Elon Musk’s SpaceX is becoming a publicly traded company after selling 555.6 million shares in what was the biggest initial public offering in history. But my new research suggests that investors who bought those shares are unlikely to see the explosive growth that past IPOs had.

The rocket, satellite and artificial intelligence company said it raised US$75 billion on June 11, 2026, in the offering, giving it a valuation of $1.77 trillion.

The racial wealth gap is widening as many workers of color go without retirement savings.

The median wealth gap between Black and Hispanic families and white families expanded by about $50,000 between 2019 and 2022, according to research from The Pew Charitable Trusts. The typical white family had $240,000 more wealth in 2022 than the typical Black family and $223,000 more than the typical Hispanic family.

NEW YORK (AP) — As if Scott Pelley’s years in a glamorous, globetrotting, seven-figure dream job weren’t enough, he’s pulled off one more thing to stir your envy: a cutting takedown of his boss that went loudly public.

The “60 Minutes” correspondent’s searing rebuke of CBS management this week, in which he questioned his bosses’ credentials and motives, may have ended in his firing, but amounted to the sort of mouthing-off that workplace peons typically only fantasize about.

Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026, underscores why policymakers are worried these pressures could spread into the broader economy.