The Latest

Stocks plunge as inflation surges, consumer spending stalls

Stocks slid in early trading Thursday as another decades-high inflation reading and Jerome Powell’s acknowledgment of a heightened recession risk further rattled investor confidence.

Why the US considers Miami 'epicenter' of nation's housing crisis

The Biden administration says Miami, is the "epicenter" of the country's housing crisis as the South Florida metropolis has seen a surge in demand.

Key inflation gauge tracked by the Fed remains a high 6.3%

A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Thursday’s report from the...

Ben & Jerry's founders slam Unilever's ice cream sale to Israeli licensee

"We continue to believe it is inconsistent with Ben & Jerry's values for our ice cream to be sold in the Occupied Palestinian Territory," Ben & Jerry's tweeted on Wednesday.

Coca-Cola seeks buzz from new flavor spun by DJ Marshmello

Coca-Cola will release a strawberry-and-watermelon-infused soda after teaming with Grammy-winning mashup artist DJ Marshmello on a new flavor.

Xerox CEO dead at 59 after complications from illness

Xerox boss John Visentin has died at age 59 after experiencing complications from an undisclosed “ongoing illness,” the company announced on Wednesday. Xerox officials said that Visentin, the company’s CEO...

Bitcoin dips below $19K as crypto fund Three Arrows implodes

Bitcoin briefly sank below $19,000 on Thursday, hitting a fresh low for the year as investors digested the collapse of cryptocurrency hedge fund Three Arrows and the rising risk of...

Bad Apple: Tim Cook slammed for gushing interview with Chinese 'propaganda rag'

A Republican congressman lashed out at Tim Cook for giving an interview earlier this month to a Chinese state-owned media entity in which the Apple chief executive praised China’s software...

NYC bars and restaurants beef up security as crime, homelessness soars

Runaway crime and rampant homelessness are forcing restaurant owners to close early or spend extra money on security to keep their patrons safe, according to interviews with several Big Apple...

Woman fatally struck by NYC subway was investment bank summer intern, NYU student

The woman was returning to Manhattan after attending a New York Mets game with Lazard colleagues, sources told The Post.