On Wire

Breaking news, updates, and reports on current events.

A major housing headwind is about to hit

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And that’s the Baby Boomer exodus from the U.S. Housing Market. In the next decade, the share of U.S. population above 75 will skyrocket. Meaning Baby Boomer owners who fueled the housing market over the last 20 years will turn into sellers they age out. And Gen X, the next generation in line to buy … Read more

Rule of 25 & 250 years of history suggests the AI bubble will not pop until the early 2030s

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In the past 250 years the U.S. economy has absorbed spending on transformation technology equivalent to 25% of GDP before the bubble popped. The 1860s railroad bubble popped after $2.5 billion was spent, 25% of GDP The 1920s electrification bubble popped after $26.1 billion was spent, 25% of GDP The 1990s internet bubble popped after $1.5 trillion … Read more

ICE awards $10.1M contract to expand rapid DNA testing program used to verify family relationships.

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Immigration and Customs Enforcement (ICE) has awarded a $10.1 million contract to expand a rapid DNA testing program used to verify claimed family relationships during immigration enforcement operations, according to federal records. The one-year contract, awarded to Virginia-based SNA International LLC, began August 10 and runs through August 9, 2027. The work will support ICE … Read more

Gunshots fired into crowd at Switzerland rave

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Thirty-seven people have died and almost 400 have been evacuated after a Russian drone strike hit a depot storing weapons for Ukraine’s military near a residential area on the outskirts of Kyiv. The strike caused shells, mines and drones to detonate late on Friday, triggering a blast that damaged nearby properties including a care home … Read more

Tsunami Bomb’: Russia Launches Doomsday Nuclear Submarine After Threatening to Use Poseidon on UK

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At least 37 people have been killed after Russia attacked a Ukrainian ammunition depot with a drone as strikes on Kyiv continued for a third day. Fire erupted at the depot, in the village of Myla in Kyiv’s Bucha district, as more than 200 people evacuated their homes and 50 residential buildings were destroyed. Ukraine’s … Read more

So, should we short until November?

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So, should we short until November? byu/Beginning_Sector_594 inwallstreetbets “The chart shows the historical seasonal pattern of the S&P Equal-Weight (SPW) during U.S. midterm election years (1990–2022). Historically, after the current point, the index tends to experience a stronger correction from August through early October, followed by a significant recovery starting in late October and gaining … Read more

Memory is now 50% of AI spending.

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Quick Read Memory is projected to capture 54% of the $1.56 trillion semiconductor market in 2026, nearly doubling its 27% share from 2025. Nvidia doubled its memory supply commitments to $279 billion in a single quarter, spreading obligations across fiscal years 2027 through 2029. AI has extended the memory cycle rather than ended it, as … Read more

The most important Fauci document may have nothing to do with COVID

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The interesting part isn’t simply that Fauci had CIA contacts. It’s that the documents show intelligence and civilian biodefense were already working much closer together years before COVID. SCOOP: New docs CONFIRM Fauci's connection to the CIA. Fauci's institute at NIH provided cover for CIA research on bioterrorism. The CIA would help NIH obtain the … Read more

Hegseth is purging officers while America runs low on the weapons it needs

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Hegseth is reshaping the military while the Iran war is exposing how thin America’s weapons stockpiles can get. The presidency rumor makes that much more interesting. HEGSETH EYES PRESIDENCY? WASHINGTON — Defense Secretary Pete Hegseth has told close friends and associates that he is considering a run for president in 2028, according to two people … Read more

Trump is running into the same problem everywhere now: money and voters

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The strongest thread here is money. Cheap gas, rising prices, Trump’s wealth and White House secrecy are all turning into questions about who benefits and who pays. MAG: What Might Happen to The Don’s Ill-Gotten Gains… Americans are not accustomed to learning lessons about democracy from Nigeria, Peru, or the Philippines. That disregard may soon … Read more