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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
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
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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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Jeff La Marca
Health
The Medicare GLP-1 discount is here, so why are some sick people excluded?
By Jackie Fortiér and KFF Health NewsAugust 25, 2026
elections
Success
Every politician says they’re for the working man, so why are only 1% of elected officials from the working class?
By Noam Lupu, Nicholas Carnes and The ConversationAugust 25, 2026
influencer
Big Tech
The creator economy is headed for $500 billion, so why do their fans feel like a prison?
By Julianna Pillemer and The ConversationAugust 25, 2026
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Politics
Florida lost 450,000 ACA enrollees as Trump officials and analysts clash over why
By Robert Applebaum and The ConversationAugust 25, 2026
Pope Leo XIV on AI’s new ‘form of domination’: it risks becoming a tool of ‘economic colonialism’
AI
Pope Leo XIV on AI’s new ‘form of domination’: it risks becoming a tool of ‘economic colonialism’
By Catherina GioinoAugust 25, 2026
bessent
Investing
Scott Bessent, Stanley Druckenmiller and a hedge-fund legend hoist on his own petard
By Nick LichtenbergAugust 25, 2026
no-contact
Success
I talked to 68 adults who went no-contact with their families — and they all had one thing in common
By Rin Reczek and The ConversationAugust 25, 2026
Apollo chief economist says ‘China Shock 2.0 is here’ as new wave of Chinese technology floods global markets—and it’s bad news for American companies
Economy
Apollo chief economist says ‘China Shock 2.0 is here’ as new wave of Chinese technology floods global markets—and it’s bad news for American companies
By Mia OsmonbekovAugust 25, 2026
Photo of British flag blending into computer code in green type on a black screen.
Newsletters
A troubling recent rogue AI incident is just one reason why the U.K. AI Security Institute deserves far greater scrutiny
By Jeremy KahnAugust 25, 2026
A person wearing an apron in a storeroom, talking on the phone looking at an iPad.
Personal Finance
Small business insurance explained: Coverage every business owner needs to consider
By Joseph HostetlerAugust 25, 2026
Photo: Sam Altman
AI
OpenAI asks for more regulation from California after its own cybersecurity incidents prove just how capable AI is at hacking
By Marco Quiroz-GutierrezAugust 25, 2026
Photo of Dolly Parton
Success
Dolly Parton’s philanthropy inspiration was her father who couldn’t read or write: ‘I saw how crippling that could be’
By Sydney LakeAugust 25, 2026
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Politics
The Trump administration proposes $103,000 fee for H-1B visas that DHS itself estimates would paralyze 76% of small businesses
By Mia OsmonbekovAugust 25, 2026
Elon Musk’s former X product chief Nikita Bier is charging venture-backed founders $15,000 for a 30-minute consulting call
Startups & Venture
Elon Musk’s former X product chief Nikita Bier is charging venture-backed founders $15,000 for a 30-minute consulting call
By Marco Quiroz-GutierrezAugust 25, 2026
A man sits at a desk with a LinkedIn display behind him.
AI
Over 1 million people clicked LinkedIn’s ‘seems like AI slop’ button as the platform fights to keep ‘dead internet theory’ from becoming reality
By Sasha RogelbergAugust 25, 2026
Your VA loan refinance options
Personal Finance
Your VA loan refinance options
By Joseph HostetlerAugust 25, 2026
An armed Somali pirate along the coastline while the Greek cargo ship, MV Filitsa, is seen anchored just off the shores of Hobyo town in northeastern Somalia where its being held by pirates.
Energy
‘This is obviously a very, very lucrative business for them’: Somali pirates are back—the Iran war is keeping the US too busy to stop them
By Joshua HongAugust 25, 2026
Four players from the LA Dodgers and Atlanta Braves stand together on the field during a baseball game.
Crypto
Kalshi strikes deals with five MLB teams, eyes a separate league partnership
By Camila Grigera NaónAugust 25, 2026
Bottles of Heinz tomato ketchup for sale are displayed at a store
Retail
‘We tend to lead the way’: How Europe become a testing ground for Kraft Heinz 
By Sam BirchallAugust 25, 2026
For Sale real estate sign for Redfin in front of a townhome, Walnut Creek, California.
Real Estate
Redfin ordered to reinstate listings, hire staff for the service under FTC settlement in Zillow case
By The Associated Press and Alex VeigaAugust 25, 2026
The sun rises behind a Revolutionary War "witness tree" at the Battle of Eutaw Springs, S.C., historic site.
North America
‘It’s very rare to have a witness tree’: Arborists try to save tree that dates to 50 years before Revolutionary War
By The Associated Press and Allen BreedAugust 25, 2026
Trump’s pronouncements are triggering instant trades in the Middle East as UAE investors place bigger bets
Middle East
Trump’s pronouncements are triggering instant trades in the Middle East as UAE investors place bigger bets
By Inzamam RashidAugust 25, 2026
Dario Amodei
Success
Anthropic’s potential $2 trillion IPO could turn staff into millionaires—now the AI firm is asking candidates what they’d do if stock fell to zero
By Preston ForeAugust 25, 2026
Photo of Mark Zuckerberg
Success
Meta billionaire Mark Zuckerberg has just bought a 196-year-old Gothic castle with 11 bedrooms in Ireland worth up to $35 million
By Emma BurleighAugust 25, 2026
Republicans squirm as Trump escalates trade war with Canada
Economy
Republicans squirm as Trump escalates trade war with Canada
By Bill Barrow and The Associated PressAugust 25, 2026
Madonna poses before the Saint Laurent Spring/Summer 2026 collection presented in Paris.
AI
Australia bans AI-generated music—only ‘substantially human made’ music is eligible to make the charts
By The Associated Press and Rod McGuirkAugust 25, 2026
data
Environment
AI’s land problem is pushing data centers into the ocean
By Nir Kshetri and The ConversationAugust 25, 2026
mice
Health
Alcoholic lab mice are helping scientists unlock which part of the brain makes us want to drink
By Danny G. Winder, Marie Doyle and The ConversationAugust 25, 2026
newsom
Environment
Newsom pitches faster wildfire payouts, but you’d lose your right to sue
By Sophie Austin and The Associated PressAugust 25, 2026
karen
Law
Jeff Bezos ordered to reinstate fired Black opinion writer at Washington Post over Charlie Kirk reaction
By Corey Williams and The Associated PressAugust 25, 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
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