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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

2

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

3

Current price of oil as of October 6, 2026
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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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David Silberman, cofounder and CFO at PingPod and its subsidiary PodPlay.
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How our ping pong startup hit a $50M valuation in 5 years by tapping into automation
By David SilbermanSeptember 27, 2024
  • Almost a century after Virginia Woolf’s ‘A Room of One’s Own’ essay, women are driving the housing market
    Commentary
    Almost a century after Virginia Woolf’s ‘A Room of One’s Own’ essay, women are driving the housing market
    By Priscilla AlmodovarSeptember 17, 2024
The IRS just paid 3 whistleblowers a record $74 million award—and tax evaders should be very afraid
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The IRS just paid 3 whistleblowers a record $74 million award—and tax evaders should be very afraid
By Chris McLamb and Mike RonickherSeptember 27, 2024
Why Tesla is right to give Musk a $56 billion pay package
Finance
Why Tesla is right to give Musk a $56 billion pay package
By Jeffrey L. Coles, Naveen D. Daniel and Lalitha NaveenSeptember 27, 2024
Portrait photo of Nike CEO Elliott Hill smiling in a black sweatshirt with the Nike logo.
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Nike’s new CEO signals a return to its old values
By Clint KoffordSeptember 26, 2024
EPA administrator: Rolling back Biden-Harris infrastructure and climate investments would mean backlash in American communities
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EPA administrator: Rolling back Biden-Harris infrastructure and climate investments would mean backlash in American communities
By Michael S. ReganSeptember 26, 2024
Bird flu casts a wider net as U.S. health officials keep drip-feeding information on Fridays
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Bird flu casts a wider net as U.S. health officials keep drip-feeding information on Fridays
By Carolyn BarberSeptember 26, 2024
  • America’s national debt is ballooning—and any real solutions can only be bipartisan
    Commentary
    America’s national debt is ballooning—and any real solutions can only be bipartisan
    By Gary ShapiroSeptember 16, 2024
We keep celebrating low unemployment—but data shows jobs and economic activity have been shifting to big business
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We keep celebrating low unemployment—but data shows jobs and economic activity have been shifting to big business
By Ufuk AkcigitSeptember 25, 2024
Rep. Miller: Raising the corporate tax rate will hurt American business, investment, and consumers
Commentary
Rep. Miller: Raising the corporate tax rate will hurt American business, investment, and consumers
By Carol MillerSeptember 25, 2024
Want to be a tech company? Build with value in mind
Partner Commentary
Want to be a tech company? Build with value in mind
By Rodney ZemmelSeptember 24, 2024
Coursera CEO Jeff Maggioncalda headshot is displayed in front of a pink-tiled background.
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Coursera CEO: AI won’t replace teachers—but it will transform education
By Jeff MaggioncaldaSeptember 24, 2024
Anu Bharadwaj, president of Atlassian.
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Stop romanticizing in-office watercooler talk. As a fully distributed company of 12,000 people, here’s what really works
By Anu BharadwajSeptember 24, 2024
  • The ‘flagship office’ is on the rise—and it uses the principles of the experience economy to coax employees back to their desks
    Commentary
    The ‘flagship office’ is on the rise—and it uses the principles of the experience economy to coax employees back to their desks
    By B. Joseph Pine II and Louis-Etienne DuboisSeptember 16, 2024
WEF Chair Klaus Schwab: It took just under 4 years to connect 1B people to vital digital services. We must redouble our efforts as the world enters the age of AI
Commentary
WEF Chair Klaus Schwab: It took just under 4 years to connect 1B people to vital digital services. We must redouble our efforts as the world enters the age of AI
By Klaus SchwabSeptember 24, 2024
Mining hasn’t evolved in decades. The U.S. must reinvent it as China tightens its grip on critical minerals
Commentary
Mining hasn’t evolved in decades. The U.S. must reinvent it as China tightens its grip on critical minerals
By Nathan RatledgeSeptember 24, 2024
Earth’s ‘second lung’ is under threat. Losing the Congo Basin forests would set the fight against climate change back 20 years
Commentary
Earth’s ‘second lung’ is under threat. Losing the Congo Basin forests would set the fight against climate change back 20 years
By Lee WhiteSeptember 24, 2024
Global health leaders pen open letter to ‘those with the power to prevent lives being lost to the climate crisis’
Commentary
Global health leaders pen open letter to ‘those with the power to prevent lives being lost to the climate crisis’
By Mary Robinson, Ellen Johnson-Sirleaf, Austin Demby, David Miliband, Peter Sands, Anil Soni, Nikolaj Gilbert, Martin Edlund, Toyin Saraki, Pascal Lamy, Naveen Rao, Luis Pizarro, Jennifer Lotito, Awa Marie Coll-Seck, Agnes Soucat, Jack Leslie, Hindou Oumarou Ibrahim, Omnia El Omrani, Nathalie Delapalme, Yacine Diop Djibo, Marianne Comparet, Temie Giwa-Tubosun, Sabine Bolonhini and Vanina Laurent-LedruSeptember 23, 2024
Pinterest CEO: To protect our kids online, Congress must make digital IDs the national standard—and require OS makers to share age-validation data with apps
Commentary
Pinterest CEO: To protect our kids online, Congress must make digital IDs the national standard—and require OS makers to share age-validation data with apps
By Bill ReadySeptember 23, 2024
Jim Scapa, founder, chairman, and CEO of Altair
Commentary
I spark creative destruction within my $7B-plus company to drive innovation. Here’s how it’s done
By Jim ScapaSeptember 20, 2024
Americans can get behind dropping degree requirements—but employers and hiring managers keep propping up the ‘paper ceiling’
Commentary
Americans can get behind dropping degree requirements—but employers and hiring managers keep propping up the ‘paper ceiling’
By Michael HansenSeptember 20, 2024
AI investors need focus—but their exuberance isn’t entirely unjustified
Commentary
AI investors need focus—but their exuberance isn’t entirely unjustified
By Vibhor Rastogi and Cagla KaymazSeptember 20, 2024
Gen Z has a different approach to work.
Commentary
Gen Z needs more than a paycheck at work—here’s how I deliver as CEO
By Aytekin TankSeptember 19, 2024
AI development is being hijacked by Big Tech and rich nations, UN report warns
Commentary
AI development is being hijacked by Big Tech and rich nations, UN report warns
By Nazneen RajaniSeptember 19, 2024
Everyday Americans pay the price for the bipartisan consensus on protectionist trade policies
Commentary
Everyday Americans pay the price for the bipartisan consensus on protectionist trade policies
By Pinar Çebi WilberSeptember 19, 2024
Leslie Feinzaig
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‘VCs for Kamala’ went viral among the Silicon Valley elite. Here’s why I started it
By Leslie FeinzaigSeptember 19, 2024
A message from American businesses: Don’t walk away from the UN
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A message from American businesses: Don’t walk away from the UN
By Whitney Y. Baird and Peter YeoSeptember 18, 2024
Randstad CEO: Coming out at work was crucial for my career—but I was lucky
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Randstad CEO: Coming out at work was crucial for my career—but I was lucky
By Sander van 't NoordendeSeptember 18, 2024
The stranded astronauts are stoic. NASA shouldn’t be
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The stranded astronauts are stoic. NASA shouldn’t be
By Carolyn BarberSeptember 18, 2024
Trans+ employees are not alone in bearing the burden of bigotry—it costs employers, too
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Trans+ employees are not alone in bearing the burden of bigotry—it costs employers, too
By Marty DaviesSeptember 18, 2024
Holly Alpine.
Commentary
I loved my job at Microsoft, but I had to resign on principle. Here’s why
By Holly AlpineSeptember 17, 2024
Jeremy Siegel: The Fed should consider deeper rate cuts or risk a recession
Commentary
Jeremy Siegel: The Fed should consider deeper rate cuts or risk a recession
By Jeremy SiegelSeptember 17, 2024
Kamala Harris and Donald Trump are betting on nostalgia to win your vote. Here’s why
Commentary
Kamala Harris and Donald Trump are betting on nostalgia to win your vote. Here’s why
By Clay RoutledgeSeptember 17, 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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