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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

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Saudi’s economic transformation collides with war and falling FDI 
Saudi’s economic transformation collides with war and falling FDI 
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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
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Current price of Ethereum for Oct. 6, 2026
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.
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Current price of Bitcoin for October 6, 2026
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Jeff Bezos’ Blue Origin is boosting employee pay to compete with SpaceX—but an advisor warns of ‘golden handcuffs’
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Jeff Bezos’ Blue Origin is boosting employee pay to compete with SpaceX—but an advisor warns of ‘golden handcuffs’
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Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
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Kalshi hits pause on flight cancellation contracts
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Kalshi hits pause on flight cancellation contracts
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The global rich like Peter Thiel are eyeing the exit door. Argentina wants to be a ‘serious contender’ in the migration game
Investing
The global rich like Peter Thiel are eyeing the exit door. Argentina wants to be a ‘serious contender’ in the migration game
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Pascal cofounders Matthew Downey (left) and Ivo Crnkovic-Rubsamen (right) stand side by side against a brick wall.
Crypto
Exclusive: Prediction market startup Pascal raises $9 million to challenge heavyweights Kalshi and Polymarket
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Startups & Venture
Exclusive: Marc Lore says Wonder is gearing up for an IPO after raising $650 million at a $9 billion valuation
By Lily Mae LazarusJuly 16, 2026
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North America
Taiwan’s chip superpower just pledged another $100 billion to help the U.S. get its act together
By Chan Ho-Him and The Associated PressJuly 16, 2026
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Current price of Ethereum for July 16, 2026
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Big Tech
‘We did not adapt and move quickly enough’: IBM CEO’s admission of weakness fails to prevent historic 25% stock crash
By Tatiana SatauaJuly 15, 2026
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AI
Why IBM just suffered its worst stock crash of all time—and what it says about the market’s two bubbles
By Nick LichtenbergJuly 15, 2026
Cantor Fitzgerald eyes blockchain-based IPO shares in new tie-up with Securitize
Crypto
Cantor Fitzgerald eyes blockchain-based IPO shares in new tie-up with Securitize
By Jeff John RobertsJuly 15, 2026
UCSF medical center
Startups & Venture
Kleiner Perkins, John Doerr, and UCSF Health think healthcare AI has been built all wrong
By Lily Mae LazarusJuly 15, 2026
Salar al Khafaji stands while Sebastiaan Visser sits on a stool in front of a robotics warehouse
Innovation
He sold his last company to Palantir. Now he’s betting $32 million that robots can fix construction’s labor crisis
By Lily Mae LazarusJuly 15, 2026
Top CD rates from major banks July 15, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on July 15, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
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A younger man and an older man sit next to each other on a couch, looking down at a cell phone.
Banking
The $124 trillion Great Wealth Transfer is more than just cash: More U.S. businesses are now being inherited than bought, BofA finds
By Sasha RogelbergJuly 15, 2026
Man speaks into a microphobe
Investing
An SEC email address mix-up is causing confusion and threatening to disrupt its proposal to scrap quarterly reporting requirements
By Amanda GerutJuly 14, 2026
Taco Bell pulls some items as parasite outbreak spreads
Retail
Taco Bell pulls some items as parasite outbreak spreads
By Daniela Sirtori, Lily Meier, Erinn Gardner and BloombergJuly 14, 2026
‘Those who condemn AI are themselves spitting upward’: SoftBank’s CEO estimates $5 trillion needed annually to meet AI demand
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‘Those who condemn AI are themselves spitting upward’: SoftBank’s CEO estimates $5 trillion needed annually to meet AI demand
By The Associated Press and Mayuko OnoJuly 14, 2026
Goldman economist offers a reality check on AI adoption: it took 15 years for computers to really show up in the data
AI
Goldman economist offers a reality check on AI adoption: it took 15 years for computers to really show up in the data
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‘He found their weakness. It might have been sex. It might be power’: Warren Buffett stunned by Epstein pull as he snubs Gates Foundation
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SpaceX and Amazon look like tech twins—but their financials tell a very different story
Big Tech
SpaceX and Amazon look like tech twins—but their financials tell a very different story
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Bahrain EDB bids to win investors despite mounting headwinds 
Newsletters
Bahrain EDB bids to win investors despite mounting headwinds 
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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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