<p>The rate went up to 3.4% in May, up from 2.9% during&nbsp;the same month in 2023, according to data released by the state Labor Department.&nbsp;</p>


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Long Island's jobless rate rises for third straight month

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Long Island's unemployment rate rises again

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Robert Besedin Sr., a Baldwin Air Force veteran who claims Nassau cops assaulted him at his home in 2017, was awarded more than $2.3 million by a jury in Brooklyn Wednesday. NewsdayTV's Ken Buffa reports.

'The police did not tell the truth'

Suffolk police said a man suspected of killing a Brooklyn artist at a Southampton resort was found dead from a self-inflicted gunshot at his home in Pennsylvania.

Suspect found dead of self-inflicted gunshot wound

William Floyd school district officials discussed the implementation of metal detectors after a student was found with a loaded gun.

'Kindergarten to 12th grade is our number one priority'

Researchers predict it will be the sixth straight season of low scallop populations in Suffolk waterways. 

Many surveys showed no adult scallops 

A 33-year-old Brooklyn woman found in a guest room at Shou Sugi Ban House in Water Mill has been identified as Sabina Rosas. NewsdayTV's Jasmine Anderson reports.

'A victim of violence'

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A study by the Asian Development Bank shows that countries in Asia will suffer worse damage from the climate crisis than other regions and they are not spending enough to limit the damage and adapt to changing weather patterns and natural disasters.

Asia needs to spend much more to adapt to climate change and limit its damage, bank study says

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Reddit has turned a profit for the first time as a public company.

Reddit's explosive user growth and AI tools help it soar to its first profit as a public company

The retirement community in Port Washington owes more than $1 million in past-due bills for dining services to Sodexo as part of its third bankruptcy in 10 years, executives said.

Harborside residents will continue to receive meals under proposed settlement

Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence.

Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

Starbucks' new Chairman and CEO Brian Niccol wants customers to get their orders hand-delivered by a barista in four minutes or less, a goal that will be central as he tries to reinvigorate the company's sagging sales.

Starbucks CEO sets four-minute service goal as he tries to reinvigorate sagging sales

An ex-FTX executive who testified against the cryptocurrency firm's founder at his trial last year has been spared a prison sentence.

Ex-FTX executive spared prison sentence after cooperating against Sam Bankman-Fried

British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.'s cash-starved public services, as she announced a budget that could set the economic tone for years to come.

Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK

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About 200 residents are trying to save their homes amid the possibility of the Harborside retirement facility closing due to bankruptcy. 

Harborside retirement community residents could be without a home 

The median home sale price on Long Island — excluding the East End — rose to $700,000 for the first time among deals that closed during the July to September period, Newsday real estate reporter Jonathan LaMantia reports.

Record high median home price on Long Island 

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.

How to get the best deals on Prime Big Deal Days

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.

Dockworkers strike could reignite inflation and cause shortages of goods

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.

LI furniture stores feeling the pinch

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 

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

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Vet gets $2.3M in alleged assault by cops ... Penny trial latest ... Suspect in resort killing found dead ... Family wheely racing

Vet gets $2.3M in alleged assault by cops ... Suspect in resort killing found dead ... Family wheely racing

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