Inflation runs hotter in June as US faces recession risk

Chip Somodevilla/Getty Images(NEW YORK) — As U.S. policymakers walk a tightrope in an attempt to dial back sky-high prices while averting an economic recession, new inflation data on Wednesday showed a significant acceleration of price hikes.

Prices …

Five people fatally shot in four hours in New York City

tzahiV/Getty Images(NEW YORK) — Five men were killed in separate shootings that erupted on the streets of New York City during a violent four-hour streak, police said.
The slayings occurred between 9 p.m. Tuesday and 1 a.m. Wednesday, including three…

Signs the housing market is turning more buyer-friendly

Courtesy Jarvis Claiborne(NEW YORK) — When Jarvis Claiborne and his wife Renada were pre-approved for a mortgage in February, they were excited to start shopping for their first home in Houston, Texas. But that excitement quickly turned to shock and f…