The New York Times |
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Americans Aren’t Money Savvy, and They’re Only Getting Worse15:17 Researchers say people with poor understanding of basic finances often make bad decisions on money matters. Here’s the latest.15:17 The Consequences of SpaceX’s Trillion-Dollar I.P.O.14:13 SpaceX’s trading debut is expected to smash records. Wall Street is watching to see what else it disrupts. Risk Strait of Hormuz or Wait? Shipping Companies Face a Costly Dilemma.11:33 With more than 500 ships still stranded in the Persian Gulf, pressure on the shipowners and sailors is growing by the day. How SpaceX’s IPO Compares With Saudi Aramco, Uber and Others11:33 The previous record was set over six years ago. But SpaceX, whose stock begins trading on Friday, is on track to raise tens of billions of dollars more. The World Is Draining Oil Reserves, Raising Pressure for a Peace Deal11:33 The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran. A Guide to Chicago’s South Side, Home of the New Obama Center11:33 The Obama Presidential Center, opening on June 19, is poised to attract visitors to an often-overlooked area. Here’s what you’ll find in Hyde Park and beyond. Oil Falls, Stocks Rise as Trump Signals Iran Peace Deal Takes Shape6:13 Oil prices retreated and stocks rallied after President Trump called off plans for another day of strikes on Iran, saying that a peace deal could be within reach. SpaceX IPO: How Our Reporters Assess the Sky-High Valuation and Potential Economic Impact23:48 Two Times tech reporters and their editor talk about assessing the sky-high valuation of the rocket and satellite maker, the potential economic impact of its public debut and the role of the world’s richest man in it all. Cleve Moler, Who Unlocked the Power of Computing for Millions, Dies at 8623:48 He built interfaces that allowed engineers, scientists and everyday people to solve difficult problems without having to write the underlying code. SpaceX Finalizes IPO Price at $135 a Share in World’s Largest Public Offering22:45 Elon Musk’s rocket company said it would sell more than 555 million shares at $135 each in its blockbuster initial public offering, which is set to begin trading on Friday. Absent From the SpaceX and OpenAI I.P.O.s? Chinese Investors.21:09 SpaceX will not raise funds from investors in China and Hong Kong. Others firms, like OpenAI, may follow suit. Skeptics Question Whether SpaceX Is Worth $1.77 Trillion19:31 Elon Musk’s rocket company is spending big and losing money. That has raised questions about whether it can justify its valuation for its blockbuster initial public offering. He Spent 15 Years Amassing SpaceX Shares. Now Comes the Windfall.19:31 Justin Fishner-Wolfson, long a minor figure in Elon Musk’s orbit, is at the helm of a multibillion-dollar payout |