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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

3

Current price of oil as of October 6, 2026
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Gold bars
Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

Rush will give up 298 gold bars, Palm Beach and Jupiter Island real estate, 35 watches, two BMW Alpinas and about $40 million in cash.

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
Photo of Donald Trump in Dublin
OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’
By Emily ForliniOctober 6, 2026
How does debt relief work? Costs, risks, and what to expect
How does debt relief work? Costs, risks, and what to expect
By Glen Luke FlanaganOctober 6, 2026
ads
Researchers tracked $80 million in political ads using AI—and Republicans were behind 83% of them
By Travis N. Ridout, Erika Franklin Fowler, Michael Franz and The ConversationOctober 6, 2026
Futurist Amy Webb speaking at the Fortune AIQ Summit.
Finding value from AI in big companies comes down to people, not technology
By Jeremy KahnOctober 6, 2026
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News
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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
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
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
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
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a
‘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
Gen Z’s new American Dream: Skip the mortgage, book the flight

Young Americans are trading square footage, new cars, and even moving out for plane tickets, even as airfares jump more than 20%.

By Bilin LinOctober 6, 2026
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
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Dario Amodei
AI
Anthropic CEO calls to slow the race toward AI ‘superintelligence,’ and grants outside evaluators permanent access
By Beatrice NolanSeptember 12, 2026
Mark Penn: How to save a billion and a half hours
Commentary
Mark Penn: How to save a billion and a half hours
By Mark PennSeptember 12, 2026
The world’s largest health and beauty retailer says AI will make shopping ‘more human, not less’
Asia
The world’s largest health and beauty retailer says AI will make shopping ‘more human, not less’
By Nicholas GordonSeptember 12, 2026
‘No one was coming to save me’: How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn’t fix
Success
‘No one was coming to save me’: How Reese Witherspoon built a $900 million company from a problem Hollywood wouldn’t fix
By Sydney LakeSeptember 12, 2026
Jamie Dimon runs JPMorgan’s 300,000 employees—but says it beats rivals by fighting in Navy SEAL-sized teams
Workplace Culture
Jamie Dimon runs JPMorgan’s 300,000 employees—but says it beats rivals by fighting in Navy SEAL-sized teams
By Marco Quiroz-GutierrezSeptember 12, 2026
Two girls look at a laptop placed on a desk.
AI
American schools weren’t broken until Silicon Valley used a lie to convince them they were—now reading and math scores are plummeting
By Sasha RogelbergSeptember 12, 2026
IBM launched limb tracking at this year’s U.S. Open – and it’s scoring every tennis player’s serve for fans to see
Arts & Entertainment
IBM launched limb tracking at this year’s U.S. Open – and it’s scoring every tennis player’s serve for fans to see
By Benjamin SnyderSeptember 12, 2026
school
Commentary
The Chamber of Commerce and the College Board on the missing subject in American high schools: business 
By Neil Bradley and Greg WalkerSeptember 12, 2026
cartel
Commentary
The ghost cartel — your pricing algorithm may have stopped competing without your knowledge
By François Candelon, Paul-Louis Andres and Augustin ManchonSeptember 12, 2026
js
Commentary
Boards were built for a vertical world. Risk has gone horizontal
By Jane SadowskySeptember 12, 2026
mz
Commentary
A flawed system and one man’s hubris cost Meta shareholders $17 billion
By Andrew BeharSeptember 12, 2026
ai
Commentary
From AI FOMO to AI hangover: corporate America is taking a long, hard look in the mirror right now
By David RockSeptember 12, 2026
After a decade of failed bills and three years of resignations, Washington finally discovers it cares about AI safety
AI
After a decade of failed bills and three years of resignations, Washington finally discovers it cares about AI safety
By Catherina GioinoSeptember 12, 2026
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025.
Workplace Culture
Mark Zuckerberg’s Meta bet that AI would shrink its management ranks. Now it’s quietly rebuilding them
By Fernanda TroncoSeptember 12, 2026
Photo of Peter Levin
Investing
‘Combine your passion with an investment strategy’: Meet the VC using 500,000 Pokémon and trading cards as a hedge against a debt crisis
By Joshua HongSeptember 12, 2026
Technology can help people sound fluent in a language, but proficiency still requires human interaction, expert says
AI
Technology can help people sound fluent in a language, but proficiency still requires human interaction, expert says
By Tatiana SatauaSeptember 12, 2026
Lululemon’s new CEO inherits a mess that looks like the one she left at Nike
Law
Lululemon’s new CEO inherits a mess that looks like the one she left at Nike
By Phil WahbaSeptember 12, 2026
Binge watching and binge shopping come together: Amazon lets Prime viewers buy what characters wear and use, or the next closest thing
Arts & Entertainment
Binge watching and binge shopping come together: Amazon lets Prime viewers buy what characters wear and use, or the next closest thing
By Marco Quiroz-GutierrezSeptember 11, 2026
Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude’s other chokepoint
Middle East
Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude’s other chokepoint
By Jason MaSeptember 11, 2026
Howard Lutnick, Larry Silverstein, Jim Pierce and Mitt Romney all had last-minute changes of plan that kept them out of the WTC on 9/11
North America
Howard Lutnick, Larry Silverstein, Jim Pierce and Mitt Romney all had last-minute changes of plan that kept them out of the WTC on 9/11
By Catherina GioinoSeptember 11, 2026
A person working on a panel with a question mark.
Personal Finance
What accounting software is easiest for a small business to use?
By Joseph HostetlerSeptember 11, 2026
Microsoft head of communications Frank Shaw leaving after nearly 30 years of shaping the software giant’s public messaging
Big Tech
Microsoft head of communications Frank Shaw leaving after nearly 30 years of shaping the software giant’s public messaging
By Sebastian HerreraSeptember 11, 2026
Chair of the Federal Reserve Kevin Warsh.
Banking
Wall Street thought the Powell hike was over. Now Kevin Warsh has his ‘back against the wall’
By Eva RoytburgSeptember 11, 2026
Photo of Sam Altman
AI
OpenAI has paused its $200 ChatGPT sign-ups as ‘unprecedented’ demand for new model Astra strains its system
By Mia OsmonbekovSeptember 11, 2026
Fortune 500 Power Moves: Which executives gained and lost power this week, Sept. 5-11, 2026
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power this week, Sept. 5-11, 2026
By Fortune EditorsSeptember 11, 2026
A student at a high school sits in front of a laptop and uses an AI tool.
AI
Students are using AI in school and test scores are down, but the OECD finds that those who use it once or twice a week perform similarly to nonusers
By Joshua HongSeptember 11, 2026
The U.S. Open turned exclusivity into a half-billion-dollar business, and the $23 Honey Deuce is just the beginning
Travel & Leisure
The U.S. Open turned exclusivity into a half-billion-dollar business, and the $23 Honey Deuce is just the beginning
By Fernanda TroncoSeptember 11, 2026
Women hold more U.S. jobs than men—but still earn far less starting the day they graduate
Economy
Women hold more U.S. jobs than men—but still earn far less starting the day they graduate
By Muskaan ArshadSeptember 11, 2026
Young Gen Zers talk in office
Success
50 multimillionaire Gen Zers went on a two-week Goldman Sachs bootcamp—they learned how to read the news, invest in art, and communicate better
By Emma BurleighSeptember 11, 2026
Two joyful female graduates celebrating with their graduation regalia
Success
Even low-ranked colleges can be a ticket to six figures: Graduates earn $100K+ a decade later—more than twice as much as high school grads
By Preston ForeSeptember 11, 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
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
Personal Finance
Current price of oil as of October 6, 2026placeholder alt text
By Joseph HostetlerOctober 6, 2026
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