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The Daily Legal News
Business
Going public
Q: What's going on if a company raises $10 billion when it goes public via an initial public offering (IPO) -- when it's valued much higher, say at $50 billion? Why wouldn't the IPO raise $50 billion? -- G.F., Canton, Ohio
A: In many, if not most, cases, a company will offer only a portion of its value to the public via an IPO. ... (full story)
George Soros' philanthropy looks for new ideas as it grapples with limits of power
NEW YORK (AP) — Open Society Foundations, the family philanthropy of hedge fund billionaire George Soros, has consistently been one of the largest funders of human rights organizations around the world. But what that means has changed in recent years, with a new focus on addressing inequality.
"It's about paying atten ... (full story)
How the Fed's rate cut impacts mortgage rates
LOS ANGELES (AP) — Hoping that mortgage rates will keep dropping following the Federal Reserve's first rate cut since last year? Don't bank on it.
As expected, the central bank delivered a quarter-point cut recently and projected it would lower its benchmark rate twice more this year, reflecting growing concern over the U. ... (full story)
Local
Bolsonaro conviction breaks Brazil's record of handing impunity to coup plotters and may protect its democracy from military interference
(THE CONVERSATION) Brazil has a long and tragic history of military intervention in politics. Too often, the country's armed forces have made themselves arbiters of what the country's government could or could not do.
In many cases, the military has intervened to block policies it sees as threatening the status quo in one of the ... (full story)
Right-wing extremist violence is more frequent and more deadly than left-wing violence − what the data shows
(THE CONVERSATION) After the Sept. 10, 2025, assassination of conservative political activist Charlie Kirk, President Donald Trump claimed that radical leftist groups foment political violence in the U.S., and "they should be put in jail."
"The radical left causes tremendous violence," he said, asserting that ... (full story)
State
Mass deportations ensnare immigrant service members, vets, families
PHOENIX (AP) — Leading up to the 2024 presidential election, U.S. Army veteran Sae Joon Park kept in mind a warning from an immigration officer: If Donald Trump were elected, Park would likely be at risk for deportation.
Park was 7 when he came to the U.S. from Seoul, South Korea. He joined the Army at 19 and received a Pu ... (full story)
A law enforcement surge has taken a toll on children of immigrants in Washington schools
WASHINGTON (AP) — The last time she saw her husband, the father of her three children, was when he left their Washington apartment a month ago to buy milk and diapers. Before long he called to say he had been pulled over — but not to worry, because it was just local police. The next time she heard from him, he was at a d ... (full story)
Federal Reserve shows unexpected unity, independence as it weathers Trump's attacks
WASHINGTON (AP) — The Federal Reserve's nearly unanimous decision recently to reduce its key interest rate was seen by many observers as a quiet show of unity and independence amid President Donald Trump's relentless pressure for steeper cuts and his unprecedented effort to fire a top Fed official.
Many Fed-watchers expect ... (full story)