Yellen: US growth needs public, private investments, China subsidies excessive

U.S. Treasury Secretary Janet Yellen said on Thursday that U.S. public investments that attract private capital are crucial to promote sustainable and inclusive growth over the long term, but warned that China’s model of massive state industrial subsidies were unacceptable to the world. Yellen said in prepared remarks to the Economic Club of New York […]

Nvidia is ‘in a league of its own,’ BTIG says

Nvidia (NASDAQ:NVDA) stock is in “a league of its own,” BTIG analysts said in a note released Sunday. The chipmaker’s shares have recently traded approximately 100% above its 200-day moving average (DMA). According to BTIG, this is unprecedented, as the widest spread any U.S. company has ever traded above its 200 DMA while holding the […]

French election worries rekindle market memories of UK budget rout

As the far right and leftist parties gain momentum ahead of France’s surprise parliamentary election, investors are starting to contemplate the risk of a budget crisis at the heart of the euro zone. Marine Le Pen’s far-right National Rally party (RN) is leading in opinion polls ahead of the ballot called by President Emmanuel Macron […]