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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

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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

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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OpenAI’s Human Rights Lead: What the military could do with AI ‘keeps me up at night’
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
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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
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‘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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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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Sundar Pichai standing and talking
AI
Google DeepMind is losing its grip on elite AI talent, new data shows
By Beatrice NolanAugust 27, 2026
Without local languages, ‘AI is essentially useless’: Hong Kong’s Votee AI is taking on English and Mandarin’s AI dominance with a Cantonese model 
Asia
Without local languages, ‘AI is essentially useless’: Hong Kong’s Votee AI is taking on English and Mandarin’s AI dominance with a Cantonese model 
By Nicholas GordonAugust 27, 2026
Four men at dinner
Big Tech
Nvidia CEO Jensen Huang eats dinner with someone ‘and their stock price doubles the next day’
By Amanda GerutAugust 27, 2026
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Commentary
The SaaSpocalypse that wasn’t – how Salesforce, Booking and IBM are thriving with AI 
By Jeffrey Sonnenfeld, Steven Tian and Stephen HenriquesAugust 26, 2026
Man in leather jacket
Big Tech
Nvidia gave its first-ever year-ahead forecast—a 70% growth bombshell meant to silence AI bubble critics and ‘circular financing’ doomsayers
By Amanda GerutAugust 26, 2026
Why Wall Street sees a $39,800 pancreatic cancer pill as proof of a much bigger bet
Health
Why Wall Street sees a $39,800 pancreatic cancer pill as proof of a much bigger bet
By Catherina GioinoAugust 26, 2026
Dolly Parton smiles at the camera with her hand up and fingers spread apart.
Crypto
Crypto traders turn Dolly Parton’s death into a memecoin frenzy
By Camila Grigera NaónAugust 26, 2026
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Commentary
Former CFTC Commissioner: Wall Street has used these financial contracts for decades. Now a goat herder does too
By Brian QuintenzAugust 26, 2026
Man in a black jacket
Big Tech
Nvidia doubles quarterly revenue to $96 billion and crushes Wall Street growth targets as CEO Jensen Huang says demand is accelerating
By Amanda GerutAugust 26, 2026
Don’t praise Meta ‘for what the court orders them to do’: Meta will only pay the full $17.1 billion settlement if TikTok and YouTube match it
Cybersecurity
Don’t praise Meta ‘for what the court orders them to do’: Meta will only pay the full $17.1 billion settlement if TikTok and YouTube match it
By Catherina GioinoAugust 26, 2026
CIA Director John L. Ratcliffe attends a news conference in James S. Brady Press Briefing Room of the White House.
Politics
CIA director visits Putin in Moscow in talks that Trump calls ‘sort of semi-routine’
By The Associated PressAugust 26, 2026
A shipping container is moved at a freight yard in Montreal, Quebec, Canada.
Economy
U.S. economy grows at sluggish 1.5% pace in second quarter
By Paul Wiseman and The Associated PressAugust 26, 2026
OpenAI CEO Sam Altman
AI
OpenAI, independent firms publish reports on rogue AI attack on Hugging Face. Here are the main takeaways—and what OpenAI still hasn’t disclosed.
By Emily ForliniAugust 26, 2026
Famed cult actor Tim Curry, star of ‘Rocky Horror Picture Show’ and ‘Home Alone 2,’ dead at 80
Arts & Entertainment
Famed cult actor Tim Curry, star of ‘Rocky Horror Picture Show’ and ‘Home Alone 2,’ dead at 80
By The Associated Press and Mark KennedyAugust 26, 2026
Dario Amodei, Anthropic CEO.
AI
Anthropic wants investors to believe its ‘total addressable market’ is worth $30 trillion—nearly the size of the entire US economy
By Beatrice NolanAugust 26, 2026
Meta’s $18 billion settlement leaves out the child protections New Mexico already won at trial, its Attorney General says
Law
Meta’s $18 billion settlement leaves out the child protections New Mexico already won at trial, its Attorney General says
By Catherina GioinoAugust 26, 2026
How David Tisch’s BoxGroup turned a $750K bet on Cursor into a $1 billion exit by breaking all the VC rules
Startups & Venture
How David Tisch’s BoxGroup turned a $750K bet on Cursor into a $1 billion exit by breaking all the VC rules
By Allie GarfinkleAugust 26, 2026
ChatGPT can now search years of your texts—but security experts are most worried about the people who never opted in
Cybersecurity
ChatGPT can now search years of your texts—but security experts are most worried about the people who never opted in
By Tatiana SatauaAugust 26, 2026
A logo of the company Scalable Capital. Scalable has been operating a platform for private investors since 2015.
Investing
A major German bank just let Claude and ChatGPT trade for customers. In one test, Claude beat human traders 76% of the time—but there’s a catch
By Joshua HongAugust 26, 2026
Matthew Kalish (left), Paul Liberman (middle), and Jason Robins (right), hold up a football with the DraftKings logo printed on it.
North America
Exclusive: Struggling DraftKings awards $30 million marketing contract to cofounder who recently stepped down
By Camila Grigera NaónAugust 26, 2026
How Cigna’s AI chief is investing in the technology to cut costs and address some of health care’s biggest problems
Newsletters
How Cigna’s AI chief is investing in the technology to cut costs and address some of health care’s biggest problems
By John KellAugust 26, 2026
Photo of Marc Lore
AI
‘It’s very objective’: Billionaire Marc Lore’s Wonder uses an AI algorithm to determine who gets promoted
By Mia OsmonbekovAugust 26, 2026
retire
Economy
Baby boomers are collecting 265% of what they paid into Social Security—and millennials are paying the price
By Nick LichtenbergAugust 26, 2026
meta
Big Tech
Meta’s $17 billion child-safety settlement is the biggest tech payout ever—or 3x what it paid to acquihire a 28-year-old AI superstar
By Nick LichtenbergAugust 26, 2026
Dolly Parton
Success
Dolly Parton once gave $1 million to help develop the Moderna COVID vaccine at Vanderbilt: ‘I’m kind of addicted to the feeling of giving’
By Preston ForeAugust 26, 2026
sb
Economy
The $40 trillion national debt and the bond market’s revolt: top Wall Street strategists explain how we got into this mess
By Nick LichtenbergAugust 26, 2026
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., exits Los Angeles Superior Court in Los Angeles, California, US.
Cybersecurity
Meta’s $17.1 billion settlement will be over 12-times larger than the second largest big tech privacy settlement in the past four years
By Joshua HongAugust 26, 2026
Pro-Russian group claims credit for biggest-ever hack on Norway government services after $9.2 billion pledge to Ukraine
Cybersecurity
Pro-Russian group claims credit for biggest-ever hack on Norway government services after $9.2 billion pledge to Ukraine
By The Associated PressAugust 26, 2026
george lee
Commentary
Goldman Sachs Global Institute co-head: remaking our world for machine intelligence
By George C. Lee IIAugust 26, 2026
Dubai airport traffic plunged 31% as the Iran war sent travelers looking for routes outside the Middle East
Travel & Leisure
Dubai airport traffic plunged 31% as the Iran war sent travelers looking for routes outside the Middle East
By The Associated PressAugust 26, 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
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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 losesplaceholder alt text
By Sasha RogelbergOctober 3, 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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