Summary

Donald Trump is facing insider trading accusations after urging followers to buy stocks hours before pausing global tariffs—sending markets soaring.

His Truth Social post, signed “DJT” (also the ticker for his media company), preceded a surprise 90-day tariff pause on all countries except China.

The S&P 500 jumped 9%, Nasdaq 12%, and Trump Media stock surged 22%.

Lawmakers including Sen. Adam Schiff and Rep. Alexandria Ocasio-Cortez are demanding investigations and disclosures, calling the timing suspicious. Critics say the sudden policy reversal created a profit window for insiders with prior knowledge.

    • littlewonder@lemmy.world
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      29 days ago

      They wouldn’t regardless. The congressional GOP has his spray-tan dick so far down their throats, they’d rather choke to death than admit the emperor has no clothes.

      If we ever had hard proof of insider knowledge, my money is on SCOTUS. Both because it’s easier to buy a branch of government by colluding with five useful idiots, and because there’s a GOAT on the SCOTUS staff who leaks their bullshit to the public.

  • TomMasz@lemmy.world
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    29 days ago

    SCOTUS says anything he does as an “official act” is legal, ergo this is not a crime.

    • popcap200@lemmy.ml
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      29 days ago

      And remember, the courts can’t consider motive, so as long as tariffs are defendable as an official act (which they are) he’s 100% immune. I mean, they found him immune in the Stormy Daniels hush money case, and that was related to campaign finance as a candidate.

  • melsaskca@lemmy.ca
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    29 days ago

    Everyone knows this brazen manipulation is going on but nobody can prove it. Stock Market is old and shaky, we need a newer system.

    Now that “free stock trading” is being offered to the masses you know the rich don’t care about it anymore.

  • ClassStruggle@lemmy.ml
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    29 days ago

    NOW they are concerned about insider trading? These concerns will fade away once their team is back in power