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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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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
a
‘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
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
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News
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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
More in Asia
Global
More in Global
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

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
Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows

Buffett, at 96, 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
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warsh
Commentary
Kevin Warsh just revealed a huge change for the Fed. The press missed it
By Steve H. Hanke and John GreenwoodSeptember 18, 2026
U.S. President Donald Trump walks on stage to speak on the first day of the 2026 Republican National Convention at the American Airlines Center.
Politics
‘It’s a dumb idea’: Republicans split from proposed ‘Trump dividend’ $5,000 plan if GOP wins midterms
By The Associated Press and Mike CataliniSeptember 18, 2026
President Donald Trump speaks during a dinner in the Rose Garden of the White House.
Politics
‘No one knows what is in these deals’: Trump set to announce new Medicaid drug pricing model amid affordability concerns
By The Associated Press and Fatima HusseinSeptember 18, 2026
Card companies are on a ‘land grab’ to set the standards for AI shopping, even as consumers aren’t yet comfortable handing over purchases to a bot
Health
Card companies are on a ‘land grab’ to set the standards for AI shopping, even as consumers aren’t yet comfortable handing over purchases to a bot
By Tatiana SatauaSeptember 18, 2026
Spiegel, Co-Founder & CEO, Snap Inc, speaks onstage during the SPECS Launch Keynote.
Big Tech
Snap is betting $3.5 billion on AR glasses that businesses can use as CEO Evan Spiegel sees a post-smartphone era
By Joshua HongSeptember 18, 2026
Billboard image of Sydney Sweeney Novig ad where she poses naked with a football covering her chest.
Crypto
Sydney Sweeney doesn’t just star in controversial ads. She helps engineer them
By Camila Grigera NaónSeptember 18, 2026
Fortune 500 Power Moves: Which executives gained and lost power this week, Sept. 12-18, 2026
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power this week, Sept. 12-18, 2026
By Fortune EditorsSeptember 18, 2026
The Best Eye Creams in 2026: Tested for Dark Circles, Puffiness, and Fine Lines
Health
The Best Eye Creams in 2026: Tested for Dark Circles, Puffiness, and Fine Lines
By Christina SnyderSeptember 18, 2026
A person holding a laptop in a coffee shop.
Personal Finance
QuickBooks Free review: Is the $0 plan enough for your business?
By Joseph HostetlerSeptember 18, 2026
Meet Warren Buffett’s son Howard, a former sheriff, war photographer, and now, Berkshire’s new chairman
C-Suite
Meet Warren Buffett’s son Howard, a former sheriff, war photographer, and now, Berkshire’s new chairman
By Catherina GioinoSeptember 18, 2026
A person in a florist shop looking at a computer.
Personal Finance
QuickBooks Solopreneur vs. Simple Start: Which one fits your business?
By Joseph HostetlerSeptember 18, 2026
Ann-Marie Campbell
Success
A Home Depot exec is going viral on X for her ‘perfect’ resume. She started out as a cashier and has worked her way up to a $1 million salary
By Preston ForeSeptember 18, 2026
Whole Foods worker
Success
Amazon is investing $230 million in higher pay, benefits, and college perks for more than 100,000 Whole Foods workers—bumping up hourly pay to $21
By Emma BurleighSeptember 18, 2026
Warren Buffett abruptly steps down as Berkshire chair as ‘Father Time’ wins, handing role to son Howard who will ‘guard its culture and values’
C-Suite
Warren Buffett abruptly steps down as Berkshire chair as ‘Father Time’ wins, handing role to son Howard who will ‘guard its culture and values’
By Jason MaSeptember 18, 2026
Should you fear private market assets in your 401(k)? Georgetown Retirement Research says no
Commentary
Should you fear private market assets in your 401(k)? Georgetown Retirement Research says no
By Angela M. AntonelliSeptember 18, 2026
Onchain finance is coming to Wall Street—and ignoring it is no longer an option
Crypto
Onchain finance is coming to Wall Street—and ignoring it is no longer an option
By Jake Chervinsky and Rebecca RettigSeptember 18, 2026
Current price of oil as of Sept. 18, 2026
Personal Finance
Current price of oil as of September 18, 2026
By Joseph HostetlerSeptember 18, 2026
Current price of Bitcoin for Sept. 18, 2026
Personal Finance
Current price of Bitcoin for September 18, 2026
By Joseph HostetlerSeptember 18, 2026
Current price of Ethereum for Sept. 18, 2026
Personal Finance
Current price of Ethereum for September 18, 2026
By Joseph HostetlerSeptember 18, 2026
Top CD rates from major banks Sept. 18, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on September 18, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerSeptember 18, 2026
AT&T CFO Pascal Desroches reflects on a nearly 40-year finance career before retiring
C-Suite
AT&T CFO Pascal Desroches reflects on a nearly 40-year finance career before retiring
By Sheryl EstradaSeptember 18, 2026
ryan
Commentary
The secret truth is corporate America is moving too slow on AI. Some of it is caution and some is terrible recruitment 
By Ryan McManusSeptember 18, 2026
Chair of the Taiwan Stock Exchange on the index’s near future
Newsletters
Chair of the Taiwan Stock Exchange on the index’s near future
By Nicholas GordonSeptember 18, 2026
Three guys using Anthropic’s Claude hacked into OpenAI and accessed its source code for $6,500 reward
Newsletters
Three guys using Anthropic’s Claude hacked into OpenAI and accessed its source code for $6,500 reward
By Jim EdwardsSeptember 18, 2026
Ricardo Semler on the prisoner’s dilemma on data centers: trillions of dollars obsolete in just a few years
Commentary
Ricardo Semler on the prisoner’s dilemma on data centers: trillions of dollars obsolete in just a few years
By Ricardo SemlerSeptember 18, 2026
Man smiling in a suit and tie
Commentary
S&P kept Oracle investment grade. Its own numbers don’t support that call.
By Kevin KoharkiSeptember 18, 2026
bjorn
Commentary
I tried a 4-day workweek at my company and it failed — for some of my employees
By Bjorn ReynoldsSeptember 18, 2026
The home equity loan and HELOC rates, Sept. 18, 2026
Personal Finance
The home equity loan and HELOC rates, Sept. 18, 2026
By Joseph HostetlerSeptember 18, 2026
Insilico Medicine’s Alex Zhavoronkov bets China and AI can deliver the drug industry’s next breakthrough 
Asia
Insilico Medicine’s Alex Zhavoronkov bets China and AI can deliver the drug industry’s next breakthrough 
By Nicholas GordonSeptember 18, 2026
The same algorithm Gen Z fears is managing its portfolio
Future of Work
The same algorithm Gen Z fears is managing its portfolio
By Catherina GioinoSeptember 18, 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
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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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