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Minimum wage increases take effect in 20 states
New York -- The minimum wage rose in 20 U.S. states and in the District of Columbia on Jan. 1.
The increase brings the total number of states with a minimum wage above the federal wage floor to 29, according to the New York Times. The federal minimum wage is $7.25 an hour.
Nine states are increasing their minimum wage levels through automatic adjustments for cost-of-living expenses and other economic factors. Increases in the other states occurred through legislative or ballot changes.
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Verizon: January starts strong in online shopping
New York -- Closing out the 2014 holiday shopping season, Internet retail traffic soared to new heights during the first weekend in January, according to Verizon Enterprise Solutions’ Retail Index.
The Index measures average daily traffic and peak volumes, with both variables used an index with a baseline value of 100. The Index was 130 on Friday (Jan. 2), 134 on Saturday (Jan. 3) and 137 points on Sunday (Jan 4).
