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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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Women feel guilty about getting enough sleep–and it’s a public health emergency
Commentary
Women feel guilty about getting enough sleep–and it’s a public health emergency
By Barbara RhodenMarch 5, 2024
  • No, ESG and DEI don’t just have a branding problem
    Commentary
    No, ESG and DEI don’t just have a branding problem
    By David MeadvinFebruary 16, 2024
American consumers deserve the same food labeling standards as Europeans
Commentary
American consumers deserve the same food labeling standards as Europeans
By Julie ChaponMarch 5, 2024
Over 300 U.S. companies still operate in Russia–and risk being complicit in the Kremlin’s war crimes
Commentary
Over 300 U.S. companies still operate in Russia–and risk being complicit in the Kremlin’s war crimes
By Bennett Freeman and Nataliia PopovychMarch 4, 2024
America’s hopelessness crisis may have less to do with the economy and more to do with Gen Z’s mental health, new survey shows
Commentary
America’s hopelessness crisis may have less to do with the economy and more to do with Gen Z’s mental health, new survey shows
By Clay Routledge and Andrew AbeytaMarch 4, 2024
How recent cyberattacks revealed America’s infrastructure weaknesses
Commentary
How recent cyberattacks revealed America’s infrastructure weaknesses
By Eric NoonanMarch 1, 2024
Inside the Black business boom that’s reshaping America’s economic landscape
Commentary
Inside the Black business boom that’s reshaping America’s economic landscape
By Shaundell NewsomeMarch 1, 2024
  • America should be the eagle, not the ostrich, of the clean energy transition
    Commentary
    America should be the eagle, not the ostrich, of the clean energy transition
    By Ed FarringtonFebruary 15, 2024
‘A third of the Bible has to do with healing the sick’: How a medical oasis sprung up in Memphis to cover the working uninsured
Commentary
‘A third of the Bible has to do with healing the sick’: How a medical oasis sprung up in Memphis to cover the working uninsured
By Carolyn BarberFebruary 29, 2024
I’m a Black woman who quit the State Department over racial gaslighting. Here’s why prestigious workplaces can be toxic for people like me
Commentary
I’m a Black woman who quit the State Department over racial gaslighting. Here’s why prestigious workplaces can be toxic for people like me
By Jenny AbamuFebruary 29, 2024
The ‘Caudillo Syndrome’ is spreading around the world as economic disillusionment pushes voters to bet on populist strongmen
Commentary
The ‘Caudillo Syndrome’ is spreading around the world as economic disillusionment pushes voters to bet on populist strongmen
By Clifford Young and Chris JacksonFebruary 28, 2024
Trump and Biden may be ignoring America’s 130 million nonunion workers–but these voters will be seeking a champion to elect in November
Commentary
Trump and Biden may be ignoring America’s 130 million nonunion workers–but these voters will be seeking a champion to elect in November
By Desirée LeClercqFebruary 28, 2024
Our nation is facing a savings crisis. It will take a unified effort to correct it
Commentary
Our nation is facing a savings crisis. It will take a unified effort to correct it
By Tom Davidson and Ray MartinezFebruary 27, 2024
  • The S&P 500 are running out of ideas–and they can’t keep telling Wall Street that AI will fix all their problems
    Commentary
    The S&P 500 are running out of ideas–and they can’t keep telling Wall Street that AI will fix all their problems
    By John G. SingerFebruary 15, 2024
CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, Jamie Dimon, JPMorgan Chase, Jane Fraser, Citigroup, and Ronald O'Hanley, State Street, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing
Commentary
SIFMA: Proposed Basel III Endgame new trading capital rules would hobble U.S. banks, capital markets, and the broader economy
By Kenneth E. Bentsen, Jr.February 27, 2024
The buzz around DEI’s ‘Great Retreat’ is overblown–and data-backed proof of the opposite abounds
Commentary
The buzz around DEI’s ‘Great Retreat’ is overblown–and data-backed proof of the opposite abounds
By La June Montgomery TabronFebruary 27, 2024
We asked 50,000 citizens in 23 countries what they expect of their government–70% of those in developed nations say theirs is not doing enough to address inflation and the high cost of living
Commentary
We asked 50,000 citizens in 23 countries what they expect of their government–70% of those in developed nations say theirs is not doing enough to address inflation and the high cost of living
By Richard AttiasFebruary 26, 2024
Sustainability policies complicate the WTO’s work–and make it more indispensable than ever
Commentary
Sustainability policies complicate the WTO’s work–and make it more indispensable than ever
By Dan EstyFebruary 26, 2024
DP World CEO: Supply chains are facing multiple challenges. Trade policies and procedures shouldn’t add to them
Commentary
DP World CEO: Supply chains are facing multiple challenges. Trade policies and procedures shouldn’t add to them
By Sultan Ahmed bin SulayemFebruary 26, 2024
De-risking and friendshoring won’t get governments supply chain security. Putting their economic house in order will
Commentary
De-risking and friendshoring won’t get governments supply chain security. Putting their economic house in order will
By Ken HeydonFebruary 24, 2024
A working parent’s review of the Apple Vision Pro
Tech
A working parent’s review of the Apple Vision Pro
By Dave SmithFebruary 24, 2024
A little can go a long way: Here’s why support for business in Ukraine has a leveraged impact
Commentary
A little can go a long way: Here’s why support for business in Ukraine has a leveraged impact
By Scott NathanFebruary 23, 2024
We help Holocaust victims and their heirs recover Nazi-looted art. Here’s how the lessons we’ve learned can help Ukraine reclaim its cultural property stolen by Russia
Commentary
We help Holocaust victims and their heirs recover Nazi-looted art. Here’s how the lessons we’ve learned can help Ukraine reclaim its cultural property stolen by Russia
By Howard N. Spiegler and Lawrence M. KayeFebruary 23, 2024
Global trade is at a critical juncture–and we can’t take it for granted, WTO meeting chair warns
Commentary
Global trade is at a critical juncture–and we can’t take it for granted, WTO meeting chair warns
By Thani Al ZeyoudiFebruary 23, 2024
Ukraine owes it to itself and to the West to stem corruption
Commentary
Ukraine owes it to itself and to the West to stem corruption
By James P. Moore Jr.February 22, 2024
Boeing is shaking up its ‘good ole boys’ culture–but the company still has a long way to go before it gets its production and financials right
Commentary
Boeing is shaking up its ‘good ole boys’ culture–but the company still has a long way to go before it gets its production and financials right
By Jeffrey Sonnenfeld and Steven TianFebruary 22, 2024
The anti-ESG backlash is not just an American phenomenon as Europe waters down its sustainability agenda
Commentary
The anti-ESG backlash is not just an American phenomenon as Europe waters down its sustainability agenda
By Camille FumardFebruary 22, 2024
Millennials and Gen Zers are worried about outliving their savings and are turning to hot-stock tips. But a comprehensive retirement plan drives better outcomes
Commentary
Millennials and Gen Zers are worried about outliving their savings and are turning to hot-stock tips. But a comprehensive retirement plan drives better outcomes
By John SchlifskeFebruary 21, 2024
‘The more extreme ends of the spectrum won’t like us very much’: The ousted cofounder of controversial social app Parler launches new ‘civil conversation’ platform Hedgehog
Commentary
‘The more extreme ends of the spectrum won’t like us very much’: The ousted cofounder of controversial social app Parler launches new ‘civil conversation’ platform Hedgehog
By John MatzeFebruary 21, 2024
Endangered species could help us survive the great American political divide. Here’s why
Commentary
Endangered species could help us survive the great American political divide. Here’s why
By Bill Frist and Jennifer MorrisFebruary 20, 2024
How I worked my way to the top in the 200-year-old, male-dominated cruise industry–and brought other women on board
Commentary
How I worked my way to the top in the 200-year-old, male-dominated cruise industry–and brought other women on board
By Lisa Lutoff-PerloFebruary 20, 2024
Sanofi CEO: AI promises a great era of drug discovery that could fundamentally change medicine–but only if we allow it to deliver
Commentary
Sanofi CEO: AI promises a great era of drug discovery that could fundamentally change medicine–but only if we allow it to deliver
By Paul HudsonFebruary 19, 2024
Why America should be celebrating entrepreneurs, not presidents
Commentary
Why America should be celebrating entrepreneurs, not presidents
By Jonathan Bean and Blaine McCormickFebruary 19, 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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By Joseph HostetlerOctober 6, 2026
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