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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
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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
More in News
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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Current price of Bitcoin for Sept. 10, 2026
Personal Finance
Current price of Bitcoin for September 10, 2026
By Joseph HostetlerSeptember 10, 2026
Current price of Ethereum for Sept. 10, 2026
Personal Finance
Current price of Ethereum for September 10, 2026
By Joseph HostetlerSeptember 10, 2026
A string of controversies hits OpenAI, Anthropic
Newsletters
A string of controversies hits OpenAI, Anthropic
By Emily ForliniSeptember 10, 2026
Hugh Johnston, senior EVP and CFO of The Walt Disney Company.
C-Suite
 Disney CFO says this one sector is critical for driving customer lifetime value: ‘It’s just on fire’
By Sheryl EstradaSeptember 10, 2026
Home equity loan and HELOC rates: Sept. 10, 2026
Personal Finance
Home equity loan and HELOC rates, September 10, 2026
By Joseph HostetlerSeptember 10, 2026
e
Commentary
My ethical will was supposed to be a simple insurance policy — then we lost our daughter
By Eric BeckerSeptember 10, 2026
U.S. President Donald Trump speaks on stage on the first day of the 2026 Republican National Convention at the American Airlines Center on September 09, 2026 in Dallas, Texas.
Economy
As the U.S. Treasury shells out $95 billion a month in interest to cover deficits, Trump pitches a $1.3 trillion payout to voters if Republicans win the midterms
By Eleanor PringleSeptember 10, 2026
Trump says he’ll give everyone $5,000 if Americans vote Republican—but it’s questionable whether he can deliver on the promise
Newsletters
Trump says he’ll give everyone $5,000 if Americans vote Republican—but it’s questionable whether he can deliver on the promise
By Jim EdwardsSeptember 10, 2026
vm
Commentary
Aflac President: why AI shouldn’t drive your healthcare
By Virgil MillerSeptember 10, 2026
m
AI
The AI writing debate is eerily similar to the one that rocked ancient Greece 2,700 years ago
By Aris Alexander and Nick LichtenbergSeptember 10, 2026
Inside the Bahamas island quietly selling $18 million villas—where the vast majority of the land will never be developed
Travel & Leisure
Inside the Bahamas island quietly selling $18 million villas—where the vast majority of the land will never be developed
By Sydney LakeSeptember 10, 2026
‘We worry now’: Oil tops $100, diesel hits record highs amid Iran war escalation
Energy
‘We worry now’: Oil tops $100, diesel hits record highs amid Iran war escalation
By Jordan BlumSeptember 10, 2026
Photo of children learning
AI
Wealthy parents are buying their kids $75,000 AI schooling with guardrails as schools grapple with a literacy crisis
By Mia OsmonbekovSeptember 10, 2026
Billionaire Coinbase CEO Brian Armstrong says most charities are ‘net negative’—and that he has no plans to make his own foundation
C-Suite
Billionaire Coinbase CEO Brian Armstrong says most charities are ‘net negative’—and that he has no plans to make his own foundation
By Sydney LakeSeptember 10, 2026
Trump’s ‘America First’ national park fees for foreign tourists have raised a quarter of what was promised
Politics
Trump’s ‘America First’ national park fees for foreign tourists have raised a quarter of what was promised
By Catherina GioinoSeptember 10, 2026
Ayala, one of Asia’s oldest conglomerates, wants to keep itself together. Its CEO explains why
Asia
Ayala, one of Asia’s oldest conglomerates, wants to keep itself together. Its CEO explains why
By Angelica AngSeptember 10, 2026
Europe can still be an industrial powerhouse—but it needs investment 
Europe
Europe can still be an industrial powerhouse—but it needs investment 
By Can DinçerSeptember 10, 2026
seb
Commentary
Bayer COO: we stopped assigning sales targets. Our teams aimed higher
By Sebastian GuthSeptember 10, 2026
GM CEO Mary Barra wants you to buy self-driving cars and drive EVs in the AI future
C-Suite
GM CEO Mary Barra wants you to buy self-driving cars and drive EVs in the AI future
By Fortune EditorsSeptember 10, 2026
The construction site for a Microsoft data center and a Fortum Oyj heat recovery facility in Espoo, Finland.
Big Tech
Meet the data center capital of Europe as Google joins Microsoft and TikTok in betting over $30.2 billion on Finland
By Joshua HongSeptember 10, 2026
‘My boss is the Chinese customer’: Walmart China CEO Christina Zhu on how the Fortune 500 company is thriving in a tough retail market
Retail
‘My boss is the Chinese customer’: Walmart China CEO Christina Zhu on how the Fortune 500 company is thriving in a tough retail market
By Angelica AngSeptember 10, 2026
Sam Altman talking
AI
OpenAI’s rogue AI agents reached at least 12 more websites, researchers say
By Beatrice NolanSeptember 9, 2026
Hollywood’s ‘new business model’ comes into view as Gen Z shows a moviegoing taste that combines ‘fast food and fine dining’
Arts & Entertainment
Hollywood’s ‘new business model’ comes into view as Gen Z shows a moviegoing taste that combines ‘fast food and fine dining’
By Tatiana Sataua and Nick LichtenbergSeptember 9, 2026
Actress Sydney Sweeney in a white dress smiles and looks over her shoulder.
Crypto
Prediction markets spend big on celebrity campaigns even as Sydney Sweeney and LeBron James ads stir backlash
By Camila Grigera NaónSeptember 9, 2026
Tokens are starting to be priced more like a commodity– as interchangeable as salt or wheat.
AI
The latest ‘crack in the thesis’ for the trillion-dollar AI boom: Tokens are getting cheaper
By Eva RoytburgSeptember 9, 2026
21 photos of Apple’s first-ever foldable iPhone
Big Tech
21 photos of Apple’s first-ever foldable iPhone
By Alexei OreskovicSeptember 9, 2026
Microsoft’s move in the AI school debate: controls over how student data gets used
AI
Microsoft’s move in the AI school debate: controls over how student data gets used
By Catherina GioinoSeptember 9, 2026
Six in 10 Americans don’t trust what the federal government tells them on major issues
Politics
Six in 10 Americans don’t trust what the federal government tells them on major issues
By Amelia Thomson-Deveaux, Linley Sanders and The Associated PressSeptember 9, 2026
Britain's Foreign Secretary Ed Miliband speaks during a press conference in Madrid.
Politics
‘We will always stand with the underdog’: The UK defends ban on Israeli ‘settler terrorist’ trade from the West Bank
By The Associated Press and Brian MelleySeptember 9, 2026
boom
Personal Finance
How Boomers voted the next generation a $40 trillion debt, and counting
By Nick LichtenbergSeptember 9, 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
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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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