An Hour Ago
Goldman’s Kaplan says no rate cut until at least September
Goldman Sachs vice chairman and former Dallas Fed President Robert Kaplan told CNBC on Monday that he does not see a rate cut this summer unless something “shocking” happens.
“I think September is the first month where a cut is a possibility, but I think the Fed would need to see at least a few more months of improvement in inflation. If they see it, September is possible,” Kaplan said on “Closing Bell.”
The central bank’s next policy decision is due out June 12.
— Jesse Pound
An Hour Ago
GameStop rises in extended trading after latest Reddit post
Shares of GameStop were up 3% in after-hours trading, building on a 21% gain during regular market hours.
The latest move came after another Reddit post that appeared to be from Keith Gill, aka Roaring Kitty. The post appeared to show that Gill still holds his GameStop shares and call options positions in the stock after Monday’s rally.
CNBC has not independently verified the Reddit post.
— Jesse Pound, Yun Li
An Hour Ago
Futures open little changed
The futures contracts for the Dow, S&P 500 and Nasdaq 100 were all up less than 0.1% when trading reopened on Monday evening.
— Jesse Pound
Source: Stock futures are flat after sluggish first trading day of June: Live updates
