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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

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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

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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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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Commentary
Dolly Parton wrote the song we’ll forever play on repeat
By Corey duBrowaAugust 28, 2026
Woman in a blazer
Newsletters
Deloitte sees a $566 billion lunar economy by 2050
By Amanda GerutAugust 28, 2026
Scammers are hijacking tap-to-pay donations to turn a $20 gift into a $2,000 charge—here’s how to protect your money
Personal Finance
Scammers are hijacking tap-to-pay donations to turn a $20 gift into a $2,000 charge—here’s how to protect your money
By Sydney LakeAugust 28, 2026
Home equity loan and HELOC rates: Aug. 28, 2026
Personal Finance
Home equity loan and HELOC rates, August 28, 2026
By Joseph HostetlerAugust 28, 2026
Gap’s new playbook: Less discounting, more Hailey Bieber
Retail
Gap’s new playbook: Less discounting, more Hailey Bieber
By Phil WahbaAugust 28, 2026
Gen Z’s bedazzling era is the latest Lipstick Index as youths put gems on everything from coffee cups to skincare
Retail
Gen Z’s bedazzling era is the latest Lipstick Index as youths put gems on everything from coffee cups to skincare
By Sarah GlodekAugust 28, 2026
A trader works on the floor of the New York Stock Exchange.
Investing
Why ‘equal weight’ S&P 500 funds are having a moment—and are up almost 16% this year alone
By Sheryl EstradaAugust 28, 2026
Bridge founder Zach Abrams sees an opportunity for ‘tokenized local currencies’ across Asia
Crypto
Bridge founder Zach Abrams sees an opportunity for ‘tokenized local currencies’ across Asia
By Angelica AngAugust 28, 2026
boom
Personal Finance
The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year
By Joshua HongAugust 27, 2026
susan
North America
In border states, even Trump’s own party wants the Canada fight to be over
By Nick LichtenbergAugust 27, 2026
newsom
Politics
A consultant who once railed against ‘the billionaire boys club’ is now leading opposition to California’s wealth tax
By Mia OsmonbekovAugust 27, 2026
Woman holds phone displaying crypto price chart with a laptop in front of her also showing crypto price chart.
Crypto
Bitcoin is having a great month—but Solana is doing even better as coin soars above $100
By Camila Grigera NaónAugust 27, 2026
OpenAI bans pro-Russia ChatGPT accounts used to spread pro-Kremlin content including an Israel-based think tank using real researchers’ names
Cybersecurity
OpenAI bans pro-Russia ChatGPT accounts used to spread pro-Kremlin content including an Israel-based think tank using real researchers’ names
By Marco Quiroz-GutierrezAugust 27, 2026
md
Future of Work
The AI Odyssey: How a primal fear from the Ancient Greek world has been awakened by new technology
By Nick LichtenbergAugust 27, 2026
‘Clearly, people hate data centers’: Sam Altman admits Americans hate what he’s wrought as his own data centers head quits
Big Tech
‘Clearly, people hate data centers’: Sam Altman admits Americans hate what he’s wrought as his own data centers head quits
By Mia OsmonbekovAugust 27, 2026
upper
Success
Welcome to the ‘upper-middle-class trap’: why $300,000 a year doesn’t feel like winning anymore
By Nick LichtenbergAugust 27, 2026
Moonshot AI logo.
Newsletters
Chinese open-source AI is starting to win over U.S. businesses
By Beatrice NolanAugust 27, 2026
Grayscale CEO: Crypto winter has thawed—but market watchers are still missing the point
Crypto
Grayscale CEO: Crypto winter has thawed—but market watchers are still missing the point
By Peter MintzbergAugust 27, 2026
Zohran Mamdani’s business council includes the CEOs of Chobani and Etsy. But Wall Street and Big Tech turned him down
North America
Zohran Mamdani’s business council includes the CEOs of Chobani and Etsy. But Wall Street and Big Tech turned him down
By Tatiana SatauaAugust 27, 2026
At least 360 people are dead and 1,400 missing after catastrophic floods sweep communities on the Nepal-China border
Environment
At least 360 people are dead and 1,400 missing after catastrophic floods sweep communities on the Nepal-China border
By Shristi Kafle, NIRANJAN SHRESTHA and The Associated PressAugust 27, 2026
The supply-chain savant: How FedEx CEO Raj Subramaniam leads through ‘reglobalization’
Magazine
The supply-chain savant: How FedEx CEO Raj Subramaniam leads through ‘reglobalization’
By Alyson ShontellAugust 27, 2026
maria
Commentary
We laid him off. Then we hired him back
By Maria ColacurcioAugust 27, 2026
Pete Hegseth runs his hand through his hair and holds a microphone with his other hand.
Politics
Pete Hegseth is worried about the Pentagon’s ‘Soviet-style bureaucracy,’ but the military’s $285 billion maintenance mess is all-American
By Sasha RogelbergAugust 27, 2026
Kevin O'Leary wearing a black suit with a gold NBA trading card necklace in his mouth
Success
Despite having a net worth of $400 million, Kevin O’Leary still shops at Walmart for $29 jeans: ‘I’m always looking for a great deal’
By Preston ForeAugust 27, 2026
‘You only get like two hours of alcohol or two hours of cigarettes a day’: Former Meta engineer on child safety settlement
Cybersecurity
‘You only get like two hours of alcohol or two hours of cigarettes a day’: Former Meta engineer on child safety settlement
By Barbara Ortutay, Wyatte Grantham-Philips and The Associated PressAugust 27, 2026
The Apollo missions brought us rechargeable hearing-aid batteries and quakeproof buildings. The European defense industry is now looking for its own ‘NASA moment’
Europe
The Apollo missions brought us rechargeable hearing-aid batteries and quakeproof buildings. The European defense industry is now looking for its own ‘NASA moment’
By Kamal AhmedAugust 27, 2026
aes
Politics
His state Democratic Party is still divided but Michigan’s El Sayed gets it, he says: ‘losing is hard’
By Joey Cappelletti and The Associated PressAugust 27, 2026
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Arts & Entertainment
Dolly Parton loved her Tennessee county so much that her foundation cut its dropout rate to 6%
By Kimberlee Kruesi, Dylan Lovan and The Associated PressAugust 27, 2026
Nvidia CFO says about half of its data center business comes from customers beyond hyperscalers
Retail
Nvidia CFO says about half of its data center business comes from customers beyond hyperscalers
By Sheryl EstradaAugust 27, 2026
cassidy
Personal Finance
Bernie Sanders has a fix for ‘Social Security’s solvency for generations to come’: make the rich pay
By Kevin Freking and The Associated PressAugust 27, 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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Current price of oil as of October 6, 2026placeholder alt text
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