Stake

• Pentagon Chief Technology Officer Emil Michael stated that the U.S. government should not take ownership stakes in artificial intelligence companies or increase regulatory oversight. • Michael's position aligns with President Donald Trump, who has pushed back against calls from lawmakers and industry leaders to slow AI development. • This stance opposes warnings from AI leaders like Anthropic CEO Dario Amodei, who argues that the industry must slow the release of fast-improving models to mitigate risks.

• European stocks rose from three-month lows as investors waited for an upcoming interest rate decision from the U.S. Federal Reserve. • The European Central Bank recently raised its benchmark deposit facility rate, which is the interest rate banks receive for depositing funds overnight, to 2.50%. • A quarter-point hike by the Federal Reserve would be the first rate increase since mid-2023, affecting global borrowing costs and market volatility.

• Traders are pricing in a 93% chance of a Federal Reserve interest rate hike ahead of this week's meeting following a bond sell-off and persistent August inflation. • Market participants believe the Fed rarely deviates from rate decisions when conviction is this high, meaning a surprise hold could trigger a sharp rally in short-term bonds. • A decision to hold rates steady risks faster yield increases and could damage the Federal Reserve's credibility in its efforts to fight inflation.

NSW police say 18-year-old was operating drone when arrested and likely ‘conducting surveillance on someone or some premises’A Sydney teenager has been charged with murder after police accused him of operating a drone as part of a suspected botched gang hit in the city’s west.Joshua Macdonald, 40, was shot dead at a Merrylands West home on 2 September in what police believe may have been a case of mistaken identity. He was not known to police and had no links to organised crime. Continue reading...

• Traders are cautioned against focusing solely on high-impact economic calendar events and should instead track the shifting policy stances of influential central bank members. • Fed Governor Christopher Waller's recent shift from hawkish to dovish comments caused significant market movement. • Ignoring the specific leanings of policymakers can lead to unexpected market volatility and financial losses for traders.

A man shot dead in Merrylands West was not known to police, in a case with similarities to Monday’s killing in CampbelltownGet our breaking news email, free app or daily news podcastNew South Wales police are investigating the death of a man who was shot dead in a home in Sydney’s west as a potential case of mistaken identity, marking the second fatal shooting incident in as many days.Emergency services responded to reports of a shooting at a property in Merrylands West at about 3.15pm, where a man believed to be in his 30s sustained a gunshot wound. Continue reading...

• WNBA stars Caitlin Clark and Angel Reese are joining forces as teammates for Team USA to defend its title at the Women's Basketball World Cup in Berlin. • The transition requires the two rivals to set aside their professional competition and build team chemistry during the WNBA's high-stakes break. • FIBA regulations for the tournament prohibit players from using gestures, words, or objects to transmit political or ideological messages deemed unfit for sporting events.