iran since Israel launched military strikes against the country last week, Beijing said Wednesday.
“Currently... 791 Chinese nationals have been relocated from Iran to safe areas,” foreign ministry spokesman Guo Jiakun said at a regular news conference.
“More than 1,000 other people are in the process of relocating and withdrawing,” Guo added.
And some Chinese nationals have also safely evacuated from Israel, he said.
“China expresses its thanks to the relevant countries for providing full support and assistance,” Guo said.
Iran said early Wednesday it fired hypersonic missiles at Israel in the latest round of overnight strikes between the archfoes, hours after Donald Trump demanded the Islamic republic’s “unconditional surrender.”
The US president insists Washington has played no part in ally Israel’s bombing campaign, but also warned Iran his patience is wearing thin as the conflict enters a sixth day.
World powers have pushed to find an off-ramp, hoping to prevent the conflict from spiralling into a region-engulfing war.


Volcanic eruption in Indonesia forces evacuations and flight cancelations

Volcanic eruption in Indonesia forces evacuations and flight cancelations
Updated 18 June 2025

Volcanic eruption in Indonesia forces evacuations and flight cancelations

Volcanic eruption in Indonesia forces evacuations and flight cancelations

LEMBATA, Indonesia: Indonesia’s Mount Lewotobi Laki Laki erupted with giant ash and smoke plumes again Wednesday after forcing evacuations of villages and flight cancelations, including to and from the resort island of Bali.
Several eruptions sent ash up to 5,000 meters (16,400 feet) into the sky Tuesday evening to Wednesday afternoon. An eruption Tuesday afternoon sent thick, gray clouds 10,000 meters (about 32,800 feet) into the sky that expanded into a mushroom-shaped ash cloud visible as much as 150 kilometers (nearly 93 miles) away.
The eruption alert was raised Tuesday to the highest level and the danger zone where people are recommended to leave was expanded to 8 kilometers (about 5 miles) from the crater.
Officers also evacuated from the Mount Lewotobi Laki Laki monitoring post 7 kilometers (4.3 miles) from the crater to avoid falling gravel released in the eruption. No casualties have been reported.
Ash and debris fell in a number of places outside the danger zone, including the villages of Boru, Hewa and Watobuku. Some residents from Nurabelen village in Ile Bura subdistrict fled to evacuation sites in Konga to avoid the impact of the eruption, the National Disaster Management Agency said in a statement.
“Some residents have also evacuated to Nileknoheng village, which is 12 kilometers (7.4 miles) from the crater,” said Abdul Muhari, the National Disaster Management Agency’s spokesperson.
Dozens of flights Wednesday were canceled, including those connecting Bali to cities in Australia, Malaysia, India and China, according to the website of Bali’s I Gusti Ngurah Rai International Airport. Volcanic ash can pose a risk to plane engines.
Flights also were canceled to and from the international airport in Labuan Bajo another tourist destination in Flores Island, East Nusa Tenggara province. The airport is still operating.
The cancelations and delays affected thousands of travelers. Australian carrier Jetstar, which flies daily between the tourist hotspot and several Australian cities, said the ash cloud was forecast to clear by late Wednesday and its services would be rescheduled.
Air New Zealand canceled one return trip to Auckland and would rebook customers on the next available service, the airline said in a statement Wednesday. Flights to New Delhi, Singapore and Pudong, China, were also canceled due to the volcano, according to information on the website for Denpasar airport in Bali.
The 1,584-meter (5,197-foot) Mount Lewotobi Laki Laki is a twin volcano with Mount Lewotobi Perempuan in the district of Flores Timur.
The volcano has had several eruptions, and its danger level and no-go zone have changed several times before being raised again to the highest level Tuesday.
An eruption of Mount Lewotobi Laki Laki in November killed nine people and injured dozens. It also erupted in March.
Indonesia is an archipelago of 270 million people with frequent seismic activity. It has 120 active volcanoes and sits along the “Ring of Fire,” a horseshoe-shaped series of seismic fault lines encircling the Pacific Basin.


The nine countries that have nuclear weapons or are believed to have them

The nine countries that have nuclear weapons or are believed to have them
Updated 18 June 2025

The nine countries that have nuclear weapons or are believed to have them

The nine countries that have nuclear weapons or are believed to have them
  • Five original nuclear weapons states are United States, Russia, China, France and UK
  • Israel, which hasn’t signed the NPT, has never acknowledged having nuclear weapons

Nine countries currently either say they have nuclear weapons or are believed to possess them.

The first to have nuclear arms were the five original nuclear weapons states — the United States, Russia, China, France and the United Kingdom.

All five are signatories to the Nuclear Nonproliferation Treaty, which commits countries that don’t have nuclear arms not to build or obtain them, and those that do to “pursue negotiations in good faith” aimed at nuclear disarmament.

Rivals India and Pakistan, which haven’t signed the NPT, have built up their nuclear arsenals over the years. India was the first to conduct a nuclear test in 1974, followed by another in 1998.

Pakistan followed with its own nuclear tests just a few weeks later.

Israel, which also hasn’t signed the NPT, has never acknowledged having nuclear weapons but is widely believed to have them.

North Korea joined the NPT in 1985 but announced its withdrawal from the treaty in 2003, citing what it called US aggression. Since 2006, it has conducted a string of nuclear tests.

Iran long has insisted its nuclear program is for peaceful purposes only and US intelligence agencies have assessed that Tehran is not actively pursuing the bomb now. But it has in recent years been enriching uranium to up to 60 percent purity — near weapons-grade levels of 90 percent.

In an annual assessment released this week, the Stockholm International Peace Research Institute estimated that the nine countries had the following stockpiles of military nuclear warheads as of January:

Russia: 4,309
United States: 3,700
China: 600
France: 290
United Kingdom: 225
India: 180
Pakistan: 170
Israel: 90
North Korea: 50


Australian mushroom murder suspect not on trial for lying: Defense

Australian mushroom murder suspect not on trial for lying: Defense
Updated 18 June 2025

Australian mushroom murder suspect not on trial for lying: Defense

Australian mushroom murder suspect not on trial for lying: Defense
  • Erin Patterson is charged with murdering her estranged husband’s parents and aunt in July 2023 by spiking their lunch with death cap mushrooms
  • She is also accused of attempting to murder a fourth guest – her husband’s uncle – who survived the lunch after a long stay in hospital

SYDNEY: An Australian woman accused of killing three lunch guests with deadly mushrooms should not be judged guilty just because she lied after the meal, her defense lawyer said Wednesday.

Erin Patterson, 50, is charged with murdering her estranged husband’s parents and aunt in July 2023 by spiking their beef Wellington lunch with death cap mushrooms.

She is also accused of attempting to murder a fourth guest – her husband’s uncle – who survived the lunch after a long stay in hospital.

Patterson has steadfastly maintained her innocence during a seven-week-long trial that has made headlines from New York to New Delhi.

As the trial came to its closing stages on Wednesday, defense lawyer Colin Mandy sought to explain Patterson’s behavior in the days following the deadly feast.

Patterson told police investigating the deaths that she did not own a food dehydrator, which was allegedly used to prepare the death cap mushrooms.

Security footage showed Patterson dumping a dehydrator at a nearby rubbish facility, and forensic tests found trace amounts of death cap mushrooms on the appliance.

“No one knows what they would have done in a similar situation,” Mandy told the trial.

“She is not on trial for being a liar.”

Mandy said there was nothing unusual about Patterson’s knowledge of death cap mushrooms.

She developed an interest in foraging for mushrooms during the pandemic lockdown in 2020, Mandy said, teaching herself which varieties were safe to eat.

It made “perfect sense” that Patterson would have become “aware of death cap mushrooms” during this period, Mandy said.

Patterson “loved” mushrooms, he added, because they were healthy and full of flavor.

This interest explained why Patterson visited a website listing locations of death cap mushrooms near where she lived, Mandy said.

Patterson originally invited her estranged husband Simon to join the family lunch at her secluded home in the farming village of Leongatha in Victoria state.

But he turned down the invitation on the eve of the meal, saying he felt uncomfortable going, the court heard earlier.

The pair were long estranged but still legally married.

Simon Patterson’s parents Don and Gail, and his aunt Heather Wilkinson, attended the lunch.

All three were dead within days. Heather Wilkinson’s husband Ian fell gravely ill but eventually recovered.