{"id":50959,"date":"2025-07-24T17:08:31","date_gmt":"2025-07-24T21:08:31","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/trump-pressures-fed-on-rates-schwab-announces-20b-buyback-puma-reports-q2-loss\/50959\/"},"modified":"2025-07-24T17:08:31","modified_gmt":"2025-07-24T21:08:31","slug":"trump-pressures-fed-on-rates-schwab-announces-20b-buyback-puma-reports-q2-loss","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/trump-pressures-fed-on-rates-schwab-announces-20b-buyback-puma-reports-q2-loss\/50959\/","title":{"rendered":"Trump Pressures Fed on Rates, Schwab Announces $20B Buyback, Puma Reports Q2 Loss"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Former President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> continued to pressure Federal Reserve Chair Jerome Powell for <strong>lower interest rates<\/strong>, stating the U.S. would &quot;do better&quot; with reduced rates and indicating he has potential replacements in mind for Powell.<\/li>\n<li><strong>Charles Schwab Corp. (<a href=\"\/stock\/SCHW\">SCHW<\/a>)<\/strong> announced a substantial <strong>$20 billion stock repurchase authorization<\/strong>, replacing a prior program, and declared a regular quarterly common stock dividend of <strong>$0.27 per share<\/strong>.<\/li>\n<li><strong>Puma (<a href=\"\/stock\/PUMSY\">PUMSY<\/a>)<\/strong> reported a <strong>Q2 2025 adjusted EBIT loss of \u20ac13.2 million<\/strong>, citing <strong>\u20ac84.6 million in one-time costs<\/strong> and an estimated <strong>\u20ac80 million impact on gross profit from U.S. tariffs<\/strong> in 2025.<\/li>\n<li><strong>SpaceX&#39;s Starlink<\/strong> experienced a widespread network outage affecting tens of thousands of users across multiple continents, occurring just one day after T-Mobile launched its satellite service utilizing Starlink&#39;s direct-to-cell technology.<\/li>\n<\/ul>\n<p>Former President Donald <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> escalated his public campaign for lower interest rates during a visit to the Federal Reserve headquarters, reiterating his belief that the U.S. economy would perform better with reduced borrowing costs. Trump stated that &quot;one thing has to happen \u2014 interest rates must come down&quot; and indicated he has &quot;one, maybe three names in mind to replace Powell,&quot; though he added there was &quot;no pressure on him&quot; and firing him was &quot;not necessary.&quot; He described a recent discussion with Powell as &quot;very productive&quot; and noted Powell believed &quot;the country is doing really well.&quot;<\/p>\n<p>Trump also criticized the ongoing <strong>$2.5 billion renovation<\/strong> of the Federal Reserve&#39;s headquarters, calling it an &quot;expensive job&quot; that &quot;got out of control.&quot; He commented on the &quot;very luxurious situation&quot; during a tour, despite stating he didn&#39;t want to be a &quot;Monday morning quarterback&quot; on the project.<\/p>\n<p>In corporate news, <strong>Charles Schwab Corp. (<a href=\"\/stock\/SCHW\">SCHW<\/a>)<\/strong> announced a significant capital allocation strategy. The company&#39;s board authorized a new <strong>$20 billion stock repurchase program<\/strong>, replacing the approximately <strong>$6.9 billion<\/strong> remaining under a previous authorization. Additionally, Schwab declared a regular quarterly common stock dividend of <strong>$0.27 per share<\/strong> and preferred stock dividends.<\/p>\n<p>Meanwhile, sports company <strong>Puma (<a href=\"\/stock\/PUMSY\">PUMSY<\/a>)<\/strong> released preliminary Q2 2025 earnings, reporting an <strong>adjusted EBIT loss of \u20ac13.2 million<\/strong>. This loss was attributed partly to <strong>\u20ac84.6 million in one-time costs<\/strong> and an estimated <strong>\u20ac80 million hit to gross profit<\/strong> for 2025 due to U.S. tariffs. The company also revised its capital expenditure plans for 2025, now expecting to invest around <strong>\u20ac250 million<\/strong>.<\/p>\n<p>In the telecommunications sector, <strong>SpaceX&#39;s Starlink<\/strong> experienced a major network outage on July 24, affecting tens of thousands of users globally. The disruption occurred just one day after <strong>T-Mobile<\/strong> launched its new satellite service, which leverages Starlink&#39;s direct-to-cell technology. Elon Musk stated that SpaceX would &quot;address the root cause to ensure it doesn\u2019t happen again.&quot;<\/p>\n<p>Separately, <strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>)<\/strong> successfully defended against a shareholder lawsuit concerning a <strong>$32 billion stock plunge<\/strong>. The lawsuit, which alleged that the company misled investors regarding its foundry business, was rejected in court.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Former President Donald Trump continued to pressure Federal Reserve Chair Jerome Powell for lower interest rates, stating the 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