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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

3

Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

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

Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses
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Gold bars
Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

Rush will give up 298 gold bars, Palm Beach and Jupiter Island real estate, 35 watches, two BMW Alpinas and about $40 million in cash.

By Catherina GioinoOctober 6, 2026
He manages one of the most successful soccer clubs in the world and is the elite leader every CEO wants to talk to. So why has Mikel Arteta decided to go public on having his own DNA mapped? 
He manages one of the most successful soccer clubs in the world and is the elite leader every CEO wants to talk to. So why has Mikel Arteta decided to go public on having his own DNA mapped? 
By Kamal AhmedOctober 6, 2026
Photo of Donald Trump in Dublin
OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’
By Emily ForliniOctober 6, 2026
How does debt relief work? Costs, risks, and what to expect
How does debt relief work? Costs, risks, and what to expect
By Glen Luke FlanaganOctober 6, 2026
ads
Researchers tracked $80 million in political ads using AI—and Republicans were behind 83% of them
By Travis N. Ridout, Erika Franklin Fowler, Michael Franz and The ConversationOctober 6, 2026
Futurist Amy Webb speaking at the Fortune AIQ Summit.
Finding value from AI in big companies comes down to people, not technology
By Jeremy KahnOctober 6, 2026
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Patagonia CEO Ryan Gellert speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California.
Patagonia’s CEO is worried about political apathy—so the company offered 112,000 people $100 to help 3 friends plan to vote

The $11.2 million incentive disappeared in four days. Researchers say a friend’s nudge could help turn environmental concern into votes.

By Tatiana SatauaOctober 6, 2026
Taiwan opens Phoenix office as $265 billion chip investment in Arizona grows, over China’s objections

Taiwan is turning Phoenix into a bigger hub for its chip industry with a new office and TSMC’s investments

By The Associated Press, Wufei Yu and Didi TangOctober 6, 2026
After housing protests turned violent, Spain will tax seasonal rentals to build a 10 billion euro fund into first-home loans

Spain passed 21 housing measures after tends of thousands protested the country’s housing affordability crisis and ahead of snap elections

By The Associated Press and TERESA MEDRANOOctober 6, 2026
Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

Clayton Iley pitched a fake Defense Department loan program and used victims’ identities to fund 90-plus collector vehicles, prosecutors say.

By Catherina GioinoOctober 5, 2026
More in News
North America
More in North America
Mulambo Hamakuni Haimbe, Minister for Foreign Affairs of Zambia, speaks during the 81st session of the United Nations General Assembly at United Nations headquarters.
Zambia to sign revised U.S. health deal without patient data and specimen-sharing clauses

The U.S. has signed new bilateral health agreements with around two dozen African nations since last year, but some have pushed back on requirements to provide patient data.

By The Associated Press, Gerald Imray and Jacob ZimbaOctober 6, 2026
Current price of oil as of October 6, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

By Joseph HostetlerOctober 6, 2026
Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

Younger donors give to more causes than their parents—but only 47% of the wealthy think they’re ready.

By Sydney LakeOctober 6, 2026
Redfin signals a shift in power to buyers as a record share of sellers cut prices for this time of year—but 7% mortgage rates are a problem

Home price cuts just hit a September record. But with mortgage rates above 7%, it’s a buyer’s market only for some.

By Bilin LinOctober 6, 2026
More in North America
Asia
More in Asia
The Future 120—How vital firms stay forever young
The Future 120—How vital firms stay forever young

For the ranking, we analyzed more than 10 million data points and zeroed in on the 15 most predictive metrics, each robust and correlated with future revenue growth, to produce BCG’s Vitality Score.

By Ketil Gjerstad, Johann Harnoss, Viacheslav Romanov and Sophie ThorupOctober 6, 2026
OKX debuts a platform that turns 50 currencies into digital dollars, betting emerging-market investors want stablecoins

“The key gap for people and institutions is settlement,” Haider Rafique, OKX’s global managing partner, tells Fortune.

By Nicholas GordonOctober 5, 2026
Beyond the boardroom: Asia’s 10 influential women to watch in 2026

Power in Asia extends well beyond the C-suite.

By Ashleigh NghiemOctober 5, 2026
Hungary hauls ex-foreign minister in to explain how he got a top job at BYD months after arranging government contracts

Péter Szijjártó faced lawmakers over BYD dealings after helping secure its first European plant and $63.7 million in state assistance

By The Associated Press and Justin SpikeOctober 5, 2026
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Global
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‘AI Snake Oil’ author sees chatbots evolving into a ‘truth oracle’—and journalism heading somewhere it hasn’t been in 200 years

Princeton’s Arvind Narayanan asked the Computation + Journalism conference to prepare for AI “not as it is today, but as it will be” in five to 10 years.

By Nick LichtenbergOctober 6, 2026
‘It’s been a very strange year on LIV’: LIV Golf to get $300 million investment to help the circuit emerge from bankruptcy

The financing by funds advised on the BC Partners Credit platform requires bankruptcy court approval.

By Doug Ferguson and The Associated PressOctober 6, 2026
Gen Z’s new American Dream: Skip the mortgage, book the flight

Young Americans are trading square footage, new cars, and even moving out for plane tickets, even as airfares jump more than 20%.

By Bilin LinOctober 6, 2026
As AI reshapes the consumer journey, L’Oréal is rethinking its marketing engine

Underneath the ads, TikTok campaigns, and virtual try-ons lies an increasingly complex infrastructure of data, technology, and AI. To succeed today, marketers need to understand the “pipes and plumbing,” says L’Oréal’s Asmita Dubey.

By Kirsty McGregor and Francesca CassidyOctober 6, 2026
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Eimear Bonner CFO Chevron
C-Suite
Chevron CFO Eimear Bonner built a 20-plus-year career at the company. Now she’ll run its core business
By Sheryl EstradaOctober 6, 2026
s
Commentary
The 1,000-hour test: a better way to decide what’s actually worth your money 
By Ben MeerOctober 6, 2026
Current price of Bitcoin for Oct. 6, 2026
Personal Finance
Current price of Bitcoin for October 6, 2026
By Joseph HostetlerOctober 6, 2026
Current price of Ethereum for Oct. 6, 2026
Personal Finance
Current price of Ethereum for October 6, 2026
By Joseph HostetlerOctober 6, 2026
Top CD rates from major banks Oct. 6, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on October 6, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerOctober 6, 2026
Why Sam Altman takes his hardest questions to Nikesh Arora
Newsletters
Why Sam Altman takes his hardest questions to Nikesh Arora
By Allie GarfinkleOctober 6, 2026
jasper
Commentary
I’ve spent a decade teaching AI to write. Here’s why your slop posts are ruining your LinkedIn
By Jasper PyeOctober 6, 2026
Photo: Riots in France.
Newsletters
‘We take the unpopular stance that a bond-market crisis would be a good thing’: Wall Street is losing its patience with government debt
By Jim EdwardsOctober 6, 2026
sr
Commentary
I wrote The Future of Truth and then found to my alarm it contained AI-hallucinated quotes. I’ve chosen to fight back
By Steven RosenbaumOctober 6, 2026
Women top lawyers now out-earn men by 16% at America’s biggest companies—even as their share of the job slips
MPW
Women top lawyers now out-earn men by 16% at America’s biggest companies—even as their share of the job slips
By Fernanda TroncoOctober 6, 2026
Today’s home equity loan and HELOC rates, Oct. 6, 2026
Personal Finance
Today’s home equity loan and HELOC rates, Oct. 6, 2026
By Joseph HostetlerOctober 6, 2026
Why Oura really pulled its IPO: Wall Street experts suspect valuation concerns, an insider cash-out, and an Apple-size threat
Investing
Why Oura really pulled its IPO: Wall Street experts suspect valuation concerns, an insider cash-out, and an Apple-size threat
By Morgan ChittumOctober 6, 2026
Inside Europe’s biggest companies—and the forces reshaping them
Magazine
Inside Europe’s biggest companies—and the forces reshaping them
By Sam ForsdickOctober 6, 2026
Exclusive: OpenAI is piloting a ‘mission interview’ for job candidates
AI
Exclusive: OpenAI is piloting a ‘mission interview’ for job candidates
By Emily ForliniOctober 5, 2026
Nvidia backs startup Reactor as buzz grows for world models  
Startups & Venture
Nvidia backs startup Reactor as buzz grows for world models  
By Wen ShaoOctober 5, 2026
How Christina Zhu turned Sam’s Club into Walmart’s unlikely growth engine in China
Magazine
How Christina Zhu turned Sam’s Club into Walmart’s unlikely growth engine in China
By Nicholas GordonOctober 5, 2026
Photo of Franklin D. Roosevelt
Economy
Should we phase out Social Security? 2 economists debated it for an hour in front of me—then agreed the wealthy have to pay up
By Nick LichtenbergOctober 5, 2026
It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’
AI
It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’
By Catherina GioinoOctober 5, 2026
Sam Altman says the world should accept some ‘bad things’ happening with AI as the industry signs on to Trump’s voluntary safety pact
AI
Sam Altman says the world should accept some ‘bad things’ happening with AI as the industry signs on to Trump’s voluntary safety pact
By Marco Quiroz-GutierrezOctober 5, 2026
t
Economy
MAGAnomics is starting to look uncomfortably like Bidenomics
By Nick LichtenbergOctober 5, 2026
Misha Laskin, chief executive officer of Reflection AI
AI
Nvidia-backed Reflection AI unveils its first open model, Beam. Could it be America’s best chance to compete with China?
By Emily ForliniOctober 5, 2026
Photo of Donald Trump
Politics
Taxpayers are still paying $1.6 million a week to keep 420 radio staffers out of work
By Joshua HongOctober 5, 2026
Amazon’s answer to data center backlash: $1 billion for community college and home energy upgrades
Big Tech
Amazon’s answer to data center backlash: $1 billion for community college and home energy upgrades
By Mia OsmonbekovOctober 5, 2026
OKX logo with trading chart in the background
Crypto
NYSE owner and crypto exchange OKX seek SEC clearance for tokenized U.S. stock trading
By Camila Grigera NaónOctober 5, 2026
U.S. shale executives have no idea when the oil market will go off a cliff
Energy
U.S. shale executives have no idea when the oil market will go off a cliff
By Jason MaOctober 5, 2026
The Hyperliquid Strategies team celebrates their NASDAQ listing at the NYSE.
Crypto
How Hyperliquid defied crypto’s DAT death spiral—and built a booming digital asset treasury
By Camila Grigera Naón and Jeff John RobertsOctober 5, 2026
Concerned young woman holding credit card while using laptop
Success
Despite being decades away from retirement, Gen Z is the most worried that AI will derail their financial future—51% fear it will cut their nest egg
By Preston ForeOctober 5, 2026
Young woman in job interview
Success
Despite fears AI will kill jobs, 72% of bosses say they’ll actually pay more for AI skills—with some roles offering a $100,000 premium
By Emma BurleighOctober 5, 2026
Best Teeth Whitening Strips (2026): Brighten Your Smile
Success
Best Teeth Whitening Strips (2026): Brighten Your Smile
By Emily PharesOctober 5, 2026
U.S. Army Maj. Stephen Ramsbottom, who was injured in an Iranian drone strike in Kuwait, poses for a portrait in Colorado Springs, Colo.
North America
‘I was just kind of on my own’: Soldiers wounded in Iranian drone strike say the Army ‘took too long’ to treat their injuries
By The Associated Press, Julie Watson, Jack Brook and Konstantin ToropinOctober 5, 2026
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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 victimsplaceholder alt text
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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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Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he losesplaceholder alt text
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