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The Maltese Herald

“Walter Bloomberg” saves the stock market: fake news tweet on tariffs suspension followed by $2.5 trillion swing in the S&P500

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Maltese Herald
in , ,

A popular financial news account on X.com (Twitter), with over 800,000 followers and operating under the pseudonym “Walter Bloomberg” that uses a photo of Russian actor Vyacheslav Shatnenko, tweeted a fake news item claiming that President Trump was considering a 90-day suspension of the tariffs he announced last week. The tweet was followed by a 6% move in the S&P500 equivalent to around $2.5 trillion but the move receded as people slowly realised that the story was untrue.

The story was denied by Treasury Secretary Scott Bessent and by President Trump himself in a press conference. The stock market crashed last week after President Trump announced his global tariffs.

The account called Walter Bloomberg uses various news feeds such as Reuters and Bloomberg to relay news instantly. It is widely used by the online financial community.

The S&P500 closed at 5062.25 and 0.23% down from last week’s close.During the market open, the S&P 500 rebounded from its losses in the Asian trading hours.

 

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2 responses to ““Walter Bloomberg” saves the stock market: fake news tweet on tariffs suspension followed by $2.5 trillion swing in the S&P500”

  1. "Walter Bloomberg" was right: stock markets rebound as Trump announces 90-day tariff reprieve - The Maltese Herald avatar
    "Walter Bloomberg" was right: stock markets rebound as Trump announces 90-day tariff reprieve - The Maltese Herald

    […] week, the pseudonymous account of Walter Bloomberg, announced that President Trump was to announce a 90-day reprieve of his global tariffs, but the news was […]

    Reply
  2. Alexandria Ocasio-Cortez wants investigation on insider trading by Congress and trading ban - The Maltese Herald avatar
    Alexandria Ocasio-Cortez wants investigation on insider trading by Congress and trading ban - The Maltese Herald

    […] like Marjorie Taylor Greene may have ticked the bottom of the market on April 4th prior the news release by “Walter Bloomberg” that President Trump was to give a 90-day reprieve on tariffs. On the other hand trading volumes […]

    Reply

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