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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

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Current price of oil as of October 6, 2026

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

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Current price of oil as of October 6, 2026
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Today’s home equity loan and HELOC rates, Oct. 7, 2026
Today’s home equity loan and HELOC rates, Oct. 7, 2026

By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.

By Joseph HostetlerOctober 7, 2026
A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax
A $13 billion property mogul is the latest to flee Britain’s new taxes for Monaco, a warning sign as California votes on a billionaire tax
By Sydney LakeOctober 7, 2026
Jane Fraser, sitting on a light-colored chair onstage, speaks and gestures with her hand.
Citi shortens its analyst program to two years as Wall Street fights private equity for young talent
By Sasha RogelbergOctober 7, 2026
Will AI kill the Asian entertainment industry, or reinvent it?
Will AI kill the Asian entertainment industry, or reinvent it?
By Angelica AngOctober 7, 2026
Gold bars
Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties
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
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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
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
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
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
How does debt relief work? Costs, risks, and what to expect
How does debt relief work? Costs, risks, and what to expect

When you hire a debt relief company, you typically stop making payments to creditors while the company tries to negotiate what you owe. There are risks, and it’s not guaranteed to work.

By Glen Luke FlanaganOctober 6, 2026
Finding value from AI in big companies comes down to people, not technology

Big companies need to overcome ‘learned helplessness’ and risk aversion to find ROI from AI, futurist Amy Webb says

By Jeremy KahnOctober 6, 2026
‘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
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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
An employee fixes part of a web server inside the Facebook Inc. Prineville Data Center in Prineville, Oregon, U.S.
Environment
Data centers are swapping water for forever chemicals to keep AI cool
By Joshua HongSeptember 18, 2026
Ed Sheeran asked Patriots owner Robert Kraft for $2 million aid donation after Macklemore was dropped from his tour for pro-Palestine comments
Arts & Entertainment
Ed Sheeran asked Patriots owner Robert Kraft for $2 million aid donation after Macklemore was dropped from his tour for pro-Palestine comments
By Marco Quiroz-GutierrezSeptember 18, 2026
Waymo to launch robotaxis in Singapore, its first Southeast Asia market, by 2028
Asia
Waymo to launch robotaxis in Singapore, its first Southeast Asia market, by 2028
By Angelica AngSeptember 17, 2026
Shopify CEO says employees’ ‘slop grenades’ are making more work for everyone else
AI
Shopify CEO says employees’ ‘slop grenades’ are making more work for everyone else
By Mia OsmonbekovSeptember 17, 2026
Oil is back above $100—but economists say that number isn’t the real threat to the U.S. economy
Energy
Oil is back above $100—but economists say that number isn’t the real threat to the U.S. economy
By Tatiana SatauaSeptember 17, 2026
Exclusive: OpenAI poaches Brian McCarthy from SpaceX to be its VP of worldwide sales
C-Suite
Exclusive: OpenAI poaches Brian McCarthy from SpaceX to be its VP of worldwide sales
By Emily ForliniSeptember 17, 2026
‘We need sufficient means of control before it is all too late’: King Charles III warns AI players on concerns of ‘existential dangers’
AI
‘We need sufficient means of control before it is all too late’: King Charles III warns AI players on concerns of ‘existential dangers’
By Kelvin Chan, The Associated Press and Catherina GioinoSeptember 17, 2026
Trump, Demis Hassabis, and Sam Altman
Newsletters
As AI CEOs clash over regulation, a new culture war is brewing
By Beatrice NolanSeptember 17, 2026
p
Investing
Goldman’s top strategist just added hard numbers to his earnings-bubble warning
By Nick LichtenbergSeptember 17, 2026
College grads shut out of AI-exposed majors since 2022 are ending up in retail and food service instead of the white-collar jobs they studied for
Economy
College grads shut out of AI-exposed majors since 2022 are ending up in retail and food service instead of the white-collar jobs they studied for
By Catherina GioinoSeptember 17, 2026
A critical pipeline that helped cushion the Hormuz shock just shut: Here’s what it reveals about corporate energy security
Commentary
A critical pipeline that helped cushion the Hormuz shock just shut: Here’s what it reveals about corporate energy security
By Mekala Krishnan, Shubham Singhal and Humayun TaiSeptember 17, 2026
dario
Commentary
The people building the most powerful AI are telling us to slow down. Congress should listen before it’s too late
By Brad CarsonSeptember 17, 2026
kris
Commentary
Crypto.com founder: Crypto’s battles will continue, but the war is over
By Kris MarszalekSeptember 17, 2026
tomas
Commentary
Former White House economist: science has delivered a cancer detection revolution, now the FDA must keep pace
By Tomas J. PhilipsonSeptember 17, 2026
Trump just explained why an AI agency cannot work. He is right
Commentary
Trump just explained why an AI agency cannot work. He is right
By Stavros GadinisSeptember 17, 2026
A man in an orange vest stands under a tent by a creek.
Environment
Americans’ data center fears are coming true—a New Jersey location just leaked 5,000 gallons of diesel
By Sasha RogelbergSeptember 17, 2026
Photo of Alexandre Arnault
Arts & Entertainment
Nike bets on a millennial Arnault heir after bleeding $200 billion and being ousted from the S&P 100
By Mia OsmonbekovSeptember 17, 2026
In transparency push, OpenAI discloses six more incidents of agents going rogue—including one removing the ‘obligation to be subservient’
AI
In transparency push, OpenAI discloses six more incidents of agents going rogue—including one removing the ‘obligation to be subservient’
By Emily ForliniSeptember 17, 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
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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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Current price of oil as of October 6, 2026placeholder alt text
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