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Pumped, dumped and chumped: “Fake news” on tariffs causes stock market whiplash

After days of chaos, investors want to believe the president Donald Trump It will close the market interruption Definitions.

Their desire to eradicate the bleeding was fully offered early on Monday when it published one of Bully fabricated news On X, the market jumps at a speed of up to 10 % before the collapse.

An account that passes the handle “Walter Bloomberg” She shared an excerpt that he came from the director of the National Economic Council Kevin Haysit. The leaflet that has been deleted since then said that Trump was considering a 90 -day stoppage on his wide tariff. Market.

The frenzy has grown around the post so strongly that CNBC Brain for a short time Reporting news. However, the White House quickly denied the report and the stock market continued in the descending slide.

White House press secretary Caroline Levitt A temporary stop is called “fake news” in an interview with CNBC.

Hasit talked about Trump’s tariff on Monday morning, and told the “Fox & Friends” hosts to stop completely temporarily for the president.

“I think the president will decide what the president will decide,” he said. “I would like to urge everyone … on the ease of the speech a little.”

Many unnecessary disturbances in the market collect many unnecessary intervention threads from Trump administration officials. The same definitions come Directly from the presidentAnd that did not show any desire to retract the brink of the economic abyss. However, it was not possible to spread fake news quickly if it was Trump’s advisor Elon Musk The user system that was verified on its social media platform has not been raised in Hopes in converting Pak.

In its original form, “blue examination” indicates X to a user verified independently by the articles of association as a news source, famous or other noticeable number. Musk ended this system in favor of a distinct layer on the social media application while leaving the familiar signs of examination in place. The publication that sent investors descending from an account using the Bloomberg name came in the home style of real urgent news accounts on the platform. A glimpse of the selection mark gave it an unfortunate atmosphere of legitimacy.

This is not the first time that the lack of the platform has been used to the verification handrail to sew the chaos and spread the wrong information. In 2022, the brand was verified Medicines Elie Lily She sent a message claiming “Insulin is now free.” The post caused the shares of Pharma Giant and encourage Lilly Pull its ads from the platform.

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