37 minutes 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 doesn’t anticipate a rate cut this summer unless something “shocking” happens.
“I think September is the first month where a decline is possible, but I think the Fed would need to see at least a few more months of improving inflation. If they see that, September is possible,” said Kaplan during the closing. Bell.”
The central bank’s next policy decision is expected on June 12.
—Jesse Book
An hour ago
GameStop Rises in Extended Trading After Latest Reddit Post
GameStop shares rose 3% after hours, building on a 21% gain during regular market hours.
The latest move came after another post on Reddit that appeared to come from Keith Gill, aka Roaring Kitty. The post appears to show that Gill still holds his GameStop shares and call options positions on the stock following Monday’s rally.
CNBC has not independently verified the Reddit post.
—Jesse Pound, Yun Li
An hour ago
Futures opening little changed
Futures for the Dow, S&P 500 and Nasdaq 100 were all up less than 0.1% when trading reopened Monday evening.
—Jesse Book
News Source : www.cnbc.com
Gn bussni
