Visa, the largest credit card company globally, stands to benefit from increased spending. SoFi, a young banking player, focuses on lending and is working to establish strong credit metrics. Carnival’s business is thriving, but high debt weighs it down. Federal Reserve Chairman Jerome Powell cut interest rates, signaling two more cuts to come. Visa profits from higher spending, providing infrastructure for money movement. SoFi, a neobank, benefits from lower rates, improving its lending segment and financial services. Carnival sees high demand for cruises but struggles with massive debt. Lower rates should boost earnings for Visa, SoFi, and Carnival.

Read more at Yahoo Finance: Federal Reserve Chairman Jerome Powell Just Cut Interest Rates. 3 Top Stocks to Buy Now.