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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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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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News
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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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Federal regulators are investigating Musk’s new steering-wheel-free Cybercabs a day after launch, unconvinced by Tesla’s self-certification process
Innovation
Federal regulators are investigating Musk’s new steering-wheel-free Cybercabs a day after launch, unconvinced by Tesla’s self-certification process
By Bernard Condon and The Associated PressSeptember 5, 2026
Widow of airman killed in Mideast was told hazard pay and combat-related tax breaks wouldn’t apply because ‘we were not at war.’ A viral post fixed it
Politics
Widow of airman killed in Mideast was told hazard pay and combat-related tax breaks wouldn’t apply because ‘we were not at war.’ A viral post fixed it
By Jack Brook, Konstantin Toropin and The Associated PressSeptember 5, 2026
Jessica Pegula with a clutched fist and a tennis racket.
Success
U.S. tennis star Jessica Pegula’s dad is also heavily invested in sports—he owns the NFL’s Buffalo Bills and has a $9.3 billion net worth
By Preston ForeSeptember 5, 2026
Job seekers are waiting for the ‘September Surge.’ Economists say there’s something behind the hype and explain why it’s a good time to apply
Economy
Job seekers are waiting for the ‘September Surge.’ Economists say there’s something behind the hype and explain why it’s a good time to apply
By Tatiana SatauaSeptember 5, 2026
Tech CEOs want the world to embrace AI, but protestors outside their G20 gathering show the industry’s growing popularity problem
AI
Tech CEOs want the world to embrace AI, but protestors outside their G20 gathering show the industry’s growing popularity problem
By Marco Quiroz-GutierrezSeptember 5, 2026
The overlooked Russia-Ukraine war grows its outsized impact on energy as U.S. diesel prices hit all-time high
Energy
The overlooked Russia-Ukraine war grows its outsized impact on energy as U.S. diesel prices hit all-time high
By Jordan BlumSeptember 5, 2026
OpenAI CEO Sam Altman.
AI
OpenAI quietly boosts some of Astra’s evaluation metrics, and continues to change others post-launch
By Emily ForliniSeptember 4, 2026
Bitcoin is trading more like an ‘amplified version of gold’ again, but the four-year cycle theory threatens further declines
Crypto
Bitcoin is trading more like an ‘amplified version of gold’ again, but the four-year cycle theory threatens further declines
By Marco Quiroz-GutierrezSeptember 4, 2026
Migrants walk as they are gathered by Greek coast guard officers after disembarking from a cargo ship, in the port of Lavrio, south of Athens.
Politics
Denmark and four EU countries agree on migrant ‘return hubs’ outside the bloc, aim to start by 2027
By The Associated Press, Claudia Ciobanu and Renata BritoSeptember 4, 2026
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event in Menlo Park, California.
Big Tech
‘Feeding the beast’: Meta faces allegations of using its ‘perv glasses’ to train AI in new lawsuit
By Joshua HongSeptember 4, 2026
The Best Retinol Serums in 2026: From Gentle Starters to Potent Formulas
Health
The Best Retinol Serums in 2026: From Gentle Starters to Potent Formulas
By Christina SnyderSeptember 4, 2026
A gold piggy bank surrounded by smaller silver ones.
Personal Finance
What is the gold-silver ratio and how do investors use it?
By Joseph HostetlerSeptember 4, 2026
Native as best deodorant
Health
The Best Deodorants in 2026: Long-Lasting Options for Everyday Wear
By Emily PharesSeptember 4, 2026
Photo of Trump with beef industry representatives
Politics
DOJ expands beef price probe to eight retailers, including Walmart and Amazon, with inflation a key issue ahead of midterm elections
By Mia OsmonbekovSeptember 4, 2026
Photo of Milei
Politics
Argentina’s Milei threatens sanctions on Falklands oil developers while citing Trumps openness to rethink the U.S.’ stance
By The Associated Press and Isabel DebreSeptember 4, 2026
The Best Neck Firming Creams in 2026: Tested for Smoother-Looking Skin
Health
The Best Neck Firming Creams in 2026: Tested for Smoother-Looking Skin
By Christina SnyderSeptember 4, 2026
Fortune 500 Power Moves: Which executives gained and lost power, Aug. 29-Sept. 4, 2026
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power, Aug. 29-Sept. 4, 2026
By Fortune EditorsSeptember 4, 2026
Best Hair Masks (2026): Tested for Healthier, Stronger Strands
Health
Best Hair Masks (2026): Tested for Healthier, Stronger Strands
By Christina SnyderSeptember 4, 2026
Josh Kushner says Thrive would have stayed away from FIFA’s $4.2 billion World Cup deal if it had known what was coming
Startups & Venture
Josh Kushner says Thrive would have stayed away from FIFA’s $4.2 billion World Cup deal if it had known what was coming
By Marco Quiroz-GutierrezSeptember 4, 2026
A man looks at herbs in the produce aisle of a grocery store.
North America
Cyclospora outbreaks expose a U.S. food safety system that’s been crumbling for decades—and Musk’s DOGE cuts are ‘only going to make that worse’
By Sasha RogelbergSeptember 4, 2026
Gloria Steinem sitting in a red chair with a hand-held microphone
Success
Gloria Steinem went from living in a trailer to building a $10 million fortune—she told college grads to avoid chasing paychecks: ‘Money is boring’
By Preston ForeSeptember 4, 2026
Vice President JD Vance speaks with reporters in the James Brady Press Briefing Room at the White House.
Politics
‘There is no active shooting’: Vance rejects the word ‘war’ for Iran conflict as fighting continues ahead of midterms
By The Associated Press and Aamer MadhaniSeptember 4, 2026
Swiss biotechnologist Pia Viviani (L) and Swiss science journalist Atlant Bieri pose ahead of the 2026 Ig Nobel Prize Ceremony in Zurich.
Innovation
Cockroach milk and underwear studies win Ig Nobels at first ceremony held outside U.S.
By The Associated Press and Adithi RamakrishnanSeptember 4, 2026
VW cars are parked in a parking lot across from the brand's skyscraper at the VW main plant.
Politics
‘Much better than feared outcome’: Volkswagen shares jump 6% after revealing plan to reduce workforce by 50,000—and phasing out four factories
By The Associated Press and David McHughSeptember 4, 2026
‘A Storm of Cybercabs’: Musk launches steering-wheel-free taxis even as 70% of Americans say they’re uncomfortable with driverless cars
Innovation
‘A Storm of Cybercabs’: Musk launches steering-wheel-free taxis even as 70% of Americans say they’re uncomfortable with driverless cars
By Bernard Condon and The Associated PressSeptember 4, 2026
Photo of Diesel cost next to a car
Energy
Diesel’s record $5.85 per gallon price threatens higher grocery bills, with refrigerated foods among the first to feel the squeeze
By The Associated Press and Wyatte Grantham-PhilipsSeptember 4, 2026
Photo of data center in South Africa
Environment
Civil rights groups call to halt South Africa’s data center boom over water and power use
By The Associated Press, Mogomotsi Magome and MICHELLE GUMEDESeptember 4, 2026
Who runs the labor market? Women accounted for 98% of U.S. job gains in August
Economy
Who runs the labor market? Women accounted for 98% of U.S. job gains in August
By Eva RoytburgSeptember 4, 2026
Current price of oil as of Sept. 4, 2026
Personal Finance
Current price of oil as of September 4, 2026
By Joseph HostetlerSeptember 4, 2026
Current price of Ethereum for Sept. 4, 2026
Personal Finance
Current price of Ethereum for September 4, 2026
By Joseph HostetlerSeptember 4, 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
Personal Finance
Current price of oil as of October 6, 2026placeholder alt text
By Joseph HostetlerOctober 6, 2026
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