The Price of Shrimp Cocktail

The shrimp cocktail at the comically exclusive Polo Bar in Manhattan is an imposing specimen, the crustaceans arriving tightly shingled on a steeple of ice accented by a celery spire. To devour one in a single bite would be gluttonous. Each requires at least three bites to enjoy — and to ensure the tail meat … Read more

Americans Are Expecting Higher Prices. That Could Unnerve the Fed.

Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices. Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and market-based measures of investors’ expectations, … Read more

1,200 Acres of Powder for Around $100: Skiing Vermont’s Bolton Valley

Bolton Valley Resort, about 30 minutes east of Burlington, Vt., has long been overshadowed by larger, more famous neighbors. The family-owned ski area is halfway between Stowe Mountain Resort and Sugarbush, both owned by ski conglomerates that rely on multimountain passes. Stowe takes Epic and Sugarbush takes Ikon, and each resort has more than 100 … Read more

Crypto Trader OKX Pleads Guilty to Running Illegal U.S. Operation

An offshore cryptocurrency trading firm pleaded guilty on Monday in U.S. District Court in Manhattan to a charge of operating as an unlicensed money transmitting business in the United States while seeking customers in New York and other states. In pleading guilty, the Seychelles-based company that operates OKX, which the government described as one of … Read more

What Germany’s Election Result Means for Its Economy

Friedrich Merz and his center-right Christian Democrats emerged victorious in Germany’s election on Sunday, but the celebrations may be short. The next government, almost certainly led by Mr. Merz as chancellor, faces a stagnant economy, President Trump’s threat to put tariffs on the country’s crucial export industries and a fourth year of war in Ukraine. … Read more