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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
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
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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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At least 5 dead after Amazon cargo plane barrels off runway at Miami airport, crashes into vehicles and bursts into flames
Big Tech
At least 5 dead after Amazon cargo plane barrels off runway at Miami airport, crashes into vehicles and bursts into flames
By The Associated PressSeptember 6, 2026
U.S. debt is even worse than it seems, and rising Treasury yields are now an ‘all-hands-on-deck situation,’ top economist warns
Economy
U.S. debt is even worse than it seems, and rising Treasury yields are now an ‘all-hands-on-deck situation,’ top economist warns
By Jason MaSeptember 6, 2026
Even Supreme Leader Mojtaba Khamenei is worried about Iran’s economy and ‘social cohesion’ as U.S. pressure gets tougher to withstand
Middle East
Even Supreme Leader Mojtaba Khamenei is worried about Iran’s economy and ‘social cohesion’ as U.S. pressure gets tougher to withstand
By Jason MaSeptember 6, 2026
Photo of Kevin O'Leary
Personal Finance
Kevin O’Leary says if you earn $68,000 a year and follow this rule, you’ll retire a millionaire
By Sydney LakeSeptember 6, 2026
As the first mail-in ballots of the midterm election start going out, Trump asks the Supreme Court a third time to limit them
Politics
As the first mail-in ballots of the midterm election start going out, Trump asks the Supreme Court a third time to limit them
By Lindsay Whitehurst, Gary Fields and The Associated PressSeptember 6, 2026
Gavin Newsom admits ‘California derangement syndrome’ is real but won’t hide his interest in a presidential run
Politics
Gavin Newsom admits ‘California derangement syndrome’ is real but won’t hide his interest in a presidential run
By Steve Peoples and The Associated PressSeptember 6, 2026
Upcoming inflation data could determine if the Federal Reserve hikes interest rates soon, leaving Wall Street on edge
Economy
Upcoming inflation data could determine if the Federal Reserve hikes interest rates soon, leaving Wall Street on edge
By The Associated PressSeptember 6, 2026
‘It tastes exactly like beef.’ For people with a life-threatening allergy to red meat, an ostrich burger can bring them to the verge of tears
Health
‘It tastes exactly like beef.’ For people with a life-threatening allergy to red meat, an ostrich burger can bring them to the verge of tears
By Dylan Lovan and The Associated PressSeptember 6, 2026
Some Vegas hotels are so desperate for Canadian tourists they’re treating Canada’s dollar as equivalent to the U.S. greenback to offer more value
Travel & Leisure
Some Vegas hotels are so desperate for Canadian tourists they’re treating Canada’s dollar as equivalent to the U.S. greenback to offer more value
By Rio Yamat and The Associated PressSeptember 6, 2026
U.S. envoys Witkoff and Kushner arrive in Kyiv after talks with Putin fail to produce breakthrough while both sides continue to exchange fire
Politics
U.S. envoys Witkoff and Kushner arrive in Kyiv after talks with Putin fail to produce breakthrough while both sides continue to exchange fire
By Samya Kullab and The Associated PressSeptember 6, 2026
Fortune Archives: The final frontier of capitalism
Newsletters
Fortune Archives: The final frontier of capitalism
By Nicholas GordonSeptember 6, 2026
John Stankey
Success
Like Jamie Dimon, AT&T CEO says if you attend a meeting, you need to show up prepared—he ‘craves’ people who don’t just sit back and observe
By Preston ForeSeptember 6, 2026
Jerry and Peter Wong
Success
After 30 years in aerospace, these brothers retired from corporate life and work at Disney: ‘I’m finished being married to my laptop and phone’
By Emma BurleighSeptember 6, 2026
Restaurants have been serving up fake food ads for decades—AI slop is just the latest special
AI
Restaurants have been serving up fake food ads for decades—AI slop is just the latest special
By Tatiana SatauaSeptember 6, 2026
Nyadiew Puoch dribbles around Kaila Charles.
Success
Meet the Portland Fire owners, whose family’s swimwear company and short-lived NFL venture laid the groundwork for a $380 million WNBA franchise
By Sasha RogelbergSeptember 6, 2026
ASEAN can still hedge between America and China on AI. It needs to get its act together first
Commentary
ASEAN can still hedge between America and China on AI. It needs to get its act together first
By Brian Wong, Boris Babic and Nikola IlovskiSeptember 5, 2026
Meet the carnival performer-turned-opera actor in charge of auditioning snakes for a Mozart adaptation. ‘We will be moving forward with Princess’
Arts & Entertainment
Meet the carnival performer-turned-opera actor in charge of auditioning snakes for a Mozart adaptation. ‘We will be moving forward with Princess’
By David R. Martin, Jeffrey Collins and The Associated PressSeptember 5, 2026
These industries will lead hiring in the next decade, with just one sector accounting for more than a third of all new jobs
Economy
These industries will lead hiring in the next decade, with just one sector accounting for more than a third of all new jobs
By Jason MaSeptember 5, 2026
Mexican drug cartels are increasingly using bomb-laden drones and improvised explosive devices. ‘We are facing steady intensification of violence’
North America
Mexican drug cartels are increasingly using bomb-laden drones and improvised explosive devices. ‘We are facing steady intensification of violence’
By María Verza and The Associated PressSeptember 5, 2026
U.S. envoys Steve Witkoff and Jared Kushner meet with Putin in Russia again, ahead of their first-ever visit to Ukraine during peace effort
Politics
U.S. envoys Steve Witkoff and Jared Kushner meet with Putin in Russia again, ahead of their first-ever visit to Ukraine during peace effort
By The Associated PressSeptember 5, 2026
MAGA Inc. to put $10 million in Texas Senate race to hold a once-safe Republican seat after Trump vows to spend ‘whatever amount of money necessary’
Politics
MAGA Inc. to put $10 million in Texas Senate race to hold a once-safe Republican seat after Trump vows to spend ‘whatever amount of money necessary’
By Josh Boak and The Associated PressSeptember 5, 2026
‘Chuck it in the fire.’ A leading candidate in France’s presidential race has a simple solution to its massive national debt: just cancel it
Economy
‘Chuck it in the fire.’ A leading candidate in France’s presidential race has a simple solution to its massive national debt: just cancel it
By Jason MaSeptember 5, 2026
After hitting oil tankers, Iran targets Navy warships and U.S. retaliates with ‘higher economic cost’ in new escalation that could transform the war
Middle East
After hitting oil tankers, Iran targets Navy warships and U.S. retaliates with ‘higher economic cost’ in new escalation that could transform the war
By Jason MaSeptember 5, 2026
U.S. sanctions Turkish bank, accusing it of helping Iran transfer oil revenue from China to Turkey by converting it to cash and gold
Politics
U.S. sanctions Turkish bank, accusing it of helping Iran transfer oil revenue from China to Turkey by converting it to cash and gold
By Farnoush Amiri, Andrew Wilks and The Associated PressSeptember 5, 2026
U.S. military strikes Iranian tankers and warns it will destroy Tehran’s oil fleet if necessary after Navy aircraft carrier and destroyer are targeted
Energy
U.S. military strikes Iranian tankers and warns it will destroy Tehran’s oil fleet if necessary after Navy aircraft carrier and destroyer are targeted
By Toqa Ezzidin, Cara Anna and The Associated PressSeptember 5, 2026
U.N. General Assembly endorses a new world map that represents Africa more accurately in its larger size. Only the U.S. voted against it
Politics
U.N. General Assembly endorses a new world map that represents Africa more accurately in its larger size. Only the U.S. voted against it
By The Associated PressSeptember 5, 2026
Former Cowboys star Emmitt Smith is sued by a Native American investment company over a $2.5 million loan for wind farm project
Law
Former Cowboys star Emmitt Smith is sued by a Native American investment company over a $2.5 million loan for wind farm project
By The Associated PressSeptember 5, 2026
White House unveils ‘Build the Wall,’ a Tetris knockoff video game, to ‘protect the border from the coming horde’
Politics
White House unveils ‘Build the Wall,’ a Tetris knockoff video game, to ‘protect the border from the coming horde’
By Lou Kesten and The Associated PressSeptember 5, 2026
Trump calls the Iran war — which has left 18 U.S. service members dead — ‘small potatoes’ and backs Vance’s view that it’s not a war
Politics
Trump calls the Iran war — which has left 18 U.S. service members dead — ‘small potatoes’ and backs Vance’s view that it’s not a war
By Aamer Madhani and The Associated PressSeptember 5, 2026
Jordan Watkins #17 of the San Francisco 49ers signals first down after catching a pass against the Tennessee Titans in the first half at Levi's Stadium.
Arts & Entertainment
Men are larp-ing as NFL players to score dates and cash—one made $1.3 million before the FBI arrested him
By Joshua HongSeptember 5, 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
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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Current price of oil as of October 6, 2026placeholder alt text
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