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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
Current price of Ethereum for Oct. 6, 2026
Current price of Ethereum for October 6, 2026
By Joseph HostetlerOctober 6, 2026
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
Latest stories from Fortune
More InvestingPage 90 of 100
Silicon Valley pioneer Vinod Khosla says VCs need to make riskier climate tech investments
Tech
Silicon Valley pioneer Vinod Khosla says VCs need to make riskier climate tech investments
By Rachyl JonesSeptember 28, 2023
  • A young man looking stressed sitting alone in front of laptop.
    Personal Finance
    Gen Z’s FOMO is driving them to trade more than any other generation. Are they securing their future—or driving themselves to ruin?
    By Paige HagyAugust 26, 2023
Goldman Sachs ex-employee tipped friends to deals, allege federal prosecutors in latest insider trading case linked to Wall Street giant
Finance
Goldman Sachs ex-employee tipped friends to deals, allege federal prosecutors in latest insider trading case linked to Wall Street giant
By Austin Weinstein, Sridhar Natarajan and BloombergSeptember 28, 2023
Retail investors aren’t listening to Wall Street doom mongers. They’re bullish on stocks—but they may be getting it all wrong
Finance
Retail investors aren’t listening to Wall Street doom mongers. They’re bullish on stocks—but they may be getting it all wrong
By Chloe TaylorSeptember 28, 2023
Bill Ackman’s return-to-office stance is strictly 5 days a week—but allows for 2 months to go wild with remote work
Success
Bill Ackman’s return-to-office stance is strictly 5 days a week—but allows for 2 months to go wild with remote work
By Steve MollmanSeptember 23, 2023
Elon Musk is a ‘wonderful propagandist’ who generated money ‘out of thin air’ to make Tesla succeed, says billionaire investor Jeremy Grantham
Tech
Elon Musk is a ‘wonderful propagandist’ who generated money ‘out of thin air’ to make Tesla succeed, says billionaire investor Jeremy Grantham
By Steve MollmanSeptember 22, 2023
Cathie Wood steered clear of Arm IPO frenzy because there was ‘too much emphasis on AI’
Finance
Cathie Wood steered clear of Arm IPO frenzy because there was ‘too much emphasis on AI’
By Chloe TaylorSeptember 20, 2023
  • Nvidia CEO Jensen Huang
    Tech
    Nvidia earnings hailed as historic moment for tech, but some warn A.I. is reaching fever pitch—‘this level of hype is dangerous’
    By Chloe TaylorAugust 24, 2023
The U.S. Capitol is shown June 5, 2003 in Washington, DC.
Finance
Ex-Congressman who led Clinton’s impeachment trial is sentenced to 2 years in jail for insider trading: ‘He abused positions of trust’
By Chloe TaylorSeptember 20, 2023
Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City.
Tech
Billionaire investor Ray Dalio says the AI transformation could create a 3-day workweek. We’re ‘going through a time warp’
By Chloe TaylorSeptember 18, 2023
Walmart and Kroger are betting on a bankruptcy-hit indoor farming industry that many consider unsustainable
Finance
Walmart and Kroger are betting on a bankruptcy-hit indoor farming industry that many consider unsustainable
By Melina Walling, Kendria LaFleur and The Associated PressSeptember 17, 2023
The winner of the $2 billion Powerball jackpot has been buying fancy homes around Los Angeles
Personal Finance
The winner of the $2 billion Powerball jackpot has been buying fancy homes around Los Angeles
By Steve MollmanSeptember 16, 2023
Big part of stock market unconvinced economy is going anywhere: ‘Weakness underneath the hood’
Finance
Big part of stock market unconvinced economy is going anywhere: ‘Weakness underneath the hood’
By Isabelle Lee, Vildana Hajric and BloombergSeptember 15, 2023
  • Senior couple using laptop at home
    Personal Finance
    Boomers have a new retirement strategy: Buy the dip
    By Alicia AdamczykAugust 23, 2023
Investors are suddenly feeling bullish about the stock market again–but that doesn’t mean you should start shorting it
Commentary
Investors are suddenly feeling bullish about the stock market again–but that doesn’t mean you should start shorting it
By Michael JosephSeptember 14, 2023
Bill Ackman, chief executive officer of Pershing Square Capital Management LP, speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, Nov. 1, 2017.
Finance
Hedge fund billionaire Bill Ackman lays down his investing ‘commandments’
By Eleanor PringleSeptember 11, 2023
Short-sellers reap $13 billion betting against small caps as A.I. enthusiasm creates ‘top-down set of winners’
Finance
Short-sellers reap $13 billion betting against small caps as A.I. enthusiasm creates ‘top-down set of winners’
By Carmen Reinicke, Alexandra Semenova and BloombergSeptember 10, 2023
Retail investors played ‘the greater fool’ when VinFast shares plunged after 504% rally 
Finance
Retail investors played ‘the greater fool’ when VinFast shares plunged after 504% rally 
By Bailey Lipschultz and BloombergSeptember 9, 2023
Marc Andreessen calls Elon Musk the ‘paramount example’ of an entrepreneur who ‘can’t turn it off’ 
Success
Marc Andreessen calls Elon Musk the ‘paramount example’ of an entrepreneur who ‘can’t turn it off’ 
By Steve MollmanSeptember 8, 2023
SoftBank places big bet autonomous trucks will ‘fundamentally change’ supply chains
Tech
SoftBank places big bet autonomous trucks will ‘fundamentally change’ supply chains
By Keith Naughton, David Welch and BloombergSeptember 7, 2023
According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion
Finance
According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion
By Shawn TullySeptember 6, 2023
Microsoft founder Bill Gates visits Imperial College London on February 15, 2023.
Success
The Bill Gates Foundation Trust is backing Bud Light: It’s betting nearly $100 million on embattled AB InBev
By Chloe TaylorSeptember 6, 2023
Cathie Wood’s flagship ARK fund has rebounded this year—but only 4 of its 27 holdings are profitable
Finance
Cathie Wood’s flagship ARK fund has rebounded this year—but only 4 of its 27 holdings are profitable
By Shawn TullySeptember 6, 2023
JPMorgan Chase signage displayed on the floor of the New York Stock Exchange.
Finance
JPMorgan analysts worry U.S. investors have gotten so confident about a soft landing they won’t be able to handle bad news: ‘There is no more safety net’
By Farah Elbahrawy and BloombergSeptember 4, 2023
Bali-loving foreigners can now get an Indonesian golden visa: ‘We are targeting quality investors’
Investing
Bali-loving foreigners can now get an Indonesian golden visa: ‘We are targeting quality investors’
By Eko Listiyorini and BloombergSeptember 3, 2023
SoftBank lines up Apple, Nvidia, Intel as strategic investors for Arm IPO as chipmaker rides A.I. wave
Finance
SoftBank lines up Apple, Nvidia, Intel as strategic investors for Arm IPO as chipmaker rides A.I. wave
By Amy Or, Ian King, Liana Baker and BloombergSeptember 2, 2023
Photo illustration of Chase Coleman, founder of Tiger Global Management LL, surrounded by five tigers.
Finance
How Tiger Global, one of the biggest backers of startups over the past decade, fell to earth
By Jessica Mathews and Anne SradersSeptember 2, 2023
After tussle, Robinhood buys back over $600 million of stock that Sam Bankman-Fried once owned: ‘There was no certainty’
Finance
After tussle, Robinhood buys back over $600 million of stock that Sam Bankman-Fried once owned: ‘There was no certainty’
By Yueqi Yang and BloombergSeptember 1, 2023
Kylie Jenner doesn’t like how Kylie Cosmetics has been managed and wants to buy back control of the brand she sold for $600 million
Finance
Kylie Jenner doesn’t like how Kylie Cosmetics has been managed and wants to buy back control of the brand she sold for $600 million
By Kim Bhasin, Jeannette Neumann, Crystal Tse and BloombergAugust 31, 2023
Women basketball players are ‘more at risk’ of injuries because of shoes not really designed for them. A Mark Cuban–backed startup aims to fix that
Retail
Women basketball players are ‘more at risk’ of injuries because of shoes not really designed for them. A Mark Cuban–backed startup aims to fix that
By Randall Williams, Vanessa Perdomo and BloombergAugust 31, 2023
Warren Buffett
Success
From ‘swimming naked’ to the ‘manic-depressive’ market to the billionaires whose inner jerk came out, here are Warren Buffett’s best quotes from the past 93 years
By Jane ThierAugust 30, 2023
Silicon Valley elites want to build a new city outside San Francisco—and have invested nearly $1 billion into a project acquiring land
Tech
Silicon Valley elites want to build a new city outside San Francisco—and have invested nearly $1 billion into a project acquiring land
By Karen Breslau, Tom Giles and BloombergAugust 26, 2023
Billionaire Ray Dalio says India’s moon landing is another sign of its ‘ascendance’—and predicts stellar growth for its economy  
Investing
Billionaire Ray Dalio says India’s moon landing is another sign of its ‘ascendance’—and predicts stellar growth for its economy  
By Steve MollmanAugust 26, 2023
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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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