Chinese President Xi Jinping and Russian President Vladimir Putin spoke Wednesday amid rising international concern over tensions on the Russia-Ukraine border.
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- China’s consumers spent $73.6 billion on luxury goods at home last year, up 36% from 2020
- Stock futures are flat following S&P 500’s worst week since March 2020
- Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says