Bloomberg Business

A severe solar storm this weekend threatens to trigger blackouts, disrupt navigation systems and knock out high-frequency radios around the world. Read more at the link in our bio (via @bloomberggreen).⁣ ⁣ 📷: NOAA | Bloomberg by ASM Channels

Hedge fund manager Bill Ackman was confronted by around 40 people for his public attacks on diversity, equity and inclusion at an event at the Milken conference, sources say. The hour-long debate involved some of Wall Street's most senior executives of color, according to attendees. Tap the link in our bio for the full story. 📷: Jeenah Moon/Bloomberg | Bloomberg by ASM Channels

Apple issued a rare apology for an ad touting its latest iPad Pro that upset many creatives and other customers, and scrapped plans to air it on television. The ad, which depicted musical instruments, TVs and paint cans being crushed into an iPad, was widely ridiculed on social media. Tap the link in our bio to see it. 📷: Apple | Bloomberg by ASM Channels

"Would you ever hurt a person?" "Absolutely not." Ameca, a humanoid robot from Engineered Arts, speaks to @bstone6 at #BloombergTech via @BloombergLive. Tap the link in bio for live updates from the Bloomberg Technology Summit. | Bloomberg by ASM Channels

Roughly one in 37 homes are now considered "seriously underwater" in the US—and that share is much higher across a swath of southern states. Nationally, 2.7% of homes carried loan balances at least 25% more than their market value in the first few months of the year. That’s up from 2.6% in the previous quarter, according to a report from ATTOM, a real estate data firm. Tap the link in bio for the full story. 📷: Luke Sharrett/Bloomberg | Bloomberg by ASM Channels

Consumers have embraced "Buy Now, Pay Later" products that allow them to pay for purchases in installments, but it’s not clear how many of these loans are out there. Tap the link in bio for more on how Americans are racking up "phantom debt" — and it's a growing risk to the economy. 📷: Gabby Jones/Bloomberg via Getty Images | Bloomberg by ASM Channels

However deep your pockets, investors all want the same thing: a solid return. We asked five experts how to invest $1 million right now. Three of them focused on ways to play on the future of AI — beyond the obvious suspects. Tap the link in our to see their ideas in full. 📷: Ben Stansall/AFP/Getty Imagers | Bloomberg by ASM Channels

Perched at the top of Sydney's tallest tower, this opulent six-bedroom apartment overlooks the city's Opera House and Harbour Bridge - but no one wants to buy it. Not even cutting the asking price by 10%, to $59 million, has sparked interest in the chrome-heavy duplex, which has been on the market since at least 2021. That's because the property's target market of wealthy Chinese buyers has all but disappeared - and the shift in their spending habits has had consequences for luxury developments around the world. Tap the link in our bio to find out why Australia has been hit the hardest. 📷: Brent Lewin/Bloomberg | Bloomberg by ASM Channels

Tim Cook has transformed Apple since taking over as CEO from Steve Jobs in 2011. But the 63-year-old won't run the company forever. Head to the link in our bio to read about the insiders who could one day succeed him (via @businessweek).⁣ ⁣ 📷: Justin Metz for Bloomberg Businessweek | Bloomberg by ASM Channels

1440 Broadway, a 25-story building at the corner of Broadway and 40th Street in Midtown Manhattan, is emblematic of tensions in the $20 trillion market for US commercial real estate. The serious delinquency rate for office loans reached 7% in April, its highest level since early 2017, according to data from JPMorgan. That jump was driven in part by the $400 million loan backing 1440 Broadway. Tap the link in bio for the full story. | Bloomberg by ASM Channels