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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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News and analysis on the business of the stock market, the latest tech trends, and how the top businesses are doing in the current climate.
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf

As global and regional liquidity tightens, a nascent Gulf secondary market is giving investors, founders, and early backers a new route to monetisation

By Melissa HancockOctober 7, 2026
Saudi’s economic transformation collides with war and falling FDI 
Saudi’s economic transformation collides with war and falling FDI 
By Melissa HancockOctober 7, 2026
Jon Rahm of Spain drops his club on the 13th hole during the first round of the BMW Championship golf tournament in Virginia Water, England.
‘It’s been a very strange year on LIV’: LIV Golf to get $300 million investment to help the circuit emerge from bankruptcy
By Doug Ferguson and The Associated PressOctober 6, 2026
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Current price of Ethereum for October 6, 2026
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A woman trades on her phone in front of a computer with a display of crypto charts.
A $443 million memecoin frenzy dissolves into nothing—Robinhood and Circle are latest to taste the memecoin boom-and-bust cycle
By Camila Grigera NaónOctober 6, 2026
Current price of Bitcoin for Oct. 6, 2026
Current price of Bitcoin for October 6, 2026
By Joseph HostetlerOctober 6, 2026
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Startups & Venture
How SpaceX’s most-feared trading day turned into a 6% rally
By Eva RoytburgAugust 7, 2026
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Singapore’s IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14%
Investing
Singapore’s IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14%
By Angelica AngAugust 6, 2026
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Startups & Venture
SoftBank profits drop 18%, stock falls 4% in Tokyo
By Yuri Kageyama and The Associated PressAugust 6, 2026
Weight-loss drug Wegovy made Novo Nordisk Europe’s most valuable company. Finding its next blockbuster drug is proving difficult 
Europe
Weight-loss drug Wegovy made Novo Nordisk Europe’s most valuable company. Finding its next blockbuster drug is proving difficult 
By Sam ForsdickAugust 6, 2026
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    Personal Finance
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Top CD rates from major banks Aug. 6, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 6, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 6, 2026
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Personal Finance
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Personal Finance
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Commentary
The SEC should ban the products behind South Korea’s recent market meltdown 
By Nic PuckrinAugust 6, 2026
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Commentary
SpaceX created a new class of ultrawealthy. Here’s what comes next
By Anastasia AtamanchukAugust 5, 2026
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    Personal Finance
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    By Joseph HostetlerAugust 4, 2026
Specialist Dilip Patel works on the floor of the New York Stock Exchange.
Investing
Wall Street stays steady at record highs as ‘coiled spring’ releases in August, with talks of deal to reopen Strait of Hormuz
By The Associated Press and Damian J. TroiseAugust 5, 2026
A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon’
Innovation
A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon’
By Eva RoytburgAugust 5, 2026
In its first deal since going public, Italian unicorn Bending Spoons buys Airtable at a $9 billion discount
Startups & Venture
In its first deal since going public, Italian unicorn Bending Spoons buys Airtable at a $9 billion discount
By Catherina GioinoAugust 5, 2026
Photo of a house and a symbol of the stock market
Investing
Locked out of housing, Gen Z and Millennials are building wealth in the stock market instead as they reach record high $3.1 trillion in holdings
By Mia OsmonbekovAugust 5, 2026
Marc Rowan, chief executive officer of Apollo Global Management
Success
Apollo CEO has a $11.1 billion net worth today—but he started out with a series of hospitality jobs, from valet parking to working in a party store
By Emma BurleighAugust 5, 2026
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Asia
Honda doubles profit as motorcycles and a weak yen fuel its post‑EV writedown comeback
By Yuri Kageyama and The Associated PressAugust 5, 2026
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Big Tech
SpaceX races toward Musk’s $1 trillion dream—just as insiders can start selling
By Bernard Condon and The Associated PressAugust 5, 2026
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Arts & Entertainment
Disney boosted by $1 billion at the box office, strong parks performance as international visits slump
By Michelle Chapman and The Associated PressAugust 5, 2026
Top CD rates from major banks Aug. 5, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 5, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 5, 2026
Current price of Ethereum for Aug. 6, 2026
Personal Finance
Current price of Ethereum for August 5, 2026
By Joseph HostetlerAugust 5, 2026
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Personal Finance
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Bill Ackman, unfiltered: The billionaire hedge fund founder’s take on AI, investing, and why socialism is a ‘disaster’
C-Suite
Bill Ackman, unfiltered: The billionaire hedge fund founder’s take on AI, investing, and why socialism is a ‘disaster’
By Fortune EditorsAugust 5, 2026
From Pochettino to MLS, the giants of American finance keep making big promises about the future of U.S. soccer
C-Suite
From Pochettino to MLS, the giants of American finance keep making big promises about the future of U.S. soccer
By Catherina GioinoAugust 4, 2026
Dinari cofounders Chas Rampenthal, Gabriel Otte, and Brandon Ooi stand side by side smiling at the camera.
Crypto
Exclusive: Dinari, founded by Stripe and Apple alums, partners with Circle to offer tokenized stocks to U.S. investors
By Camila Grigera NaónAugust 4, 2026
Photo of a trader and a screen showing stocks rallying
Investing
Global shares rally, oil rebounds as Iran war de-escalation, yen intervention worries ease
By The Associated Press and Yuri KageyamaAugust 4, 2026
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Investing
Toyota sold fewer cars but nearly doubled profit on cheap yen
By Yuri Kageyama and The Associated PressAugust 4, 2026
from right to left: Javi Palafox, Pablo Palafox, and Luis Paarup stand and smile
Newsletters
HappyRobot is worth $1.2 billion. Its founder says it’s just ‘getting started’
By Lily Mae LazarusAugust 4, 2026
Portrait of Knut Wicksell (1851-1926) Swedish economist. Dated 20th Century. (Photo by Universal History Archive/Universal Images Group via Getty Images)
Economy
A forgotten Swedish economist’s 130-year-old theory explains why investors won’t quit funding America’s near-$40 trillion pile of debt
By Eleanor PringleAugust 4, 2026
Could a UN-backed plan to reopen Hormuz break the deadlock? 
Newsletters
Could a UN-backed plan to reopen Hormuz break the deadlock? 
By Melissa HancockAugust 4, 2026
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Most Popular
Law
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
Success
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
Personal Finance
Current price of oil as of October 6, 2026placeholder alt text
By Joseph HostetlerOctober 6, 2026
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