Nathan Bomey

Washington, D.C., United States

Business Reporter at Axios

Business Reporter at Axios Closer Newsletter

@Axios Closer biz newsletter writer. Ex: @USATODAY, @Freep reporter. Author, "Bridge Builders," "After the Fact," "Detroit Resurrected." [email protected]

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Articles

Here's why solo camping is on the rise

3 days ago | axios.com | Kale Williams |Nathan Bomey

Home for the night in the shadow of Broken Top. Photo: Kale Williams/AxiosAmericans are taking more solo camping trips to get away from it all, and Portlanders have no shortage of options. Why it matters: Depending on whom you ask, it's either another symptom of America's loneliness epidemic or it's a healthy YOLO move for people who just need a break.
Retailers talk tariffs

1 week ago | axios.com | Nathan Bomey

Illustration: Natalie Peeples/AxiosA handful of retailers delivered a mixed message on tariff impacts when reporting earnings today. ğï¸ Macy's: The department store chain reduced its earnings outlook, though tariffs were only part of the reason. CEO Tony Spring told CNBC the company would raise prices on a "surgical" basis to offset them. But its strategy of focusing on its best locations is starting to yield results.
1 travel thing: Hurry up, United flyers

1 week ago | axios.com | Nathan Bomey

Travelers use kiosks at the United Airlines check-in area at San Francisco International Airport on May 23. Photo: David Paul Morris/Bloomberg via Getty ImagesUnited Airlines flyers will need to check in at least 45 minutes before departure. The new rule, which takes effect June 3, applies to both customers who are not checking a bag and customers who are checking one. ⏰ Previously, flyers who weren't checking a bag could check in as late as 30 minutes before departure.
Camping alone is America's new favorite pastime

1 week ago | axios.com | Nathan Bomey

Colorado resident Kris Angelo goes solo camping with his dog, Australian Shepherd mix Chappelle. Photo courtesy of Kris AngeloAmericans are taking more solo camping trips to get away from it all. Why it matters: Depending on who you ask, it's either another symptom of America's loneliness epidemic or it's healthy YOLO move for people who just need a break from the craziness of daily life.
Nvidia's earnings surged but chip export restrictions dealt a blow

1 week ago | axios.com | Nathan Bomey

Nvidia CEO Jensen Huang speaks during a news conference in Taipei on May 21. Photo: I-Hwa Cheng / AFP via Getty ImagesNvidia topped earnings expectations in its most recent quarter as AI chip demand continues to fuel growth for the company despite concerns about mounting U.S.-to-China export restrictions. Why it matters: Nvidia has become a bellwether stock for the AI economy as tech companies invest heavily in product development and data center capability, powering Nvidia's rise.
Temu's tariff pain

1 week ago | axios.com | Nathan Bomey

A logistics center for Temu owner PDD Holdings in Guangdong Province, China, on April 8. Photo: Qilai Shen/Bloomberg via Getty ImagesShares in Temu's parent company plunged nearly 14% in the U.S. today after the company signaled deep-seated challenges from Trump's trade war. âï¸ PDD Holdings reported a slight rise in Q1 revenue to the equivalent of around $13.3 billion, but a nearly 50% drop in net profit to $2 billion.
1 rocket launch to watch

1 week ago | axios.com | Nathan Bomey

The SpaceX Starship Flight 8 booster returns from its ascent on March 6 in Boca Chica Beach, Texas. Photo: Brandon Bell/Getty ImagesSpaceX is expected to attempt a critical test flight for its Starship rocket shortly after this newsletter reaches your inbox. "The stakes are particularly high for this Starship flight, as the last two test launches of the rocket didn't end well for SpaceX," Bloomberg reports.
Nvidia under pressure to show growth despite Trump tariffs

1 week ago | axios.com | Nathan Bomey

Photo: Li Hongbo/VCG via Getty ImagesInvestors will be seeking signs Wednesday of how President Trump's trade war is affecting Nvidia when the AI chip giant reports earnings in the afternoon. Why it matters: With U.S. export restrictions for AI chips tightening, Nvidia finds itself in a revenue pickle — trying to maintain as much business as possible in China while appeasing the American government.
OnlyFans up for sale

2 weeks ago | axios.com | Nathan Bomey

Photo: Loic Venance/AFP via Getty ImagesThe owner of OnlyFans is in talks to sell the London-based social entertainment network, according to multiple reports. OnlyFans owner Leonid Radvinsky is pursuing an $8 billion valuation in talks with investment firm Forest Road Company, reported Reuters, Bloomberg and Variety. What to watch for: Whether OnlyFans — which gets much of its traffic from pornographic videos — can "overcome risks associated with hosting adult content," Bloomberg reported.
Trump backs "partnership" between US Steel, Nippon Steel

2 weeks ago | axios.com | Nathan Bomey

The U.S. Steel Clairton Plant in Clairton, Pennsylvania. Photo: Dominic Gwinn/Middle East Images/Middle East Images/AFP via Getty ImagesPresident Trump on Friday threw his support behind what he called a "planned partnership" between U.S. Steel and Japan-based Nippon Steel, calling it a job-creating deal. Why it matters: The Biden administration had rejected Nippon's proposed acquisition of U.S. Steel under national security grounds — and Trump had also expressed opposition to an outright sale.