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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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Researchers tracked $80 million in political ads using AI—and Republicans were behind 83% of them

Don’t expect a disclaimer on that AI slop political ad you see this year.

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
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
By Tatiana SatauaOctober 6, 2026
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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
By Nick LichtenbergOctober 6, 2026
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
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
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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

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
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
More in News
North America
More in North America
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
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Global
More in Global
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

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
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
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The Best Beauty Subscription Boxes in 2026: Makeup, Skin Care, and More
Health
The Best Beauty Subscription Boxes in 2026: Makeup, Skin Care, and More
By Christina SnyderSeptember 25, 2026
A trader looks on as US Federal Reserve Chair Kevin Warsh is displayed on a television screen on the floor of the New York Stock Exchange (NYSE) in New York on September 16, 2026.
Personal Finance
Boom or bust? The case for and against panicking about 5% yields
By Eva RoytburgSeptember 25, 2026
A person standing in an empty office space.
Personal Finance
Additional insured explained: What it means, who needs it, and how coverage works
By Joseph HostetlerSeptember 25, 2026
Mark Carney points as Donald Trump as Trump listens, with his head bowed.
North America
‘U.S. trade policy is damaging the U.S. auto industry’: Canada’s purchase of American cars hits new low as Trump’s tariffs backfire on U.S. automakers
By Sasha RogelbergSeptember 25, 2026
35% of bettors are leaving sportsbooks for prediction markets, echoing the regulatory loophole DraftKings built its business on
Banking
35% of bettors are leaving sportsbooks for prediction markets, echoing the regulatory loophole DraftKings built its business on
By Catherina GioinoSeptember 25, 2026
Bitget CEO Gracy Chen sits and looks off into the distance during a conference panel.
Crypto
North Korea accused of plundering Bitget for $387 million in year’s biggest crypto attack
By Camila Grigera NaónSeptember 25, 2026
r
Commentary
Rockefeller Foundation President: America is losing its global standing. Here’s how to fix it
By Rajiv J. ShahSeptember 25, 2026
Fortune 500 Power Moves: Which executives gained and lost power this week
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power this week
By Fortune EditorsSeptember 25, 2026
Photo of a food pantry in a library parking lot
Personal Finance
Libraries are becoming a cost-of-living hack, and some are seeing a surge in sign-ups
By Mia OsmonbekovSeptember 25, 2026
Picture of Pip White, head of EMEA North at Anthropic, during a Bloomberg Television interview in London, UK
Europe
‘Our industry sees the risks and is concerned’: European tech leaders join calls for AI slowdown
By Sam Birchall and Sam ForsdickSeptember 25, 2026
Social Security’s annual cost-of-living adjustment is coming soon. Here are the states where the biggest hike in years could have the most impact
Personal Finance
Social Security’s annual cost-of-living adjustment is coming soon. Here are the states where the biggest hike in years could have the most impact
By Jason MaSeptember 25, 2026
President Donald Trump gives a toast during a State Dinner for China's President Xi Jinping in the East Room at the White House.
Politics
‘We’ve never gotten along better’: Trump and Xi talk Taiwan, trade and AI at state dinner—with Sam Altman and Jensen Huang in attendance
By The Associated Press and Will WeissertSeptember 25, 2026
President Donald Trump watches as New York City Mayor Zohran Mamdani speaks during a joint news conference at Gracie Mansion.
Politics
‘You can’t silence the truth’: Netanyahu calls Mamdani ‘the antisemitic mayor of New York’ at the UN, as 100 protestors were arrested outside
By The Associated Press and Anthony IzaguirreSeptember 25, 2026
The Best Oil Cleansers in 2026: Rinse Away Without Residue
Health
The Best Oil Cleansers in 2026: Rinse Away Without Residue
By Emily PharesSeptember 25, 2026
The Best Razors for Men in 2026: Top Picks for a Closer Shave
Health
The Best Razors for Men in 2026: Top Picks for a Closer Shave
By Emily PharesSeptember 25, 2026
Brené Brown, author, researcher, and professor
Conferences
Brené Brown says the key to surviving AI is rejecting Jack Welch’s advice and embracing humanity. The problem is humans ‘can’t stand each other’
By Sydney LakeSeptember 25, 2026
ac
Commentary
Andrew Cuomo: America can’t afford to fall behind on the future of finance
By Andrew M. CuomoSeptember 25, 2026
Gen Zer on laptop
Success
Despite the entry-level job apocalypse, half of Gen Z are planning to look for new work elsewhere before the end of the year
By Emma BurleighSeptember 25, 2026
Entry-level jobs were actually secret apprenticeships all along, and AI just cut the subsidy
Commentary
Entry-level jobs were actually secret apprenticeships all along, and AI just cut the subsidy
By Patrick T. HarkerSeptember 25, 2026
Federal cyber agency unveils midterm plan with 40 days to go: ‘For them to come in 5 weeks before the election, yeah, nice effort’
Cybersecurity
Federal cyber agency unveils midterm plan with 40 days to go: ‘For them to come in 5 weeks before the election, yeah, nice effort’
By Ali Swenson and The Associated PressSeptember 25, 2026
Gas topped the equivalent of $12 a gallon in parts of Europe—and consumers are spending an extra $231 million a day on diesel
Energy
Gas topped the equivalent of $12 a gallon in parts of Europe—and consumers are spending an extra $231 million a day on diesel
By Sam McNeil and The Associated PressSeptember 25, 2026
Pope Leo warns humanity risks losing itself in a ‘paradise of machines’
Politics
Pope Leo warns humanity risks losing itself in a ‘paradise of machines’
By Nicole Winfield, Sylvie Corbet and The Associated PressSeptember 25, 2026
Richmond Fed President and CEO Tom Barkin
Banking
Fed’s Tom Barkin, a former McKinsey CFO, says the ‘AI Apocalypse’ hasn’t arrived
By Sheryl EstradaSeptember 25, 2026
Quantum won’t kill crypto—but it could accelerate Wall Street’s adoption of blockchain
Crypto
Quantum won’t kill crypto—but it could accelerate Wall Street’s adoption of blockchain
By Chris PerkinsSeptember 25, 2026
Current price of oil as of Sept. 25, 2026
Personal Finance
Current price of oil as of September 25, 2026
By Joseph HostetlerSeptember 25, 2026
Current price of Bitcoin for Sept. 25, 2026
Personal Finance
Current price of Bitcoin for September 25, 2026
By Joseph HostetlerSeptember 25, 2026
Current price of Ethereum for Sept. 25, 2026
Personal Finance
Current price of Ethereum for September 25, 2026
By Joseph HostetlerSeptember 25, 2026
Top CD rates from major banks Sept. 25, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on Sept. 25, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerSeptember 25, 2026
eric
Commentary
I helped invent the smartphone camera. It could have died in the lab
By Eric FossumSeptember 25, 2026
Microsoft unveils Copilot super app, targeting business users with AI agents
AI
Microsoft unveils Copilot super app, targeting business users with AI agents
By Sebastian HerreraSeptember 25, 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
By Catherina GioinoOctober 5, 2026
North America
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
By Sasha RogelbergOctober 3, 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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