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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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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

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
a
‘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
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
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
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News
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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

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
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
More in News
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
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

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
Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows

Buffett, at 96, 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
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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
wrong
Workplace Culture
The difference between ‘agree to disagree’ and ‘you’re wrong’ — or why you hate that guy who always corrects you
By Andras Molnar, George Loewenstein and The ConversationAugust 24, 2026
Home equity loan and HELOC rates: Aug. 24, 2026
Personal Finance
Home equity loan and HELOC rates, August 24, 2026
By Joseph HostetlerAugust 24, 2026
Matteo Franceschetti (CEO) center, Massimo Andreasi Bassi (CTO) right, and Alexandra Zatarain (VP of Brand and Marketing) left.
Startups & Venture
The company selling a $3,000 mattress cover that billionaires love wants to become a healthcare company that treats sleep apnea
By Lily Mae LazarusAugust 24, 2026
ny
Commentary
American Staffing Association chief economist: The future of work is temporary, and that changes everything about the labor market
By Noah YosifAugust 24, 2026
Photo of a Flock camera in Lawnside, New Jersey
Cybersecurity
Meet Flock, the $8 billion startup backed by a16z and Tiger facing growing backlash against surveillance capitalism
By Catherina GioinoAugust 24, 2026
How Washington’s interest bill on the $40 trillion national debt exploded 14% in 10-month budget period through July
Economy
How Washington’s interest bill on the $40 trillion national debt exploded 14% in 10-month budget period through July
By Shawn TullyAugust 24, 2026
Russia is suffering from a slow-motion bank run as the Kremlin scavenges for war funding—and it may start seizing recruits for the military too
Banking
Russia is suffering from a slow-motion bank run as the Kremlin scavenges for war funding—and it may start seizing recruits for the military too
By Jason MaAugust 23, 2026
As Trump administration readies economic warfare measures against Iran, top security official vows retaliation ‘in a seismic manner’
Politics
As Trump administration readies economic warfare measures against Iran, top security official vows retaliation ‘in a seismic manner’
By The Associated PressAugust 23, 2026
Jared Kushner has negotiated with adversaries like Iran as Trump’s envoy. Now he’s talking with the House Democratic leader ahead of midterms
Politics
Jared Kushner has negotiated with adversaries like Iran as Trump’s envoy. Now he’s talking with the House Democratic leader ahead of midterms
By Lisa Mascaro and The Associated PressAugust 23, 2026
‘This is heartbreaking for me’ — A sailor serving on the USS Abraham Lincoln just found out his father was caught in Trump’s immigration crackdown
North America
‘This is heartbreaking for me’ — A sailor serving on the USS Abraham Lincoln just found out his father was caught in Trump’s immigration crackdown
By Safiyah Riddle, Amy Taxin, Jack Brook and The Associated PressAugust 23, 2026
The Iran war could last ‘deep into 2027’ as the Strait of Hormuz isn’t that closed, allowing more oil to leak out—but major escalation is likely soon
Middle East
The Iran war could last ‘deep into 2027’ as the Strait of Hormuz isn’t that closed, allowing more oil to leak out—but major escalation is likely soon
By Jason MaAugust 23, 2026
Burry says he sold Alibaba, calling it pricey before share sale
Big Tech
Burry says he sold Alibaba, calling it pricey before share sale
By Se Young Lee and BloombergAugust 23, 2026
forest
Environment
Earth’s forests took 100,000 years to recover from the last climate shock — this one is moving 10 times faster
By Regan E. Dunn and The ConversationAugust 23, 2026
r
North America
Reno’s mayor to residents near a fast-growing wildfire: your life matters more than your house
By The Associated PressAugust 23, 2026
Trump panic mounts as judge rules his financial records fair game in his own BBC defamation lawsuit
Law
Trump panic mounts as judge rules his financial records fair game in his own BBC defamation lawsuit
By Michael Kunzelman and The Associated PressAugust 23, 2026
nancy
Politics
Nancy Kassebaum Baker said she’d ‘rather cuddle up and do needlepoint all day,’ but became a rare Republican to call for Trump’s impeachment
By John Hanna and The Associated PressAugust 23, 2026
g
Environment
A California house painter taught himself about gibbons 50 years ago — and now his center is a world-leading rescue facility
By Jaimie Ding and The Associated PressAugust 23, 2026
japan
Politics
Japan’s PM is barely sleeping and rarely leaving her office in the name of ‘efficiency.’ Her approval rating disagrees
By Mari Yamaguchi and The Associated PressAugust 23, 2026
‘We’re going to hit back’ — Canada does what many other U.S. allies have avoided: risk economic pain rather than yield to tariff pressure
North America
‘We’re going to hit back’ — Canada does what many other U.S. allies have avoided: risk economic pain rather than yield to tariff pressure
By Rob Gillies and The Associated PressAugust 23, 2026
s
North America
The U.S. picked the Mexican state without screwworm to reopen the border. Then it got screwworm
By Fabiola Sánchez and The Associated PressAugust 23, 2026
sb
Banking
Traders bet bitcoin was stuck below $67,000. The Treasury blew that trade up in one afternoon
By Michelle Chapman and The Associated PressAugust 23, 2026
bossware
Workplace Culture
Your boss’s monitoring app didn’t just watch you — it shared your data to Facebook and a Russian search engine
By Cathy Bussewitz and The Associated PressAugust 23, 2026
buc-ees
Law
Buc-ee’s Buckeye backlash as beaver infringement lawsuit infuriates Mini Mart maniacs in Ohio
By Julie Carr Smyth and The Associated PressAugust 23, 2026
Photos of Elon Musk (left) and Sen. Bernie Sanders
Personal Finance
Taxing all 938 billionaires at 100% wouldn’t stop the $40 trillion national debt, says Elon Musk. Bernie Sanders says tax them 5% and send you a check
By Catherina GioinoAugust 23, 2026
Jimmy Donaldson, also known as MrBeast
Success
Despite his $2.6 billion net worth, MrBeast said he’s had to borrow cash and didn’t even have enough money in his bank account to buy McDonald’s
By Emma BurleighAugust 23, 2026
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking some $29 billion in tax revenue with them
Real Estate
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking some $29 billion in tax revenue with them
By Marco Quiroz-GutierrezAugust 23, 2026
carter
Personal Finance
Meet the 18-year-old junk remover who vibe-coded his own pricing calculator and makes up to $15,000 a month
By Nick LichtenbergAugust 23, 2026
Fortune Archives: Baseball’s salary cap fight is 40 years in the making
Newsletters
Fortune Archives: Baseball’s salary cap fight is 40 years in the making
By Joey AbramsAugust 23, 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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