I feel I should know the answer to this and will be embarrassed for asking when you reply but here goes.
I know how to make a static page the front page of a website, but then I would still like to have the default page that shows all the latest posts available as a ‘Latest News’ link on the menu bar.
There you can see A static page (select below)
select that radio button and which page you want to display in the home page. Select it from dropdown. Then it will displayed in your front page.
Recently we dont have implemented for it. If you are good in coding then you can add the codes. All the content page is displayed from attitude-> library->structure-> content-extension.php. If you are not able then you can hire a developer for it. But we recommened not to chnage our code because if you change anything then while updating our new version all your customization code will be lost