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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
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More InvestingPage 91 of 100
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
  • Dollar bears see ‘multi-year downtrend’ ahead for world’s primary reserve currency—with major ripple effects
    Finance
    Dollar bears see ‘multi-year downtrend’ ahead for world’s primary reserve currency—with major ripple effects
    By Alice Atkins, Carter Johnson and BloombergJuly 16, 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
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Personal Finance
Boomers have a new retirement strategy: Buy the dip
By Alicia AdamczykAugust 23, 2023
We built Colombia’s largest coffee company with money from individual investors. Our story shows what’s possible in a post-VC world
Commentary
We built Colombia’s largest coffee company with money from individual investors. Our story shows what’s possible in a post-VC world
By Cole Shephard and Adam JasonAugust 22, 2023
Photo of Chris Miller next to his truck on a trip
Personal Finance
An early retiree who travels the country in his RV built wealth the old-fashioned way to join the FIRE movement: ‘I saved my pennies and invested wisely’
By Alicia AdamczykAugust 20, 2023
Mark Cuban
Tech
Mark Cuban rejected an offer to make a $250,000 investment in Uber that’d now be worth $2.3 billion
By Steve MollmanAugust 19, 2023
  • Oil surge to $80 suggests ‘stars are aligning’ for crude price rally that would endanger global economy
    Finance
    Oil surge to $80 suggests ‘stars are aligning’ for crude price rally that would endanger global economy
    By Grant Smith and BloombergJuly 16, 2023
Why is the stock market reeling? The Fed is now risking an unnecessary crash landing, according to a noted economist
Finance
Why is the stock market reeling? The Fed is now risking an unnecessary crash landing, according to a noted economist
By Shawn TullyAugust 18, 2023
Senior couple enjoying sunset by the sea
Personal Finance
401(k) millionaires are on the rise after taking a hit last year. Boomers are leading the way
By Alicia AdamczykAugust 17, 2023
The world’s biggest single investor in the stock market returned $143 billion in the first half of the year thanks to A.I. and tech
Finance
The world’s biggest single investor in the stock market returned $143 billion in the first half of the year thanks to A.I. and tech
By Chloe TaylorAugust 16, 2023
Stockpiling, private debt, foreign funding: Mid-sized companies are finding money where they can as inflation and interest rates bite
Commentary
Stockpiling, private debt, foreign funding: Mid-sized companies are finding money where they can as inflation and interest rates bite
By Tasnim GhiawadwalaAugust 15, 2023
All boomers need to feel ‘wealthy’ is financial security. The bar is way higher for Gen Z
Personal Finance
All boomers need to feel ‘wealthy’ is financial security. The bar is way higher for Gen Z
By Jane ThierAugust 13, 2023
  • Coinbase, Robinhood, Bitcoin miners surge as Ripple ruling bodes well for crypto plays: ‘This is a positive read-through’
    Tech
    Coinbase, Robinhood, Bitcoin miners surge as Ripple ruling bodes well for crypto plays: ‘This is a positive read-through’
    By Carmen Reinicke and BloombergJuly 15, 2023
As SoftBank sues IRL for $150 million after startup admitted 95% of its users were fake, VCs stress ‘uncomfortable’ due diligence
Tech
As SoftBank sues IRL for $150 million after startup admitted 95% of its users were fake, VCs stress ‘uncomfortable’ due diligence
By Steve MollmanAugust 12, 2023
Country Garden just confirmed the ‘worst fears’ about China’s property market
Economy
Country Garden just confirmed the ‘worst fears’ about China’s property market
By Pearl Liu and BloombergAugust 12, 2023
WeWork’s sudden meme-stock status is ‘not at all rational’ but shares have surged since its solvency warning
Finance
WeWork’s sudden meme-stock status is ‘not at all rational’ but shares have surged since its solvency warning
By Norah Mulinda and BloombergAugust 10, 2023
Mike Wilson speaks during a Bloomberg Television interview in New York, U.S., on Tuesday, Aug. 22, 2017.
Finance
Wall Street’s top strategist warns ‘excessive’ government spending could be fueling a ‘boom-bust’ scenario in the stock market
By Chloe TaylorAugust 8, 2023
Amin Nasser, President and CEO of Saudi Aramco, speaks during a press conference in the eastern Saudi Arabian region of Dhahran on November 3, 2019.
Finance
The world’s third-biggest company just saw its profits plummet 38%—but still paid shareholders $19.5 billion in dividends
By Chloe TaylorAugust 7, 2023
Warren Buffett is trying to tell us something about the economy with Berkshire Hathaway’s earnings and the $147 billion of cash on hand
Finance
Warren Buffett is trying to tell us something about the economy with Berkshire Hathaway’s earnings and the $147 billion of cash on hand
By Steve MollmanAugust 6, 2023
Berkshire Hathaway profits rise as cash pile nears $150 billion. Now Warren Buffett has to figure out what to do with all that money
Finance
Berkshire Hathaway profits rise as cash pile nears $150 billion. Now Warren Buffett has to figure out what to do with all that money
By Max Reyes and BloombergAugust 5, 2023
Carl Icahn calls short-seller report ‘misleading’ as his firm halves dividend—and his wealth falls another $2.7 billion
Finance
Carl Icahn calls short-seller report ‘misleading’ as his firm halves dividend—and his wealth falls another $2.7 billion
By Devon Pendleton and BloombergAugust 4, 2023
Bill Ackman speaks during the WSJ D.Live global technology conference in Laguna Beach, California, on Tuesday, Oct. 17, 2017.
Finance
Billionaire investor Bill Ackman says he’s shorting this one asset
By Chloe TaylorAugust 3, 2023
Tupperware has warned it may go bust, but memestock traders have sent its shares soaring 800% anyway
Retail
Tupperware has warned it may go bust, but memestock traders have sent its shares soaring 800% anyway
By Bailey Lipschultz and BloombergAugust 1, 2023
More and more workers feel ‘off track’ saving for retirement—and Gen Z is the most worried
Personal Finance
More and more workers feel ‘off track’ saving for retirement—and Gen Z is the most worried
By Alicia AdamczykJuly 26, 2023
It took 30 years for climate tech investments to pay off. Now they’re best placed to survive the VC winter
Commentary
It took 30 years for climate tech investments to pay off. Now they’re best placed to survive the VC winter
By Michael SonnenfeldtJuly 26, 2023
Joe Lewis in the stands at Tottenham Hotspur F.C.
Finance
Billionaire soccer club owner indicted in New York for allegedly ‘showering gifts on his friends and lovers’ via a ‘brazen insider trading scheme’
By Chloe TaylorJuly 26, 2023
Commercial real estate expert calls vacant office space ‘staggering,’ warns ‘we’ve never gone through something as tumultuous as this’
Finance
Commercial real estate expert calls vacant office space ‘staggering,’ warns ‘we’ve never gone through something as tumultuous as this’
By Michael P. Regan and BloombergJuly 22, 2023
As renewable-energy demand soars amid extreme heat, rising costs are making offshore wind projects so expensive that ‘it doesn’t make sense to continue’
Environment
As renewable-energy demand soars amid extreme heat, rising costs are making offshore wind projects so expensive that ‘it doesn’t make sense to continue’
By Will Mathis and BloombergJuly 22, 2023
Stability AI cofounder sold stake now worth over $500 million for $100—after being deceived, says lawsuit
Tech
Stability AI cofounder sold stake now worth over $500 million for $100—after being deceived, says lawsuit
By Steve MollmanJuly 21, 2023
Photo illustration of a human hand taking a stack of money from a robotic hand that represent artificial intelligence.
Finance
Banks have used A.I. for decades—but now it’s going to take off like never before
By Ben WeissJuly 21, 2023
Demand for urban real estate will be challenged for the rest of the decade. Here’s how the world’s superstar cities are projected to fare by 2030
Commentary
Demand for urban real estate will be challenged for the rest of the decade. Here’s how the world’s superstar cities are projected to fare by 2030
By Jan Mischke, Olivia White and Aditya SanghviJuly 20, 2023
Americans’ 401(k)s got slammed last year, Vanguard reveals—along with how much more money boomers have in the bank than everyone else
Personal Finance
Americans’ 401(k)s got slammed last year, Vanguard reveals—along with how much more money boomers have in the bank than everyone else
By Alicia AdamczykJuly 19, 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
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Current price of oil as of October 6, 2026placeholder alt text
By Joseph HostetlerOctober 6, 2026
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