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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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Today’s home equity loan and HELOC rates, Oct. 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
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
Will AI kill the Asian entertainment industry, or reinvent it?
Will AI kill the Asian entertainment industry, or reinvent it?
By Angelica AngOctober 7, 2026
Gold bars
Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties
By Catherina GioinoOctober 6, 2026
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? 
By Kamal AhmedOctober 6, 2026
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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
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
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
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
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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
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Global
More in Global
How does debt relief work? Costs, risks, and what to expect
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
‘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
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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
An extra $100 per month for Obamacare is too much for nearly half a million Floridians
Politics
An extra $100 per month for Obamacare is too much for nearly half a million Floridians
By Ali Swenson, Jacquelyn Martin and The Associated PressAugust 25, 2026
Secret Service reviews apparent Iranian state media threat against life of Barron Trump
Politics
Secret Service reviews apparent Iranian state media threat against life of Barron Trump
By The Associated PressAugust 25, 2026
The S&P Global logo displays on a mobile screen
Investing
The S&P 500’s earnings surge looks incredible. Two companies explain why
By Sheryl EstradaAugust 25, 2026
Trump floats renaming Lake Ontario as ‘Lake America’ amid Canada trade war
North America
Trump floats renaming Lake Ontario as ‘Lake America’ amid Canada trade war
By Darlene Superville, Rob Gillies and The Associated PressAugust 25, 2026
un
Cybersecurity
UN warns world is ‘dangerously close’ to letting machines autonomously target and kill humans
By The Associated PressAugust 25, 2026
lc
Law
Lindsay Clancy case: forensic psychologist testifies that an 18-minute hallucination that lasts as long as 3 murders is not psychosis
By Michael Casey and The Associated PressAugust 25, 2026
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Health
Louisiana girl, 8, dies from rare brain-eating amoeba that thrives in freshwater
By Jack Brook and The Associated PressAugust 25, 2026
Top CD rates from major banks Aug. 25, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 25, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 25, 2026
oc
AI
Workers are lying less about AI—but they’ve developed a worse habit
By Nick LichtenbergAugust 25, 2026
Current price of oil as of Aug. 25, 2026
Personal Finance
Current price of oil as of August 25, 2026
By Joseph HostetlerAugust 25, 2026
Current price of Bitcoin for Aug. 25, 2026
Personal Finance
Current price of Bitcoin for August 25, 2026
By Joseph HostetlerAugust 25, 2026
Current price of Ethereum for Aug. 25, 2026
Personal Finance
Current price of Ethereum for August 25, 2026
By Joseph HostetlerAugust 25, 2026
oil
Commentary
Less than 300 million barrels left: the engineering limits threatening the American Strategic Petroleum Reserve
By Siddharth MisraAugust 25, 2026
Comic-Con International 2017 - Preview Night
Newsletters
Private equity’s $860 billion zombie company problem
By Allie GarfinkleAugust 25, 2026
US President Donald Trump, right, followed by Scott Bessent, US treasury secretary, exit the South Portico of the White House before boarding Marine One in Washington, DC, US, on Saturday, Dec. 13, 2025.
Economy
Trump plans to grow his way out of $40 trillion debt crisis—it’s a ‘fantastic story’ but virtually impossible, says top budget economist
By Eleanor PringleAugust 25, 2026
Mark Drapeau is founding partner of Veleonis and editor in chief of the Data Catalyst Institute.
Commentary
The data-center backlash has broken into the midterms but the industry’s problem is larger than communications: America needs a new bargain
By Mark DrapeauAugust 25, 2026
Photo: President Donald Trump greets Canadian Prime Minister Mark Carney during a summit on Gaza in Sharm el-Sheikh on October 13, 2025.
Newsletters
In U.S.-Canada trade war, Trump says they are ‘the worst’ and Canada’s top trade envoy tells him to ‘kiss my ass’
By Jim EdwardsAugust 25, 2026
warsh
Commentary
The Fed doesn’t know who’s financing the $3 trillion AI boom
By Joao GomesAugust 25, 2026
Bosses are convinced Gen Z fake Wi-Fi outages and sick days to sneak off in summer—but 1 in 2 senior managers are guilty of the same thing
Success
Bosses are convinced Gen Z fake Wi-Fi outages and sick days to sneak off in summer—but 1 in 2 senior managers are guilty of the same thing
By Orianna Rosa RoyleAugust 25, 2026
Four firms control more than half of the world’s seed supply. Italian farmers are fighting back and returning to the bartering system
Startups & Venture
Four firms control more than half of the world’s seed supply. Italian farmers are fighting back and returning to the bartering system
By Catherina GioinoAugust 25, 2026
Photo of Jamie and Judith Dimon
Success
Jamie Dimon and his wife, Judith, donate $12 million to 12 HBCUs—betting they’re the ‘springboard to success’ for the next generation
By Sydney LakeAugust 25, 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
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