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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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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
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
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
By The Associated Press and TERESA MEDRANOOctober 6, 2026
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
By Kirsty McGregor and Francesca CassidyOctober 6, 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 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
‘I was just kind of on my own’: Soldiers wounded in Iranian drone strike say the Army ‘took too long’ to treat their injuries

“I was just kind of on my own, at least it felt like that,” said Lincón, a veteran of wars in Iraq and Afghanistan.

By The Associated Press, Julie Watson, Jack Brook and Konstantin ToropinOctober 5, 2026
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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
Eva Olsson, Ellen Moons, and Mark Pearce sit in front of a screen displaying Francis Halzen as the recipient of the 2026 Nobel Prize in Physics during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 6, 2026. Belgian physicist Francis Halzen won the Nobel Prize in Physics for work on subatomic particles at the South Pole, the Nobel jury said.
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

96-year-old Buffett now 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
Brands are fleeing TV for social. The agency behind 50 Cent and Doordash’s viral Super Bowl-week ad just sold for at least $100 million

Exclusive: Get Engaged becomes a part of SAMY, a global social-first marketing company.

By Sydney LakeOctober 6, 2026
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joe
Commentary
Joe Kiani: We could cut 180,000 preventable hospital deaths a year. Here’s exactly why we haven’t
By Joe KianiSeptember 17, 2026
Europe’s CEOs are ready to turn its energy challenge into a competitive edge
Newsletters
Europe’s CEOs are ready to turn its energy challenge into a competitive edge
By Kirsty McGregorSeptember 17, 2026
Ryan Serhant says the American city isn’t dying—wealth is ‘multiplying,’ and buyers are flocking to Ohio, Alabama, and the Carolinas
Real Estate
Ryan Serhant says the American city isn’t dying—wealth is ‘multiplying,’ and buyers are flocking to Ohio, Alabama, and the Carolinas
By Sydney LakeSeptember 17, 2026
The home equity loan and HELOC rates, Sept. 17, 2026
Personal Finance
The home equity loan and HELOC rates, Sept. 17, 2026
By Joseph HostetlerSeptember 17, 2026
Mary Barra
Success
GM CEO Mary Barra says America has a ‘societal problem’ with skilled trades—and is putting $200 million behind training Gen Z to work with their hands
By Preston ForeSeptember 17, 2026
Warsh says AI’s hyperscalers are part of why your borrowing costs are rising: ‘The competition for capital is real’
Banking
Warsh says AI’s hyperscalers are part of why your borrowing costs are rising: ‘The competition for capital is real’
By Eva RoytburgSeptember 17, 2026
pelosi, pence
Politics
Exclusive: Inside the room where Nancy Pelosi and Mike Pence shared an emotional embrace in front of America’s leadership class
By Nick Lichtenberg and Eva RoytburgSeptember 16, 2026
Salesforce’s Marc Benioff to AI industry: Regulate yourselves or get sued
AI
Salesforce’s Marc Benioff to AI industry: Regulate yourselves or get sued
By Sebastian HerreraSeptember 16, 2026
A trader looks on as US Federal Reserve Chair Kevin Warsh is displayed on a television screen on the floor of the New York Stock Exchange (NYSE) in New York on September 16, 2026.
Economy
Stocks slide toward lowest level since July after Warsh’s hawkish press conference
By Eva RoytburgSeptember 16, 2026
Man sentenced in $35 million Ponzi scheme that defrauded Travis Kelce: I ‘did this out of greed’
Law
Man sentenced in $35 million Ponzi scheme that defrauded Travis Kelce: I ‘did this out of greed’
By Catherina GioinoSeptember 16, 2026
Boys play baseball using a soda bottle on a stick and a rubber doll's head instead of a bat and ball on a ball field in La Victoria in the Dominican Republic.
Law
The MLB and its Dominican pipeline is selling false promises and shady contracts to children as young as 11
By Joshua HongSeptember 16, 2026
Safeguard Global’s four-day workweek looked like a win—until burnout and secret Friday work pushed its CEO to ditch the mandate
Workplace Culture
Safeguard Global’s four-day workweek looked like a win—until burnout and secret Friday work pushed its CEO to ditch the mandate
By Mikaela Cohen and HR BrewSeptember 16, 2026
The Best Face Moisturizers in 2026: Creams and Lotions We Love
Health
The Best Face Moisturizers in 2026: Creams and Lotions We Love
By Emily PharesSeptember 16, 2026
America’s bedrot era: How the dopamine recession created the ‘couch economy’
Health
America’s bedrot era: How the dopamine recession created the ‘couch economy’
By Catherina GioinoSeptember 16, 2026
Japan has a problematic age gap: 100,000-plus residents are over 100 and the pension system is buckling
Asia
Japan has a problematic age gap: 100,000-plus residents are over 100 and the pension system is buckling
By Dave Lozo and Morning BrewSeptember 16, 2026
US President Donald Trump, right, and Kevin Warsh, chairman of the US Federal Reserve.
Banking
The Fed unanimously agrees to hike interest rates for the first time since 2023, despite Trump’s call for the ‘lowest rates’ in the world
By Eva RoytburgSeptember 16, 2026
Photo of Olivia Ferney
Travel & Leisure
Luxury travel expert Olivia Ferney charges $100K a year for planning billionaire travel—they’re easier to work with than millionaires, she says
By Mia OsmonbekovSeptember 16, 2026
Mark Zuckerberg says AI doesn’t need an industry-wide slowdown because market forces and competition will push companies to make their models safe
AI
Mark Zuckerberg says AI doesn’t need an industry-wide slowdown because market forces and competition will push companies to make their models safe
By Marco Quiroz-GutierrezSeptember 16, 2026
A woman gets out of a white Waymo van.
Innovation
Americans are so concerned about autonomous vehicles that Minneapolis is considering requiring drivers to sit inside Waymos
By Sasha RogelbergSeptember 16, 2026
AI agents are going rogue. CIOs are racing to put guardrails around them
Newsletters
AI agents are going rogue. CIOs are racing to put guardrails around them
By John KellSeptember 16, 2026
Anthropic logo
AI
Anthropic merges its Claude chat and agentic Cowork products into a single AI assistant as part of a push to build an AI superapp
By Beatrice NolanSeptember 16, 2026
goldman
Economy
Goldman says the economy is rewarding capital ownership over labor — and most Americans don’t own enough of it to benefit
By Nick LichtenbergSeptember 16, 2026
Sam Altman, sitting and holding a microphone to his mouth
Success
Sam Altman says he likes to relax by watching 5-10 minutes of short-form, TikTok-style videos—but admits the dopamine rush is ‘dangerous’ for kids
By Preston ForeSeptember 16, 2026
Gen Zer living with her mother, sitting on porch
Success
1 in 3 Gen Z and millennials are stuck in their parents’ home—now, Airbnb is swooping in with a $250 million fund for affordable rental homes
By Emma BurleighSeptember 16, 2026
Kevin Warsh, chairman of the Federal Reserve, on a sunny day.
Banking
Hot or not? The economy’s fate rests on Kevin Warsh’s answer to one key question
By Eva RoytburgSeptember 16, 2026
Keerthi Moudgal (left), Kevin Miao (center,) and Lucas Vogelsang (right) stand smiling at the camera.
Crypto
Exclusive: Tare raises $13 million from Blockchain Capital to manage private credit transactions on the blockchain
By Camila Grigera NaónSeptember 16, 2026
varun
Commentary
Data centers can be good citizens. It’s why we’re partnering with Google and Nvidia to create the AI Energy Management Alliance 
By Varun SivaramSeptember 16, 2026
HSBC building at the heart of Canary Wharf financial district.
Energy
Finance is the most dominant sector by revenue, new Fortune 500 Europe list shows
By Sheryl EstradaSeptember 16, 2026
Current price of oil as of Sept. 16, 2026
Personal Finance
Current price of oil as of September 16, 2026
By Joseph HostetlerSeptember 16, 2026
Current price of Bitcoin for Sept. 16, 2026
Personal Finance
Current price of Bitcoin for September 16, 2026
By Joseph HostetlerSeptember 16, 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
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
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
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