Bloomberg News Now April 24, 2025: Alphabet Profit Boost from Space X, Intel Bleak Outlook, More
Apr 25, 2025
Explore how Alphabet's robust earnings from search ads and cloud services are bolstered by gains from SpaceX investments. In stark contrast, Intel faces a bleak outlook with a grim revenue forecast and job cuts. Delve into the complexities of U.S.-China trade dependencies and learn about revitalization efforts in the American energy sector. The conversation also briefly touches on the upcoming NFL Draft, highlighting the Tennessee Titans' strategic decisions.
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Alphabet's Profit Boost from SpaceX
- Alphabet's earnings beat expectations due to strong Google search ads and cloud profits.
- An $8 billion unrealized gain from SpaceX investment significantly boosted profits.
Intel's Restructuring and Strategy Shift
- Intel faces a dim revenue forecast and is cutting jobs to align costs with its smaller business.
- New CEO Pat Gelsinger cuts management layers to speed decision-making and focuses on AI product segments.
Progress in US-South Korea Trade Talks
- South Korea agreed in principle with the U.S. on a tariff exemption framework and early trade talks appear promising.
- Treasury Secretary Scott Besson expressed optimism for reaching an agreement soon.