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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 93 of 100
Debt-ceiling deal wildly profitable for mystery trader, raising suspicions of insider trading
Politics
Debt-ceiling deal wildly profitable for mystery trader, raising suspicions of insider trading
By Austin Weinstein, Geoffrey Morgan and BloombergJune 4, 2023
  • Bitcoin could hit $100,000 if history is a guide following winning streak
    Finance
    Bitcoin could hit $100,000 if history is a guide following winning streak
    By Akshay Chinchalkar and BloombergApril 30, 2023
Tesla CEO Elon Musk on blue and yellow background.
Finance
Elon Musk convinced pals Marc Andreessen, Changpeng Zhao and Prince Al Waleed to invest in Twitter. They’re down 67%, according to a new Fidelity filing
By Shawn TullyJune 2, 2023
The pickleball gold rush is in full swing as everyone from Lebron James to Eva Longoria gets in on the action
Lifestyle
The pickleball gold rush is in full swing as everyone from Lebron James to Eva Longoria gets in on the action
By Randall Williams and BloombergJune 1, 2023
Kyle Samani, Fred Ehrsam and Chris-Dixon.
Companies
‘Token projects have to eat that sh*t every day’: Crypto VCs face a harsh reality in the bear market
By Leo Schwartz and Anne SradersJune 1, 2023
Bettors look to make money at a race track
Personal Finance
Getting rich is ‘surprisingly simple’ if you follow a 3-step strategy, says an expert on self-made wealth
By Jane ThierMay 30, 2023
Nvidia stock soars to join the ‘Trillion-Dollar Club’—a group that until now has only ever had 6 members
Finance
Nvidia stock soars to join the ‘Trillion-Dollar Club’—a group that until now has only ever had 6 members
By Shawn TullyMay 30, 2023
  • Charlie Munger warns of ‘trouble’ for banks amid ‘a lot of agony’ for commercial real estate
    Finance
    Charlie Munger warns of ‘trouble’ for banks amid ‘a lot of agony’ for commercial real estate
    By Steve MollmanApril 30, 2023
Cathie Wood says ARK dumped Nvidia shares before 160% surge because it’s ‘just pivoting’ to other A.I. plays
Finance
Cathie Wood says ARK dumped Nvidia shares before 160% surge because it’s ‘just pivoting’ to other A.I. plays
By Carly Wanna, Caroline Hyde and BloombergMay 26, 2023
Nvidia stock gained $184 billion in a day, vaulting it far past Tesla. But a top analyst now calls it ‘priced for fantasy.’
Finance
Nvidia stock gained $184 billion in a day, vaulting it far past Tesla. But a top analyst now calls it ‘priced for fantasy.’
By Shawn TullyMay 25, 2023
Digital generated image of purple looped twisted shape against purple background.
The Coins
What is looping, the high-risk strategy producing 60% yields for crypto traders?
By Ben WeissMay 25, 2023
Couple calculating bills at home using tablet and calculator.
Finance
The most predicted recession ever maybe won’t happen. Get ready for the ‘asset class recession’
By Tristan BoveMay 24, 2023
Mike Wilson
Finance
Don’t be fooled by the S&P 500 rally, says Wall Street’s top strategist Mike Wilson
By Chloe TaylorMay 22, 2023
  • If U.S. defaults on debt Bitcoin could rise nearly 70%, says Standard Chartered analyst
    Tech
    If U.S. defaults on debt Bitcoin could rise nearly 70%, says Standard Chartered analyst
    By Steve MollmanApril 29, 2023
Paul Graham explains the one quality startup founders need—and most people lack
Success
Paul Graham explains the one quality startup founders need—and most people lack
By Steve MollmanMay 20, 2023
Warren Buffett, Wall Street banks help fuel $518 billion rally in Japan stocks as recession fears plague U.S.
Investing
Warren Buffett, Wall Street banks help fuel $518 billion rally in Japan stocks as recession fears plague U.S.
By Ishika Mookerjee, Winnie Hsu, Elena Popina and BloombergMay 20, 2023
Carl Icahn bet on America to fail. Instead he lost $9 billion
Finance
Carl Icahn bet on America to fail. Instead he lost $9 billion
By Tristan BoveMay 19, 2023
Carl Icahn
Commentary
Carl Icahn’s activist play plays into the hands of Lina Khan and EU regulators
By Mark S. HerrMay 19, 2023
Morgan Stanley's chief U.S. equity strategist Mike Wilson.
Finance
Brace yourself: Wall Street’s top strategist warns stock market is headed for turbulence until debt ceiling is dealt with
By Eleanor PringleMay 16, 2023
Warren Buffet smiling
Finance
Warren Buffett’s top 5 dividend paying stocks that will help him make nearly $6 billion in cash this year
By Lucy BrewsterMay 15, 2023
Sam Altman is plowing ahead with nuclear fusion and his eye-scanning crypto venture—and, oh yeah, OpenAI
Tech
Sam Altman is plowing ahead with nuclear fusion and his eye-scanning crypto venture—and, oh yeah, OpenAI
By Steve MollmanMay 14, 2023
Debt-limit standoff? Stock traders don’t seem to care
Finance
Debt-limit standoff? Stock traders don’t seem to care
By Elena Popina, Jessica Menton, Alexandra Semenova and BloombergMay 13, 2023
A.I. will change ‘any professional informational task’ in 2-5 years, says Reid Hoffman
Tech
A.I. will change ‘any professional informational task’ in 2-5 years, says Reid Hoffman
By Steve MollmanMay 11, 2023
A phone screen with OpenAI's logo in front of a large monitor displaying financial data
Finance
A.I. will be ‘revolutionary’ for investing but won’t replace humans anytime soon, Morgan Stanley survey finds
By Tristan BoveMay 11, 2023
Companies don’t know how to measure their human capital other than as a labor cost–and it’s hurting profits
Commentary
Companies don’t know how to measure their human capital other than as a labor cost–and it’s hurting profits
By Ulrich Atz and Tensie WhelanMay 10, 2023
Warren Buffett is anxious about doing business in Taiwan, saying he would ‘feel better’ about dealings in Japan
Finance
Warren Buffett is anxious about doing business in Taiwan, saying he would ‘feel better’ about dealings in Japan
By Tristan BoveMay 8, 2023
A picture of Warren Buffett and Charlie Munger sitting side-by-side
Success
Life according to Warren Buffett and Charlie Munger: Write your own obituary and avoid toxic people
By Prarthana PrakashMay 8, 2023
Now we know why Warren Buffett has steered clear of Tesla, to Elon Musk’s chagrin
Finance
Now we know why Warren Buffett has steered clear of Tesla, to Elon Musk’s chagrin
By Steve MollmanMay 7, 2023
A Pacific Western Bank sign is seen on May 4, 2023 in Los Angeles
Finance
Bank shares nearing crisis-era threshold sparks alarm: ‘You can’t have a bull market if bank stocks are falling’
By Jessica Menton, Elena Popina, Bre Bradham and BloombergMay 7, 2023
Tesla CEO Elon Musk.
Success
Warren Buffett is full of praise for Elon Musk ‘solving the impossible,’ but says he and Charlie Munger look for ‘the easy job’
By Steve MollmanMay 7, 2023
Warren Buffett, CEO of Berkshire Hathaway
Tech
Warren Buffett likens unleashing of A.I. to that of atomic bomb: ‘We won’t be able to un-invent it’ 
By Steve MollmanMay 6, 2023
Warren Buffett’s Berkshire Hathaway reports solid rise in earnings after Geico finally swings to profitability
Finance
Warren Buffett’s Berkshire Hathaway reports solid rise in earnings after Geico finally swings to profitability
By Max Reyes and BloombergMay 6, 2023
Chairman of the Milken Institute, Michael Milken attends the 2023 Milken Institute Global Conference at The Beverly Hilton on May 02, 2023 in Beverly Hills, California.
Finance
One of Wall Street’s top investors says banks forgot ‘Finance 101’ and made the same investing mistake that has caused crises for decades
By Chloe TaylorMay 3, 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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