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russia ukraine frozen conflict

Russia’s war heads for a deep freeze. Putin attends a meeting with the head of the Republic of Ingushetia at the Kremlin in Moscow
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Russia’s war heads for a deep freeze

Who will win the war in Ukraine? The likeliest outcome is that no one will win, and no peace deal can be struck. That’s very bad news for Ukraine, Russia, and everyone else.

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Inside the holiday spending outlook

From shopping to services, consumer spending is showing strength across categories. Holiday shopping got an early start, and it’s not just higher earners filling their carts. Bank of America Institute sees continued spending growth recovery for lower- and middle-income households. See what’s driving the trends.