* US looks set to further restrict tech exports to China after balloon incident
* Russia will cut oil output by 5% in response to West’s price cap
* UK economy stagnates in Q4
* China inflation edges higher as economy reopens
* Recession risk for US appears to be falling, analysts predict
* Will the rush into artificial intelligence be the next bubble on Wall Street?
* US Energy Dept. will loan $2 billion to battery recycling firm
* Yahoo reportedly will cut 20% of its staff this year
* US jobless claims remain low, but are rising again on a year-over-year basis:

US 2-year/10-year Treasury yield curve this week was briefly at deepest level of inversion since the 1980s. The negative spread is widely considered a sign that recession risk is elevated, although a robust labor market suggests otherwise. “The trend has been a flatter curve and more inversion since the Fed started tightening,” says Gregory Faranello, head of US rates trading and strategy for AmeriVet Securities. “There’s nothing, when looking at the charts, that says we can’t go further with the inversion.”