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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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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
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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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Bernie Sanders says if AI is coming for workers, it should bring a four-day workweek with it
Politics
Bernie Sanders says if AI is coming for workers, it should bring a four-day workweek with it
By Tatiana SatauaSeptember 15, 2026
CADDi founder and CEO Yushiro Kato.
Innovation
Exclusive: Manufacturing AI startup CADDi valued at $1.2 billion following $114 million Series D funding round
By Jeremy KahnSeptember 15, 2026
Cam Skattebo #44 of the New York Giants celebrates a touchdown during the first quarter against the Dallas Cowboys at MetLife Stadium.
Arts & Entertainment
Shrinkflation is coming for pro sports: The cost of watching the NFL jumped 28.6%—and attending a game 72%—since 2015
By Joshua HongSeptember 15, 2026
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
AI
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
By Fortune EditorsSeptember 15, 2026
A person at a desk looking over a form.
Personal Finance
What is a certificate of insurance, and why do businesses need one?
By Joseph HostetlerSeptember 15, 2026
How to lower your car insurance premium without sacrificing coverage
Personal Finance
How to lower your car insurance premium without sacrificing coverage
By Joseph HostetlerSeptember 15, 2026
Elena Rybakina
Success
Gen Z tennis star Elena Rybakina turned down 15 colleges to keep playing tennis—now she’s a U.S. Open champion and no. 1 in the world
By Emma BurleighSeptember 15, 2026
Digital shelf labels are supposed to save shoppers money. A new NJ law says they could do the opposite—and put a one-year freeze on them
Retail
Digital shelf labels are supposed to save shoppers money. A new NJ law says they could do the opposite—and put a one-year freeze on them
By Alex Vuocolo and Retail BrewSeptember 15, 2026
The unpaid ‘work trial’ is the new job-market tax on candidates who can least afford it
Success
The unpaid ‘work trial’ is the new job-market tax on candidates who can least afford it
By Matty Merritt and Morning BrewSeptember 15, 2026
An illustration of a person holding a stack of papers.
Personal Finance
What all-in-one accounting platforms are available?
By Joseph HostetlerSeptember 15, 2026
Walmart heirs Olivia and Tom Walton are committing $100 million to America’s maternal death crisis—and betting states and donors will pour in more
Health
Walmart heirs Olivia and Tom Walton are committing $100 million to America’s maternal death crisis—and betting states and donors will pour in more
By Sydney LakeSeptember 15, 2026
Current price of oil as of Sept. 15, 2026
Personal Finance
Current price of oil as of Sept. 15, 2026
By Joseph HostetlerSeptember 15, 2026
Current price of Bitcoin for Sept. 15, 2026
Personal Finance
Current price of Bitcoin for Sept. 15, 2026
By Joseph HostetlerSeptember 15, 2026
Current price of Ethereum for Sept. 15, 2026
Personal Finance
Current price of Ethereum for Sept. 15, 2026
By Joseph HostetlerSeptember 15, 2026
Top CD rates from major banks Sept. 15, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on Sept. 15, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerSeptember 15, 2026
alec
Success
I joined Citadel at 7 employees and left at $10 billion. Here’s what those years taught me about building an edge
By Alec LitowitzSeptember 15, 2026
Mark Zuckerberg is outsourcing his thinking to AI. It shows in his new ‘personal AI agent’ experiment
Commentary
Mark Zuckerberg is outsourcing his thinking to AI. It shows in his new ‘personal AI agent’ experiment
By Julio Ottino and Brian UzziSeptember 15, 2026
strokes
Success
Millennials have peaked — now they’re having their ‘is this it?’ moment
By Nick LichtenbergSeptember 15, 2026
Coca-Cola to invest $10 billion in U.S. growth through 2030, says CFO
Economy
Coca-Cola to invest $10 billion in U.S. growth through 2030, says CFO
By Sheryl EstradaSeptember 15, 2026
How construction loans work: Rates, requirements, and costs
Personal Finance
How construction loans work: Rates, requirements, and costs
By Glen Luke FlanaganSeptember 15, 2026
baton
Startups & Venture
Exclusive: The great boomer business handover just got its own Zestimate
By Nick LichtenbergSeptember 15, 2026
Harvard Kennedy fellow Shlomit Wagman: The U.S. and China will never trust each other on AI. That may not matter
Commentary
Harvard Kennedy fellow Shlomit Wagman: The U.S. and China will never trust each other on AI. That may not matter
By Shlomit WagmanSeptember 15, 2026
Sam Altman says OpenAI’s IPO window has been pushed to 2027—but markets aren’t the culprit
Newsletters
Sam Altman says OpenAI’s IPO window has been pushed to 2027—but markets aren’t the culprit
By Allie GarfinkleSeptember 15, 2026
A view of a bus shelter at 13th and I St's NW where an electronic billboard and a poster display the current U.S. National debt per person and as a nation at 40 Trillion Dollars on August 30, 2026 in Washington, DC.
Economy
As 10-year Treasury yield hits 5%, debt hawks are eyeing a national debt spiral: ‘If this isn’t a wake-up call, I don’t know what will be’
By Eleanor PringleSeptember 15, 2026
Photo: Traders on the floor of the New York Stock Exchange.
Newsletters
Global selloff in stocks as bond market enters ‘new era’ of risk
By Jim EdwardsSeptember 15, 2026
Mustafa Dar (left) and Nabeel Alamgir (right) stand in front of the Charing Bull, the bronze sculpture located in Wall Street.
Crypto
Exclusive: Expa and Coinbase Ventures-backed Fin.com emerges from stealth with $20 million seed round to build out global stablecoin infrastructure
By Camila Grigera NaónSeptember 15, 2026
ikea
Commentary
A tale of two economies: Why IKEA’s strategy is the antidote to the middle-class margin collapse
By Katica RoySeptember 15, 2026
China may have a green energy overcapacity problem. Experts think AI can help solve it
Energy
China may have a green energy overcapacity problem. Experts think AI can help solve it
By Angelica AngSeptember 15, 2026
Kate Dohaney says AI demands a different type of leadership—‘I’m not a CEO sitting back saying cut, cut, cut’
Europe
Kate Dohaney says AI demands a different type of leadership—‘I’m not a CEO sitting back saying cut, cut, cut’
By Kamal AhmedSeptember 15, 2026
Trump’s ‘largest deregulatory action ever’ in the power sector will keep old coal plants online longer to fuel the AI boom
Environment
Trump’s ‘largest deregulatory action ever’ in the power sector will keep old coal plants online longer to fuel the AI boom
By Jordan BlumSeptember 15, 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
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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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