{"id":840959,"date":"2025-04-13T08:12:03","date_gmt":"2025-04-13T13:12:03","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/13\/teslas-moment-of-truth-trump-media-stock-spikes-and-warren-buffett-wins-again-markets-news-roundup\/"},"modified":"2025-04-13T08:12:03","modified_gmt":"2025-04-13T13:12:03","slug":"teslas-moment-of-truth-trump-media-stock-spikes-and-warren-buffett-wins-again-markets-news-roundup","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/13\/teslas-moment-of-truth-trump-media-stock-spikes-and-warren-buffett-wins-again-markets-news-roundup\/","title":{"rendered":"Tesla’s moment of truth, Trump Media stock spikes, and Warren Buffett wins again: Markets news roundup"},"content":{"rendered":"
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Amid early market turmoil on Wednesday, shares of Trump Media spiked 8%.<\/p>\n

President Donald Trump posted on his social media site, Truth Social, on Wednesday morning: \u201cThis is a great time to buy!!! DJT.\u201d DJT is both the stock ticker for Trump Media and Technology Group (DJT<\/a><\/span>) and the president\u2019s initials.<\/p>\n

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The roller-coaster<\/a><\/span> week for global stock markets took another sharp turn Thursday, yanking Nvidia (NVDA<\/a><\/span>), Apple (AAPL<\/a><\/span>), Amazon (AMZN<\/a><\/span>), and other Big Tech stocks down with it.<\/p>\n

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Stocks closed sharply down on Thursday as investors digested a wave of economic uncertainty, including tariff tensions, inflation data, and a string of downbeat corporate signals. The Nasdaq sank 4.3%, while the S&P 500 dropped 3.5% and the Dow fell 2.5%. The Russell 2000 Index, a benchmark for small-cap stocks, slid 4%. <\/p>\n

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U.S. market indexes shot up Wednesday afternoon after President Donald Trump announced a 90-day pause on tariffs for most countries.<\/p>\n

\u201cBased on the fact that more than 75 Countries have called Representatives of the United States\u201d to negotiate the tariffs, Trump posted on his Truth Social platform, \u201cI have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10% … effective immediately.\u201d <\/p>\n

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Americans are worried about their finances right now as they watch their 401Ks plummet, fear an impending recession<\/a><\/span>, and are unsure if tariffs<\/a><\/span> are going to make a dent in their finances. <\/p>\n

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For his next venture, Warren Buffett might consider selling a crystal ball. <\/p>\n

Buffett, the billionaire chairman and CEO of holding company Berkshire Hathaway (BRK.A<\/a><\/span>) known as the \u201cOracle of Omaha,\u201d has made another move that makes it look like he can see into the future. For the past two years, his company has been stockpiling cash and selling stocks, meaning Berkshire remains in strong financial shape as the rest of the market is in tumult as a result of President Donald Trump\u2019s tariffs. <\/p>\n

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President Donald Trump\u2019s announcement Wednesday that he would pause his sweeping, universal tariffs on almost all countries for 90 days sent shockwaves through the business world and the markets. China remains heavily tariffed: White House officials confirmed Thursday that the effective U.S. tariff rate on Chinese imports is now 145%. <\/p>\n

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U.S. consumers should brace for punishing price increases as President Donald Trump\u2019s trade war heats up<\/a><\/span>, especially as tariffs on imports from China ripple through supply chains. <\/p>\n

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\n Samatha Michaud<\/p>\n","protected":false},"excerpt":{"rendered":"

Photo: Spencer Platt (Getty Images), Scott Olson (Getty Images), Andrew Harnik (Getty Images), Kevin Frayer (Getty Images), Spencer Platt (Getty Images), Scott Olson \/ Staff (Getty Images), Jamie McCarthy (Getty Images), Michael M. Santiago (Getty Images), Michael M. Santiago (Getty Images), Image: Michael M. Santiago (Getty Images) Photo: Scott Olson (Getty Images) Photo: Andrew Harnik<\/p>\n","protected":false},"author":1,"featured_media":840960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[558,37],"tags":[],"class_list":{"0":"post-840959","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-moment","8":"category-teslas"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/840959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=840959"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/840959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/840960"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=840959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=840959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=840959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}