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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

3

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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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
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
By The Associated Press, Gerald Imray and Jacob ZimbaOctober 6, 2026
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
By Doug Ferguson and The Associated PressOctober 6, 2026
Young woman with suitcase close to her waiting for transportation in airport lounge
Gen Z’s new American Dream: Skip the mortgage, book the flight
By Bilin LinOctober 6, 2026
After housing protests turned violent, Spain will tax seasonal rentals to build a 10 billion euro fund into first-home loans
After housing protests turned violent, Spain will tax seasonal rentals to build a 10 billion euro fund into first-home loans
By The Associated Press and TERESA MEDRANOOctober 6, 2026
Asmita Dubey is the chief digital and marketing officer, at L'Oréal
As AI reshapes the consumer journey, L’Oréal is rethinking its marketing engine
By Kirsty McGregor and Francesca CassidyOctober 6, 2026
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News
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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

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
Taxpayers are still paying $1.6 million a week to keep 420 radio staffers out of work

The United States Agency for Global Media can’t document 99% of the gear from Voice of America that it dumped in 2025.

By Joshua HongOctober 5, 2026
‘I was just kind of on my own’: Soldiers wounded in Iranian drone strike say the Army ‘took too long’ to treat their injuries

“I was just kind of on my own, at least it felt like that,” said Lincón, a veteran of wars in Iraq and Afghanistan.

By The Associated Press, Julie Watson, Jack Brook and Konstantin ToropinOctober 5, 2026
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North America
More in North America
Current price of oil as of Oct. 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
How Christina Zhu turned Sam’s Club into Walmart’s unlikely growth engine in China

Walmart China’s first native Chinese CEO is leaning on Sam’s Club, smaller portion sizes, and an ultrafast delivery network to drive growth in a strained consumer economy.

By Nicholas GordonOctober 5, 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
Eva Olsson, Ellen Moons, and Mark Pearce sit in front of a screen displaying Francis Halzen as the recipient of the 2026 Nobel Prize in Physics during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 6, 2026. Belgian physicist Francis Halzen won the Nobel Prize in Physics for work on subatomic particles at the South Pole, the Nobel jury said.
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
Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows

96-year-old Buffett now spends his evenings watching YouTube—but the billionaire has long made time for reading, bridge and seeking work-life balance.

By Preston ForeOctober 6, 2026
How to choose a mortgage lender in 2026

Choosing the wrong mortgage lender could potentially cost you thousands. Here’s how to compare your options, what questions to ask every lender, and the red flags to watch out for.

By Glen Luke FlanaganOctober 6, 2026
Brands are fleeing TV for social. The agency behind 50 Cent and Doordash’s viral Super Bowl-week ad just sold for at least $100 million

Exclusive: Get Engaged becomes a part of SAMY, a global social-first marketing company.

By Sydney LakeOctober 6, 2026
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College students are shaving a year off their bachelor’s degrees and saving as much as $20,000. Critics say they’re ‘cutting corners’
Success
College students are shaving a year off their bachelor’s degrees and saving as much as $20,000. Critics say they’re ‘cutting corners’
By Heather Hollingsworth and The Associated PressAugust 24, 2026
Who is Dali Rajic, OpenAI’s new chief revenue officer?
AI
Who is Dali Rajic, OpenAI’s new chief revenue officer?
By Emily ForliniAugust 24, 2026
how much
Economy
Here’s how much the $40 trillion national debt is costing you — whether you have student loans, a mortgage or Social Security
By Nick LichtenbergAugust 24, 2026
Young energy worker stands in front of power plant
Success
Goldman Sachs says America’s energy sector will need 500,000 more workers by 2030—and humanoid robots may have to step in
By Emma BurleighAugust 24, 2026
Photo of cows huddled together
Economy
A flesh-eating parasite shut out Mexican cattle—now record beef prices are forcing Trump to reopen the gate
By John Hanna, Sarah Raza and The Associated PressAugust 24, 2026
Photo of pollution
Environment
A climate novel imagined a heat wave killing 20 million people—scientists say an ‘extreme of extremes’ is no longer fiction
By Peter Prengaman and The Associated PressAugust 24, 2026
His boss asked if AI could replace human coders. Two weeks later, he and 160 colleagues were laid off in Beijing
AI
His boss asked if AI could replace human coders. Two weeks later, he and 160 colleagues were laid off in Beijing
By Chan Ho-Him, Fu Ting and The Associated PressAugust 24, 2026
President Donald Trump tees off during the opening ceremony for the Trump International Golf Links golf course.
Travel & Leisure
Trump ripped Obama for flying long distances to play golf. Now he’s flying to the Irish Open
By Will Weissert and The Associated PressAugust 24, 2026
A house is engulfed in the flames of the Mountain Fire as the wildfire scorches acres in Camarillo Heights, Camarillo, California.
North America
‘Everything we own is gone’: Over 90,000 people in Reno evacuated amidst ‘human-caused’ wildfire
By John Raby, Jack Brook, John Seewer and The Associated PressAugust 24, 2026
The Treasury doubled bond buybacks to bring down borrowing costs. The relief barely lasted
Personal Finance
The Treasury doubled bond buybacks to bring down borrowing costs. The relief barely lasted
By Elaine Kurtenbach, Michelle Chapman and The Associated PressAugust 24, 2026
greg
Politics
Greg Abbott turned from data center ‘epicenter’ booster to skeptic—and Trump is calling it an economic ‘mistake’
By Nick LichtenbergAugust 24, 2026
Top CD rates from major banks Aug. 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 24, 2026
Current price of oil as of Aug. 24, 2026
Personal Finance
Current price of oil as of August 24, 2026
By Joseph HostetlerAugust 24, 2026
Current price of Bitcoin for Aug. 24, 2026
Personal Finance
Current price of Bitcoin for August 24, 2026
By Joseph HostetlerAugust 24, 2026
Current price of Ethereum for Aug. 24, 2026
Personal Finance
Current price of Ethereum for August 24, 2026
By Joseph HostetlerAugust 24, 2026
Photo of Pete Hegseth
Politics
U.S. strikes another boat in Eastern Pacific as death toll tops 210 in anti-cartel war
By Bill Barrow and The Associated PressAugust 24, 2026
Photo of Iran's currency rial
Economy
Iran calls U.S. sanctions support ‘act of war’ as its currency crumbles
By The Associated PressAugust 24, 2026
New York added 30,640 tech workers in 3 years, surpassing San Francisco as AI hiring surges 
AI
New York added 30,640 tech workers in 3 years, surpassing San Francisco as AI hiring surges 
By Sheryl EstradaAugust 24, 2026
At the year’s buzziest blockchain conference, a new crypto powerhouse emerges
Newsletters
At the year’s buzziest blockchain conference, a new crypto powerhouse emerges
By Jeff John RobertsAugust 24, 2026
Jack Welch fired him from GE. He became a Fortune 500 CEO 3 years later
C-Suite
Jack Welch fired him from GE. He became a Fortune 500 CEO 3 years later
By Ruth UmohAugust 24, 2026
Photo of Mark Cuban
C-Suite
Mark Cuban wants to solve wealth inequality by making employers choose between paying higher taxes or giving every member of staff company stock
By Eleanor PringleAugust 24, 2026
Garrett Langley, founder and chief executive officer of Flock Safety, at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings.
Newsletters
Flock Safety has been a venture darling. Will data privacy controversies halt its rise?
By Catherina GioinoAugust 24, 2026
Photo: John Ternus
Newsletters
Apple to launch $2,000-plus foldable ‘iPhone Ultra’ in early September: report
By Jim EdwardsAugust 24, 2026
target
Commentary
Target, Starbucks and Nike are writing the 2026 turnaround playbook. Here are the key lessons 
By Jeffrey Sonnenfeld and Steven TianAugust 24, 2026
Ingka Centres Avion Shopping Centre
Retail
Ikea’s real estate arm sponsored a pillow fight in France. Here’s why 
By Sam BirchallAugust 24, 2026
MacKenzie Scott
Success
A $1,000 loan kept MacKenzie Scott in college—now the billionaire philanthropist is giving away her $37 billion fortune to pay it forward
By Sydney LakeAugust 24, 2026
Photo of Kunal Nayyar
Success
Despite a $45 million net worth, Big Bang Theory star Kunal Nayyar still works tough, 16-hour days—he repeats this mantra when he’s overwhelmed
By Orianna Rosa RoyleAugust 24, 2026
scott
Commentary
Scott Bessent and the bond market: a pointless intervention
By Steve H. Hanke and John GreenwoodAugust 24, 2026
feral hogs
Environment
Feral hogs are running wild in 35 states and the Senate is debating whether to triple funding
By Chris Boyer, Aaron Smith, Eunchun Park and The ConversationAugust 24, 2026
phone
AI
Google can track exactly how your agent spends your money — but it’s no help when it buys something you didn’t approve
By Aashis Luitel and The ConversationAugust 24, 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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