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What began as a misquoted Fox News interview led to a flood of false and misleading posts on X. Before it was corrected, stock markets rallied then plummeted again.
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Markets briefly rebounded on rumors that Trump might pause tariffs, but the White House swiftly dismissed the reports as false.
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Stocks have approached bear market levels as President Donald Trump's new tariffs have sparked concerns of a recession.
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European defense giants whipsawed on Monday, abruptly paring losses as investors continue to grapple with a broad stock market downturn.
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The exemption of Canadian lumber from the Trump administration's latest round of tariffs is being celebrated as a key victory.
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Leaders across Asia issued a flurry of statements to shore up confidence and attempt to avert economic crisis, but China, analysts said, is ready for a showdown.
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