S&P 500   3,852.36
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ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
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Microsoft’s Comeback Is Now Underway
Can Amazon Recover Amid Tech Stock Sell-off?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Why Lucid Spiked Nearly 100% In One Day
Is This The End of Capitalism? (Ad)
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Ride These Railroad Stocks for Growth and Income
Is This The End of Capitalism? (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Can Amazon Recover Amid Tech Stock Sell-off?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Why Lucid Spiked Nearly 100% In One Day
Is This The End of Capitalism? (Ad)
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Ride These Railroad Stocks for Growth and Income
Is This The End of Capitalism? (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Can Amazon Recover Amid Tech Stock Sell-off?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Why Lucid Spiked Nearly 100% In One Day
Is This The End of Capitalism? (Ad)
WSC Sports Was Built on a Love for Sports. It Changed The Entire Game.
Ride These Railroad Stocks for Growth and Income
Is This The End of Capitalism? (Ad)
EVs, Robotics Among Growth Drivers As Chipmaker STMicro Gaps Up
ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
The Next Big Crisis Is Here (Ad)
Microsoft’s Comeback Is Now Underway
Can Amazon Recover Amid Tech Stock Sell-off?

Russian GDP to contract 3% says central bank head

MOSCOW (AP) — The head of Russia's Central Bank said Friday that the country's economy will contract by about 3% this year, a sharp turnaround from its growth in 2021, the year before sanctions and company pullouts in the wake of the conflict in Ukraine.

Central Bank governor Elvira Nabiullina said following a bank board meeting that inflationary pressure remains elevated, citing “worsening trade conditions” as one factor. She said annualized inflation as of December was 12.7%.

Russia’s gross domestic product rose by about 4.8% last year.

A wide array of foreign companies pulled out of Russia or scaled down their activities in the country after Russia sent troops into Ukraine in late February.

The European Union imposed a price cap this month on Russian oil, one of the country's key exports.

Nabiullina said the effect of the price cap would be analyzed more thoroughly at the bank's February meeting.

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