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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

3

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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Photo of Donald Trump in Dublin
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
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
ads
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
a
‘AI Snake Oil’ author sees chatbots evolving into a ‘truth oracle’—and journalism heading somewhere it hasn’t been in 200 years
By Nick LichtenbergOctober 6, 2026
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News
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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
More in Global
Jon Rahm of Spain drops his club on the 13th hole during the first round of the BMW Championship golf tournament in Virginia Water, England.
‘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
Trillions of ‘ghost particles’ pass through your body every second. The scientist who hunts them just won the Nobel Prize

Francis Halzen turned Antarctic ice into a giant detector for elusive neutrinos, with sensors buried 8,200 feet below the surface.

By Kostya Manenkov, Adithi Ramakrishnan and Stefanie DazioOctober 6, 2026
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Meet the CEO whose century-old company never laid off employees through the Great Depression, the recession, or Covid
Workplace Culture
Meet the CEO whose century-old company never laid off employees through the Great Depression, the recession, or Covid
By Mia OsmonbekovSeptember 1, 2026
A Starbucks barista stands behind the counter and pours a liquid into a cup.
Retail
Starbucks is discontinuing a blending powder for drinks after particles went ‘airborne’ and baristas say left them coughing and falling ill
By Sasha RogelbergSeptember 1, 2026
In this photo illustration, the Claude AI logo is seen displayed on a smartphone screen.
Cybersecurity
Sony and Warner Music sue Anthropic over alleged theft of ‘tens of thousands’ of songs, including ‘I Am the Walrus’ and ‘Hallelujah’
By Joshua HongSeptember 1, 2026
Asia’s aging population will redefine retirement, care—and independence
Commentary
Asia’s aging population will redefine retirement, care—and independence
By Steve FinchSeptember 1, 2026
Young Kalshi users have traded an estimated $3.9B on sports and parlay-type contracts this year, exposing a loophole that lets them bet before age 21
Law
Young Kalshi users have traded an estimated $3.9B on sports and parlay-type contracts this year, exposing a loophole that lets them bet before age 21
By Marco Quiroz-GutierrezAugust 31, 2026
PBR promises thieves who return 40,000 pounds of stolen beer by next Tuesday ‘no questions asked.’ That won’t stop California prosecutors
North America
PBR promises thieves who return 40,000 pounds of stolen beer by next Tuesday ‘no questions asked.’ That won’t stop California prosecutors
By Catherina GioinoAugust 31, 2026
A stack of blocks spelling out risk next to a tape measure.
Personal Finance
General liability vs. professional liability insurance: The complete guide
By Joseph HostetlerAugust 31, 2026
America’s high school graduating class is projected to shrink 13%. Colleges are already feeling the squeeze
Economy
America’s high school graduating class is projected to shrink 13%. Colleges are already feeling the squeeze
By Tatiana SatauaAugust 31, 2026
Former Rep. George Santos arrives at federal court for sentencing.
Politics
‘I bet on myself. Literally’: Ex-Congressman George Santos banned for life from Kalshi after making $17,839 from insider trading
By The Associated Press and Larry NeumeisterAugust 31, 2026
Michael Saylor sitting during a conference and smiling while looking into the distance.
Crypto
Bitcoin is back—and so is Michael Saylor’s Strategy, which made its first buy in two months
By Camila Grigera NaónAugust 31, 2026
A small boat sails past cargo ships and other commercial vessels anchored in the Strait of Hormuz off Bandar Abbas, Iran.
Economy
UAE intercepts Iranian drone over its waters in ‘dangerous escalation’ from Iran war—and threatens responding ‘decisively to aggressors’
By The Associated Press and David RisingAugust 31, 2026
Gas topped $4 daily in August for the first time. New U.S. strikes on Iran are sending oil prices even higher again
Economy
Gas topped $4 daily in August for the first time. New U.S. strikes on Iran are sending oil prices even higher again
By Damian J. Troise and The Associated PressAugust 31, 2026
The Honda and Nissan dealerships are shown in Carmel, Ind.
Innovation
Nissan and Honda ink deal to boost competitiveness with ‘faster development cycles’ in vehicle software
By The Associated Press and Yuri KageyamaAugust 31, 2026
Two mature couples smiling and toasting one another
Economy
We’re living in the ‘G-shaped economy’—where boomers control $90 trillion, and everyone else waits
By Jason MaAugust 31, 2026
A row of humanoid robots typing into computers against an orange backdrop.
Crypto
X’s AI tool Grok now allows users to buy or lend crypto with MoonPay integration
By Camila Grigera NaónAugust 31, 2026
Andrew Macdonald
Success
The end of the driver’s license: Uber exec calls car ownership ‘the most inefficient asset’ and says no one will need one in 15 to 20 years
By Preston ForeAugust 31, 2026
Photo of people at Unitree booth at a world robot conference
Big Tech
China’s AI-fueled IPO boom hits $54 billion this year, with chipmakers and Shein’s $1.7 billion IPO
By The Associated Press and Chan Ho-HimAugust 31, 2026
Nearly 1,000 people are missing in Nepal’s floods, and hundreds more are trapped in hydropower tunnels as flood knocks 10% of power capacity offline
Environment
Nearly 1,000 people are missing in Nepal’s floods, and hundreds more are trapped in hydropower tunnels as flood knocks 10% of power capacity offline
By Victoria Milko, The Associated Press and Sibi ArasuAugust 31, 2026
Photo of Palau's president
Asia
The tropical nation of Palau has no traffic lights and just 18,000 people—and it’s now ground zero for a U.S.-China standoff
By The Associated Press and Charlotte Graham-McLayAugust 31, 2026
Photo of a college
Economy
Cash-strapped colleges are draining their endowments to survive
By Bloomberg, Amanda Albright and Elizabeth RembertAugust 31, 2026
Bright Angel Creek near the Phantom Ranger Station in the Grand Canyon, Arizona.
North America
‘Heaven help us’: One dead and 15 missing after flash flood in Grand Canyon—with more flooding forecast
By The Associated Press, Jamie Stengle and Ty O'NeilAugust 31, 2026
Photo of Japan's defense minister
Asia
Japan doubled defense spending to counter China. Now it wants AI, underwater attack drones and government-owned weapons factories
By The Associated Press and Mari YamaguchiAugust 31, 2026
Current price of oil as of Aug. 31, 2026
Personal Finance
Current price of oil as of August 31, 2026
By Joseph HostetlerAugust 31, 2026
Current price of Bitcoin for Aug. 31, 2026
Personal Finance
Current price of Bitcoin for August 31, 2026
By Joseph HostetlerAugust 31, 2026
Current price of Ethereum for Aug. 31, 2026
Personal Finance
Current price of Ethereum for August 31, 2026
By Joseph HostetlerAugust 31, 2026
Top CD rates from major banks Aug. 31, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 31, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 31, 2026
The Fed is watching AI token prices. Here’s why CFOs should, too
AI
The Fed is watching AI token prices. Here’s why CFOs should, too
By Sheryl EstradaAugust 31, 2026
Target’s missteps have alienated consumers and shaken investors. Executive Chair Brian Cornell should step down
Commentary
Target’s missteps have alienated consumers and shaken investors. Executive Chair Brian Cornell should step down
By Tejal PatelAugust 31, 2026
Son helping his dad do research on his phone
Health
‘Just really shocking’: One of America’s top Social Security advisors is unsettled by how many people are withdrawing early
By Nick LichtenbergAugust 31, 2026
How long should a CEO get to turn around a struggling company?
C-Suite
How long should a CEO get to turn around a struggling company?
By Ruth UmohAugust 31, 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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