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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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News
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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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warsh
Investing
‘Crazy days’ and ‘silly season’ in the stock market raise the prospect of a ‘late-stage’ AI bubble finally popping
By Nick LichtenbergSeptember 14, 2026
Photo of OpenAI CEO Sam Altman speaking at a G20 meeting.
AI
OpenAI may have violated California’s AI safety law with latest model releases, AI watchdog says
By Beatrice Nolan and Emily ForliniSeptember 14, 2026
Traders work on the floor of the New York Stock Exchange during morning trading on September 14, 2026 in New York City.
Big Tech
Wall Street’s AI doomsday trade is here: chipmakers sink while hyperscalers gain
By Eva RoytburgSeptember 14, 2026
Michael Dell
Success
Michael Dell is now the fifth richest person in the world—his worth has nearly doubled to $262 billion in the last year alone thanks to AI
By Emma BurleighSeptember 14, 2026
Scott Kirby gesturing behind a Airbus XLRs
Success
United CEO caps meetings to 4 hours a day and has a strict rule for PowerPoint presentations: ‘You’re not going to read slides to me’
By Preston ForeSeptember 14, 2026
Top CD rates from major banks Sept. 14, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on September 14, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerSeptember 14, 2026
Current price of Ethereum for Sept. 14, 2026
Personal Finance
Current price of Ethereum for September 14, 2026
By Joseph HostetlerSeptember 14, 2026
Current price of Bitcoin for Sept. 14, 2026
Personal Finance
Current price of Bitcoin for September 14, 2026
By Joseph HostetlerSeptember 14, 2026
Current price of oil as of Sept. 14, 2026
Personal Finance
Current price of oil as of September 14, 2026
By Joseph HostetlerSeptember 14, 2026
Three Spirit Airlines jets, painted in the company's yellow and black livery, lined up on an airport tarmac.
AI
Google wants Spirit Airlines’ data. Micro1 wants to pay more
By Wen ShaoSeptember 14, 2026
Microsoft AI chief: ‘Now’s the time’ for top labs to coordinate on safety
AI
Microsoft AI chief: ‘Now’s the time’ for top labs to coordinate on safety
By Sebastian HerreraSeptember 14, 2026
The U.S. stock market is having a Napster moment—the Robinhood-AMC fight is just the beginning
Newsletters
The U.S. stock market is having a Napster moment—the Robinhood-AMC fight is just the beginning
By Jeff John RobertsSeptember 14, 2026
AI is powerful. Human expertise makes it matter
AI
AI is powerful. Human expertise makes it matter
By Dave BozemanSeptember 14, 2026
OpenAI’s IPO wait grows longer as AI safety fears mount
Big Tech
OpenAI’s IPO wait grows longer as AI safety fears mount
By Sheryl EstradaSeptember 14, 2026
FHA loan pros and cons: Is this the right mortgage for you?
Personal Finance
FHA loan pros and cons: Is this the right mortgage for you?
By Glen Luke FlanaganSeptember 14, 2026
OpenAI CEO Sam Altman sits down with Fortune's editor-in-chief to discuss the high-stakes balancing act of AI.
C-Suite
AI’s leaders have a problem: They fear the race they’re trying to win
By Ruth UmohSeptember 14, 2026
da
Newsletters
The AI apocalypse warning that finally went mainstream
By Allie GarfinkleSeptember 14, 2026
AWXI - Day 1
Commentary
Ziff Davis CEO: if OpenAI can find $750 billion for data centers, it can find money for publishers, too
By Vivek ShahSeptember 14, 2026
Scott Bessent, US treasury secretary, and Bret Baier, Fox News anchor, during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, June 23, 2026.
Economy
Scott Bessent warned the bond market ‘has taken down more governments than howitzers’: That theory may give the Fed’s Warsh room to breathe this week
By Eleanor PringleSeptember 14, 2026
Photo: Kevin Warsh
Newsletters
With his credibility on the line, the Fed’s Warsh will be forced to raise interest rates this week
By Jim EdwardsSeptember 14, 2026
Stacey Zolt Hara
Commentary
How employee anxiety masquerades as performance, then backfires
By Stacey Zolt HaraSeptember 14, 2026
Photo of Jamie Dimon
C-Suite
Jamie Dimon says the American Dream is slipping away. The dysfunctional baby boomer retirement wave is a major part of the problem
By Nick LichtenbergSeptember 14, 2026
Humanoids will have their ‘GPT-3.5’ moment within 5 years, says AGIBOT co-founder Yao Maoqing
Innovation
Humanoids will have their ‘GPT-3.5’ moment within 5 years, says AGIBOT co-founder Yao Maoqing
By Angelica AngSeptember 14, 2026
AI is remaking the workforce faster than universities can decide how—or whether—to teach it
AI
AI is remaking the workforce faster than universities can decide how—or whether—to teach it
By Marco Quiroz-GutierrezSeptember 14, 2026
Home equity loan and HELOC rates: Sept. 14, 2026
Personal Finance
Home equity loan and HELOC rates, Sept. 14, 2026
By Joseph HostetlerSeptember 14, 2026
Two people browse books in a bookstore.
AI
‘They’re likely to get squeezed’: AI slop books are flooding online marketplaces—and it’s coming at the expense of paychecks for human authors
By Sasha RogelbergSeptember 14, 2026
Even Americans earning more than $155,000 now call themselves ‘working class’—a sign of how far the affordability crisis has spread
Economy
Even Americans earning more than $155,000 now call themselves ‘working class’—a sign of how far the affordability crisis has spread
By Muskaan ArshadSeptember 14, 2026
Trump will look into requests from families of 9/11 victims to release records that could shed light on Saudi Arabia’s alleged role
Politics
Trump will look into requests from families of 9/11 victims to release records that could shed light on Saudi Arabia’s alleged role
By The Associated PressSeptember 13, 2026
Stocks are in a late-stage bubble and poised to crash 21% next year, while Treasury yields above 5% will signal a new era of tight money, analysts say
Investing
Stocks are in a late-stage bubble and poised to crash 21% next year, while Treasury yields above 5% will signal a new era of tight money, analysts say
By Jason MaSeptember 13, 2026
While Barack Obama urges Democrats to make AI a campaign issue, Trump downplays the need to slow development despite dire warnings 
AI
While Barack Obama urges Democrats to make AI a campaign issue, Trump downplays the need to slow development despite dire warnings 
By Darlene Superville, Didi Tang and The Associated PressSeptember 13, 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
Success
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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