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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

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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 96 of 100
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Tech
Anthony Scaramucci says his experience with FTX and ‘sociopathic’ founder SBF was ‘extremely disappointing.’ He’s now investing in a company run by a former exec of the imploded exchange
By Chloe TaylorFebruary 7, 2023
  • Ark Invest CEO Cathie Wood
    Finance
    Cathie Wood says FTX’s Sam Bankman-Fried disliked Bitcoin because he ‘couldn’t control it’
    By Steve MollmanDecember 11, 2022
Paper-cut dollar - Growth arrow
Finance
How to invest during the Fed’s plan to raise interest rates and beat inflation
By Lucy BrewsterFebruary 6, 2023
The Fed is all that matters to Wall Street analysts brushing aside disappointing earnings and profit outlook
Finance
The Fed is all that matters to Wall Street analysts brushing aside disappointing earnings and profit outlook
By Elena Popina, Peyton Forte and BloombergFebruary 4, 2023
This NBA star grew up with parents ‘scared to trust people with their money.’ Now, he’s dedicated to make others feel safe investing
Finance
This NBA star grew up with parents ‘scared to trust people with their money.’ Now, he’s dedicated to make others feel safe investing
By Sheryl EstradaFebruary 4, 2023
Woman putting a coin in a golden piggy bank in harsh natural light.
Finance
Want to retire a millionaire? Here is why you should open a Roth IRA–even if you have a 401(k) plan
By Lucy BrewsterFebruary 3, 2023
Pine trees against a blue sky background
Finance
JPMorgan just bought a massive forest to make money—And not just from the timber
By Tristan BoveFebruary 1, 2023
  • The $115 billion thematic ETF boom is still going strong despite a brutal year: ‘We are narrative creatures’
    Finance
    The $115 billion thematic ETF boom is still going strong despite a brutal year: ‘We are narrative creatures’
    By Isabelle Lee and BloombergDecember 10, 2022
‘A soft landing isn’t off the table’: Investors struggle with when to dive back into the U.S. stock market 
Finance
‘A soft landing isn’t off the table’: Investors struggle with when to dive back into the U.S. stock market 
By Jessica Menton and BloombergJanuary 22, 2023
Fund managers’ recession fears are ‘a lot less bearish’ than they were in 2022—but faith in U.S. stocks is collapsing, Bank of America poll finds
Finance
Fund managers’ recession fears are ‘a lot less bearish’ than they were in 2022—but faith in U.S. stocks is collapsing, Bank of America poll finds
By Chloe TaylorJanuary 17, 2023
Stock-market investors expecting smoother sailing ahead after a volatile year have history on their side
Finance
Stock-market investors expecting smoother sailing ahead after a volatile year have history on their side
By Elena Popina, Jess Menton, Bailey Lipschultz and BloombergJanuary 15, 2023
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Finance
Investing was universally horrible in 2022. But there are 5 things we can learn from a truly awful year
By Ben CarlsonJanuary 12, 2023
Fortune Quarterly Investment Guide 2023 Q1
Finance
Where to invest in 2023: 5 surprising strategies for beating the indexes this year
By Shawn TullyJanuary 12, 2023
  • A woman is seen looking at financial charts on her laptop and smartphone.
    Personal Finance
    Here’s where retail investors are planning on putting their money in 2023, according to a big global survey
    By Chloe TaylorDecember 8, 2022
Fortune Quarterly Investment Guide 2023 Q1
Finance
Looking for growth? Look abroad: These 4 countries could put your investments on the fast track
By Chris TaylorJanuary 12, 2023
Mike Wilson, chief U.S. equity strategist at Morgan Stanley, speaks during a Bloomberg Television interview in New York.
Finance
Wall Street’s top strategist Mike Wilson warns investors to brace themselves for stocks to plummet more than 20%
By Chloe TaylorJanuary 11, 2023
Photo of Nassim Nicholas Taleb
Finance
Bitcoin or gold? Beware the ‘malignant tumor,’ says ‘Black Swan’ guru Nassim Nicholas Taleb
By Steve MollmanJanuary 8, 2023
Wall Street optimists defy recession predictions, bet on soft landing delivering market gains
Finance
Wall Street optimists defy recession predictions, bet on soft landing delivering market gains
By Denitsa Tsekova and BloombergJanuary 7, 2023
Why enterprise tech is seen as a safe harbor in 2023
Commentary
Why enterprise tech is seen as a safe harbor in 2023
By Bobby YazdaniJanuary 5, 2023
How will the ultrawealthy ride out the recession? 1,200 investors worth $130 billion have one big strategy—and it’s not playing the stock market
Personal Finance
How will the ultrawealthy ride out the recession? 1,200 investors worth $130 billion have one big strategy—and it’s not playing the stock market
By Chloe TaylorJanuary 3, 2023
Smiling businesswoman leading project meeting in office conference room
Personal Finance
‘Good investing should be boring’: It’s time to go back to the financial basics in 2023
By Alicia AdamczykJanuary 2, 2023
Photo of David Marcus
Finance
The Crypto Winter will last through 2023 and maybe 2024, predicts PayPal and Meta alum David Marcus
By Steve MollmanDecember 31, 2022
Abstract financial growth coloured bar with arrow head moving upwrads still life.
Finance
4 end-of-year investing strategies to set your portfolio up for stronger returns in 2023
By Lucy BrewsterDecember 27, 2022
Former FTX CEO Sam Bankman-Fried
Finance
VC firms are getting stingier with startups. Tribe Capital’s struggles show why
By Lizette Chapman and BloombergDecember 23, 2022
Traders on the stock exchange.
Finance
Investors better buckle up and brace for impact in the first half of 2023, according to JP Morgan and Goldman Sachs
By Sagarika Jaisinghani, John Cheng and BloombergDecember 21, 2022
This year’s IPO drought will see little relief in 2023, with listings ‘to come through in dribs and drabs,’ say bankers
Finance
This year’s IPO drought will see little relief in 2023, with listings ‘to come through in dribs and drabs,’ say bankers
By Julia Fioretti, Swetha Gopinath, Filipe Pacheco and BloombergDecember 18, 2022
Sports stars lending legitimacy to crypto firms raises ethical questions when many fans can’t afford to lose
Finance
Sports stars lending legitimacy to crypto firms raises ethical questions when many fans can’t afford to lose
By Eddie Pells and The Associated PressDecember 17, 2022
Bill Harnisch of Peconic Partners
Finance
Stocks will go nowhere in 2023, predicts Peconic’s Bill Harnisch: ‘We’re very comfortable pulling back now’ 
By Lu Wang and BloombergDecember 17, 2022
Cathie Wood’s ARK Invest is bingeing on Bitcoin, Coinbase, and Tesla even as other investors have fled all three this year
Tech
Cathie Wood’s ARK Invest is bingeing on Bitcoin, Coinbase, and Tesla even as other investors have fled all three this year
By Steve MollmanDecember 16, 2022
Photo of Howard Marks.
Finance
Billionaire Howard Marks says investors have ‘gone from the low-return world of 2009-21 to a full-return world,’ and it’s a ‘sea change’ from the last 40 years
By Alena BotrosDecember 14, 2022
The market outlook for 2023 is uncertain. Here’s why Goldman Sachs thinks you should stay invested
Commentary
The market outlook for 2023 is uncertain. Here’s why Goldman Sachs thinks you should stay invested
By Sara Naison-TarajanoDecember 13, 2022
Ray Dalio and James Cameron sink cash into a company making submarines for the uber-rich
Tech
Ray Dalio and James Cameron sink cash into a company making submarines for the uber-rich
By Chloe TaylorDecember 12, 2022
A news ticker displays economic news in front of Morgan Stanley in the Times Square area of Manhattan
Commentary
Will the U.S. and Europe slide into recession in 2023? Here’s how to look out when economic outlooks don’t
By Philipp Carlsson-Szlezak and Paul SwartzDecember 12, 2022
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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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