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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
Fortune banner
News
More in News
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
More in Asia
Global
More in Global
a
‘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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Toast’s CMO is also its COO. Here’s how she makes room for both jobs
C-Suite
Toast’s CMO is also its COO. Here’s how she makes room for both jobs
By Ruth UmohSeptember 21, 2026
Two ice cream cones, one on the left with one scoop and one on the right with three scoops.
Personal Finance
QuickBooks Free vs. QuickBooks Solopreneur: When is it worth paying?
By Joseph HostetlerSeptember 21, 2026
gen z
Economy
The Bank of Mom and Dad has a new line item: guilt
By Nick LichtenbergSeptember 21, 2026
A person sitting a desk looking at a computer screen.
Personal Finance
What accounting software supports inventory and order management?
By Joseph HostetlerSeptember 21, 2026
The corporate blockchain wars are heating up as Circle’s Arc goes live
Newsletters
The corporate blockchain wars are heating up as Circle’s Arc goes live
By Jeff John RobertsSeptember 21, 2026
OpenAI CEO Sam Altman in San Francisco on September 15, 2026. (Photo: Benjamin Fanjoy/Getty Images)
Newsletters
‘Be transparent only if asked’: Inside OpenAI’s rogue AI transcripts
By Allie GarfinkleSeptember 21, 2026
(L-R) Maye Musk and Elon Musk attend The 2022 Met Gala Celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 02, 2022 in New York City.
Big Tech
Elon Musk’s mom isn’t fussy about where she sleeps either—Maye Musk stays in a garage when she visits the Tesla CEO in Texas
By Eleanor PringleSeptember 21, 2026
Photo: Josh Payne
Newsletters
Money-losing Nscale’s $35 billion IPO includes a $3 billion deal with Nvidia that puts ‘going concern’ worries behind it
By Jim EdwardsSeptember 21, 2026
Please see attached for an image of the three authors. From left, to right: Daniel Aminetzah, Paul Jenkins, Jorge Grieve.
Commentary
McKinsey partners: you need to protect successful new ventures from the core business
By Daniel Aminetzah, Paul Jenkins and Jorge GrieveSeptember 21, 2026
un
Commentary
We co-led the UN’s dialogue on safe and secure AI. Here’s what needs to happen now
By Paula Bogantes Zamora and Rebecca FinlaySeptember 21, 2026
Home equity loan and HELOC rates, Sept. 21, 2026
Personal Finance
Home equity loan and HELOC rates, Sept. 21, 2026
By Joseph HostetlerSeptember 21, 2026
US Treasury Secretary Scott Bessent testifies during a House Financial Services Committee hearing on the state of the international financial system on Capitol Hill in Washington, DC, on September 15, 2026.
Economy
U.S. Treasury’s bond scheme is not a national debt management tool, say top economists, but it did show Wall Street what makes Scott Bessent flinch
By Eleanor PringleSeptember 21, 2026
Moderna’s Bob Langer and AI pioneer Yann LeCun join board of Cellular Intelligence, bringing AI into medicine via a Parkinson’s drug
AI
Moderna’s Bob Langer and AI pioneer Yann LeCun join board of Cellular Intelligence, bringing AI into medicine via a Parkinson’s drug
By Catherina GioinoSeptember 21, 2026
Photo of woman sitting at her laptop with a view of Spain
Travel & Leisure
‘You just can live so much more life’ — Gen Z and Millennials squeezed out of the American Dream are finding a new one as digital nomads
By Mia OsmonbekovSeptember 21, 2026
Dollar General CEO says consumers making $100,000 a year don’t feel like high-income shoppers anymore as high gas prices and inflation reshape habits
Economy
Dollar General CEO says consumers making $100,000 a year don’t feel like high-income shoppers anymore as high gas prices and inflation reshape habits
By Jason MaSeptember 20, 2026
Canada and France in talks to deepen ties and ‘live our lives as we choose’ while Macron also seeks oil and gas as Iran war disrupts supplies
North America
Canada and France in talks to deepen ties and ‘live our lives as we choose’ while Macron also seeks oil and gas as Iran war disrupts supplies
By The Associated PressSeptember 20, 2026
Iran’s economy faces another blockade: Red tape and gridlock are clogging up land routes that bypass the U.S. Navy’s Hormuz stranglehold
Middle East
Iran’s economy faces another blockade: Red tape and gridlock are clogging up land routes that bypass the U.S. Navy’s Hormuz stranglehold
By Jason MaSeptember 20, 2026
U.S. economy hits pivotal milestone: Spending on data centers and other information-processing hardware now exceeds housing investment
Real Estate
U.S. economy hits pivotal milestone: Spending on data centers and other information-processing hardware now exceeds housing investment
By Jason MaSeptember 20, 2026
da
Commentary
AI agents are agreeing and acting: machines are now smarter than humans. Their principals merely agree 
By Bhaskar ChakravortiSeptember 20, 2026
U.S.-China gastrodiplomacy: Despite political tension, fast food chains from both countries gain popularity in each other’s territory
Asia
U.S.-China gastrodiplomacy: Despite political tension, fast food chains from both countries gain popularity in each other’s territory
By Dee-Ann Durbin, Chan Ho-Him and The Associated PressSeptember 20, 2026
The economy has undergone a structural transformation that ended the low-cost era. ‘The regime change in inflation and interest rates is the outcome’
Economy
The economy has undergone a structural transformation that ended the low-cost era. ‘The regime change in inflation and interest rates is the outcome’
By Christopher Rugaber and The Associated PressSeptember 20, 2026
Trump says he will convert his planned arch to a ‘top grade military complex’ that can host drones, snipers and ammunition
Politics
Trump says he will convert his planned arch to a ‘top grade military complex’ that can host drones, snipers and ammunition
By Seung Min Kim and The Associated PressSeptember 20, 2026
On issue after issue, Trump has given Xi Jinping a pass — even on reports China is helping Iran. ‘I think he’s behaved reasonably well’
Politics
On issue after issue, Trump has given Xi Jinping a pass — even on reports China is helping Iran. ‘I think he’s behaved reasonably well’
By Josh Boak and The Associated PressSeptember 20, 2026
As high fuel costs force people to choose between filling up or buying groceries, Trump says ‘it’s a very inexpensive price to pay’ for the Iran war
Politics
As high fuel costs force people to choose between filling up or buying groceries, Trump says ‘it’s a very inexpensive price to pay’ for the Iran war
By Steve Peoples, Jesse Bedayn, Jonathan J. Cooper and The Associated PressSeptember 20, 2026
UN
Commentary
A hotter world, tighter budgets: World Wildlife Fund on Climate Week’s 2026 test
By Marcene MitchellSeptember 20, 2026
Zoom CEO Eric Yuan
Success
Zoom’s CEO agrees with Bill Gates, Jensen Huang, and Jamie Dimon: A 3-day workweek is coming soon thanks to AI
By Emma BurleighSeptember 20, 2026
Warren Buffett (left) with Bill Gates
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeSeptember 20, 2026
Dating apps are trying to cure swiping fatigue with pickleball, trivia nights, and fewer chats
Startups & Venture
Dating apps are trying to cure swiping fatigue with pickleball, trivia nights, and fewer chats
By Marco Quiroz-GutierrezSeptember 20, 2026
Young worker in job interview
Success
Hilton received 12,000 Gen Z applications for just 72 internship spots—its CHRO says AI has made the hospitality gigs more competitive
By Emma BurleighSeptember 20, 2026
Fortune Archive: Valley of the dollars
Newsletters
Fortune Archive: Valley of the dollars
By Nick LichtenbergSeptember 20, 2026
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Law
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
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
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
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