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Bloomberg Business

📰 The first word in business news. 🖇️ https://likeshop.me/bloombergbusiness

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01
The children of the Rafah massacre.
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02
Footage reveals the moment that Israeli warplanes launched strikes on the tents of displaced people in Rafah, carrying out a massacre in which over 50 have been martyred or wounded so far. لحظة قصف خيام النازحين غرف رفح
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03
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
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04
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
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05
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
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06
"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
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07
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
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08
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
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09
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
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10
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
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11
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
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12
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
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13
Thailand's prime minister ordered a u-turn on the country’s landmark cannabis policy, two years after it became the first country in Asia to decriminalize the drug. See why at the link in our bio. 📷: Dimas Ardian/Bloomberg | Bloomberg by ASM Channels
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14
If you stand at the right spot in the Japanese holiday town of Fujikawaguchiko, Mount Fuji appears to float above a local convenience store. It's a view that's attracted crowds of travelers in search of the perfect shot. But residents are so annoyed that they're erecting a huge screen to block it out completely. It's a sign of the tourism surge straining Japan's famed hospitality, writes Gearoid Ready for @bloombergopinion — tap the link in our bio for more. 📷: Philip Fong/AFP/Getty Images | Bloomberg by ASM Channels
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15
The 471 million registered female voters in India will decide whether Prime Minister Modi returns to office for a third time. Political parties are keenly aware and battling furiously to win over women. But even as the parties make ever loftier promises, experts say they need to do more to create programs that encourage women to enter the labor force rather than ones that entrench existing gender norms of being caregivers and homemakers. Tap the link in our bio to read more. 📷: Prakash Singh/Bloomberg | Bloomberg by ASM Channels
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16
Donald Trump’s intimate moments with adult film star Stormy Daniels spilled out into open court in a highly-anticipated moment of his hush-money trial. The adult film star's vivid and often graphic testimony included fresh details on a story that has been pored over for years. Tap the link in our bio for more. 📷: Elizabeth Williams/AP Photo | Bloomberg by ASM Channels
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17
For all the talk of a big-money exodus from New York, the city’s residents still have more wealth — in excess of $3 trillion — than those of any other metro in the world. Read more about the world's cities with the most millionaires at the link in our bio.⁣ ⁣ 📷: Jeenah Moon/Bloomberg | Bloomberg by ASM Channels
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18
Panera Bread is discontinuing its Charged Sips, which have drawn lawsuits alleging the caffeinated drinks lead to health issues. Tap the link in bio for more. 📷: Bing Guan/Bloomberg | Bloomberg by ASM Channels
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19
Apple is looking to reinvigorate a tablet lineup that has languished over the past two years. At an online launch event Tuesday dubbed “Let Loose,” the company introduced a new iPad Pro and Air, plus accessories. Tap the link in bio for all the details. | Bloomberg by ASM Channels
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20
America is exporting more guns than ever, fueling shootings and violence around the world. Tap the link in bio for this free to read story, a finalist for the Pulitzer Prize for Investigative Reporting this year. Its free to read. 📷: Alex Wong/Getty Imag | Bloomberg by ASM Channels
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21
Taylor Swift's Eras tour is kicking off its European leg this week and is already expected to draw five times as many American travelers as the Paris Olympics, according to luxury travel agency Embark Beyond. Tap the link in bio to read what the average Swiftie trip in the French capital looks like. 📷: David Gray/AF | Bloomberg by ASM Channels
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22
Hundreds of aging “fracture critical” bridges across the US are in poor condition, according to a Bloomberg analysis of federal data. Every day, more than 230,000 people drive across the bridges that have earned the worst ratings. Tap the link in our bio to find out where these bridges are — and why they are still open. (via @citylab) 📷: Mark Felix for The Washington Post via Getty Images | Bloomberg by ASM Channels
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23
“At this point, California has made almost everything illegal, so you can’t make progress.” Elon Musk cites the state's high-speed rail as an example of a project that’s cost billions of dollars and gotten nowhere while speaking about regulation. Tap the link in bio for more of his comments at the Milken Institute Global Conference. | Bloomberg by ASM Channels
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24
Many Russians reacted with anger and shock to Vladimir Putin’s invasion of Ukraine in 2022. Now, as he begins another six-year term as president, he faces little domestic pressure to end the fighting, as nationalist appeals rally support and harsh crackdowns stifle protests. Tap the link in our bio for more on how the Kremlin is using the conflict to reshape Russia. 📷: Getty Images | Bloomberg by ASM Channels
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25
Voting kicks off in Prime Minister Narendra Modi’s home state of Gujarat in the third phase of India’s election, with campaigning becoming increasingly acrimonious between the two main parties. Tap the link in our bio to read more. 📷: Prakash Singh/Bloomberg | Bloomberg by ASM Channels
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26
The Palestinian militant group Hamas said it had agreed to a cease-fire proposal for the Gaza Strip, but Israel’s war cabinet unanimously rejected it as “far from Israel’s necessary demands,” dashing hopes for an immediate pause in the fighting. Tap the link in our bio for more. 📷: AFP/Getty Images | Bloomberg by ASM Channels
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27
The Swiss Army Knife, the iconic, more than century-old fold-up tool used by whittlers, soldiers and even astronauts, will soon be available without a blade. Victorinox, the company behind the quintessentially Swiss product, is responding to tighter regulations around weapons around the world, CEO Carl Elsener told the Blick newspaper. Tap the link in bio to learn which tools the company will swap the blade with. 📷: Adrian Moser/Bloomberg | Bloomberg by ASM Channels
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28
The Palestinian militant group Hamas said it had agreed to a cease-fire proposal for the Gaza Strip, but Israel’s war cabinet unanimously rejected it as “far from Israel’s necessary demands,” dashing hopes for an immediate pause in the fighting. The Israeli response followed hours after Hamas had posted a statement saying that Ismail Haniyeh, the head of the Hamas political office, had accepted a Qatari and Egyptian cease-fire proposal. Tap the link in bio for more. 📷: Menahem Kahana/AFP/Getty Images | Bloomberg by ASM Channels
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29
Despite the flexing you might see on social media, cryptocurrency riches aren't always blown on Lamborghinis and bling. Research shows a significant portion goes toward home purchases, boosting real-estate markets where crypto is popular. Tap the link in our bio to find out more. 📷: Qilai Shen/Bloomberg | Bloomberg by ASM Channels
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30
When Steve Jobs unveiled the iPad in 2010, he said it would usher in a post-PC era. But despite years of tweaking the device, Apple still hasn't managed to convince consumers to ditch laptops, or phones, as their primary computer. Could a new iPad reveal finally make Jobs' vision a reality? Read more in Mark Gurman's free Power On newsletter at the link in our bio. 📷: Brendon Thorne/Bloomberg | Bloomberg by ASM Channels
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31
Riding on Modi’s space ambitions, an Indian space startup will attempt its first orbital launch later this year. Menaka Doshi speaks with Skyroot Aerospace to see if they can catch up with SpaceX. Read about the country’s private space players by tapping the link in the bio. | Bloomberg by ASM Channels
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32
Archegos founder Bill Hwang — who erased his fortune in a blink and helped bring down Credit Suisse — heads to trial next week with his faith unshaken. Read more at the link in our bio.⁣ ⁣ 📷: LinkedIn | Bloomberg by ASM Channels
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33
The US dollar is big, stable and entrenched in the global economy — which is also why it’s become a compelling target. Head to the link in bio to learn why it’s so dominant, who that does (and doesn’t) benefit and whether or not it’s under threat.⁣ ⁣ 🎨: Joi Fulton | Bloomberg by ASM Channels
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34
In sports, America’s approach to winning still works. But when it comes to losing at team sports, America wimps out. The country could learn a thing or two from England’s Premier League, John Micklethwait and Simon Kennedy write for @bloombergopinion. US sports teams should emulate the European model: Losers get exiled, not coddled. Tap the link in our bio to read why. 📷: Michael Regan/Getty Images Europe | Bloomberg by ASM Channels
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35
Over the past year, thanks to his 16 million followers on TikTok, Keith Lee has emerged as one of the most prominent members of a rising class of food influencers who can transform a restaurant with a single video. The future of TikTok remains up in the air, but whatever happens, admirers credit Lee with helping to popularize a new style of no fuss food criticism. Tap the link in our bio to read what Lee had to say about his growing fame. 📷: Ethan Miller/Getty Images | Bloomberg by ASM Channels
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36
General Motors is ready to go up against Elon Musk’s Tesla in the EV race, CEO Mary Barra tells @emilychangTV. Watch in full, for free, at the link in our bio. | Bloomberg by ASM Channels
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37
What’s the price of a great summer vacation? For many travelers right now, the answer is simple: too much. Our @bloombergpursuits 2024 special report is filled with 27 trip ideas to make your vacation budget go further — without sacrificing luxury. Tap the link in bio for more. 📷: Emli Bendixen for Bloomberg Businessweek | Bloomberg by ASM Channels
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38
Novo Nordisk, the maker of Ozempic and Wegovy, is now Europe’s most valuable company. Its home country of Denmark is hooked on that success. The drugmaker's role in the economy means its agenda has influenced everything from immigration policy to infrastructure. Tap the link in our bio to see why some think it's a dangerous dependence. 📷: Novo CEO Lars Fruergaard Jorgensen. By Carsten Snejbjerg/Bloomberg | Bloomberg by ASM Channels
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39
India celebrates 100 years of independence in 2047 — and Prime Minister Narendra Modi has vowed to turn it into a “developed country” by then. It's an ambitious goal that would require a sixfold increase in GDP. Can India do it? Find out what experts think at the link in our bio. 📷: Prakash Singh/Bloomberg | Bloomberg by ASM Channels
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40
Hotel rates in Europe have jumped 50% since 2019, according to market researcher CoStar, but one place where pricing is relatively stable — even if your footing isn’t — is on a boat. The cost of a cruise can be a steal when you consider it also includes meals and entertainment. Tap the link in bio for everything you need to know. (via @bloombergpursuits) 📷: Sailing Classics | Bloomberg by ASM Channels
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The children of the Rafah massacre.
Show all...
😭 13😱 5😢 5👎 1🥰 1💔 1
00:17
Video unavailableShow in Telegram
Footage reveals the moment that Israeli warplanes launched strikes on the tents of displaced people in Rafah, carrying out a massacre in which over 50 have been martyred or wounded so far. لحظة قصف خيام النازحين غرف رفح
Show all...
👍 3
Photo unavailableShow in Telegram
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
Show all...
👍 3
Photo unavailableShow in Telegram
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
Show all...
👍 2
Photo unavailableShow in Telegram
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
Show all...
01:16
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"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
Show all...
Photo unavailableShow in Telegram
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
Show all...
Photo unavailableShow in Telegram
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
Show all...
Photo unavailableShow in Telegram
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
Show all...
Photo unavailableShow in Telegram
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
Show all...