April 16, 2025
Intangible Assets

Amazon cancels some inventory orders from China after tariffs

Spencer Soper  |  Bloomberg Amazon.com Inc. has canceled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and people familiar with the matter, suggesting the company is reducing its exposure to tariffs imposed by President Donald Trump. The orders for beach chairs, scooters, air conditioners and

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Financial Assets

Recession fears send global markets plunging

U.S. stocks opened lower after global markets plunged overnight over worry about the health of the U.S. economy. The S&P 500 Index was down 8.6% Monday morning before gaining much of it back and the NASDAQ Futures Index fell 6% after global markets plunged over worries about a possible recession in the world’s biggest economy.

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