On Wire

Breaking news, updates, and reports on current events.

Tyson is permanently closing its beef processing plant in Joslin, Illinois, wiping out about 2,500 jobs. The company blames a historic cattle shortage

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Food giant Tyson Foods is closing several of its beef plants in the US including one in Illinois, with state representatives describing the closure as “devastating” and “abrupt,” with more than 2,500 workers expected to lose their jobs. The company announced the closures in a Thursday news release, saying it was “making strategic changes to … Read more

Are We Closer To Nuclear War Than Ever Before?

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by Michael It appears that most of the population has become way too apathetic about the threat of nuclear war. There are people on social media that cheer as both sides continue to escalate the conflict in Ukraine, and there are people on social media that are openly advocating for nuclear weapons to be used … Read more

US corporate equity has hit over 400% of GDP, nearly double the Dot Com peak, while AI model prices are crashing and Nvidia is arranging massive financing for the buildout.

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JPMorgan strategist David Kelly says the total value of US corporate equity now exceeds 400% of GDP. That is roughly double the 204% peak at the height of the 2000 Dot Com bubble and far higher than levels before the 1987 crash. OpenAI cut the price of GPT-5.6 Luna by 80%, from $1 to $0.20 … Read more

They keep getting caught stealing public money and rigging the system

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Multiple Democratic officials were charged or convicted in the past week on fraud, bribery, and related cases involving public money or elections. Former New Mexico House Majority Leader Sheryl Williams Stapleton convicted on 31 federal felonies for diverting school funds and taking kickbacks. Lawrence, Massachusetts Mayor Brian DePena charged with wire fraud and money laundering … Read more

Elon Musk makes all Government censorship requests publicly visible in its open-source X algorithm.

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🚨 UPDATE: Elon Musk has infuriated foreign governments by making PUBLIC any and all censorship required by governments in open source "Any censorship required by governments is now clearly visible." 💯 The censors hate this. Thank you, @ElonMusk 🇺🇸 pic.twitter.com/3EgN5XwIdY — Eric Daugherty (@EricLDaugh) August 15, 2026 Elon Musk’s announcement that government censorship and content … Read more

Two nations. Two very different paths.

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While France builds Europe's largest mosque. Poland has built Europe's tallest Virgin Mary statue. Officially opens to the public tomorrow. Two nations. Two very different paths 🇵🇱 pic.twitter.com/qamrqDOQHb — Casey Krol (@CaseyKrol) August 14, 2026

Chinese humanoid company goes public — robots doing backflips. Robot video is intense.

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As retail excitement around the listing of China’s best-known humanoid maker, Unitree Robotics, reaches fever pitch, skeptics are questioning how long it will take before these robots can move beyond running and acrobatics to perform genuinely useful work. The Hangzhou-based startup priced its IPO at 150.8 yuan ($22.4) a share, raising $900 million and valuing … Read more

USA pulls last aircraft carrier in Asia… As China shows more signs of aggression

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WASHINGTON (AP) — President Donald Trump’s war against Iran is stretching the limits of U.S. aircraft carriers and leaving the western Pacific without one of the key American warships as China shows more signs of aggression. The USS George Washington is departing the Pacific and expected to replace the USS Abraham Lincoln in the Middle … Read more

If Wall Street was counting AI capex expense at the same rate as they are counting the capex revenue, then earnings would be negative.

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The reason why S&P 500 earnings estimates keep going up is because for the first time in history, capex expense is now being counted as revenue in Wall Street's forward earnings estimates. If Wall Street was counting AI capex expense at the same rate as they are counting the… pic.twitter.com/vj9JKqJzDe — Mac10 (@SuburbanDrone) August 14, … Read more

Bank of America predicts U.S. national debt to hit $50 trillion in just 3 years. Interest on debt now running at $1.5 trillion per year.

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In the coming days the U.S. national debt is set to breach $40 trillion for the first time. Soberingly, Bank of America’s chief equity strategist, Michael Hartnett. predicts that the next milestone, $50 trillion, will be reached in July 2029. These worrying landmarks reinforce a market perception that fixed-income investments are losing bets, a sentiment … Read more

LOWEST NUMBER OF U.S. HOMEBUYERS EVER RECORDED. YOU KNOW WHAT HAPPENS NEXT, RIGHT?

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This is a really disturbing trend. People have basically given up on buying a home or they can’t qualify to buy one. The only thing that reverses this trend is lower prices because rates aren’t dropping anytime soon. pic.twitter.com/ui48i3wKCp — QE Infinity (@StealthQE4) August 15, 2026 No way to spin this as good. https://t.co/8JoOef0de6 — … Read more

Tim Dillon: “They’re building a web of surveillance unlike anything that has ever existed.”

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“And if you don’t think this will be used on you … you’re crazy.” “Flock cameras.” “Facial recognition.” “Biometric eye scans.” “Everything you type into Google.” “All your text messages.” “Every email.” “Every phone call.” “Your physical location with your phone camera.” “This is all being done, and by the way, at a breakneck pace.” … Read more

Iran defiant on strait as Trump tells Americans to accept high gasoline prices

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DUBAI/CAIRO/GARDEN CITY, New York, Aug 15 (Reuters) – Iran called on the U.S. to accept defeat on Saturday, while President Donald Trump blasted Tehran as “very evil” and told Americans to prepare for continued high fuel prices as a result of the war. Progress towards peace talks and oil tanker traffic through ‌the strategic Strait … Read more

Strategic Petroleum Reserve salt domes may collapse

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The caverns that hold the U.S. strategic oil reserves could get damaged by the rapid release of stockpiles in response to the Iran war, experts warned this week as inventories hit a four-decade low. Damage to the caverns would make it more difficult to respond to future energy emergencies, the experts said. The oil in … Read more

Shoppers’ payments declined due to ‘global’ Mastercard outage

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Card payments have been declined for shoppers around Australia due to a Mastercard system update, the multinational card provider says. “A scheduled system update caused Mastercard transactions to be declined for a period of time earlier today. The situation has been resolved and all systems are working as normal,” Mastercard told the ABC in a … Read more