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The Guardian // Business // Economics

Wall Street jumps after US Fed’s Powell signals possible rate cut – business live

Friday 22nd August 2025, 2:33PM

Chair of the Federal Reserve says US economy is facing ‘challenging situation’ as inflation risks persist and job market coolsUnions are raising concerns about the threat of TikTok layoffs, warning it would put millions of British TikTok users at risk.John Chadfield of the Communication Workers Union (CWU) said:TikTok workers have long been sounding the alarm over the real-world costs of cutting human moderation teams in favour of hastily developed, immature AI alternatives.This has been a constant concern throughout the process of TikTok workers’ effort to form a union. Continue reading...

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