In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
Stocks in Asia traded lower on Monday morning, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
Vermont Gov. Peter Shumlin signed a bill raising his state's minimum wage incrementally over the next four years, with an ultimate goal of $10.50 per hour by 2018, higher than any other U.S. state.
The Green Mountain State already boasted one of the highest state minimum hourly wages at $8.73, and now a bipartisan effort in the state legislature has cemented even higher levels above the federally mandated $7.25 per hour, the Burlington Free Press reports.
"These are foolish numbers," restaurant co-owner Randy George told the Free Press. "To grow as a business, you can't do that by exploiting your own people." He challenged his business colleagues across the state to pay above the minimum wage.
Since 2007, Vermont has had a minimum wage annual increase plan based on a consumer price index, according to the Free Press, and this will resume again in 2018 after the $10.50 target is hit.
Opponents of the law, including the Vermont chapter of the National Federation of Independent Business, argued that the faster wage increases will "put a strain on small businesses and impede economic growth," the Free Press reported.
The passage of this bill may not signal the end of employee compensation battles in Vermont. Committees in the state House discussed forcing employers to offer seven days of paid leave, but the proposal died before reaching the Senate. The Free Press quoted Vermont's House general chairwoman predicting that "paid sick leave is very much alive."