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Today: August 12, 2026
Today: August 12, 2026

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China's Londian Wason valued at $2 billion as shares rise in NYSE debut

Copper foil maker Londian Wason New Energy Tech was valued at $2.01 billion in its New York Stock Exchange debut on Wednesday, marking the largest IPO of a Chinese company in the U.S. in more than a year.The Shenzhen-based company's shares opened at $26 apiece, above their offer price of $22, after it raised $94.3 million in Tuesday's upsized offering.Chinese IPOs in the United States have dwindled in recent years amid escalating tensions between Washington and Beijing and increased scrutiny of China-based issuers. In 2025, regulators called for restrictions on foreign companies' access to U.
China's Londian Wason valued at $2 billion as shares rise in NYSE debut
Business|Economy|Finance|Sports|US

A blockbuster $12.5B deal as Josh Kushner and Bob Iger agree to buy the Lakers, AP source says

The Los Angeles Lakers are being sold for the second time in a year, going to businessmen Josh Kushner and Bob Iger for a record-breaking price. This sale agreement is $12.5 billion, according to a person familiar with the terms who spoke to The Associated Press on condition of anonymity Wednesday because neither side revealed specific details of the latest stunning development with one of North America's marquee sports teams. ESPN first reported that Kushner and Iger are buying the NBA's most valuable franchise. The Lakers were valued last year at $10 billion —
A blockbuster $12.5B deal as Josh Kushner and Bob Iger agree to buy the Lakers, AP source says
Business|Economy|Finance|World

Instant View: Market shrugs off in-line July CPI report

U.S. consumer prices increased slightly in July, potentially weakening the argument for an interest rate increase from the Federal Reserve next month.The Consumer Price Index edged up 0.1% last month after dropping 0.4% in June, which was the first decline in six years, the Labor Department's Bureau of Labor Statistics said on Wednesday.In the 12 months through July, the CPI advanced 3.4% after rising 3.5% in June. Excluding the volatile food and energy components, the CPI gained 0.2% last month after being unchanged in June. The so-called core CPI increased 2.5% in the 12 months through July
Instant View: Market shrugs off in-line July CPI report

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US annual inflation cooled to 3.4% in July as gas prices ease

Annual inflation slowed for the second month in a row, cooling to 3.4% in July as prices at the pump and the grocery store delivered less of a bite, according to new data released Wednesday by the Bureau of Labor Statistics.The latest Consumer Price Index showed that prices rose 0.1% on a monthly basis, in line with economists’ expectations.Wednesday’s CPI report could offer price-weary Americans some relief after inflation hit a three-year high just two months ago. However, economists caution that might not last.And with the accumulated toll of five-plus years of high inflation, for many
US annual inflation cooled to 3.4% in July as gas prices ease
Business|Economy|Finance|Stock Markets|US|World

US consumer inflation mild in July, economy still not out of the woods

U.S. consumer prices barely increased in July as the cost of gasoline declined for a second straight month, while underlying inflation was benign, further reducing the odds of an interest rate hike from the Federal Reserve next month.The small rebound in the monthly Consumer Price Index reported by the Labor Department on Wednesday, which was in line with economists' expectations, also reflected marginal gains in the prices of food and apparel as well as decreases in the costs of hotels and motel rooms, and prescription medication.The report followed on the heels of news last week of surprise
Crime|Political|Technology|US|World

ICE plans to spend up to $20 million on electrical shock gloves for agents

Immigration and Customs Enforcement agents and officers may soon be equipped with gloves that deliver electrical shocks, which the manufacturer says are intended to de-escalate encounters with individuals.ICE is planning to spend between an estimated $10 and $20 million to purchase the devices, known as CTG 5 G.L.O.V.E, which stands for Generated Low Output Voltage Emitter, according to a notice published Monday by the Department of Homeland Security.The devices would be delivered by March 31, 2027, according to the contract previewed on DHS’ portal for forecasting contract opportunities. It
ICE plans to spend up to $20 million on electrical shock gloves for agents
Crime|US|World

3 states are set to hold executions on the same day, a first in the US since 2010

Tennessee, Alabama and Oklahoma plan to execute inmates Thursday in what would be the first time in nearly 16 years that three people are put to death on the same day in the United States. The executions come as a small number of states, including the three with scheduled lethal injections Thursday, drive execution numbers in the United States. “You look at the country as a whole, you’ve just got this little pocket of five or six states that are using the death penalty, executing people, and a small number of states that are still imposing new death sentences,�

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Crime|Europe|MidEast|Political|World

Several close personal aides joined Trump on his secret flight from Turkey, source says

Close personal aides joined President Donald Trump aboard a smaller aircraft flying out of Turkey last month after he snuck out of a larger plane, according to a person familiar with the arrangements, while several Cabinet members remained on the legacy Air Force One that flew without him.The aides with Trump on that smaller plane included Natalie Harp, an executive assistant who regularly accompanies Trump when he travels; Dan Scavino, a deputy White House chief of staff; and Walt Nauta, the director of Oval Office operations who also frequently travels with the president.Defense Secretary Pe
Several close personal aides joined Trump on his secret flight from Turkey, source says
Business|Economy|Finance|Stock Markets|US|World

US consumer inflation mild in July, economy still not out of the woods

U.S. consumer prices barely increased in July as the cost of gasoline declined for a second straight month, while underlying inflation was benign, further reducing the odds of an interest rate hike from the Federal Reserve next month.The small rebound in the monthly Consumer Price Index reported by the Labor Department on Wednesday, which was in line with economists' expectations, also reflected marginal gains in the prices of food and apparel as well as decreases in the costs of hotels and motel rooms, and prescription medication.The report followed on the heels of news last week of surprise
Business|Environment|Health|Science|World

‘Catastrophic’ flooding ongoing in Indiana as more dangerous storms track across ravaged Midwest states

� flooding as more waves of dangerous thunderstorms roll across the already storm-weary Midwest.“We are experiencing a catastrophic flooding situation,” a social media post from Cambridge City, Indiana, said.More than two months worth of rain – up to 8 inches – has fallen in parts of eastern Indiana and more is on the way.⛈️☔️In one of the impacted areas? Track the storms, find out your local risk and get more detailed timing from meteorologists in the CNN Weather app⛈️☔️Storms on Tuesday flooded towns in Ohio and morphed into a rare, deadly derecho that left a trail of
‘Catastrophic’ flooding ongoing in Indiana as more dangerous storms track across ravaged Midwest states
Crime|Education|Health|Political|World

Thailand tightens gun controls after deadly school shooting

Thailand is suspending new gun permits and tightening its firearm controls after last week’s deadly school shooting, in which a 14-year-old boy killed eight people before turning the gun on himself.Prime Minister Anutin Charnvirakul issued the directive on Tuesday, ordering government officials to “urgently elevate firearm control measures across the entire system,” according to a statement from his office.The measures include temporarily suspending the issuance of gun purchase permits, re-reviewing all permits still pending approval, and suspending new “welfare gun” programs – whi

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Business|Economy|Finance|Stock Markets|US|World

US consumer inflation mild in July, economy still not out of the woods

US consumer inflation mild in July, economy still not out of the woods
Business|Economy|Food

How the Whopper reignited the burger wars

How the Whopper reignited the burger wars

Business|Economy|Finance|Stock Markets|US

US annual inflation cooled to 3.4% in July as gas prices ease

US annual inflation cooled to 3.4% in July as gas prices ease

Crime|Europe|Political|Travel|World

Security concerns prompted Trump to secretly change planes in Turkey, official says

Security concerns prompted Trump to secretly change planes in Turkey, official says
Election|Political

Establishment strikes back in Wisconsin and other takeaways from Tuesday’s primaries

Establishment strikes back in Wisconsin and other takeaways from Tuesday’s primaries

Americas|Arts|Business|Crime|Economy|Environment|Health|World

A whisper from the rubble led to baby’s rescue after Colombia earthquake

A whisper from the rubble led to baby’s rescue after Colombia earthquake

Election|Political|US

The Latest: Democratic socialist is neck and neck with moderate in Wisconsin governor primary

The Latest: Democratic socialist is neck and neck with moderate in Wisconsin governor primary
Business|Crime|Election|Finance|Political|Sports

Progressive Democrats get another win in Minnesota US Senate primary

Lt. Gov. Peggy Flanagan won the Minnesota Democratic Senate primary in the latest victory for an insurgent progressive over the party’s establishment

Crime|Election|Political

Deadline passes for Rep. Max Miller to be replaced on Ohio ballot as he faces domestic abuse claims

Embattled Republican Rep. Max Miller is staying in the race for his Ohio congressional district

Crime|Political|Technology

Flock cameras are getting mobbed

Flock cameras are getting mobbed

California & Local

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools