Rahmat A. Shoureshi has joined New York Institute of Technology as the new provost and vice president for academic affairs. The Manhattan resident was dean of the School of Engineering and Computing Science at the University of Denver. 
------------------- Read more of <a href="http://www.newsday.com/business/inside-long-island-business-1.811933" target="new">Inside Long Island Business</a>

Rahmat A. Shoureshi has joined New York Institute of Technology as the new provost and vice president for academic affairs. The Manhattan resident was dean of the School of Engineering and Computing Science at the University of Denver. ------------------- Read more of Inside Long Island Business

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Increases in consumer prices in January-March that were higher than expected have caused officials to rethink the timing of rate cuts, said Austan Goolsbee, who leads the Federal Reserve Bank of Chicago.

Fed needs to 'recalibrate' interest-rate cutting plan, top official says

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A former LI man set himself on fire at a park outside the courthouse of the Trump hush money trial where jury selection happened.

Former LI man ablaze outside trial

A Nassau judge said she was considering additional penalties against the owners of Cold Spring Hills nursing home after the facility ignored a contempt order for failing to make a $2.65 million payment.

On the hook for at least $2.6M

New York State Police say one person was injured in a two-car crash in the eastbound lanes on the Southern State Parkway near North Amityville Friday.

Traffic nightmare on SSP

According to Port Washington's fire chief, two teens on a boat came across three men in Manhasset Bay after they capsized. The teens pulled them from the frigid waters to safety.

3 men rescued from Manhasset Bay

12 Jurors and one alternate were picked for Donald Trump's hush money trial. 

Jurors picked for Trump's trial

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A recent inflation report from the U.S. Labor Department showed prices rising faster than expected in March.

Average mortgage rate rises back above 7%

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Employees at a Volkswagen factory in Chattanooga, Tennessee, have voted overwhelmingly in favor of joining the United Auto Workers union, boosting its nationwide effort to organize nonunion factories.

Tennessee Volkswagen employees overwhelmingly vote to join United Auto Workers union

The "miners" who chisel bitcoins out of complex mathematics are taking a 50% pay cut — effectively reducing new production of the world's largest cryptocurrency, again.

Bitcoin's latest 'halving' has arrived. Here's what you need to know

Tesla is recalling nearly 4,000 of its 2024 Cybertrucks after it discovered that the accelerator pedal can become stuck, potentially causing the vehicle to accelerate unintentionally and increase the risk of a crash.

Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck

The U_S_ oil industry's top lobbying group says Biden administration rules restricting oil and gas leasing in 13 million acres of Alaska's petroleum reserve are "misguided."

Biden administration restricts oil and gas leasing in 13 million acres of Alaska's petroleum reserve

The Environmental Protection Agency is allowing the sale of gasoline containing a higher blend of ethanol for the third summer in a row.

The EPA is again allowing summer sales of higher ethanol gasoline blend, citing global conflicts

In a story published April 18, 2024, about a public lands rule, The Associated Press erroneously reported the home state of Rep. Raul Grijalva.

Correction: Biden-Public Lands story

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Aldi and other discounters' growth is being helped by a growing number of consumers in search of savings amid elevated grocery prices, retail experts said.

Bethpage, Lake Ronkonkoma, other LI spots to get an Aldi

New York filed a federal lawsuit against Citibank after scammers wiped out some customer accounts. NewsdayTV's Chris Kahn reports.

Bank transfer fraud spikes

According to bankruptcy court filings, Rite Aid plans to close 53 more drugstores, including four on Long Island.

Where closures are happening

Home insurance prices are going up this year, especially on LI. We could see an increase anywhere from 10% to 30%. Newsday's business reporter Jonathan LaMantia reports.

Home insurance prices are going up

The Target will occupy the former Sears in the Lake Success Shopping Center in New Hyde Park.

LI's newest Target to open in April

Raising Cane's would go on the site of the recently demolished Chateau Briand Caterers in Carle Place, making it one of four planned Long Island locations for the chain.

Fast-casual chicken chain plans Carle Place entrée

A dealer of vintage cars in Farmingdale is steering customers to the classics while adapting to the times.

Candy store for classic cars

Courses in artificial intelligence at Farmingdale State College will start in the fall, making the school the first in the SUNY system to offer a bachelor's degree in AI.

A 1st for SUNY: Bachelor's in AI coming to Farmingdale

"I was in shock," said Merrick resident John Patti about possibly losing access to longtime doctors. But on Tuesday, there was relief, as UnitedHealthcare and Mount Sinai reached a contract agreement.

Patients relieved

To prevent bitter buyers, a more than 20-year-old law is getting a refresh. The Property Condition Disclosure Act makes home sellers fill out an official form detailing any issues with the property. NewsdayTV's Ken Buffa reports.

'If I knew then what I know now there's no way I would buy this home' 

As Sam Ash Music Stores commemorates 100 years in business, the Hicksville-based chain announced it's closing nearly 20 shops, including one in Huntington Station.

20 Sam Ash Music stores closing, including one on LI

Wall Street employees saw their bonus pay drop 2% to $176,500, on average, as securities firms adopted "a more cautious approach to compensation", NewsdayTV Business reporter James T. Madore reports.

Bonus pay was $176,500 on average last year

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