Reported about 10 hours ago
Federal Reserve Chairman Jerome Powell announced a cut in interest rates, with more reductions expected in the coming months. This move is aimed at stimulating the economy amid mixed economic signals. Three stocks that stand to benefit from lower interest rates are Visa, a leading credit card company, SoFi Technologies, a fast-growing neobank, and Carnival, a major cruise operator despite its high debt levels. Each of these companies is positioned to thrive as consumer spending increases and economic conditions improve.
Source: YAHOO