MoneyWatch

3M, maker of Post-it notes, industrial coatings and ceramics, is cutting about 2,500 manufacturing jobs, or 10% of its workforce worldwide, according to Forbes. The company announced last month that it will exit per- and polyfluoroalkyl substance manufacturing by the end of 2025. The so-called forever chemicals are used in …

Wall Street rallied on Friday amid hopes that inflation will recede and the Federal Reserve may ease up on its interest rate hikes, following a positive hiring report and mixed data on the U.S. economy. The S&P 500 closed 2.3% higher after a shaky start — marking its first winning …

The Federal Trade Commission is proposing a new rule that would prevent employers from imposing noncompete clauses for workers. These types of arrangements, long criticized by progressives and some free-market proponents, typically keep a workers from joining a competitor for some period of time after they leave the company. President …

Despite the looming risk of a recession, not all jobs are vulnerable to a possible downturn, according to a new report from Payscale. Although technology industry layoffs have surged this year, for example, jobs in business services, health care, food services, and recreation and entertainment are likely to grow in 2023, …

After a majority of respondents to one of Elon Musk’s polls concluded that the Twitter CEO should step down and let someone else run the company, Musk said he plans to change the rules of who can vote. Musk, whose affinity for Twitter polls is perhaps second only to his …

After a year of crushing price hikes, economic signals suggest U.S. inflation is finally — although slowly — cooling. Yet while experts say the worst is behind us, the improvement may feel marginal for millions of Americans, and the road to normality is likely to be long. When the government …

Americans are fascinated with getting the most out of Social Security, but many retirees are making a strategic mistake that can cost them tens of thousands of dollars in lifetime benefits, according to new research from economists at Boston University and the Federal Reserve Bank of Atlanta.  The analysis examines the …

One of the most famous movie homes is hitting the market: the 1895 clapboard home featured in “A Christmas Story” — complete with the “major award” of a glowing leg lamp in the front window. The seller isn’t disclosing the asking price, according to the real estate company handling the …

Netflix is set to launch its advertising-supported streaming plan on Thursday.  At $7 a month, the new subscription tier costs less than half of Netflix’s most basic plan and will include 4 to 5 minutes of ads per hour, the company said. But the plan comes with some limitations. Viewers …

General Motors said Wednesday that it has secured all of the renewable energy it needs to power all of its U.S. facilities by 2025, 25 years ahead of earlier projections. The Detroit automaker, which initially targeted the year 2050 to achieve its all-renewables goal, said it secured sourcing agreements from …