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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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Saudi’s economic transformation collides with war and falling FDI 
Saudi’s economic transformation collides with war and falling FDI 

In this week’s Fortune Gulf Brief.

By Melissa HancockOctober 7, 2026
Today’s home equity loan and HELOC rates, Oct. 7, 2026
Today’s home equity loan and HELOC rates, Oct. 7, 2026
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
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Photo of Donald Trump in Dublin
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
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? 

The Arsenal boss talks to Fortune on the link between health, leadership, and sporting success.

By Kamal AhmedOctober 6, 2026
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
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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
Home equity loan and HELOC rates, Sept. 15, 2026
Personal Finance
Home equity loan and HELOC rates, Sept. 15, 2026
By Joseph HostetlerSeptember 15, 2026
reagan
Success
The American Dream isn’t what you think it is
By Nick LichtenbergSeptember 15, 2026
The Pentagon admits that Iranian strikes damaged and destroyed hundreds of buildings at U.S. bases across the Middle East
Politics
The Pentagon admits that Iranian strikes damaged and destroyed hundreds of buildings at U.S. bases across the Middle East
By Ben Finley, Farnoush Amiri and The Associated PressSeptember 14, 2026
Saudi Arabia built the East-West pipeline in the 1980s in case Iran closed Hormuz. Tehran-backed militias still blasted it, sending oil prices up
Energy
Saudi Arabia built the East-West pipeline in the 1980s in case Iran closed Hormuz. Tehran-backed militias still blasted it, sending oil prices up
By Wyatte Grantham-Philips, Mae Anderson and The Associated PressSeptember 14, 2026
Mark Carney pitches Canada to global investors as ‘much more than being next to the United States’ and a reliable partner that ‘respects rule of law’
North America
Mark Carney pitches Canada to global investors as ‘much more than being next to the United States’ and a reliable partner that ‘respects rule of law’
By Rob Gillies and The Associated PressSeptember 14, 2026
t
AI
Trump tells Americans not to ‘kill the golden goose’ rejecting voters’ turn against AI and data centers
By Eva RoytburgSeptember 14, 2026
This Las Vegas casino just gave almost 10,000 workers more than $70 million in company stock to celebrate its 50th birthday
Workplace Culture
This Las Vegas casino just gave almost 10,000 workers more than $70 million in company stock to celebrate its 50th birthday
By Catherina GioinoSeptember 14, 2026
Photo of doctor with a patient
Health
You’re going to pay more for health insurance in 2027 as employers see costs jumping for the fifth straight year
By Mia OsmonbekovSeptember 14, 2026
Long COVID’s brain fog finally has a biological explanation: Dopamine loss
Health
Long COVID’s brain fog finally has a biological explanation: Dopamine loss
By Catherina GioinoSeptember 14, 2026
Uber’s CEO hints at cheaper rides after the company announced 3,300 corporate jobs
Big Tech
Uber’s CEO hints at cheaper rides after the company announced 3,300 corporate jobs
By Marco Quiroz-GutierrezSeptember 14, 2026
A man bags groceries in the check-out line, and a woman stands next to him.
Retail
‘All of us are going to pay’: 30% of Americans are taking out BNPL loans to pay for groceries, and it’s probably going to cost you
By Sasha RogelbergSeptember 14, 2026
Chris LeHane, OpenAi's vice president of global policy, gesturing with one hand outstretched while speaking on stage at a conference.
Politics
After ‘tense negotiations’ with OpenAI, California enacts law named for teen who consulted ChatGPT before suicide. It could become a national standard
By Emily ForliniSeptember 14, 2026
Spiking oil prices jolt U.S. bond yields past 5%, threatening to set off a vicious cycle of debt just as the Fed is expected to hike rates
Energy
Spiking oil prices jolt U.S. bond yields past 5%, threatening to set off a vicious cycle of debt just as the Fed is expected to hike rates
By Jason MaSeptember 14, 2026
President Donald Trump in attendance during day three of the Amgen Irish Open Golf Championship 2026 at Trump International Golf Links in Doonbeg, Clare.
Politics
Trump is freeing Irish whiskey from tariffs while tightening the screws on Canadian booze
By Joshua HongSeptember 14, 2026
OpenAI’s Sam Altman says Paul Graham’s Y Combinator taught him how to govern, not rule: ‘We won’t get every decision right’
C-Suite
OpenAI’s Sam Altman says Paul Graham’s Y Combinator taught him how to govern, not rule: ‘We won’t get every decision right’
By Tatiana SatauaSeptember 14, 2026
11
Health
We followed people’s memories of 9/11 over the past 25 years — they started hallucinating things by 2002 and never stopped
By Elizabeth A. Phelps, William Hirst and The ConversationSeptember 14, 2026
Sen. Cynthia Lummis
Crypto
Clarity Act odds soar as Trump approves new ethics provisions for closely watched crypto bill
By Camila Grigera NaónSeptember 14, 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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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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