boom

The cloud boom has hit its stormiest moment yet, and it is costing investors billions

The cloud boom has hit its stormiest moment yet, and it is costing investors billions

The cloud boom has finally reached a resting altitude, but Wall Street is doing anything but resting. Amazon.com Inc. AMZN, -4.06%, the original pioneer in cloud computing, confirmed Thursday what rivals Microsoft Corp. MSFT, -1.98% and Alphabet Inc. GOOGLE, -2.85% GOOG, -2.34% suggested with their earnings reports earlier in the week: Cloud-computing growth has finally …

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If SpaceX's Starship Goes Boom on the Launch Pad, NASA Has a Backup Plan

If SpaceX’s Starship Goes Boom on the Launch Pad, NASA Has a Backup Plan

SpaceX’s Super Heavy Booster 7 recently completed a 7 engine static fire test at Starbase.Photo: SpaceX SpaceX is moving ahead with plans to upgrade a launch pad at Cape Canaveral Space Force Station, which will serve as a backup to the Kennedy Space Center pad the company currently uses to launch cargo and crews to …

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Chipmaker Micron to build $20 billion NY factory amid semiconductor boom

Chipmaker Micron to build $20 billion NY factory amid semiconductor boom

Tech giant Micron said it will invest $20 billion in a new chip factory in Upstate New York and up to $100 billion over 20 years if it decides to expand — another sign of a domestic semiconductor manufacturing boom. Micron said it will build the factory in Clay, NY, just north of Syracuse, with …

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Home prices are falling in 6 major US cities and still rising in 13. Here's how the major markets are faring as buyers adjust to the end of the boom.

Home prices are falling in 6 major US cities and still rising in 13. Here’s how the major markets are faring as buyers adjust to the end of the boom.

A handful of cities are the first to show the housing market caving amid fading buyer demand. The six cities listed here are some of the largest in the US and have been in high demand in recent years. Rising mortgage rates and slowing sales suggest more cities will join the fray through 2022. Loading …

Home prices are falling in 6 major US cities and still rising in 13. Here’s how the major markets are faring as buyers adjust to the end of the boom. Read More »

Video game giants had a miserable second quarter as the pandemic gaming boom hit a wall

Video game giants had a miserable second quarter as the pandemic gaming boom hit a wall

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Glue Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as the initial tailwinds from the Covid pandemic faded. In the three months ended June, Microsoft, Sony and Nintendo each …

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(FILES) In this file photo taken on June 03, 2022, people walk past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia. - The US economy continued to add jobs in June at a rapid pace, while the unemployment rate held steady at 3.6 percent and wages rose, according to government data released on July 8, 2022. There were 372,000 new positions added in the month, far more than economists expected, the Labor Deparment reported. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

America’s jobs boom rolls on, fueling fears of sustained inflation

It would normally be cause for unalloyed celebration. According to figures released on August 5th, America’s unemployment rate in July fell to 3.5%, matching a half-century low hit just before covid-19. Moreover, with nearly 530,000 jobs created last month—more than twice as many as expected—the economy has now recovered all of the jobs lost during …

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