Key TakeawaysThe Federal Reserve initiated its first rate cut of 2025, lowering the federal funds rate by 25 basis points to a target range of 4% to 4.25%, signaling a shift in monetary policy amidst a "challenging situation" of inflation risks and slowing employment.Puma (PUM) shares surged by as much as 16.7% on reports that private equity firm CVC Capital Partners and Authentic Brands Group are preparing a takeover bid for the German sportswear giant, potentially targeting the 29% stake held by the Pinau ...