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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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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 explains why prioritizing your health is the foundation of good leadership and whether the skills that drive success in the sporting arena can translate to the corporate world.

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
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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
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
By Tatiana SatauaOctober 6, 2026
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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
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
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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‘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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There are fewer than 4,000 billionaires worldwide, and they now hold a record $15.1 trillion. That’s nearly half of the U.S. economy
Success
There are fewer than 4,000 billionaires worldwide, and they now hold a record $15.1 trillion. That’s nearly half of the U.S. economy
By Catherina GioinoSeptember 9, 2026
Home equity loan and HELOC rates: Sept. 9, 2026
Personal Finance
Home equity loan and HELOC rates, Sept. 9, 2026
By Joseph HostetlerSeptember 9, 2026
President and CEO of Nvidia Jensen Huang
Big Tech
AGI is here, Nvidia CEO Jensen Huang has declared. Here’s why the market doesn’t care
By Eva RoytburgSeptember 9, 2026
Macau wants to be a ‘business city,’ not just a gaming hub—and it’s spending $16 billion to help it get there
Asia
Macau wants to be a ‘business city,’ not just a gaming hub—and it’s spending $16 billion to help it get there
By Nicholas GordonSeptember 8, 2026
‘Failure is a data point’: Executives say flexibility, not certainty, is what’s needed in a turbulent world
Success
‘Failure is a data point’: Executives say flexibility, not certainty, is what’s needed in a turbulent world
By Danny VincentSeptember 8, 2026
vene
Commentary
Peru’s monetary system would not work in Venezuela
By Steve H. Hanke and Emilio OcampoSeptember 8, 2026
The pumpkin spice era is changing—if not over, as McDonald’s replaces the flavor for the first time in a decade
Retail
The pumpkin spice era is changing—if not over, as McDonald’s replaces the flavor for the first time in a decade
By Marco Quiroz-GutierrezSeptember 8, 2026
Mark Carney leans over next to Donald Trump with his hand raised.
Economy
How Canada decided to hurt its own economy, raise its inflation—and most Canadians approved because they’re so angry at Trump
By Sasha RogelbergSeptember 8, 2026
Image of an experiment involving lasers to measure simulated hurricanes.
Newsletters
OpenAI says it cracked one of math’s grand challenges. But there are troubling questions about how they did it—and what it means for us all
By Jeremy KahnSeptember 8, 2026
President Donald Trump arrives to speak during the Tunnel to Towers Foundation event for the 25th Anniversary of 9/11.
North America
‘America is blessed with a strength’: Trump commemorates victims of 9/11 ahead of quarter-century anniversary
By The Associated Press and Seung Min KimSeptember 8, 2026
dc
Economy
The betrayal behind the data-center backlash: AI promised to break the rules of class but is just rewarding them so far
By Nick LichtenbergSeptember 8, 2026
Nike Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
Retail
Nike exits the S&P 100 after 18 years and a $200 billion market-cap wipeout
By Joshua HongSeptember 8, 2026
An illustration representing car insurance.
Personal Finance
Car insurance deductibles explained: How much should you really pay?
By Joseph HostetlerSeptember 8, 2026
Hunter Biden wears a suit and gazes off into the distance.
Crypto
Hunter Biden launches $LAPTOP memecoin, trolls Trump by promising that 20% will be reserved for traders who lost money on president’s token
By Camila Grigera NaónSeptember 8, 2026
Pony.ai’s CEO thinks robotaxis will be widespread within five years: ‘The technology problem is pretty much already solved’
Asia
Pony.ai’s CEO thinks robotaxis will be widespread within five years: ‘The technology problem is pretty much already solved’
By Anjali TsuiSeptember 8, 2026
In this photo released by the Government of Primorsky Krai Region on Monday, Sept. 7, 2026, North Korean trucks drive across the new bridge between Russia and North Korea named after the Soviet officer Yakov Novichenko, who is credited with saving North Korea's founding leader, Kim Il-sung, over the Tumannaya River in Primorsky Krai Region of Russia.
Asia
Russia and North Korea open first road bridge across their borders—marking a ‘significant event’ in ‘expansion of transport infrastructure’
By The Associated PressSeptember 8, 2026
A third of terror suspects arrested in the EU last year were under 18 as violent extremist networks grow online
Cybersecurity
A third of terror suspects arrested in the EU last year were under 18 as violent extremist networks grow online
By Lorne Cook and The Associated PressSeptember 8, 2026
Kevin O'Leary
Success
Kevin O’Leary says Steve Jobs taught him to focus on 3 things a day—and small talk or a family phone call is just noise getting in the way
By Emma BurleighSeptember 8, 2026
Containers are loaded and unloaded in trucks at terminal in Qingdao in eastern China's Shandong province.
Asia
China on pace for ‘new record-high trade surplus’ this year as exports jump 25%—part of its efforts to become a ‘major player in AI infrastructure’
By The Associated Press and Chan Ho-HimSeptember 8, 2026
Supporters stand and cheer as State Rep. James Talarico, Democratic candidate for U.S. Senate, speaks during a campaign rally at Esports Stadium Arlington.
Politics
‘Politics is local’: Senate races balloon to $3.4 billion as Democrats compete in Texas, Iowa, Alaska and Ohio, just as Trump’s approval slips
By The Associated Press, Joey Cappelletti, Thomas Beaumont and Mary Clare JalonickSeptember 8, 2026
Nearly 25 years after 9/11, here’s how terrorist attacks transformed airport security and the way Americans fly
North America
Nearly 25 years after 9/11, here’s how terrorist attacks transformed airport security and the way Americans fly
By Rio Yamat and The Associated PressSeptember 8, 2026
Britain's Foreign Secretary Ed Miliband speaks during a press conference in Madrid, Spain.
Politics
‘There is ethnic cleansing’: France, Canada and the UK to ban trade with ‘settler terrorists’ that ‘contribute to the occupation’ in the West Bank
By The Associated Press and Jill LawlessSeptember 8, 2026
Packaged salad mixes are displayed in the refrigerated produce section of a Target store.
North America
‘The agency just can’t achieve what is required’: The cyclospora outbreak followed a nearly 35% plunge in FDA foreign food inspections
By Matthew Perrone and The Associated PressSeptember 8, 2026
When things go bad, you want to be in China, says Gavekal’s Louis-Vincent Gave
Asia
When things go bad, you want to be in China, says Gavekal’s Louis-Vincent Gave
By Angelica AngSeptember 8, 2026
Image of a DNA double helix.
AI
Google DeepMind publishes AI-powered predictions for the effect of all 9 billion possible single-point mutations in the human genome
By Jeremy KahnSeptember 8, 2026
Photo of Japanese and Chinese flags
Asia
Japan cries foul as China slaps 99.2% import duty on key chemical for making computer chips
By Chan Ho-Him, Mari Yamaguchi and The Associated PressSeptember 8, 2026
Photo of a kid staring at their phone with a shadow overhead
Big Tech
Australia vows to hold big tech companies to account on social media — with $78.6 million fines
By The Associated PressSeptember 8, 2026
Samsung is the foldable phone king, with sales growing 30% and reviews praising its newest devices. Can it keep the crown as Apple enters the picture?
Big Tech
Samsung is the foldable phone king, with sales growing 30% and reviews praising its newest devices. Can it keep the crown as Apple enters the picture?
By Alexei OreskovicSeptember 8, 2026
Current price of oil as of Sept. 8, 2026
Personal Finance
Current price of oil as of September 8, 2026
By Joseph HostetlerSeptember 8, 2026
Current price of Bitcoin for Sept. 8, 2026
Personal Finance
Current price of Bitcoin for September 8, 2026
By Joseph HostetlerSeptember 8, 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
North America
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
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
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