Billionaires Score Best-Ever Day as Stocks Soar on Tariff Pause

[demmiblue]

The world’s wealthiest people added $304 billion to their combined net worth on Wednesday — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared after President Donald Trump pledged to pause tariffs on some trading partners.

The S&P 500 Index jumped the most since 2008 following Trump’s mid-day announcement, reversing steep losses over the past few days and boosting the fortunes of the world’s 500 richest people by an average 3.5%. The Nasdaq Composite Index also rebounded, climbing the most in more than 24 years.

https://www.bloomberg.com/news/articles/2025-04-09/billionaires-score-best-ever-day-as-tariff-pause-jolts-market

* Paywall

[The Great War & Modern Memory]
‪@ps9714.bsky.social‬

The world’s wealthiest people added $304 billion to their combined net worth — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared.

The largest individual gainer Wednesday was Tesla CEO Elon Musk, who added $36 billion to his fortune.

Billionaires Score Best-Ever Day as Stocks Soar on Tariff Pause

The world’s wealthiest people added $304 billion to their combined net worth on Wednesday — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared after ...
bloom.bg

April 9, 2025 at 7:47 PM

The world’s wealthiest people added 4 billion to their combined net worth — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared.

The largest individual gainer Wednesday was Tesla CEO Elon Musk, who added billion to his fortune.

— [The Great War & Modern Memory] (@ps9714.bsky.social) 2025-04-09T23:47:52.169Z

Trump’s Tariffs Whiplash Is Open Corruption. He Admitted It Himself.

Trump posted a message to his followers just before pausing the bulk of his tariffs.

Trump may have accidentally confessed to insider trading and market manipulation on Truth Social.

“THIS IS A GREAT TIME TO BUY!!! DJT,” the president wrote on Wednesday, a mere four hours before announcing a 90-day pause on most retaliatory tariffs except for China, yet another market-shocking announcement that caused stocks to shoot up.

Insider trading is a very illegal practice that involves using special or private information to give yourself an advantage in buying and selling stocks. Someone with knowledge of an economic policy change that would cause the markets to shoot back up would be posting about how great a time it is to buy right before the policy change happened. This particular situation looks like the opposite of a pump and dump: a poop and scoop. This is when an exclusive group of people with private knowledge do whatever they can to drive stock prices down—like announcing debilitating global tariffs—and then buy stocks up strategically before the price goes up again. And with this administration, the corruption is completely out in the open.

“Trump is creating giant market fluctuations with his on-again, off-again tariffs. These constant gyrations in policy provide dangerous opportunities for insider trading,” Senator Adam Schiff wrote on X. “Who in the administration knew about Trump’s latest tariff flip flop ahead of time? Did anyone buy or sell stocks, and profit at the public’s expense? I’m writing to the White House—the public has a right to know.”

https://newrepublic.com/post/193823/trump-tariffs-corruption-insider-trading