OneMain Benefits from Rate Cut Hopes

New York Federal Reserve President John Williams comments on potential interest rate cuts sparked a surge in financial markets, with investors enthusiastic about the prospect of lower rates stimulating economic activity. Personal loan companies like Affirm and Sezzle, along with Euronet Worldwide and OneMain, saw their stock prices rise. OneMains shares, typically stable, jumped by three point eight percent, indicating investors positive outlook on the potential benefits of lower rates.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.