BlockBeats News, April 11th: On April 9th, U.S. President Trump announced a 90-day tariff suspension. A few hours before the announcement, he tweeted, "Now is a great time to buy stocks!" and ended the tweet with the abbreviation "DJT," which was interpreted by the public as possible insider trading. In response, several senators have called for a congressional investigation into whether Trump was involved in insider trading or market manipulation.
According to Time Magazine, "DJT" is the stock symbol of his media company. It is worth noting that Trump does not often use abbreviations in his signature. The stock price of Trump Media & Technology Group surged nearly 22% after the tariff suspension announcement on the 9th and another 5% in early trading on the 10th. Previously, Trump's net worth had plummeted by $1 billion due to the tariff plan, with the biggest loss coming from his most valuable asset, the "Trump Media & Technology Group." (FXStreet)
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