When using white in design, it signifies purity, innocence, minimalism, as well as a very clean feeling. White definitely goes well with any other color.
On the other hand, black just always stands out. The reverse "print", as some would call it, is very popular in newspaper ads because they attract the most attention. Black is bold, elegant, mysterious, sophisticated, but it can also convey a conservative feeling as well.
Take a look at 50 incredible examples of black and white typography.