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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
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News
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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
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
Futurist Amy Webb speaking at the Fortune AIQ Summit.
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
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
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
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The logo of the decentralized prediction market platform Polymarket displays on the screen of a smartphone placed in front of a background showing a list of active bets,
Investing
A four-time Fortune 500 CFO makes a huge career bet—on joining Polymarket
By Sheryl EstradaSeptember 11, 2026
Man working late at night
Commentary
Work-life balance is a luxury. Buy it later.
By Emil BarrSeptember 11, 2026
Scott Bessent, US treasury secretary, during the first day of the Republican Midterm Convention at the American Airlines Center in Dallas, Texas, US, on Wednesday, Sept. 9, 2026.
Economy
‘If the Bloomberg Terminal bros are unhappy with what I’m doing, that’s too bad’: Bessent says he’ll continue ‘ignoring the noise’
By Eleanor PringleSeptember 11, 2026
ed
Commentary
AI is now part of the edtech stack — and schools are repeating the mistake they made in every wave before
By Caroline CasagrandeSeptember 11, 2026
Julia Hoggett, chief executive of the London Stock Exchange, 2026
Europe
After a wave of delistings, can London’s stock market reverse the decline?
By Sam BirchallSeptember 11, 2026
dario
Newsletters
Everyone agrees AI could kill us all. Congress is thinking about maybe doing something about it.
By Jim EdwardsSeptember 11, 2026
NVP’s Vaughn Crowe on how manufacturing and industrials hit their venture moment
Newsletters
NVP’s Vaughn Crowe on how manufacturing and industrials hit their venture moment
By Allie GarfinkleSeptember 11, 2026
Billionaire Robert Kraft paused his Columbia giving over campus antisemitism. Now the Patriots owner is putting $10M into Jewish life at Brandeis
Success
Billionaire Robert Kraft paused his Columbia giving over campus antisemitism. Now the Patriots owner is putting $10M into Jewish life at Brandeis
By Sydney LakeSeptember 11, 2026
How often you check your phone matters more than how long you spend on it—and if you watch brain rot, you’re burning yourself out
Health
How often you check your phone matters more than how long you spend on it—and if you watch brain rot, you’re burning yourself out
By Catherina GioinoSeptember 11, 2026
Home equity loan and HELOC rates: Sept. 11, 2026
Personal Finance
Home equity loan and HELOC rates, Sept. 11, 2026
By Joseph HostetlerSeptember 11, 2026
Exec gave his Gen Z kids a list of  ‘daddy tips’ when they became old enough to work—it included showing up on time and ‘bringing value to a meeting’
Success
Exec gave his Gen Z kids a list of  ‘daddy tips’ when they became old enough to work—it included showing up on time and ‘bringing value to a meeting’
By Orianna Rosa RoyleSeptember 11, 2026
nato
Commentary
NATO Innovation Fund on liftoff: the first European private company reaching orbit
By Patrick Schneider Sikorsky and David OrdonezSeptember 11, 2026
AI solves overtourism’s ‘concentration problem’ by helping people find hidden gems, says Klook cofounder Ethan Lin
Travel & Leisure
AI solves overtourism’s ‘concentration problem’ by helping people find hidden gems, says Klook cofounder Ethan Lin
By Angelica AngSeptember 11, 2026
Meta built an AI that can shop for you. The problem is that most people don’t want AI spending their money
AI
Meta built an AI that can shop for you. The problem is that most people don’t want AI spending their money
By Tatiana SatauaSeptember 11, 2026
$9.999 and maxed out: California diesel prices overwhelm pump displays as global supply crunch worsens
Energy
$9.999 and maxed out: California diesel prices overwhelm pump displays as global supply crunch worsens
By Jordan BlumSeptember 10, 2026
An ex-Anthropic researcher claims AI could kill us all by 2030. But he fails to answer the most essential question: What are we supposed to do about it?
AI
An ex-Anthropic researcher claims AI could kill us all by 2030. But he fails to answer the most essential question: What are we supposed to do about it?
By Emily ForliniSeptember 10, 2026
Photo of Ryanair CEO
Travel & Leisure
Ryanair’s CEO warns travelers that cheap European flights may not last if oil remains above $100 a barrel into next year
By Mia OsmonbekovSeptember 10, 2026
Anthropic CEO Dario Amodei.
Newsletters
Anthropic’s new research maps three wildly different futures for the AI economy—and the future of knowledge work
By Beatrice NolanSeptember 10, 2026
Giant LED display of the Nasdaq logo in a building.
Crypto
Nasdaq bets big on tokenized stocks with $100 million investment in Kraken parent Payward
By Camila Grigera NaónSeptember 10, 2026
A dock workers watching a crane hoist up shipping containers.
Economy
‘The global economy as we know it would come to a sudden halt’: Shipping authorities from 18 countries warn of a ‘two-tier’ system imperiling trade
By Sasha RogelbergSeptember 10, 2026
da
AI
Why did this AI doomer moment break the internet when so many others didn’t?
By Nick LichtenbergSeptember 10, 2026
Scott Bessent dared the $32 trillion bond market with ‘I am the house now’ statement. It didn’t listen
Economy
Scott Bessent dared the $32 trillion bond market with ‘I am the house now’ statement. It didn’t listen
By Marco Quiroz-GutierrezSeptember 10, 2026
Kevin Warsh, chairman of the US Federal Reserve, walks the grounds during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 28, 2026.
Economy
Inflation won’t die. Now the bond market is daring the Fed to do something about it
By Eva RoytburgSeptember 10, 2026
t
Commentary
Trump’s $5,000 pledge and the bond market revolt shows it’s a voter bribe — costing every American $8,000
By Jeffrey Sonnenfeld and Steven TianSeptember 10, 2026
This illustration shows plastic containers, cutlery and plastic wrapped food packaging.
Health
It’s not just food: The plastic packaging your food comes in may carry cancer-linked chemicals, and most go untested
By Joshua HongSeptember 10, 2026
Picture of a screen displaying stock market data on the floor of the New York Stock Exchange.
Banking
OpenAI courts Wall Street with ChatGPT for financial services, developed with Morgan Stanley
By Emily ForliniSeptember 10, 2026
Trump’s first term had real stimulus checks. His second has promised ones tied to problems he started
Politics
Trump’s first term had real stimulus checks. His second has promised ones tied to problems he started
By Catherina GioinoSeptember 10, 2026
trump
Economy
Trump’s $5,000 ‘dividend’ is really a $1.15 trillion hole in the deficit, top economist estimates
By Nick LichtenbergSeptember 10, 2026
Dino Mavrookas wearing a blue suit and holding a microphone
Success
This former Navy SEAL spent 5 years in private equity working 100-hour weeks before quitting and building a $9 billion startup
By Preston ForeSeptember 10, 2026
President Donald Trump gestures as he finishes his speech at the Republican convention.
Politics
Major Republican donor balks at Trump’s $5,000 ‘bread and circus bribe’ at midterm convention
By Lisa Mascaro, Michelle L. Price and The Associated PressSeptember 10, 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
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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
By Sasha RogelbergOctober 3, 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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