In this daily bar chart of AMZN, below, I can see that prices have moved sideways the past five months but they have also oscillated with wider price action - higher highs into November and lower lows into October. The daily On-Balance-Volume (OBV) line has moved higher with an up and down pattern. The weekly OBV line shows a rise and the MACD oscillator is crossing to the upside for a new buy signal...

Amazon.com is eliminating “several hundred” positions related to its Alexa smart assistant, the company said in a memo to employees. The ecommerce company on Friday said it is shifting some of its efforts toward generative AI to better align with its business priorities. Amazon is offering severance packages that include a separation payment, transitional health insurance benefits, and paid time to conduct job searches...

Amazon.com has cut more employees, this time in its Alexa division, as the tech company works to bring down costs. Amazon (ticker: AMZN) said Friday in a memo to employees that was sent to Barron’s that it was eliminating “several hundred roles” in its Alexa division as it shifts to focus more on generative artificial intelligence. “We’re shifting some of our efforts to better align with our business priorities, and what we know matters most to customers—which includes maximizing our resources and efforts focused on generative AI,” the memo said...

Amazon is once again doubling down on its return-to-office mandate, warning staff that not complying with it could impact their chances of being promoted...