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The United States is currently on the brink of a trade war with China on the heels of its new Liberation Day economic policy. Now, that could spell disaster for the country, as JPMorgan CEO Jamie Dimon recently said a recession is the most “likely outcome” of President Donald Trump’s tariff plan. Just last week, the Trump administration unveiled a baseline 10% tariff on all nations. The increasingly aggressive economic policy was met with ire by some and with hope for negotiations by others. However, one thing is certain: while the self-created issue gets resolved, the US will be subjected to increasing economic uncertainty. Source: NPR Also Read: Goldman Sachs: Trump Tariffs Put US in ‘Event-Driven’ Bear Market JPMorgan CEO Warns a Recession Is Nearing Amid Liberation Day Tariff Plan Earlier this month, US President Donald Trump announced a new Liberation Day tariff plan. Now, nations are beginning to answer that policy with retaliatory action of their own. The Europe...

Billionaire Elon Musk has long been associated with the meme coin Dogecoin (DOGE), having revealed in 2019 that it was his favorite cryptocurrency. Over the years, multiple Musk tweets and actions led to powerful DOGE rallies, with the biggest one – that led to the $0.7316 all-time high (ATH) – coming near the day he was the host of Saturday Night Live (SNL). Dogecoin might be my fav cryptocurrency. It’s pretty cool. — Elon Musk (@elonmusk) April 2, 2019 Dogecoin likewise reacted positively to Donald Trump’s re-election as the cycle was closely linked with Elon Musk, given his endorsement of the Republican, and his role in the new administration. Picks for you Long squeeze alert: 99% of March Bitcoin liquidations were long positions 28 mins ago ...

A series of economic reports released on Friday have raised alarms that the United States economy may be on the brink of a recession. Bitcoin’s (BTC) price has suffered a recent crash following this macroeconomic scenario, but analysts see an opportunity. The Bureau of Labor Statistics reported that the nation’s unemployment rate increased to 4.3% in July from 4.1% in June. Additionally, non-farm payroll employment rose by only 114,000 jobs, significantly below the anticipated 175,000 new jobs.  These figures have contributed to growing fears that a recession , long predicted by some economists, may now be imminent. Picks for you Robert Kiyosaki shares the 'great news' from the crashing stock market 2 hours ago Analy...