On Wire

Breaking news, updates, and reports on current events.

IRGC says it hit tanker Trend today. UKMTO logs a projectile. Crew said safe

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IRNA Friday. Guard struck Togo flagged tanker Trend. Called the transit “illegal.” Fire. Then detained, Tehran says. Splash247. Ship 7,119 dwt. UKMTO. Incident 16 nautical miles northeast of Khasab, Oman. Crew safe. No spill. Separate UKMTO note. Tanker hit by an “unknown projectile.” Fire out. AP could not prove the two reports are the same … Read more

The Next Financial Crisis Is Coming… And This One Has No Bailout

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Following the Federal Reserve’s unanimous 12-0 vote to raise its policy rate 25 basis points, Fox Business host Liz Claman brings together BNY Investments chief economist Vincent Reinhart and Euro Pacific Asset Management’s Peter Schiff to break down new Fed Chair Kevin Warsh’s first rate decision. Schiff argues the hike is too small and too … Read more

Warren Buffett steps down as chairman of Berkshire Hathaway.

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Warren Buffett is stepping down as chairman of Berkshire Hathaway , the sprawling conglomerate worth $1 trillion that he has led since 1965. The 96-year-old legendary investor announced the move in a letter to shareholders Friday. Buffett will become chairman emeritus, effective immediately, while remaining a director on the board, the company said in a … Read more

The Democrats Have A Real Midterm Opening

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The Washington Post is calling it a possible midterm wave. At this point, there is actual evidence behind the optimism. The national generic ballot has moved hard toward Democrats. RealClearPolitics had the Democratic lead at 8.7 points on Sept. 17, up from 5.7 points on Sept. 1. That is a larger lead than either party … Read more

Global Fuel Protests Erupt: Burning Tires Block Roads In Syria, Rationing Sparks Chaos In Indonesia And Bangladesh, And Protesters Set Vehicles On Fire In Guatemala

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by Michael It was only a matter of time before widespread protests began to occur. Global supplies of gasoline and diesel have been getting tighter for months, and now prices are soaring and rationing has started in some parts of the world. Needless to say, a lot of ordinary people are very angry about this. … Read more

F16 goes down in Northern Michigan

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Crews are responding to reports of an F-16 plane crashing in Northern Michigan. The F-16 was from Texas and its pilot ejected prior to the crash, the Air National Guard confirmed. They are in stable condition. The plane was taking part in a joint training mission. https://www.fox2detroit.com/news/f-16-plane-crash-reported-northern-michigan

Economist cover: Can the AI arms race be stopped + films that showed this exact outcome + AI goes rogue

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You can’t make this up. Andrew Yang says an AI lab chief told him rogue AI agents have planted self-replicating code across the internet, “polluting” the data frontier labs use to train and test models. “What happened was the bots that got loose planted self-replicating code… https://t.co/oc09GmaiGy pic.twitter.com/Uqc50JeEDw — Coin Bureau (@coinbureau) September 17, 2026 … Read more

Private Credit Defaults Just Hit a Record High

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Private credit defaults have officially reached a record. According to Fitch Ratings, the default rate rose to 6.3% in August, exceeding the previous record set only one month earlier. But the most important number may not be 6.3%. It may be Fitch’s 45%. And that reveals the bigger story, one about liquidity and tightening.

George Soros named worlds most generous billionaire

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It’s another banner year for America’s ultra-rich, with the 400 wealthiest Americans’ fortunes skyrocketing by $1.4 trillion over the past 12 months—a 21% increase. https://www.forbes.com/sites/gigizamora/2026/09/16/americas-400-richest-people-have-donated-just-4-of-their-wealth-to-charity/ Not surprised, just proud. Congrats again to the GOAT, George Soros, on being named the most generous Forbes 400 member for the seventh straight year. https://www.forbes.com/sites/gigizamora/2026/09/16/americas-400-richest-people-have-donated-just-4-of-their-wealth-to-charity/ Not surprised, just proud. … Read more

South Carolina is America’s foreclosure hotspot as it recorded the highest rate of filings relative to the size of its housing market in August

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South Carolina is America’s foreclosure hotspot – dethroning Florida – as it recorded the highest rate of filings relative to the size of its housing market in the month of August. The state had one for every 1,547 housing units, according to data from real estate analytics firm ATTOM. That put South Carolina ahead of … Read more

Two world leaders extremely sick after the BRICS meeting in India

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South African President Cyril Ramaphosa has withdrawn from public engagements after returning from the BRICS summit in India, his office said on Wednesday, citing ill health. Ramaphosa, 73, returned from New Delhi on Monday and was advised by his doctors to rest and recover. His absence comes as Deputy President Paul Mashatile continues recovering from … Read more

House Republican Turns on Trump in Stunning Campaign Ad: Hispanics Who Elected You Feel ‘Betrayed’

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NEW: Rep. Maria Elvira Salazar (R-FL) just rolled out a straight to camera ad breaking with Trump. "Mr. President, some of your immigration enforcement efforts have gone too far….The same Hispanics who helped you get to the White House in 2024 feel betrayed today" pic.twitter.com/uxPeLaittt — Shane Goldmacher (@ShaneGoldmacher) September 17, 2026 Rep. María Elvira … Read more