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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

3

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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OpenAI’s Human Rights Lead: What the military could do with AI ‘keeps me up at night’
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
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
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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News
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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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Inside Fortescue’s billion-dollar bet to decarbonize mining—and help rebuild Ukraine
Magazine
Inside Fortescue’s billion-dollar bet to decarbonize mining—and help rebuild Ukraine
By Vivienne WaltSeptember 23, 2026
Elon Musk, standing in the oval office, touches an all-black DOGE hat on his head.
Politics
DOGE’s push to shrink the federal workforce cost the Trump administration $6.7 billion for employees not to work
By Sasha RogelbergSeptember 23, 2026
Home equity loan and HELOC rates, Sept. 23, 2026
Personal Finance
Home equity loan and HELOC rates, Sept. 23, 2026
By Joseph HostetlerSeptember 23, 2026
Warren Buffett’s son worked on a farm instead of going to college—he’s now the chairman of $1 trillion Berkshire Hathaway
Success
Warren Buffett’s son worked on a farm instead of going to college—he’s now the chairman of $1 trillion Berkshire Hathaway
By Sydney LakeSeptember 23, 2026
Why Costco has the luxury of sitting out the delivery arms race
Retail
Why Costco has the luxury of sitting out the delivery arms race
By Phil WahbaSeptember 23, 2026
‘Taxes aren’t really high enough for them to be sensitive’: the fears of the wealthy fleeing New York and California were just that
Personal Finance
‘Taxes aren’t really high enough for them to be sensitive’: the fears of the wealthy fleeing New York and California were just that
By Catherina GioinoSeptember 23, 2026
In midterm years, October is usually the best month for stocks, with gains 73.7% of the time
Investing
In midterm years, October is usually the best month for stocks, with gains 73.7% of the time
By Sheryl EstradaSeptember 23, 2026
OpenAI’s search for a chief communications officer hits 9 months after a top candidate turned down the role
Big Tech
OpenAI’s search for a chief communications officer hits 9 months after a top candidate turned down the role
By Emily ForliniSeptember 23, 2026
In this photo illustration, a hand holds a smartphone displaying the App Store listing for Meta's Muse AI assistant in front of the Meta logo on a computer screen on September 22, 2026.
AI
Meta’s Muse AI is exploding in popularity—and already drawing heated backlash from another tech giant
By Sebastian HerreraSeptember 22, 2026
gagan
Startups & Venture
‘We believe in college’: inside Andreessen Horowitz’s $42m unaccredited academy that will charge Harvard prices without degrees
By Eva RoytburgSeptember 22, 2026
Photo of houses
Real Estate
Mortgage rates are nearing 7%, delivering another blow to a housing market already losing buyers and facing stalled sales
By Mia OsmonbekovSeptember 22, 2026
U.S. Treasury Secretary Scott Bessent.
Newsletters
Beijing and Washington talk about an AI hotline. But who will answer the call?
By Jeremy KahnSeptember 22, 2026
The Best Online Semaglutide Programs (2026): MD Approved
Health
The Best Online Semaglutide Programs (2026): MD Approved
By Christina SnyderSeptember 22, 2026
Vice President JD Vance, center, speaks during a news conference accompanied by Kim Brandt, Chief Operating Officer for the Centers for Medicare and Medicaid Services, left, Dr. Mehmet Oz, Administrator for the Centers for Medicare & Medicaid Services, Chairman Andrew Ferguson of the Federal Trade Commission (FTC), and Chris Klomp, nominee for Deputy Secretary of Health and Human Services, in the South Court Auditorium in the Eisenhower Executive Office Building on the White House campus.
Politics
Trump admin says it will save $2.2 billion by kicking off 760,000 Affordable Care Act enrollees over fraud claims
By The Associated Press and Fatima HusseinSeptember 22, 2026
After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings
Personal Finance
After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings
By Marco Quiroz-GutierrezSeptember 22, 2026
President Donald Trump speaks to the United Nations General Assembly.
Politics
‘I have a big decision to make’: Trump had a ‘good meeting’ with Iranian officials warning he may ‘annihilate the Islamic Republic’
By The Associated Press, Aamer Madhani, Farnoush Amiri and Edith M. LedererSeptember 22, 2026
What AI slowdown? OpenAI, Anthropic release dueling models as price wars heat up
Big Tech
What AI slowdown? OpenAI, Anthropic release dueling models as price wars heat up
By Emily Forlini and Beatrice NolanSeptember 22, 2026
Photo: Dario Amodei
Commentary
The backwards AI pacing debate and how far business is from the frontier
By Jeffrey Sonnenfeld, David Siegel and Stephen HenriquesSeptember 22, 2026
barry
Commentary
Barry Werth: the system that saved your life is being destroyed
By Barry WerthSeptember 22, 2026
The real AI threat isn’t China, it’s accelerationism
Commentary
The real AI threat isn’t China, it’s accelerationism
By Chris HyamsSeptember 22, 2026
Scott Bessent, US treasury secretary, during a House Financial Services Committee hearing in Washington, DC.
Personal Finance
The 10-year Treasury yield just hit 5% for the first time since 2007 — is a 1970s-style ‘stagflation’ on the return?
By Joshua HongSeptember 22, 2026
Scott Bessent, US treasury secretary.
Economy
If AI is going to destroy humanity, Scott Bessent says hyperscalers, not government, must take the fall: ‘We cannot absolve you of responsibility’
By Eleanor PringleSeptember 22, 2026
Walmart’s new pricing patents spark fears of surveillance: ‘Are they going to charge you a different price if they know who you are?’
Retail
Walmart’s new pricing patents spark fears of surveillance: ‘Are they going to charge you a different price if they know who you are?’
By Tatiana SatauaSeptember 22, 2026
nyse
Commentary
The SaaS debt trap
By Stephen MesserSeptember 22, 2026
Two major Puerto Rico newspapers are going digital-only as the industry sheds 270,000 jobs in 20 years
North America
Two major Puerto Rico newspapers are going digital-only as the industry sheds 270,000 jobs in 20 years
By Danica Coto and The Associated PressSeptember 22, 2026
‘The kids just aren’t drinking as much’: California’s wine country is drowning in unwanted grapes
North America
‘The kids just aren’t drinking as much’: California’s wine country is drowning in unwanted grapes
By Terry Chea and The Associated PressSeptember 22, 2026
sat
Success
Wealthy students are 13x more likely to ace the SAT. The test turns 100 this year
By Beth Kania-Gosche and The ConversationSeptember 22, 2026
Jeremy Allaire and Richard Teng
Crypto
Binance invests $100 million in one-time rival Circle and expands its USDC partnership
By Camila Grigera NaónSeptember 22, 2026
church
AI
AI chatbots are quietly becoming spiritual advisers for millions, data shows
By Morgan Shipley and The ConversationSeptember 22, 2026
uva
AI
A dean of libraries explains how AI gives you 4 types of answers — and only one of them is ‘factual’
By Leo S. Lo and The ConversationSeptember 22, 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
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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
Success
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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