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☆ Snap threw shade at Apple and Meta's bulky headsets, but its new Spectacles are cartoonish
▼ + stars: | 2024-09-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

At the end of Tuesday's Snap Partner Summit keynote, CEO Evan Spiegel introduced a major upgrade to the company's augmented reality glasses. AdvertisementHe added, "AR glasses have see-through lenses. SnapAlthough Spiegel threw shade at headset rivals, Snap will have a lot to prove in the smart glasses space. The glasses Snap unveiled are cordless, unlike the Vision Pro headset. The Quest 3 completely covers the eyes, but Spiegel said Spectacles have see-through lenses that become tinted in sunlight.

Persons: —, Evan Spiegel, you've, Spiegel, Snap, Leo Gebbie Organizations: Service, Business, Meta, Reality Labs, CCS Insight, CNBC, Vision, VR

☆ Trump says he will meet with Indian Prime Minister Narendra Modi next week
▼ + stars: | 2024-09-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

India's Prime Minister Narendra Modi shakes hands with former U.S. President Donald Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. Republican nominee Donald Trump said Tuesday that he will meet Indian Prime Minister Narendra Modi next week. I mean, fantastic, man," Trump said at at town hall in Flint, Michigan. As president, Trump visited India in 2020, vowing to boost trade ties between the two countries. The Indian prime minister is also slated to attend and speak before the United Nations General Assembly in New York.

Persons: Narendra Modi, Donald Trump, Trump, Modi, Joe Biden Organizations: India's, U.S, Republican, Indian, Indian Embassy, CNBC, United Nations General Assembly Locations: Hyderabad, New Delhi, India, Flint , Michigan, Washington, U.S, China, Wilmington , Delaware, New York

☆ Stocks making the biggest moves midday: Intuitive Machines, U.S. Steel, Victoria's Secret and more
▼ + stars: | 2024-09-18 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Intuitive Machines — Shares soared 51% after the space exploration company secured a roughly $5 billion space network contract from NASA. The move is likely intended to push a decision on the politically controversial takeover past the presidential election in November. Victoria's Secret — The intimate apparel maker gained 5% after Barclays upgraded shares to equal weight from underweight, citing a more balanced risk/reward backdrop. The investment firm said VF Corp should start to see benefits from last year's CEO change this fall. Casella Waste Systems — The recycling company fell 5% after announcing a $400 million public offering of its Class A common stock.

Persons: Steward, McGrath RentCorp —, McGrath, Eli Lilly's GLP, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Jesse Pound, Pia Singh Organizations: NASA, United States Steel, Nippon Steel, Barclays, Medical Properties, Medical Properties Trust, WillScot Holdings, Wolfe Research, Casella Waste Systems Locations: U.S

☆ These are the stocks that do best immediately after the first Fed rate cut of a cycle
▼ + stars: | 2024-09-18 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

The Federal Reserve is expected to make its first rate cut in just a few short hours, so CNBC Pro took a look at what stocks historically do best immediately after the start of an easing cycle. CNBC Pro searched for the stocks set to gain the most following a Fed rate cut, using data from prior easing cycles going back to 1984. Historically, Apple is up about 16% on a median basis three months after an initial cut from the Fed. Technology names tended to do well immediately after a Fed rate cut, with digital storage company Western Digital the top-performing stock, and semiconductor equipment company Lam Research the second-best performing one. Three months after a Fed rate cut, Western Digital gained more than 26% on a median basis, while Lam Research advanced more than 22%.

Persons: — Organizations: Federal, CNBC Pro, Dow Jones, Apple, Western Digital, Lam Research, Kroger

☆ Charts suggest traders should wait before they keep chasing utilities — the hottest trade of the year
▼ + stars: | 2024-09-18 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +5 min

Traders instantly react to the data (sometimes wildly so), especially when the actual numbers are distinctly different than estimates. Thus, historically, XLU has been correlated with the direction of treasury bonds (which move in the opposite direction of bond yields). Here's a chart with XLU and the TLT 20+ Year Treasury Bond ETF, which we're using since it's the most widely traded treasury bond ETF. From 2022 through 2023, XLU and TLT moved in the same direction more often than not. Another reason is simply that investors are aggressively seeking yield producing instruments, with the understanding that bond yields were destined to fall.

Persons: XLU, That's, TLT, We're Organizations: Federal Reserve, PPI, Utilities, Treasury Bond ETF, Bollinger, CNBC, NBC UNIVERSAL Locations: XLU

Read previewOn Monday, Amazon mandated corporate workers return to the office five days a week beginning January 2nd. AdvertisementHere's a list, in alphabetical order, of major companies requiring employees to return to offices. BlackRockLast year, BlackRock mandated employees return to the office four days a week. MetaMeta updated its remote work policies in September 2023, requiring employees to head into the office three days a week. AdvertisementWalmartAlong with slashing hundreds of jobs, Walmart also asked previously remote employees in the US to move to offices.

Persons: —, Goldman Sachs, Andy Jassy, We've, Jassy, Insider's Ashley Stewart, It's, Apple's, Tim Cook, Rob Goldstein, Caroline Heller, Chipotle, Bob Iger, Iger, signees, David Solomon, Fortune, Fiona Cicconi, Arvind Krishna, Jamie Dimon, Redfin, Glenn Kelman, Salesforce Salesforce, Marc Benioff, Howard Schultz, Schultz, Tesla, Elon Musk, nodded, Musk, X, Yao Yue, Yue, Dara Khosrowshahi Organizations: Service, JPMorgan, Business, Amazon, Apple, BlackRock, Hudson, Bloomberg, Citigroup Citigroup, HSBC Holding Plc, Barclays, Citigroup, Reuters, Disney, The Washington Post, CNBC, Google, San Francisco Bay Area, IBM IBM, IBM, Meta Meta, Frisco, San Francisco Standard, Engineers, Starbucks, Elon, Twitter, National Labor Relations, Walmart, Street Journal Locations: Seattle, New York City, San Francisco Bay, San Francisco, Dallas , Atlanta, Toronto, Arkansas, New Jersey

Hezbollah fighters at the funeral of a commander in August, in the southern suburbs of Beirut, Lebanon. By 2000, Israel had withdrawn from Lebanon, making Hezbollah a hero to many Lebanese. In that war, Israel rained bombs on southern Lebanon and Beirut, the capital; the fighting killed more than 1,000 Lebanese. Even some of Hezbollah’s traditionally loyal Shiite Muslim constituents in southern Lebanon are questioning the price of the current fighting. Estimates vary about just how many missiles Hezbollah has and just how sophisticated its systems are.

Persons: Israel hasn’t, Israel, Hassan Nasrallah, Nasrallah, Diego Ibarra Sánchez, Bashar al, Assad, Euan Ward Organizations: Hezbollah, Hamas, Palestine Liberation Organization, Credit, The New York Times, Central Intelligence Locations: Beirut, Lebanon, Gaza, Israel, Iran, Lebanese, United States, Syria

☆ AMD CEO talks competition with Nvidia: 'there’s no one size fits all in computing'
▼ + stars: | 2024-09-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

When CNBC's Jim Cramer asked AMD CEO Lisa Su about competition with artificial intelligence powerhouse Nvidia , she said there was room for more than one major player in the red-hot semiconductor industry. "The way to think about it is, there's no one size fits all in computing," she said. Both AMD and Nvidia design semiconductor chips essential for the new generative AI technology everyone in the enterprise is clamoring for. To Su, the "technology ecosystem" works well when there's competition and partnership, saying there should be areas where rivals work together and where they compete. Su also discussed the future of AI, saying the world is just beginning to recognize what AI can do.

Persons: Jim Cramer, Lisa Su, Su, It's Organizations: Nvidia, AMD, Intel, Big Tech

☆ Judges keep failing to disclose their trips and gifts. Don't expect it to stop anytime soon.
▼ + stars: | 2024-09-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

"Federal judges are gods, and they can get away with anything," Rahmani said. More than 30 conservative federal justices, members of Scalia's family, and several fellow members of the conservative Federalist Society also attended, ProPublica reported. Earlier this summer, President Joe Biden called on Congress to implement term limits and an enforceable code of ethics for Supreme Court justices. AdvertisementThe nine Supreme Court justices did agree to a code of conduct last year, modeling their new guidelines after the rules that govern federal judges. California Rep. Adam Schiff introduced a bill earlier this year that would expand penalties for federal judges who violate ethics rules.

Persons: —, Aileen Cannon, ProPublica, Cannon, Judge Cannon, America's, Clarence Thomas, Harlan Crow, Samuel Alito, Rahmani, Antonin Scalia, Impeaching, Scott Lemieux, John J, SCOTUS, Joe Biden, Rahamni, Adam Schiff, Lemieux Organizations: Service, Trump, Business, Southern, Southern District of, Supreme, Law and Economics, George Mason University, Federalist Society, University of Washington, Los Angeles litigator Locations: Southern District, Southern District of Florida, Bali, Los Angeles, California

☆ Food packaging chemicals are seeping into human bodies — here's what that means for your health
▼ + stars: | 2024-09-18 | by ( ) www.businessinsider.com time to read: +1 min

There's new evidence that chemicals can migrate to human bodies via material like plastic containers. It's not clear what the health risks may be, but at least a few of the chemicals are known hazards. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNew research suggests you're being exposed to thousands of chemicals, including hazardous substances, that can leach into the human body through food- and beverage-related material like plastic bottles and takeout containers.

Persons: — Organizations: Service, Business

☆ Hedge fund titan Steve Cohen is no longer trading stocks. Here's why it's an important milestone for the $4 trillion industry.
▼ + stars: | 2024-09-18 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

The news from Bloomberg that billionaire Point72 founder and legendary stockpicker Steve Cohen will no longer trade his book for the $35 billion fund Tuesday is paradoxically both shocking and expected. Of the big multi-strategy managers, the fact Cohen was still managing a book set him apart from his main competitors. Will there be another Steve Cohen? Cohen launched SAC with $20 million in 1992; new funds today need exponentially more to justify leaving seats at funds like Point72. Fictional hedge fund manager Bobby Axelrod, played by Damian Lewis, was loosely based on Steve Cohen.

Persons: —, Steve Cohen, Cohen, they've, — Cohen, He's, Point72, Ken Griffin, Izzy Englander, Dmitry Balyasny, Steve, he's, it's, Bobby Axelrod, Damian Lewis, Vincent D'Onofrio, Guy Fieri Organizations: Service, SAC Capital, Bloomberg, Business, SAC, MLB, New York Mets, Citadel, Academy, Tiger Cubs, Viking, Wall Street, Showtime, GameStop, Food Locations: Connecticut

☆ What we learned so far from the Titan submersible OceanGate hearing
▼ + stars: | 2024-09-18 | by ( Erica Star Domena | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

The Coast Guard Marine Board of Investigation hearing on the Titan submersible implosion revealed new information on the tragedy. Here's what we know. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Organizations: Coast Guard Marine Board, Business

☆ UN members vote to demand Israel end occupation of Palestinian territories within 12 months
▼ + stars: | 2024-09-18 | by ( Christian Edwards | ) edition.cnn.com time to read: +3 min

CNN —United Nations members voted overwhelmingly on Wednesday to demand that Israel end its occupation of Palestinian territories within 12 months. Fourteen countries voted against, including the United States, Hungary, Israel, Argentina, Czechia, Fiji, Malawi, Micronesia, Nauru, Palau, Papua New Guinea, Paraguay, Tonga, and Tuvalu. In its advisory opinion, the ICJ said Israel should end its occupation “as rapidly as possible.” The UN’s resolution gives a 12-month timeline. During the 1967 war, Israel captured the West Bank, East Jerusalem, the Gaza Strip and the Golan heights from neighboring Arab states. The Palestinians want the West Bank and Gaza for a future state, with East Jerusalem as its capital.

Persons: Riyad Mansour, Danny Danon, Benjamin Netanyahu, Mahmoud Abbas, ” Louis Charbonneau, Israel, ”, Agnes Callamard Organizations: CNN — United Nations, UN, International Court of Justice, West Bank, Assembly, Palestinian, Human Rights Watch, HRW, Amnesty International Locations: Israel, United States, Hungary, Argentina, Czechia, Fiji, Malawi, Micronesia, Nauru, Palau, Papua New Guinea, Paraguay, Tonga, Tuvalu, East Jerusalem, Palestinian, Palestine, New York, UN, Gaza, Jerusalem

☆ An aggressive Fed move is unlikely to spur a surprise Bank of England rate cut
▼ + stars: | 2024-09-18 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Commuters outside the Bank of England (BOE) in the City of London, UK, on Monday, Sept. 16, 2024. The central bank's Monetary Policy Committee's interest rate decision is scheduled for release on Sept. 19. Either way, this would be Fed's first rate cut in the current cycle. Meanwhile, money market pricing for a BOE cut at Thursday's September meeting dipped from 35% late Tuesday to 26% Wednesday morning, still slightly higher than it was last week. The move came after U.K. inflation came in at 2.2% for August, steady on July and in-line with expectations — thus backing the need for a little more caution in Threadneedle Street.

Persons: BOE, —, Sanjay Raja, Raja, George Lazarias, Mazars, they're, Lazarias Organizations: Bank of England, City of, Bloomberg, Getty, Federal Reserve, CNBC, Deutsche Bank, Monetary, MPC Locations: City, City of London, China

☆ I stayed in a $290-a-night glamping tent off the coast of Singapore to put the 'slow living' lifestyle to the test
▼ + stars: | 2024-09-18 | by ( Erin Liam | ) www.businessinsider.com time to read: +8 min

But on a three-day trip to Lazarus Island, a small island five miles from Singapore, I was forced to slow down. During the pandemic, they chanced upon a government initiative to promote sustainable tourism on Lazarus Island. Lee and Wong ended up winning a three-year tender to open Into the Woods on Lazarus Island in March 2023. With nowhere to eat on the island, guests can cook their own meals or pack food. Erin Liam/ Business InsiderWhen I returned from my trip, the cofounders told me they could not build en-suite toilets due to cost and time constraints.

Persons: —, Ray Lee, Sam Wong, Lee, Wong, they've, Erin Liam, Mike Harlow, Scott Dunn, we're, Glamping, Hilton, Lazarus Organizations: Service, Business, AutoCamp, Hyatt Locations: Lazarus, Singapore, Australia

☆ Can Instagram's new 'Teen Accounts' help improve youth mental health? Experts weigh in
▼ + stars: | 2024-09-18 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

The feature, called Teen Accounts, is meant to address the harm social media can do to young peoples' mental health. This is a good first step, says Dr. Shannon Bennett, associate director of the center for youth mental health at NewYork-Presbyterian. "The opportunity cost while using social media is sleep or in-person socialization," she says. Experts agree the new features might net positive changes, but say its really too early to tell. In his best-selling book "The Anxious Generation" NYU social psychologist Johnathan Haidt also cited social media and smartphones as a major cause of youth loneliness.

Persons: Instagram, Dr, Shannon Bennett, Facebook, Vivek Murthy, Murthy, Johnathan Haidt, Haidt Organizations: NYU, The Locations: NewYork, defensiveness

☆ Trump Media stock closes at new post-merger low, on eve of 'lockup' expiration
▼ + stars: | 2024-09-18 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Shares of Trump Media closed Wednesday at a new post-merger low, on the eve of the expiration of "lockup" restrictions that have barred the Truth Social owners' insiders, like majority shareholder Donald Trump, from selling their stakes. Trump Media stock fell 3.22% on relatively light trading, to close at $15.62 a share. Trump Media made its market debut on the Nasdaq in late March, after a merger with a special purpose acquisition company. For Trump Media, the lockup period expires on Thursday. ARC Global currently holds a %4.77 stake in Trump Media, which it would likely be free to sell once the lockup expires Thursday.

Persons: Donald Trump, Trump Organizations: Trump National Golf Club, Trump Media, Nasdaq, Republican, Forbes, ARC, ARC Global, attempt.Trump Media Locations: Rancho Palos Verdes , California, Delaware

☆ Vilnius is cheap, safe, and fun — no wonder it's the world's happiness capital for Gen Z
▼ + stars: | 2024-09-18 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +8 min

Joshua Nelken-Zitser/Business InsiderThe city's 90-or-so lakes, ideal for kayaking, and some of the largest forests in the country are also nearby. Joshua Nelken-Zitser/Business InsiderAccording to an affordability index by the personal finance website Finasvalp, Vilnius is the fourth most affordable capital in Europe. Joshua Nelken-Zitser/Business InsiderShe also said she appreciates how inexpensive and convenient it is to travel from Vilnius. Joshua Nelken-Zitser/Business InsiderOutside a food hall beside the Baltasis Tiltas, or White Bridge, 22-year-old Goda Ponomariovaitė looks for a place to sit. Joshua Nelken-Zitser/Business InsiderAccording to Ponomariovaitė, Vilnius has plenty of free or affordable hangout spots.

Persons: —, Valdas Benkuskas, Angel Villalba, Ignas, Kazlauskas, Ignas Kazlauskas, Joshua Nelken, Pranculis, Elizabeth Avgusta, Adriana Doroškevičiūtė, Avgusta, Doroškevičiūtė, It's, Ponomariovaitė Organizations: Service, Business, Getty, Gallup, US, Eurostat, Finasvalp, Michelin Locations: Lithuania, Vilnius, Baltic, Small, Lithuania's, Denver, London, Newcastle, Ukraine, Belarus, Berlin, Europe, Indonesia, LA's Venice, Ponomariovaitė, Amsterdam

☆ Even with a big rate cut, Big Tech will be cautious about another hiring spree
▼ + stars: | 2024-09-18 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A fed rate cut will boost hiring in Big Tech, but firms will be cautious, HR experts told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe jumbo-sized Federal Reserve interest rate cut Wednesday is bound to impact everything from home prices to new-car loans to hiring in the hard-hit tech sector. But while the cut — the first in four years, and by a whopping 50 basis points — is likely to boost hiring, experts told Business Insider that Big Tech companies will likely be cautious. This story is available exclusively to Business Insider subscribers.

Persons: —, Adam Stafford Organizations: Big, Service, Big Tech, Business Locations: Big Tech

☆ YouTube announces AI features from Google DeepMind for Shorts creators
▼ + stars: | 2024-09-18 | by ( Zach Vallese | ) www.cnbc.com time to read: +2 min

YouTube on Wednesday announced artificial-intelligence features for creators on its Shorts platform that tap into Google 's DeepMind video-generation model. YouTube CEO Neal Mohan said he hopes Veo will enable creators to produce more Shorts videos with the help of AI. The Veo AI backgrounds are an upgrade over a similar AI-generation feature announced by YouTube in 2023 called Dream Screen. The company said its Veo AI background feature will roll out later this year while the six-second AI clips will become available in 2025. However, some creators expressed concerns that their videos on YouTube are used to train the AI models that built Veo.

Persons: Neal Mohan, Veo, Mohan, Thomas Simons Organizations: YouTube, Wednesday, Google, Facebook, Netflix, Disney Locations: New York

☆ Alaska Airlines completes acquisition of Hawaiian
▼ + stars: | 2024-09-18 | by ( ) edition.cnn.com time to read: +2 min

Alaska Airlines said on Wednesday it had completed its $1.9 billion acquisition of Hawaiian Airlines after reaching an agreement with the U.S. Department of Transportation. The airlines on Tuesday agreed to maintain key Hawaiian routes and adopt consumer protections under an agreement that will last six years. The Justice Department in August chose not to block the deal that was announced in December by Alaska, the fifth-largest domestic U.S. airline, to merge with Hawaiian, the 10th-largest carrier. Alaska CEO Ben Minicucci said in an interview that the deal would be good for competition and consumers and would expand access for consumers to both networks and give Alaska access to Hawaiian’s fleet of wide-body airplanes. Hawaiian Airlines’ stock will be de-listed and will cease trading on the Nasdaq on Wednesday, Alaska said in a statement.

Persons: Ben Minicucci, It’s, ” Minicucci, “, Joe Biden Organizations: Alaska Airlines, Hawaiian Airlines, U.S . Department of Transportation, Justice Department, U.S, Department, JetBlue Airways, Spirit Airlines, American, JetBlue, Alliance, The Transportation Department, Nasdaq, New York Stock Exchange Locations: Alaska, U.S, New York City, Boston, United States, Honolulu

☆ I visited Waiheke Island, the 'Hamptons of New Zealand,' where Taylor Swift has vacationed and the ultra-rich reside. Take a look around.
▼ + stars: | 2024-09-18 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Waiheke Island, off the coast of Auckland, New Zealand, is a vacation spot for the rich and famous. Go to newsletter preferences Thanks for signing up! AdvertisementWaiheke Island, off the coast of Auckland, New Zealand, is known to attract a wealthy crowd. In 2017, Vogue journalist Amy Louise Bailey coined Waiheke Island, the "Hamptons of New Zealand," and called it an "escape that is high-end but low-key." I was eager to see if Waiheke lived up to its Hamptons reputation, so on a trip to Auckland in 2022, I planned a two-night getaway to the island.

Persons: —, Amy Louise Bailey, Waiheke Organizations: Service, Vogue Locations: Waiheke, Auckland , New Zealand, New Zealand, Auckland

☆ Lady Gaga said she didn't shut down rumors that she was a man to avoid a child in the same situation feeling shame
▼ + stars: | 2024-09-18 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Lady Gaga addressed the rumor that she was a man in "What's Next? At the start of her career in the 2010s Gaga was asked in multiple interviews if she was secretly a man. Gaga said she didn't shut down the rumor because she didn't want a child in the same situation to feel shame. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLady Gaga said she never shut down the yearslong rumor that she was secretly a man so a child in a similar situation wouldn't feel shame.

Persons: Lady Gaga, Bill Gates, Gaga, —, Stefani Germanotta Organizations: Service, Netflix, Business

☆ Stock futures rise as traders weigh Fed’s super-sized rate cut: Live updates
▼ + stars: | 2024-09-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

U.S. stock futures rose Wednesday night as traders digested the Federal Reserve's earlier decision to lower interest rates by a half percentage point. Dow Jones Industrial Average futures rose 100 points, or 0.2%. Futures tied to the S&P 500 and Nasdaq 100 climbed 0.4% and 0.5%, respectively. Both the S&P 500 and 30-stock Dow initially rallied to new record highs right after the Fed announced its interest rate cut decision. "The market was thinking to itself, if you go 50, another 50 has a high likelihood.

Persons: Tom Porcelli, that's, he's, Porcelli, homebuilder Lennar Organizations: New York Stock Exchange, Federal, Dow Jones Industrial, Nasdaq, Fed, Dow, Darden, FedEx, homebuilder, Traders Locations: U.S

☆ The Federal Reserve just cut interest rates by a half point. Here's what that means for your wallet
▼ + stars: | 2024-09-18 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

"Interest rates took the elevator going up, but they'll be taking the stairs coming down," he said. That makes paying down high-cost credit card debt a top priority since "interest rates won't fall fast enough to bail you out of a tight situation," McBride said. "Many Americans have been holding off on making vehicle purchases in the hopes that prices and interest rates would come down, or that incentives would make a return," Caldwell said. Student loansFederal student loan rates are also fixed, so most borrowers won't be immediately affected by a rate cut. Eventually, borrowers with existing variable-rate private student loans may be able to refinance into a less expensive fixed-rate loan, he said.

Persons: Spencer Platt, APRs, McBride, they'll, Jacob Channel, Jessica Caldwell, Edmunds, Caldwell, Mark Kantrowitz Organizations: Getty, Treasury, Auto, Fed Locations: New York City, Edmunds

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