In Andy Jassy’s first letter to shareholders as chief executive of ecommerce giant Amazon he pointed out how far the Echo smart speaker and Alexa personal assistant had come. Digital voice assistants from the likes of Apple, Amazon, Google, Microsoft and Samsung were expected to replace smartphone scrolling and tapping. In the latest round of job cuts, the largest in Amazon’s history, teams working on Alexa and Echo are reported to be hit particularly hard.
So many conflicting signals, so little time to figure it all out. More on this and what else to know in markets on Monday, January 30, 2023.
Wall Street will be buzzing in the week ahead, as earnings from Big Tech, the Federal Reserve’s first meeting of the year, and the monthly jobs report for January set up the busiest week of the new year.