Rate Cut Hopes Boost PayPal, Sallie Mae Stocks

New York Federal Reserve President John Williams comments on potential interest rate cuts sent shockwaves through financial markets, with stocks like PayPal and Sallie Mae experiencing significant jumps. PayPals shares, which have been volatile, saw a four point four percent increase, suggesting investors view rate cuts as a positive sign. However, PayPals stock is still down thirty percent since the start of the year, trading at sixty dollars and sixty-five cents per share.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.