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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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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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These boom-and-bust tech cycles show that if AI investment wanes, the recovery will be quick
Commentary
These boom-and-bust tech cycles show that if AI investment wanes, the recovery will be quick
By Jeff GrabowAugust 20, 2024
  • Are we headed for a massive AI hangover? It’s a $600 billion question that needs to be addressed
    Magazine
    Are we headed for a massive AI hangover? It’s a $600 billion question that needs to be addressed
    By Alyson ShontellAugust 5, 2024
An economic catastrophe is lurking beneath Russia’s GDP growth as Putin ‘throws everything into the fireplace’
Commentary
An economic catastrophe is lurking beneath Russia’s GDP growth as Putin ‘throws everything into the fireplace’
By Jeffrey Sonnenfeld, Michal Wyrebkowski, Anders Aslund and Tymofiy MylovanovAugust 19, 2024
How the internet’s charm can disrupt our kids’ perceptions
Commentary
How the internet’s charm can disrupt our kids’ perceptions
By Taft ParsonsAugust 19, 2024
The 2024 U.S. presidential election reflects a changing America. Expect conflict ‘for the next generation,’ say top pollsters
Commentary
The 2024 U.S. presidential election reflects a changing America. Expect conflict ‘for the next generation,’ say top pollsters
By Clifford Young and Chris JacksonAugust 19, 2024
Bizzy Cold Brew cofounders Andrew Healy and Alex French (right)
Commentary
How we went from making cold brew coffee at home to producing 350,000 cups a day—and selling it via Target and Walmart
By Alex FrenchAugust 16, 2024
The most underrated leadership skill, according to Jake Sullivan
Commentary
The most underrated leadership skill, according to Jake Sullivan
By Jake SullivanAugust 16, 2024
  • Teens are getting colorectal cancer at unprecedented rates—but a little-known IRA provision is blocking new lifesaving treatments
    Commentary
    Teens are getting colorectal cancer at unprecedented rates—but a little-known IRA provision is blocking new lifesaving treatments
    By Michael SapienzaAugust 2, 2024
Investors, entrepreneurs, and good ideas are becoming collateral damage as the U.S. and China battle over dual-use tech
Commentary
Investors, entrepreneurs, and good ideas are becoming collateral damage as the U.S. and China battle over dual-use tech
By Henny SenderAugust 16, 2024
Kamala Harris should help Democrats reclaim their reputation as the pro-tech party
Regulators
Kamala Harris should help Democrats reclaim their reputation as the pro-tech party
By Kristin SmithAugust 15, 2024
Anne Chow is opting for "rewirement" over retirement.
Commentary
Fellow Gen Xers: That retirement crisis you’re losing sleep over is a ‘rewirement’ opportunity
By Anne ChowAugust 15, 2024
Natracare founder and CEO Susie Hewson.
Commentary
Toxic metals found in tampons have set off alarm bells—the kind I responded to 35 years ago when starting my company
By Susie HewsonAugust 15, 2024
Yoshua Bengio: California’s AI safety bill will protect consumers and innovation
Commentary
Yoshua Bengio: California’s AI safety bill will protect consumers and innovation
By Yoshua BengioAugust 15, 2024
  • Fed Chair Jerome Powell is trying to explain away the inflation rollercoaster—but money supply is absent from his script
    Commentary
    Fed Chair Jerome Powell is trying to explain away the inflation rollercoaster—but money supply is absent from his script
    By John Greenwood and Steve H. HankeAugust 2, 2024
Brian Niccol may well be the messiah Starbucks—and Howard Schultz—have been looking for
Commentary
Brian Niccol may well be the messiah Starbucks—and Howard Schultz—have been looking for
By Jeffrey Sonnenfeld, Stephen Henriques and Steven TianAugust 14, 2024
The ‘sustainability recession’ will end soon—and not by choice
Commentary
The ‘sustainability recession’ will end soon—and not by choice
By Andrew WinstonAugust 14, 2024
Sam Altman warned OpenAI will ‘steamroll’ AI startups. I run one. Here’s why I’m not worried
Commentary
Sam Altman warned OpenAI will ‘steamroll’ AI startups. I run one. Here’s why I’m not worried
By Eric OlsonAugust 13, 2024
Julieanna Etter, wary of student debt, is pursuing a career in the homebuilding industry straight out of high school.
Commentary
I’m a Gen Zer starting a career in homebuilding. Skipping college—and student debt—was the best decision I ever made
By Julieanna EtterAugust 13, 2024
‘Survive until 2025’: The U.K. gaming industry fights for the future amid U.S. strikes
Commentary
‘Survive until 2025’: The U.K. gaming industry fights for the future amid U.S. strikes
By Paul SulyokAugust 13, 2024
The WSJ’s Evan Gershkovich had his employer’s support—but that’s not always the case for employees on an overseas mission
Commentary
The WSJ’s Evan Gershkovich had his employer’s support—but that’s not always the case for employees on an overseas mission
By Jeffrey Sonnenfeld and Steven TianAugust 12, 2024
Here’s the real reason Ozempic-like weight-loss drugs are so popular
Commentary
Here’s the real reason Ozempic-like weight-loss drugs are so popular
By Bill NovelliAugust 12, 2024
Netlist founder and CEO Chuck Hong.
Commentary
Big Tech’s abuse of the patent system must end—take it from me, I’ve fought Google over IP for years
By Chuck HongAugust 9, 2024
Georgia Tech professor: Banning AI from school is a mistake
Commentary
Georgia Tech professor: Banning AI from school is a mistake
By Arijit RaychowdhuryAugust 9, 2024
Elderly Americans are losing millions to real estate scams
Commentary
Elderly Americans are losing millions to real estate scams
By Elizabeth BlosserAugust 9, 2024
Extreme weather nearly killed my business, and climate change means more of it. What I wish I’d known
Commentary
Extreme weather nearly killed my business, and climate change means more of it. What I wish I’d known
By Mityne LewisAugust 9, 2024
Paul Polman: It’s time to stand with Bangladesh—and my friend Muhammad Yunus
Commentary
Paul Polman: It’s time to stand with Bangladesh—and my friend Muhammad Yunus
By Paul PolmanAugust 8, 2024
Map shows projected 2033 trade changes
Commentary
4 potential scenarios—and 1 map—showing how the world will trade goods for the next decade, according to BCG
By Nikolaus Lang, Marc Gilbert and Michael McAdooAugust 7, 2024
Markets have overestimated AI-driven productivity gains, says MIT economist
Commentary
Markets have overestimated AI-driven productivity gains, says MIT economist
By Daron AcemogluAugust 6, 2024
‘The Godmother of AI’ says California’s well-intended AI bill will harm the U.S. ecosystem
Commentary
‘The Godmother of AI’ says California’s well-intended AI bill will harm the U.S. ecosystem
By Fei-Fei LiAugust 6, 2024
Entrepreneurs David Sinkinson (left) and his brother Chris (right).
Commentary
How we built our bootstrapped startup different and sold it for $40M. (Hint: We ignored some myths)
By David SinkinsonAugust 5, 2024
Women will soon have more money than men for the first time in history—and they’re following the MacKenzie Scott and Melinda Gates playbook
Commentary
Women will soon have more money than men for the first time in history—and they’re following the MacKenzie Scott and Melinda Gates playbook
By Sara LomelinAugust 5, 2024
Forrest Zischkau, student at Pittsburgh Institute of Aeronautics.
Commentary
I’m a Gen Zer and attended college for nearly 3 years before realizing trade school was right for me
By Forrest ZischkauAugust 5, 2024
Steve Jobs was wrong. Finding work that you love might be the worst thing you can do
Commentary
Steve Jobs was wrong. Finding work that you love might be the worst thing you can do
By Christopher Wong Michaelson and Jennifer Tosti-KharasAugust 5, 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
By Sydney LakeOctober 6, 2026
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By Joseph HostetlerOctober 6, 2026
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