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Business

Amazon.com to cut ‘several hundred’ Alexa jobs

Amazon.com to cut ‘several hundred’ Alexa jobs

By Greg Bensinger (Reuters) -Amazon.com on Friday announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence. The cuts affect several hundred employees working on...

Stocks steady, bonds in euphoric mood on bets of peak rates

Stocks steady, bonds in euphoric mood on bets of peak rates

By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World stocks steadied near two-month peaks on Friday and Treasury yields briefly touched two-month lows as investors held fast to the belief that U.S. interest rates have peaked and might even fall next...

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