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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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Side-by-side photos of OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei
AI is heading toward a cash-flow negative inflection point, and spending will slow in 2027, Wall Street thinks

Everything you need to know before you reach the office this morning.

By Jim EdwardsOctober 7, 2026
‘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
By Melissa HancockOctober 7, 2026
Saudi’s economic transformation collides with war and falling FDI 
Saudi’s economic transformation collides with war and falling FDI 
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
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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
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Asia
More in Asia
Will AI kill the Asian entertainment industry, or reinvent it?
Will AI kill the Asian entertainment industry, or reinvent it?

Studios in China are turning to models from ByteDance and Kling to generate 100-minute short dramas for less than $3000.

By Angelica AngOctober 7, 2026
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
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Global
More in Global
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 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
‘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
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Employee William Meznarich reassembles the die for a punch press at the Badge-A-Minit facility in Oglesby, Illinois, U.S., on Friday, June 29, 2012.
Economy
The world now has more people aged 65 and over than children under 5—but America is actually getting younger relative to the rest of the globe
By Eleanor PringleSeptember 8, 2026
OpenAI logo on a black background.
AI
OpenAI details how AI is accelerating its own work—even as its chief scientist lays out growing dangers and says he hopes the industry slows down
By Jeremy KahnSeptember 8, 2026
Photo: Sam Altman
Newsletters
Out-of-control OpenAI agents hijacked a German site to make a secret message board
By Jim EdwardsSeptember 8, 2026
Canada’s pivot to Asia is finally real. The challenge is that neither side knows much about the other
Commentary
Canada’s pivot to Asia is finally real. The challenge is that neither side knows much about the other
By Barrett BingleySeptember 7, 2026
es
Health
A $500,000 career, gone at 25: esports’ injury crisis is forcing teams to build sports-medicine staffs
By Erica D. Henn and The ConversationSeptember 7, 2026
OpenAI CEO Sam Altman
Cybersecurity
OpenAI’s AI agents secretly used a German wiki website as a message board. OpenAI stayed quiet about it for weeks.
By Beatrice NolanSeptember 7, 2026
t
Politics
Wisconsin cheese, Maine seafood, Kentucky appliances: Trump’s Canada tariffs punch swing states just before the midterms
By Kent Jones and The ConversationSeptember 7, 2026
t
Politics
Trump braces for midterms, crucial union vote as Labor Day shows 75,000 lost manufacturing jobs
By Robert Forrant and The ConversationSeptember 7, 2026
ri
Politics
Nasty Rhode Island governor rematch raises accusations of opioid peddling, nepotism and who’s the real outsider
By Kimberlee Kruesi and The Associated PressSeptember 7, 2026
s
Arts & Entertainment
Spider-Man hits $2.4 billion worldwide to crown Hollywood’s best summer since the pandemic
By Jake Coyle and The Associated PressSeptember 7, 2026
d
Arts & Entertainment
Dolly Parton’s secret weapon against Nashville: turning men into the punchline
By Stephanie Vander Wel and The ConversationSeptember 7, 2026
t
North America
Trump kills $45 million support for Namibia HIV program
By Sonja Smith and The Associated PressSeptember 7, 2026
e
Politics
Germany built a ‘firewall’ so the far-right could never take power again. It just failed in Saxony-Anhalt
By Kirsten Grieshaber and The Associated PressSeptember 7, 2026
c
Cybersecurity
‘Oh, my God! Bro, bro, I’m going to spaz out!’ The first Bitcoin RICO case comes for a DOJ that gutted its ability to build it
By Michael Kunzelman and The Associated PressSeptember 7, 2026
a
Real Estate
‘The math does not lie’: Why Austin only built 543 low-income homes while delivering 15,000 for the middle class
By Claire Rush and The Associated PressSeptember 7, 2026
s
Politics
Meet the charismatic 35-year-old getting Germans to vote for the far-right again
By Geir Moulson and The Associated PressSeptember 7, 2026
t
Energy
Trump sets unwanted Labor Day record with gas price at $4.14 mark
By Jeffrey Collins and The Associated PressSeptember 7, 2026
This billionaire founder made his first million at 27—years before Warren Buffett. His advice to Gen Z: Don’t ask for a raise, ask for equity
Success
This billionaire founder made his first million at 27—years before Warren Buffett. His advice to Gen Z: Don’t ask for a raise, ask for equity
By Orianna Rosa RoyleSeptember 7, 2026
S President Donald Trump shakes hands with the new Chairman of the Federal Reserve Kevin Warsh (L) during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026.
Economy
As Wall Street shifts expectations towards a Fed rate hike, the White House turns up the pressure on Warsh’s central bank
By Eleanor PringleSeptember 7, 2026
Two men on a stage
C-Suite
The typical tech leader’s pay rose $810k since 2021—more than COOs, CFOs, and CIOs combined
By Amanda GerutSeptember 7, 2026
Photo of the seven Ineffable Intelligence cofounders. Back row (standing): Alexandre Laterre and Junyhuk Oh;  Seated (from left): Lasse Espeholt, David Silver, Wojciech. Czarnecki, Chris Apps, and Heather Gorham.
AI
Exclusive: Ineffable Intelligence adds six ‘cofounders,’ hiring veterans from Google DeepMind, InstaDeep and venture firm Flying Fish
By Jeremy KahnSeptember 7, 2026
Home equity loan and HELOC rates: Sept. 7, 2026
Personal Finance
Home equity loan and HELOC rates, September 7, 2026
By Joseph HostetlerSeptember 7, 2026
Scott Bessent speaks behind a podium and in front of an American flag.
Banking
‘Uncharted territory’: The $40 trillion U.S. national debt just got uglier as interest payments rise to $1.25 trillion a year
By Sasha RogelbergSeptember 7, 2026
One in five Americans call sports betting an investment. For Gen Z, it’s twice as many — and they don’t come close to breaking even
Personal Finance
One in five Americans call sports betting an investment. For Gen Z, it’s twice as many — and they don’t come close to breaking even
By Catherina GioinoSeptember 7, 2026
Asian family philanthropy is ‘a lot more hands-on’—and more corporate—than the West
Asia
Asian family philanthropy is ‘a lot more hands-on’—and more corporate—than the West
By Nicholas GordonSeptember 6, 2026
Volcanic island in Indonesia erupts, canceling 1,558 flights and affecting 170,000 passengers
Asia
Volcanic island in Indonesia erupts, canceling 1,558 flights and affecting 170,000 passengers
By The Associated PressSeptember 6, 2026
Congress created this park in 1897 for the ‘pleasure of the people.’ Trump wants to remake its golf course into an upscale venue for major tournaments
Law
Congress created this park in 1897 for the ‘pleasure of the people.’ Trump wants to remake its golf course into an upscale venue for major tournaments
By Gary Fields and The Associated PressSeptember 6, 2026
Iran plans to announce an ‘exclusion zone’ that runs from the U.S. naval blockade line, through the Strait of Hormuz, and into the Persian Gulf
Politics
Iran plans to announce an ‘exclusion zone’ that runs from the U.S. naval blockade line, through the Strait of Hormuz, and into the Persian Gulf
By The Associated PressSeptember 6, 2026
China’s export shock is pushing the global economy to a breaking point, and the U.S. may have to clean up the mess, former trade official says
Economy
China’s export shock is pushing the global economy to a breaking point, and the U.S. may have to clean up the mess, former trade official says
By Jason MaSeptember 6, 2026
Alternative for Germany party set for regional election triumph and could form the country’s first far-right state government since World War II
Politics
Alternative for Germany party set for regional election triumph and could form the country’s first far-right state government since World War II
By Geir Moulson, Kerstin Sopke and The Associated PressSeptember 6, 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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