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Yesterday — 29 May 2026News

Sky-High I.P.O. Pricing Isn’t Great for Real People

29 May 2026 at 23:02
When newly public companies have been valued as richly as SpaceX, OpenAI and Anthropic seem likely to be, the outlook for ordinary investors has been poor.

© Eric Gay/Associated Press

SpaceX’s Starship rocket during a test flight in May. The company’s chief executive, Elon Musk, stands to unlock a great fortune when the company goes public.

Dell Gets a $9.7 Billion Defense Contract. Trump’s Portfolio Stands to Benefit.

29 May 2026 at 02:41
The president’s family says his stock purchases are automatically timed, but recent acquisitions of the computer company’s shares raise questions.

© Doug Mills/The New York Times

Michael and Susan Dell pledged in December to donate $6.25 billion to kick off the “Trump accounts” program that creates special investment savings accounts with tax benefits for American children.
Before yesterdayNews

Oil Prices Climb on Renewed Hostilities in Middle East

28 May 2026 at 16:00
Oil prices jumped after the U.S. said it shot down four Iranian attack drones, casting doubt once again on the prospects for a peace deal.

© Jonas Roosens/Belga, via Agence France-Presse — Getty Images

Ferrari’s First Electric Car Runs Into Backlash in Italy and Beyond

27 May 2026 at 22:27
Memes mocked the new model, analysts questioned its appeal and investors sold the automaker’s stock. A former Ferrari chairman warned of “the destruction of a legend.”

© Ferrari Press Office, via AFP -- Getty Images

For help designing the fully electric car, Ferrari turned to the agency founded by Jony Ive, Apple’s former design chief, and the industrial designer Marc Newson.
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