ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
Remember when all those California restaurateurs warned of big job losses and price hikes if the state raised its minimum wage? |
AB 1228 went into effect in the Golden State on April 1, setting a $20 per hour minimum wage for those working at fast food restaurants with less than 60 locations nationwide and restaurants located inside airports, stadiums and convention centers. |
Now, James Powel reports, a new study from the University of California Berkeley finds that those feared consequences pretty much didn't happen. |
The Tropicana had a lengthy history, by Las Vegas standards. |
The hotel-casino debuted in 1957, Bailey Schulz reports. Nicknamed the "Tiffany of the Strip" for its grandeur, the resort made a name for itself through its entertainment offerings, with stages showcasing the long-lasting showgirl revue Folies Bergere and big-name jazz performers like Louis Armstrong. |
The property stood for nearly 70 years on the Strip. |
Lawsuit: Colleges overcharged divorced parents |
An antitrust lawsuit filed this week accuses some of America's wealthiest colleges and universities of overcharging students with divorced or separated parents. |
The federal class action that landed Monday in Illinois district court says 40 private colleges – including Harvard University, Yale University, the Massachusetts Institute of Technology and Stanford University – conspired to keep prices high for students with "noncustodial parents," Zachary Schermele reports. |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | A study from UC Berkely found that a law raising California's minimum wage for fast food workers did not cost the sector jobs. | | | | Around 2:30 a.m. Wednesday, more than 2,000 pounds of explosives sent the Tropicana's Paradise Tower and Club Tower tumbling in less than 30 seconds. | | | | A college student and a former college student accused some of America's wealthiest schools of violating antitrust law in the financial aid process. | | | | The consumer price index highlighted moderating inflation for a sixth straight month but it slowed less than expected | | | | Salary negotiation can be daunting. But with the right approach, you can increase your chances of securing the best possible compensation package. | | | | Amazon has announced it is expanding its pharmacy network, providing quicker delivery to more of the country. | | | | Lyft and Uber drivers are building a national movement to make rideshare jobs safer with better pay | | | | Sen. Elizabeth Warren, D-Mass., and Rep. Madeleine Dean, D-Pa., have asked Pepsi, Coke, General Mills for details about prices on shrinking products. | | | | The average workplace health insurance plan costs more than $25,000 amid rising prices and expensive weight-loss drugs such as Wegovy. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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