As the stock market reeled Friday from President Donald Trump’s move to institute widespread global tariffs, Trump shared a video on Truth Social that erroneously claimed legendary investor Warren Buffett praised his recent economic policies.
Here’s a closer look at the facts.
» Read more about: FACT FOCUS: Warren Buffett did not praise Trump’s recent economic policies »
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(ABC 6 News) — Federal Reserve Chair Jerome Powell says higher tariffs will likely raise inflation in the coming months.
» Read more about: Federal Reserve Chair says higher tariffs will likely raise inflation »
Wall Street posted its steepest losses since 2020 this week, following the announcement of sweeping global tariffs by President Donald Trump, but a few sectors managed to buck the trend.
Trump on Wednesday announced the imposition of new tariffs on all imported goods and unveiled a list of “
» Read more about: Here Are the Winners of Wall Street's Tumultuous Week »
On Friday, President Donald Trump shared a video on social media that falsely claimed legendary investor Warren Buffett supported the administration’s tariff plan, which has battered the US stock market and ignited fears of a recession.
“Trump is crashing the stock market by 20% this month, but he’s doing it on purpose,” said the narrator in a video Trump shared on his social media platform,
» Read more about: Trade war escalation over Trump’s tariffs sends stocks tumbling »
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» Read more about: Cruz says a trade war would cost jobs, spur prices and be terrible for Texas »
President Trump’s trade war with the world has seen trillions of dollars in wealth tied to the global market evaporate within days. While all investors are feeling the pressure, experts say the wealthiest Americans are seeing perhaps the biggest impact. KTLA’s David Lazarus weighs-in. April 4, 2025.
» Read more about: Trump's trade war is decimating portfolios of the uber-rich »
Nvidia (NVDA) recently took part in a $300 million funding round for Runway AI, a New York-based startup specializing in AI-powered video creation. The funding round, led by General Atlantic, also saw participation by Fidelity Management & Research Company, Baillie Gifford, and SoftBank.
Runway is known for its cutting-edge AI tools that enable video and image generation.
» Read more about: Nvidia (NVDA) Pumps Money into AI Video Startup Runway »
Did Nintendo bump up the price of its upcoming Switch 2 due to Trump’s tariffs? It seems like that could be the case.
The entire stock market has been thrown into turmoil following President Donald Trump’s implementation of across-the-board “reciprocal” tariffs on April 2. Trump waited until after the markets closed on Wednesday so the full force of his tariffs announcement wasn’t felt until the following day.
» Read more about: How Apple and other tech stocks are impacted by Trump tariffs »
The so-called Magnificent Seven stocks don’t seem so magnificent these days after new tariffs from the Trump administration sent their shares plunging,
» Read more about: Mag 7 stocks enter bear market: What the Trump tariffs mean for big tech »
Cathie Wood, the founder and CEO of ARK Invest and one of the most closely watched growth investors on Wall Street, isn’t hiding from the selloff. As markets reacted to Trump’s global tariffs, her firm ARK Invest doubled down on two high-conviction names: Robinhood (HOOD) and GitLab (GTLB).
» Read more about: Cathie Wood Snags Robinhood Stock (HOOD) and GitLab (GTLB) as Markets Slide »