Stocks Rally on Hopes of 2023 Fed Rate Cuts While Gold Glitters; Gene Sequencer Divests Firm, Chinese AI Co-Founder Passes
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U.S. stock futures edge higher, extending a Christmas rally fueled by hopes of Fed interest rate cuts in 2023.
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Gold prices shine, rising over 20% this year, as investors bet on Fed rate cuts as early as March 2023.
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Gene sequencing firm Illumina to divest cancer-screening company Grail to appease antitrust regulators in the U.S. and Europe.
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Shares of Chinese AI firm SenseTime slip after it announces death of co-founder Tang Xiao’ou at age 55.
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Oil prices volatile as traders weigh Russia's export cuts and attacks on ships near Suez Canal against weak European data and lower 2024 price forecast from Goldman Sachs.