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Inflation is up. Why is Aldi cutting prices?

Plus: A reader asks why the cost of living is so high

WALLET WATCH

Wallet WatchLong Island seniors saved for retirement. Now, they worry the money won't last.

They're buying less meat, putting off home repairs and worrying about the cost of care. For Long Island's rapidly growing senior population, retirement is getting more expensive.

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Wallet WatchOn LI, a six-figure income can still leave families squeezed by college costs

Thrift chain opening 8th store on LI amid more high-income shoppers

Track gas prices, LI housing costs and more

Top Business stories

Valley Bank, with LI branches, buys financial tech company

LI couple brings The Neighborhood Coffee to life after 4-year stall

Only in NewsdayPoll: What LIers think about affordable housing

Drug company recalls blood pressure medication

First in NewsdayDeveloper gets $333G in tax breaks to revamp former LI medical center

At least 3 Starbucks on LI closing today

More building in Melville? Developer acquires office building for future mixed-use site

More Business news

Pandora opens $150 million Vietnam jewelry factory powered by renewable energy

Vietnam's Ho Chi Minh City is learning to live with floods but climate change has raised the stakes

Survey by Japan's central bank shows business sentiments are up for sixth straight month

This Head Start center teaches in two languages. A Trump overhaul would require one: English

Inflation cooled slightly last month even as consumers stepped up spending

US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate

Judge approves Paramount's settlement with states over Warner buyout, allowing merger to soon close

FTC is investigating OpenAI and Anthropic over possible risks to consumers

DoorDash partners with Macy's, Anthropologie and others to expand clothing delivery

Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement

A timeline of developments in AI safety since the attack on Hugging Face

The world's largest oat milk producer has joined an unusual climate journalism campaign

Retail Roundup

First in NewsdayLI mall's revamp almost done, with new stores planned

Only in NewsdaySupermarkets play musical chairs as vacant spaces become hot properties

Aldi cuts grocery prices as shoppers buy less food

Ross Dress for Less opening 2 more LI stores

Latest Videos

'I think they should be limited'

'It's been a day'

'Anywhere from moderate flooding to major flooding'.

'It's nature, there's nothing I can do about it'

Friday will see winds up to 55 mph

New plaza, stores, games, 'park-like' setting coming to Smith Haven Mall

01:12

Pharmaceutical company expanding, adding jobs in Hauppauge

01:32

As Americans drink less, Long Island bars and breweries get creative

01:52

Long Island businesses turn to worker housing as employees get priced out

02:01

NYU Langone plans new hospital in Melville

01:20

NYS takes crack at lowering auto insurance premiums. Here's what that means for LI.

01:49

Open-air formats are reshaping LI's mall industry in push to survive

03:11

Global items alongside standard fare

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Luxury rentals part of Main Street revitalization

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Consumer Price Index up from last year

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