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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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Current price of Ethereum for Oct. 7, 2026
Current price of Ethereum for October 7, 2026

Ethereum isn’t just digital money; it’s a decentralized computing platform, meaning users can build and run apps on it without oversight of a company or bank.

By Joseph HostetlerOctober 7, 2026
Top CD rates from major banks Oct. 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Top CD rates from major banks on October 7, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerOctober 7, 2026
Current price of Bitcoin for Oct. 7, 2026
Current price of Bitcoin for October 7, 2026
By Joseph HostetlerOctober 7, 2026
Current price of oil as of Oct. 7, 2026
Current price of oil as of October 7, 2026
By Joseph HostetlerOctober 7, 2026
Tom Hale, CEO of Oura
Why Oura delayed its IPO
By Allie GarfinkleOctober 7, 2026
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
By Jim EdwardsOctober 7, 2026
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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

David Reuben’s move to Monaco follows a wave of departures since the U.K. scrapped its non-dom regime—and offers a preview of the fight California voters are deciding with Proposition 40.

By Sydney LakeOctober 7, 2026
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
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
More in North America
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
More in Asia
Global
More in Global
‘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

As global and regional liquidity tightens, a nascent Gulf secondary market is giving investors, founders, and early backers a new route to monetisation

By Melissa HancockOctober 7, 2026
Today’s home equity loan and HELOC rates, Oct. 7, 2026

By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.

By Joseph HostetlerOctober 7, 2026
Exclusive: Meet the 38-year-old founder who left Wall Street for love and created an AI insurance unicorn a decade later

Gage Caligaris’ Ledgebrook has raised $200 million, co-led by Allianz X and Rockefeller Capital Management. The valuation is $2.6 billion, a source said.

By Nick LichtenbergOctober 7, 2026
Citi shortens its analyst program to two years as Wall Street fights private equity for young talent

“The reality that private equity is interviewing so early in a banker’s career is very unfortunate, and to some extent, disappointing,” one Citi executive said.

By Sasha RogelbergOctober 7, 2026
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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
mari
Commentary
ADP CEO: the real conversation on jobs and AI is how do we prepare for what comes next?
By Maria BlackAugust 31, 2026
d
Commentary
Business has lost the trust of a generation. I hear about it at my dinner table
By Lori JankeAugust 31, 2026
t
Commentary
I’m working with Venezuela to kill its inflation. Trump’s secret oil deal with Delcy Rodriguez is illegitimate — and unhelpful
By Steve H. HankeAugust 31, 2026
Stablecoins are crypto’s killer app—but no one can agree on who will use them
Newsletters
Stablecoins are crypto’s killer app—but no one can agree on who will use them
By Jeff John RobertsAugust 31, 2026
Donald Trump, standing behind a podium, pantomimes holding a gun.
Newsletters
Trump threatens to blow Kharg Island ‘to smithereens’ as U.S. and Iran trade fresh strikes in the Gulf, driving up the price of oil
By Jim EdwardsAugust 31, 2026
w
Commentary
Why a 1963 bank case should not decide the Paramount/Warner deal
By Shubha GhoshAugust 31, 2026
Airwallex president Lucy Liu on the company’s plans to be ‘IPO-ready’
Newsletters
Airwallex president Lucy Liu on the company’s plans to be ‘IPO-ready’
By Nicholas GordonAugust 31, 2026
Customer agents in Taguig City, Metro Manila, Philippines, on April 24, 2024. (Photo: Lisa Marie David/Bloomberg/Getty Images)
Newsletters
The relationship between AI and customer service call centers might surprise you
By Andrew NuscaAugust 31, 2026
jeff
Commentary
I’m the ‘dean of innovation’ and I know that nobody can agree what ‘innovation’ actually means
By Jeff DeGraffAugust 31, 2026
Photo: Temu logo
AI
Temu spent up to $962 million on ads that helped finance an army of fake creators on Meta platforms, research claims
By Jim EdwardsAugust 31, 2026
‘Singles have become their own private investigators’: Daters are using LinkedIn to screen matches
North America
‘Singles have become their own private investigators’: Daters are using LinkedIn to screen matches
By Sarah GlodekAugust 31, 2026
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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 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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