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Google Begins Realizing Economies Of Scale For Cloud
Alphabet reported strong Q3'24 growth in Google Subscriptions, Platforms & Devices, and Google Cloud, driven by AI investments and product launches. Significant margin improvement in Google Cloud, expanding from 3% to 17% year-over-year, suggesting durable growth and future margin accretion. Alphabet's AI advancements in ad generation, Google Search, YouTube, and cybersecurity, along with strategic investments in data centers, support long-term growth prospects.
Apple says Mac users targeted in zero-day cyberattacks
Apple released security updates on Tuesday that it says are “recommended for all users,” after fixing a pair of security bugs used in active cyberattacks targeting Mac users.
Biden Wanders Into Amazon Jungle After Remarks
On a valedictory visit to Peru and Brazil this week, President Joe Biden faded from view and straight into the Amazon rain forest as President-elect Donald Trump's return to power comes into sharp relief. Sign up for the Washington Edition newsletter to find out how the worlds of money and politics intersect in the US capital: https://bloom.bg/3KkEimO -------- More on Bloomberg Television and Markets Like this video?
Google's antitrust loss could cost Apple billions of dollars
Google pays Apple at least $20 billion a year to make its search engine the default on iPhones. Those payments were at the heart of a federal antitrust case Google lost earlier this year.
