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	The median home price is&nbsp;at a record high and mortgage rates are the highest they&#39;ve been in 20 years.
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Faith Jessie speaks with Newsday's Jonathan LaMantia about rising home prices and climbing mortgage rates

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The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level since late August.

Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks

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The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after figures showed inflation across the bloc falling to its lowest level in more than three years and economic growth waning.

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Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices.

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Home prices on Long Island may have reached their peak in 2024. NewsdayTV's Ken Buffa discusses with business reporter Jonathan LaMantia.

September median home prices show a slight dip 

Median prices in Great Neck, Amityville and Franklin Square all increased at least 17% in the first half of 2024. NewsdayTV's Virginia Huie and Newsday business reporter Jonathan LaMantia have the story.

'Prices are crazy'

According to a report by state Comptroller Thomas P. DiNapoli, pretax profits of securities firms in New York City rose nearly 80% in the first half of this year compared with the same period in 2023.

Wall Street profits climb 80% in the first half of 2024 

Getting a head start on holiday shopping? RetailMeNot's Stephanie Carls talks about what Amazon has to offer on Oct. 8 and 9.

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Dockworkers began walking picket lines early Tuesday, at ports from Maine to Texas, including New York, in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks.

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The number of furniture retailers on Long Island are on the decline, particularly mom-and-pop shops, according to the U.S. Bureau of Labor Statistics. NewsdayTV's Virginia Huie reports.

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Amazon is set to go from two to nine warehouses on Long Island in response to online shopping, Newsday's James T. Madore reports.

Amazon opens more LI warehouses to meet increase sales

Kmart in Bridgehampton, the discount retailer's last full-size Kmart in the U.S., will close its doors next month after 25 years in operation.  

Kmart in Bridgehampton to close next month

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

Home prices on Long Island are continuing to climb

The Federal Reserve has cut interest rates for the first time in more than four years. Newsday's business reporter Jonathan LaMantia explains how this will affect Long Islanders. 

What Fed's decision to cut interest rates means for LIers 

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.

'More buying power to homebuyers'

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

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