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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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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
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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
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
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North America
More in North America
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

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
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
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
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Global
More in Global
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf

As global and regional liquidity tightens, a nascent Gulf secondary market is giving investors, founders, and early backers a new route to monetisation

By Melissa HancockOctober 7, 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? 

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
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$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
Trump tries to bribe Americans to vote Republican with promise of $5,000 dividend — only if the GOP wins
Politics
Trump tries to bribe Americans to vote Republican with promise of $5,000 dividend — only if the GOP wins
By Jonathan J. Cooper and The Associated PressSeptember 10, 2026
Photo of Trump
Economy
Trump’s ‘Big Beautiful Bill’ projected to add a big, unbeautiful $3.4 trillion to the national debt over the next decade
By The Associated Press and Lisa MascaroSeptember 10, 2026
A nest of golden eggs with a sign that says Retirement.
Personal Finance
Step-by-step guide for rolling a 401(k) over to a gold IRA
By Joseph HostetlerSeptember 10, 2026
s
North America
‘South Park’ renamed ‘South America’ in honor of Donald Trump
By Jocelyn Noveck and The Associated PressSeptember 10, 2026
school
North America
‘Parents see themselves more as a client of the school’: Underperformance in class leads to apathy at home
By Sharon Lurye and The Associated PressSeptember 10, 2026
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North America
191-year-old Ohio newspaper says it will shut down by year’s end without a buyer
By Kate Brumback and The Associated PressSeptember 10, 2026
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Politics
Broken bridge and commuter fury combine to defeat Rhode Island’s governor — at the hands of the CVS exec he vanquished 4 years ago
By Kimberlee Kruesi and The Associated PressSeptember 10, 2026
Photo of rows of EVs
Asia
Chinese car exports are increasingly flooding the world despite all of the west’s (mixed) efforts to keep them out
By Chan Ho-Him and The Associated PressSeptember 10, 2026
p
Politics
Billionaire Democratic governor of Illinois insists ‘Republicans have done nothing to earn your vote’
By Bill Barrow, Jamie Stengle and The Associated PressSeptember 10, 2026
America’s tariff war on Canada rages as it seeks ‘early date’ to bring early end to $30 billion impasse with China
Asia
America’s tariff war on Canada rages as it seeks ‘early date’ to bring early end to $30 billion impasse with China
By The Associated PressSeptember 10, 2026
a
AI
‘Gambling with our lives’: former Anthropic researcher quits in alarm at what he saw in 3 years of working at the lab
By Kaitlyn Huamani and The Associated PressSeptember 10, 2026
a
Law
Lawsuit: Former Amazon workers claim pregnant women, struggling for breath, weren’t even allowed to sit down
By Claire Savage and The Associated PressSeptember 10, 2026
Top CD rates from major banks Sept. 10, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on Sept. 10, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerSeptember 10, 2026
Current price of oil as of Sept. 10, 2026
Personal Finance
Current price of oil as of September 10, 2026
By Joseph HostetlerSeptember 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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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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