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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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Photo of Donald Trump in Dublin
OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’

Sarah Yager joined OpenAI recently, and though she was initially skeptical that her position was merely a PR stunt, she says she’s had some early success influencing the safety of the technology.

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
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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
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
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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
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
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
More in Asia
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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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
Russia’s invasion of Ukraine changed the European energy equation—now efficiency is just as important as sustainability 
Europe
Russia’s invasion of Ukraine changed the European energy equation—now efficiency is just as important as sustainability 
By Kirsty McGregorSeptember 25, 2026
QuickBooks Free vs. Wave vs. Zoho Books: Free accounting plans compared
Personal Finance
QuickBooks Free vs. Wave vs. Zoho Books: Free accounting plans compared
By Joseph HostetlerSeptember 25, 2026
When the machine should stop and call a human
Commentary
When the machine should stop and call a human
By Tae E. BollingSeptember 25, 2026
Rush hour in LA
Economy
U.S.-Iran conflict is causing unexpected problems for Americans: 65% of employees want jobs that help them avoid paying higher gas prices
By Eleanor PringleSeptember 25, 2026
The S&P 500’s ‘biggest risk’ is companies’ ‘debt refi wall’ as bond yields top 5%
Newsletters
The S&P 500’s ‘biggest risk’ is companies’ ‘debt refi wall’ as bond yields top 5%
By Jim EdwardsSeptember 25, 2026
As America steps back, small nations’ currencies step up
Commentary
As America steps back, small nations’ currencies step up
By Derek HorstmeyerSeptember 25, 2026
seated man and microphone
Newsletters
AJ Scaramucci’s Solari Capital emerges from stealth with $350 million deployed and a case that companies stay private too long
By Amanda GerutSeptember 25, 2026
Washington still hasn’t passed an AI safety law. New York City, where AI giants are expanding fastest, is writing its own
AI
Washington still hasn’t passed an AI safety law. New York City, where AI giants are expanding fastest, is writing its own
By Catherina GioinoSeptember 25, 2026
A man in a blue short points to the display screen on a Samsung refrigerator.
Retail
‘I can’t believe it’s already broken’: Samsung customers are complaining to the company over spoiled food after an update bricked AI smart fridges
By Sasha RogelbergSeptember 25, 2026
Temu axed its $1 billion network of fake influencer accounts on Meta
Big Tech
Temu axed its $1 billion network of fake influencer accounts on Meta
By Jim EdwardsSeptember 25, 2026
Trump made more than 1,100 trades in July alone—nearly 40 times Treasury Secretary Scott Bessent’s total for all of last year
Investing
Trump made more than 1,100 trades in July alone—nearly 40 times Treasury Secretary Scott Bessent’s total for all of last year
By Marco Quiroz-GutierrezSeptember 25, 2026
Alice Walton got $33 billion richer last year without running a company. She’s building a tuition-free medical school instead
Success
Alice Walton got $33 billion richer last year without running a company. She’s building a tuition-free medical school instead
By Sydney LakeSeptember 25, 2026
Home equity loan and HELOC rates, Sept. 25, 2026
Personal Finance
Home equity loan and HELOC rates, Sept. 25, 2026
By Joseph HostetlerSeptember 25, 2026
Animoca’s Evan Auyang worked in finance and public transit before crypto. Here’s why he thinks the blockchain should be more like a bus 
Asia
Animoca’s Evan Auyang worked in finance and public transit before crypto. Here’s why he thinks the blockchain should be more like a bus 
By Nicholas GordonSeptember 25, 2026
31-year-old millionaire sold his first business at 17 for over $100K—he lost it all in 15 months to bad investments: ‘I got cocky, I got arrogant’
Success
31-year-old millionaire sold his first business at 17 for over $100K—he lost it all in 15 months to bad investments: ‘I got cocky, I got arrogant’
By Orianna Rosa RoyleSeptember 25, 2026
OpenAI to unveil GPT-6 Cyber model, plus a first-of-its-kind product to help deploy it
AI
OpenAI to unveil GPT-6 Cyber model, plus a first-of-its-kind product to help deploy it
By Emily ForliniSeptember 24, 2026
U.S. President Donald Trump looks on during the signing of a security pact between the U.S., Denmark, and Greenland during the 81st session of the United Nations (U.N.) General Assembly.
Law
‘It’s so corrosive to democracy’: Over 50 federal prosecutors speak out against Trump’s $100,000 a month ‘insider trading’ scheme
By Joshua HongSeptember 24, 2026
The return of nostalgia is bringing back Toys “R” Us as it opens 120 stores, nine years after bankruptcy
Personal Finance
The return of nostalgia is bringing back Toys “R” Us as it opens 120 stores, nine years after bankruptcy
By Tatiana SatauaSeptember 24, 2026
The U.S. and China are quietly talking AI guardrails—even as Trump publicly rejects them
AI
The U.S. and China are quietly talking AI guardrails—even as Trump publicly rejects them
By Eva RoytburgSeptember 24, 2026
Photo: Josh Payne
Newsletters
Nscale wants a $35 billion valuation. Nvidia is helping foot the bill
By Beatrice NolanSeptember 24, 2026
OpenAI CEO Sam Altman
Cybersecurity
Report reveals yet more cases of OpenAI’s ‘rogue AI’ agents hacking websites—and suggests they may still have been active in recent weeks
By Jeremy Kahn and Beatrice NolanSeptember 24, 2026
Ali Ghodsi
Success
Like Jamie Dimon, Databricks CEO hates days with too many meetings. He says it means he gets nothing done and he’s just got ‘monkeys on his back’
By Preston ForeSeptember 24, 2026
The Energy Department to spend nearly $2 billion to squeeze more power from the aging U.S. grid
Energy
The Energy Department to spend nearly $2 billion to squeeze more power from the aging U.S. grid
By The Associated Press, Marc Levy and Matthew DalySeptember 24, 2026
‘Expressed my disappointment’: Australian Prime Minister Anthony Albanese says OpenAI took too long to reveal breach
Cybersecurity
‘Expressed my disappointment’: Australian Prime Minister Anthony Albanese says OpenAI took too long to reveal breach
By Rod McGuirk and The Associated PressSeptember 24, 2026
Cisco CEO Chuck Robbins
Success
Cisco CEO warns workers who worry about change that ‘nothing’s going to feel good right now’ with AI
By Emma BurleighSeptember 24, 2026
Japanese companies are paying older workers to sit by a window and do nothing—while Western CEOs demand super-AI productivity just to keep your job
Success
Japanese companies are paying older workers to sit by a window and do nothing—while Western CEOs demand super-AI productivity just to keep your job
By Orianna Rosa RoyleSeptember 24, 2026
Antony Jenkins ran one of the world’s biggest banks. He knows how to solve those legacy tech nightmares (and launched a start-up to prove it)  
Europe
Antony Jenkins ran one of the world’s biggest banks. He knows how to solve those legacy tech nightmares (and launched a start-up to prove it)  
By Kamal AhmedSeptember 24, 2026
The Best Hyaluronic Acid Serums in 2026: Dewy Skin Starts Here
Health
The Best Hyaluronic Acid Serums in 2026: Dewy Skin Starts Here
By Christina SnyderSeptember 24, 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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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
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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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