An inflation gauge closely tracked by the Federal Reserve shows price pressures continue to cool

HELSINKI — Voters in Finland were electing a new president Sunday at an unprecedented time for the Nordic nation that is now a NATO member with its eastern border with Russia closed — two things almost unthinkable a few years ago. Polls across the country opened at 9 a.m. (0700 GMT) and will close at…

MIAMI — The world’s largest cruise ship is set to begin its maiden voyage Saturday as it gets underway from the Port of Miami. Royal Caribbean’s Icon of the Seas, which runs nearly 1,200 feet (365 meters) from bow to stern, is leaving South Florida for its first seven-day island-hopping voyage through the tropics. The…

Talk about confidence in Sixth Avenue! While some Midtown restaurateurs claim they’re struggling, Del Frisco’s Double Eagle Steakhouse — a three-level, 25,000 square-foot jumbo at 1221 Sixth Ave. —  just renewed its lease with long-time landlord Rockefeller Group for 20 more years. The 2.6 million square-feet office tower above the steakhouse is more than 99 percent leased while…

China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy

ANKARA, Turkey — Turkey’s central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December. The bank brought its benchmark rate to 45%. It’s the eighth interest rate hike since President Recep Tayyip Erdogan has…

Vince McMahon’s sex scandal has thrown the WWE into chaos ahead of this weekend’s much-hyped Royal Rumble and the recent $5 billion deal with Netflix – leading to speculation that the mogul’s longtime stranglehold over his wrestling empire could finally be broken. McMahon, the executive chairman of WWE-parent TKO Group Holdings, was slapped with a…