Fed chief Powell has his 'I'm not leaving' moment

The Federal Reserve is in the spotlight as Powell asserts that the president can't dismiss the Fed chairman. A recent rate cut of 25 basis points has stirred market reactions and conversations about economic outlooks. Meanwhile, Australia is taking bold steps to ban social media for those under 16. In addition, Goldman Sachs maintains a steady forecast of a 9% gain for the S&P 500 over the next year, hinting at a cautiously optimistic future in the markets.