<p>LI homebuyers can expect to gain greater buying power as mortgage rates dropped to 6.2% this week. NewsdayTV&#39;s Drew Scott and Newsday business reporter Jonathan LaMantia report.</p>


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Average mortgage rate drops to lowest level since February 2023

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'More buying power to homebuyers'

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The Suffolk County police will auction off more than 100 cars this weekend. A vehicle preview will take place on Thursday and Friday in Westhampton.

Police: Bids start at $500

Nassau County Executive Bruce Blakeman provided a traffic and security update in advance of former President Donald Trump's rally at Nassau Coliseum Wednesday.

'Traffic will be incredibly heavy'

Investigators said they arrested Ryan Schroeder earlier this month after a search of his apartment revealed "a strong odor of human remains."

Grand jury indictment for man accused of hiding body in suitcase

According to sources Wednesday, entertainer Justin Timberlake is expected to plead guilty Friday to a lesser charge in his drunken driving case in Sag Harbor Justice Court. NewsdayTV's Ken Buffa reports.

Timberlake to plead guilty in Sag Harbor DWI case

Administrators of Half Hollow Hills High School West are accused of censorship and discrimination after erasing a pro-Palestinian piece of art. NewsdayTV's Virginia Huie reports. 

'I feel deeply offended'

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The median single-family home in Nassau sold for $835,000 last month, while the Suffolk median rose to $680,000.

LI home prices set fresh records in August

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Former President Donald Trump has repeated false claims that Chinese automakers are putting up large factories in Mexico.

Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factories

Instagram is introducing separate teen accounts for those under 18 as it tries to make the platform safer for children amid growing backlash against how social media affects young people's lives.

Instagram makes teen accounts private as pressure mounts on the app to protect children

Kroger and Albertsons have made their final argument in federal court in support of their proposed merger.

Kroger and Albertsons make a final pitch for their merger before a judge decides whether to block it

The Biden administration is letting Alaska Airlines buy Hawaiian Airlines.

The Biden administration is letting Alaska Airlines buy Hawaiian Air but with conditions

Donald Trump should have the opportunity starting Thursday to sell his shares in Trump Media & Technology Group, the company behind the Truth Social platform.

Trump will soon be able to sell shares in Truth Social's parent company. What's at stake?

Home prices on Long Island are continuing to climb

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Ethnic grocers, including stores that specialize in selling Asian, Latino and African goods, are a fast-growing business on Long Island. NewsdayTV's Drew Scott reports. 

'I used to have to drive all the way to Queens or Brooklyn'

LI homebuyers can expect to gain greater buying power as mortgage rates dropped to 6.2% this week. NewsdayTV's Drew Scott and Newsday business reporter Jonathan LaMantia report.

Home prices continue to rise on Long Island, giving potential buyers headaches and heartbreak. NewsdayTV's Jasmine Anderson reports.

'It's still a seller's market'

The state announced on Friday that about 1 million New Yorkers' monthly health insurrance premiums will go up next year by as much as 35%. NewsdayTV's Shari Einhorn reports.

'I don't want consumers to panic just yet'

Money brought in from local tourism shattered the previous year's record by one billion dollars. NewsdayTV's Shari Einhorn reports.

'People are spending money'

Danielle Edwards, of Merrick, has a full-time job as a mortgage processor, but says in the next five years she'd like to be able to transition completely over to her side hustle, the balloon business "Havin' a Blast."

Mortgage processor by day, balloon artist by night

Richard York of Patchogue Shoes, after nearly a century in business, is holding its going-out-of-business sale, to the shock and sadness of many. NewsdayTV's Virginia Huie reports.

'After 97 years, it's a shame that they're closing'

Newsday business reporter Tory Parrish talks about how more parents are thrift-shopping for back-to-school supplies.

'Trying to cut costs'

Small craft-alcohol manufacturers are cheering a new law that soon will allow them to ship spirits, cider and mead directly to New York State consumers, potentially boosting their profits by skipping the "middlemen" distributors.

Craft alcohol makers will soon be able to ship directly to customers

Three millennials who grew up in Montauk and now run or own their longtime family businesses spoke about how they've kept their businesses relevant and modern.

'We just need to keep it in our family'

Newsday's business reporter Jonathan LaMantia and NewsdayTV's Jill Wagner break down the new home sales data for July from OneKey MLS.

'Pretty big increase for one year'

<a href="https://www.newsday.com/video/newsdaytv-top-stories">Get more on these and other NewsdayTV stories</a>

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Sean 'Diddy' Combs indicted ... Can LI roads withstand more flooding? ... Legacy of 8-year-old's cancer fight ... Get the latest news and more great videos at NewsdayTV

Sean 'Diddy' Combs indicted ... Can LI roads withstand more flooding? ... Legacy of 8-year-old's cancer fight 

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