The Daily Money: Minimum wage hikes set for 20 states as $15 gains steam

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Thursday, December 31 Hey there, Daily Money readers! It's Josh again with today's newsletter. Capping off the year in money news, 20 states and 32 cities and counties – including many in California – are set to raise their minimum wages on or about New Year's Day, according to a report provided exclusively to USA TODAY by the National Employment Law Project (NELP), a worker advocacy group. Our own Paul Davidson has all the details. In related job news, the number of Americans seeking unemployment benefits fell by 19,000 but remain elevated at 787,000 as a resurgent coronavirus grips the U.S. economy. And before you go, there are two product recalls you should be aware of: • Target recalls 480,000 infants' rompers, swimsuits over choking, pinching concerns • FDA recalls Sportmix pet food after 28 deaths and 8 illnesses in dogs (If you're trying to get some shopping done on New Year's Day, here's a list of operation hours of the major retailers.) — Josh Rivera, Money & Tech editor Retirees' investing advice for their younger selves Following these tips from your elders could make saving for retirement much easier. 3 solid stocks for a winning retirement portfolio Need food for New Year's Eve? When stores are open Krispy Kreme deal: Get 2 dozens for $12 through Sunday Minimum wage hikes set for 20 states as $15 gains steam Your money: 5 big surprise trends in 2020 Pet food recalled after 28 dogs died COVID-19 stock scams on the uptick, threaten investors Stocks waver on final trading day of 2021 Jobless claims fall to 787,000, down 19,000   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102