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Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

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Current price of oil as of October 6, 2026

1

Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

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Current price of oil as of October 6, 2026
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Commentary

Ideas and insights on pressing issues facing the business world.
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The 1,000-hour test: a better way to decide what’s actually worth your money 

I moved to Vermont in 2020 and eventually threw out my back. I bought a snowblower and along the way developed a philosophy I’d call Practical Materialism.

By Ben MeerOctober 6, 2026
jasper
I’ve spent a decade teaching AI to write. Here’s why your slop posts are ruining your LinkedIn
By Jasper PyeOctober 6, 2026
sr
I wrote The Future of Truth and then found to my alarm it contained AI-hallucinated quotes. I’ve chosen to fight back
By Steven RosenbaumOctober 6, 2026
gephardt
‘A Republic, if you can keep it’: We served presidents from both parties and have never been so concerned about election security
By Richard A. Gephardt, Timothy E. Wirth, Leon Panetta, Theodore Roosevelt V, Reid J. Ribble, Stephanie A. Grisham and Miles TaylorOctober 4, 2026
josh
NVIDIA Head of Sustainability: how to accelerate America’s nuclear energy renaissance 
By Josh ParkerOctober 5, 2026
gs
Gary Shapiro: why trade shows matter and how to get them right
By Gary ShapiroOctober 4, 2026
Latest stories from Fortune
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Dimer Health CEO Caroline Hodge.
Commentary
Cancer made me a patient. Health care’s blind spots made me a CEO
By Caroline HodgeOctober 25, 2024
  • Billionaires, celebrities, and CEOs like Bob Iger are investing in U.S. soccer—and the beautiful game’s American gold rush is just beginning
    Commentary
    Billionaires, celebrities, and CEOs like Bob Iger are investing in U.S. soccer—and the beautiful game’s American gold rush is just beginning
    By Aden IkramOctober 11, 2024
EV charging stations could become America’s next ‘third place’ as they partner with grocers and coffee shops
Commentary
EV charging stations could become America’s next ‘third place’ as they partner with grocers and coffee shops
By Andrew CorneliaOctober 25, 2024
Former Intel CEO Craig Barrett: Splitting up America’s leading chipmaker is a bad idea
Commentary
Former Intel CEO Craig Barrett: Splitting up America’s leading chipmaker is a bad idea
By Craig BarrettOctober 25, 2024
Charts show frequency of mention of presidential candidate in US news
Commentary
How the Democrat-leaning news media is unwittingly aiding Trump
By Luba Kassova and Richard AddyOctober 25, 2024
To find the economy’s future growth engines, look for big ‘arenas of competition’ 
Partner Commentary
To find the economy’s future growth engines, look for big ‘arenas of competition’ 
By Chris Bradley and Michael BirshanOctober 24, 2024
As activist Starboard engages constructively, here’s a potent prescription for Pfizer’s future success under Dr. Bourla’s watch
Commentary
As activist Starboard engages constructively, here’s a potent prescription for Pfizer’s future success under Dr. Bourla’s watch
By Jeffrey Sonnenfeld and Steven TianOctober 24, 2024
  • Here are the facts that activist critics of Pfizer CEO Albert Bourla are missing, according to a Yale analysis
    Commentary
    Here are the facts that activist critics of Pfizer CEO Albert Bourla are missing, according to a Yale analysis
    By Jeffrey Sonnenfeld and Steven TianOctober 10, 2024
How the Biden-Harris administration wrote insurers a $10 billion check to cover up the predictable impact of an IRA provision
Commentary
How the Biden-Harris administration wrote insurers a $10 billion check to cover up the predictable impact of an IRA provision
By Tomas J. PhilipsonOctober 24, 2024
Ozempic and Wegovy are trimming waistlines—and showing how quickly U.S. health care can turn into a gold rush
Commentary
Ozempic and Wegovy are trimming waistlines—and showing how quickly U.S. health care can turn into a gold rush
By Owen TrippOctober 23, 2024
Despite inflation, U.S. consumers are 5% better off than in 2019—here’s why they don’t feel that way
Commentary
Despite inflation, U.S. consumers are 5% better off than in 2019—here’s why they don’t feel that way
By Philipp Carlsson-Szlezak and Paul SwartzOctober 23, 2024
The defunct AmazonSmile charitable program worked. I know because I co-founded Tripadvisor using the same principles
Commentary
The defunct AmazonSmile charitable program worked. I know because I co-founded Tripadvisor using the same principles
By Steve KauferOctober 23, 2024
Julie Wainwright
Commentary
Count me among the boomers not retiring—I’m in my 60s and leading another startup
By Julie WainwrightOctober 22, 2024
  • The U.S. leads on chips, but China has an underrated advantage in the race to adopt AI
    Commentary
    The U.S. leads on chips, but China has an underrated advantage in the race to adopt AI
    By Grace ShaoOctober 10, 2024
Warren Buffett warns of ‘casino-like’ investor behavior. Here’s the hidden cost of ‘free’ investing
Commentary
Warren Buffett warns of ‘casino-like’ investor behavior. Here’s the hidden cost of ‘free’ investing
By Victor Haghani, James White and Vladimir RagulinOctober 22, 2024
Why breaking Intel in two is the only way to save America’s most important manufacturer, according to its former board directors
Commentary
Why breaking Intel in two is the only way to save America’s most important manufacturer, according to its former board directors
By David B. Yoffie, Reed Hundt, Charlene Barshefsky and James PlummerOctober 22, 2024
Here’s what it would take for Europe to successfully compete with the U.S. and China, according to EY
Commentary
Here’s what it would take for Europe to successfully compete with the U.S. and China, according to EY
By Julie Linn TeiglandOctober 22, 2024
Biden-Harris have a track record of real success in bringing manufacturing back to America. Trump’s all-sticks-no-carrots approach already failed
Commentary
Biden-Harris have a track record of real success in bringing manufacturing back to America. Trump’s all-sticks-no-carrots approach already failed
By Jeffrey Sonnenfeld, Laura Tyson and Steven TianOctober 21, 2024
Governments have just 5 weeks to end plastic pollution. A global, binding treaty is the only solution
Commentary
Governments have just 5 weeks to end plastic pollution. A global, binding treaty is the only solution
By Ellen MacArthur and Christiana FigueresOctober 21, 2024
Culture change isn’t about flowery rhetoric—it can be turned into a simple assignment
Commentary
Culture change isn’t about flowery rhetoric—it can be turned into a simple assignment
By Keith FerrazziOctober 18, 2024
The next wave of AI won’t be driven by LLMs. Here’s what investors should focus on instead
Commentary
The next wave of AI won’t be driven by LLMs. Here’s what investors should focus on instead
By Vivek WadhwaOctober 18, 2024
How to prevent millions of invisible law-free AI agents casually wreaking economic havoc
Commentary
How to prevent millions of invisible law-free AI agents casually wreaking economic havoc
By Gillian HadfieldOctober 17, 2024
This could be America’s first ‘podcast election’—just look across the pond
Commentary
This could be America’s first ‘podcast election’—just look across the pond
By Oskar SerranderOctober 17, 2024
The world needs innovative antiviral drugs—but market incentives won’t align until it’s too late, Germany’s ‘head of challenges’ warns
Commentary
The world needs innovative antiviral drugs—but market incentives won’t align until it’s too late, Germany’s ‘head of challenges’ warns
By Jano CostardOctober 16, 2024
AI regulation gets a bad rap—but lawmakers around the world are doing a decent job so far
Commentary
AI regulation gets a bad rap—but lawmakers around the world are doing a decent job so far
By Bob GoodsonOctober 16, 2024
Employees sit and stand around desks at an office
Partner Commentary
Navigating the new world of work: 3 leadership imperatives to future-proof your organization
By Bijal ShahOctober 15, 2024
The real reason for Shein’s success? A cognitive bias known as ‘temporal discounting’
Commentary
The real reason for Shein’s success? A cognitive bias known as ‘temporal discounting’
By Neeru PahariaOctober 15, 2024
Semyon Dukach, founding partner of One Way Ventures
Commentary
I run a $100M VC fund for immigrants—here’s why they’re often better than those born here
By Semyon DukachOctober 15, 2024
Here’s why the gap between Americans’ perception of U.S. economic performance and reality has doubled since 2019, according to economists
Commentary
Here’s why the gap between Americans’ perception of U.S. economic performance and reality has doubled since 2019, according to economists
By Kaushik Basu and Robert LynchOctober 15, 2024
AI could be the drunk uncle in health care—or fix our broken systems
Commentary
AI could be the drunk uncle in health care—or fix our broken systems
By Lars MaaløeOctober 14, 2024
How milestone birthdays can derail CEO focus—and harm company performance
Commentary
How milestone birthdays can derail CEO focus—and harm company performance
By Stephan KramerOctober 11, 2024
COVID-19 raises the stakes for heart attacks, strokes, and even death long after infection, new study finds
Commentary
COVID-19 raises the stakes for heart attacks, strokes, and even death long after infection, new study finds
By Carolyn BarberOctober 11, 2024
‘The people’s mandate’: Why your vote matters no matter where you live
Commentary
‘The people’s mandate’: Why your vote matters no matter where you live
By Alan FleischmannOctober 11, 2024
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Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victimsplaceholder alt text
By Catherina GioinoOctober 5, 2026
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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different realityplaceholder alt text
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