12 minutes ago
Goldman Sachs’ Kaplan says no interest rate cuts until at least September
Robert Kaplan, vice chairman of Goldman Sachs and former president of the Dallas Fed, told CNBC on Monday that he doesn’t expect a rate cut this summer unless something “shocking” happens.
“I think September is the first month that a rate cut is possible, but I think the Fed needs to see inflation improving for at least a few more months. If they see that, then September is a possibility,” Kaplan said on “Closing Bell.”
The central bank’s next policy decision is due to be announced on June 12.
Jesse Pound
36 minutes ago
GameStop rises in extended trading following latest Reddit post
GameStop shares rose 3% in after-hours trading, following a 21% rise during regular trading hours.
The latest move comes after another Reddit post apparently from Keith Gill, also known as Roaring Kitty, appeared to indicate that Gill still holds positions in GameStop shares and call options on the stock after Monday’s stock rally.
CNBC has not independently verified the Reddit post.
— Jesse Pound, Yun Lee
1 hour ago
Futures little changed
When trading resumed Monday night, futures contracts for the Dow, S&P 500 and Nasdaq 100 were all up less than 0.1%.
Jesse Pound
