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Inflation is up. Why is Aldi cutting prices?

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

Top Business stories

Valley Bank, with LI branches, buys financial tech company

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

Inflation cooled slightly last month even as consumers stepped up spending

FTC is investigating OpenAI and Anthropic over possible risks to consumers

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

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

The top 5 midsize SUVs tested and ranked by Edmunds

Hedge fund CEO Ken Griffin gives record $3B to Carnegie Mellon to build Miami campus

Americans' view of the economy sinks to the lowest level since 2014, Conference Board survey says

U.S. job openings slipped to 7.1 million in August but labor market remains sturdy

Millions who need flood insurance the most don't have it as flawed federal program raises prices

From motorcycles to booze, US ban on $1 billion worth of Canadian imports goes into effect

Military academies won't give tenure to civilian faculty, Hegseth says

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

0:15

Luxury rentals part of Main Street revitalization

0:19

Consumer Price Index up from last year

01:37

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