How fake news about tariffs posted on Elon Musks X shifted trillions in the markets

Market analysts braced for a potential repeat of "Black Monday" over the weekend — a crash of such magnitude it was being compared to the infamous 1987 global financial meltdown. While President Trump’s tariffs continued to weigh on the stock market, a full-blown crash never materialized.

Interestingly, one key factor in averting disaster may have been misinformation from an obscure account on Elon Musk’s X.

Walter Bloomberg

When the stock market opened on Monday, it was heading straight for a decline ...