Global Business Week: Visualizing the Global Economy in 2050

U.S. stocks showed a slight recovery on Friday but ultimately ended the week with losses due to concerns about the Federal Reserve adopting a more hawkish stance, which affected investor confidence. The tech-heavy Nasdaq Composite managed to gain 0.1% on Friday, with Apple attempting to bounce back after a more than 6% decline over the past two days, partly driven by news about China’s ban on the use of iPhones in government agencies. Meanwhile, the S&P 500, a benchmark index, closed Friday’s session with a 0.1% increase, and the blue-chip Dow finished 0.2% higher. However, for the week, the Dow saw a decline of 0.8%, closing at 34,577, the S&P 500 was down by 1.3%, ending the week at 4,457, and the Nasdaq Composite experienced a 1.9% drop, concluding the week at 13,761. Recent surges in oil prices in response to extended production cuts by key oil-producing nations like Saudi Arabia and Russia, combined with puzzling labor market data, marked by a fourth consecutive week of declining initial jobless claims, have shifted attention to the upcoming consumer price index (CPI) report scheduled for next Wednesday. This report is expected to provide more insights into the Federal Reserve’s future monetary policy decisions. <a href="https://medium.com/technicity/global-business-week-visualizing-the-global-economy-in-2050-bc23121d8ba5">Click Here</a>