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

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

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

3

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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Taiwan opens Phoenix office as $265 billion chip investment in Arizona grows, over China’s objections
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
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
By The Associated Press, Gerald Imray and Jacob ZimbaOctober 6, 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
Young woman with suitcase close to her waiting for transportation in airport lounge
Gen Z’s new American Dream: Skip the mortgage, book the flight
By Bilin LinOctober 6, 2026
After housing protests turned violent, Spain will tax seasonal rentals to build a 10 billion euro fund into first-home loans
After housing protests turned violent, Spain will tax seasonal rentals to build a 10 billion euro fund into first-home loans
By The Associated Press and TERESA MEDRANOOctober 6, 2026
Asmita Dubey is the chief digital and marketing officer, at L'Oréal
As AI reshapes the consumer journey, L’Oréal is rethinking its marketing engine
By Kirsty McGregor and Francesca CassidyOctober 6, 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 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
MAGAnomics is starting to look uncomfortably like Bidenomics

Trump once called Biden-era inflation a “country-buster” and a “colossal tax on American families.” Now the shoe is on the other foot.

By Nick LichtenbergOctober 5, 2026
Taxpayers are still paying $1.6 million a week to keep 420 radio staffers out of work

The United States Agency for Global Media can’t document 99% of the gear from Voice of America that it dumped in 2025.

By Joshua HongOctober 5, 2026
‘I was just kind of on my own’: Soldiers wounded in Iranian drone strike say the Army ‘took too long’ to treat their injuries

“I was just kind of on my own, at least it felt like that,” said Lincón, a veteran of wars in Iraq and Afghanistan.

By The Associated Press, Julie Watson, Jack Brook and Konstantin ToropinOctober 5, 2026
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North America
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Current price of oil as of Oct. 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
How Christina Zhu turned Sam’s Club into Walmart’s unlikely growth engine in China

Walmart China’s first native Chinese CEO is leaning on Sam’s Club, smaller portion sizes, and an ultrafast delivery network to drive growth in a strained consumer economy.

By Nicholas GordonOctober 5, 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
More in Asia
Global
More in Global
Eva Olsson, Ellen Moons, and Mark Pearce sit in front of a screen displaying Francis Halzen as the recipient of the 2026 Nobel Prize in Physics during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 6, 2026. Belgian physicist Francis Halzen won the Nobel Prize in Physics for work on subatomic particles at the South Pole, the Nobel jury said.
Trillions of ‘ghost particles’ pass through your body every second. The scientist who hunts them just won the Nobel Prize

Francis Halzen turned Antarctic ice into a giant detector for elusive neutrinos, with sensors buried 8,200 feet below the surface.

By Kostya Manenkov, Adithi Ramakrishnan and Stefanie DazioOctober 6, 2026
Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows

96-year-old Buffett now spends his evenings watching YouTube—but the billionaire has long made time for reading, bridge and seeking work-life balance.

By Preston ForeOctober 6, 2026
How to choose a mortgage lender in 2026

Choosing the wrong mortgage lender could potentially cost you thousands. Here’s how to compare your options, what questions to ask every lender, and the red flags to watch out for.

By Glen Luke FlanaganOctober 6, 2026
Brands are fleeing TV for social. The agency behind 50 Cent and Doordash’s viral Super Bowl-week ad just sold for at least $100 million

Exclusive: Get Engaged becomes a part of SAMY, a global social-first marketing company.

By Sydney LakeOctober 6, 2026
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Newly elected Pope Leo XIV, Robert Prevost arrives on the main central loggia balcony of the St Peter's Basilica for the first time, after the cardinals ended the conclave, in The Vatican.
Politics
‘We need to commit ourselves to patient dialogue’: Pope Leo warns of the ‘desire for domination’ in today’s wars
By The Associated Press and Nicole WinfieldSeptember 29, 2026
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Success
‘We are going to start looking a lot more like Europe’: Millennials are living at home into their 30s, signaling a major shift
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Health
The Best Toners For Acne in 2026: For Clearer Skin
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A $14 billion U.S. arms deal to Taiwan is stalled. Taipei says everything else is still on track even as China wants the sales stopped
Asia
A $14 billion U.S. arms deal to Taiwan is stalled. Taipei says everything else is still on track even as China wants the sales stopped
By The Associated Press and Huizhong WuSeptember 29, 2026
Europe paid $113.5 billion more for energy since the Iran war, and gained not one extra barrel
Energy
Europe paid $113.5 billion more for energy since the Iran war, and gained not one extra barrel
By The Associated Press and Sam McNeilSeptember 29, 2026
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Commentary
The gut-check questions every leader needs to ask before building with AI
By Paul FippsSeptember 29, 2026
Young woman working at modern office.Technical price graph and indicator, red and green candlestick chart and stock trading computer screen background.
Banking
83% of CFOs say U.S. stocks are overvalued, even as optimism about their companies rises
By Sheryl EstradaSeptember 29, 2026
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Success
The Fortune ad director who ran D‑Day’s greatest deception
By Jason BellSeptember 29, 2026
ADP: what 77 years of payroll taught us about AI
Commentary
ADP: what 77 years of payroll taught us about AI
By Joe DeSilvaSeptember 29, 2026
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Retail
The end of the price tag
By Lindsay OwensSeptember 29, 2026
Exclusive: AI housing unicorn EliseAI hits $4 billion valuation in new funding round led by a16z and Bessemer
Startups & Venture
Exclusive: AI housing unicorn EliseAI hits $4 billion valuation in new funding round led by a16z and Bessemer
By Nick LichtenbergSeptember 29, 2026
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Commentary
Stop asking writers if they used AI. Just ask them how much
By Jack BrewsterSeptember 29, 2026
Jeremy Siegel, the Russell E. Palmer Professor of FInance at the Wharton School, prepares to address the Securities Industry Association during their annual meeting in Boca Raton, Florida, Thursday, November 10, 2005.
Economy
AI may prove disinflationary because agents can negotiate contracts and deals to make your life cheaper, says top economist
By Eleanor PringleSeptember 29, 2026
Photo Dario Amodei
Newsletters
Anthropic’s $2 trillion IPO prospectus has leaked—here’s a snapshot of its income statements
By Jim EdwardsSeptember 29, 2026
Photo of Dario Amodei
Big Tech
Anthropic’s leaked IPO prospectus details steep losses, rapid growth, and a fear that AI could end humanity
By Beatrice NolanSeptember 29, 2026
cc
Commentary
Georgia Attorney General: scams demand a new consumer protection strategy
By Chris CarrSeptember 29, 2026
OpenAI’s agents are still ransacking the web
Newsletters
OpenAI’s agents are still ransacking the web
By Emily ForliniSeptember 29, 2026
Illustration featuring several employees at work, connected by a green arrow.
AI
From Pfizer to UPS, the newest members of the AIQ 75 share the secrets to upping their AI game
By John KellSeptember 29, 2026
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
AI
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
By Sage LazzaroSeptember 29, 2026
How Netflix is using AI to personalize streaming
AI
How Netflix is using AI to personalize streaming
By Sage LazzaroSeptember 29, 2026
How 111-year-old HVAC company Carrier leaped to the top 10 of the Fortune AIQ 75
AI
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By Sage LazzaroSeptember 29, 2026
Illustration of three employees racing one another across the finish line
AI
How bottom-line-focused financial firms are finding ROI in AI
By John KellSeptember 29, 2026
The U.S. should be ‘more confident’ and less worried about losing ground to China, says Peking University expert
Asia
The U.S. should be ‘more confident’ and less worried about losing ground to China, says Peking University expert
By Angelica AngSeptember 29, 2026
Josh Simon headshot
Success
He was Disney’s most junior employee when he rewrote the CEO’s op-ed. Now he’s a CEO, with advice for Gen Z: ‘Don’t really ask for permission’ 
By Preston ForeSeptember 29, 2026
Photo of Harold Hamm
Health
Billionaire oil tycoon Harold Hamm donates $150M to the University of Oklahoma to help study a cause that’s personal to him: diabetes
By Sydney LakeSeptember 29, 2026
Home equity loan and HELOC rates, Sept. 29, 2026
Personal Finance
Home equity loan and HELOC rates, Sept. 29, 2026
By Joseph HostetlerSeptember 29, 2026
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Success
I was a finance executive who had a breakdown in a London cab. Here’s what I learned after I traded it all for a French vineyard
By Peter HahnSeptember 29, 2026
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Economy
The bond market has outgrown the banks
By Robin WigglesworthSeptember 29, 2026
The man who looked into the ‘actual beating heart’ of the financial system—and saw something ‘profoundly dangerous’
Personal Finance
The man who looked into the ‘actual beating heart’ of the financial system—and saw something ‘profoundly dangerous’
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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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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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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different realityplaceholder alt text
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