New details on SpaceX IPO, amendment to filing listing water access as risk factor

SpaceX is going public this month, and it could be the largest-ever stock market debut. As it plans this move, SpaceX has amended the language in its IPO filing to address the company’s growing need for water, particularly to expand its data centers. CBS News’ Kelly O’Grady reports, and University of California, Riverside, associate professor … Read more

This factor may determine whether you ever build wealth. You have no control over it.

Homeownership has long been seen as a cornerstone of the American Dream because it reliably builds wealth. But new research suggests your chances of ever acquiring a home may depend partly on something beyond your control: your parents’ wealth. To examine the factors that influence what economists refer to as “wealth mobility,” researchers from the … Read more

Supreme Court redefines how states can factor race into congressional maps

In a landmark ruling Wednesday, the U.S. Supreme Court held that a Louisiana congressional map – drawn to protect the electoral clout of Black voters in the state – is itself an unconstitutional racial gerrymander. The case, Louisiana v. Callais, concerned a map creating two majority-minority voting districts in a state where about one-third of … Read more