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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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Gold bars
Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

Rush will give up 298 gold bars, Palm Beach and Jupiter Island real estate, 35 watches, two BMW Alpinas and about $40 million in cash.

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
Photo of Donald Trump in Dublin
OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’
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
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News
More in News
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
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
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
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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

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
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
More in Global
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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
‘I had no one to bird with who wasn’t 20 years older than me’: Meet the Gen Zers who transformed grandma’s hobby into an analog craze
North America
‘I had no one to bird with who wasn’t 20 years older than me’: Meet the Gen Zers who transformed grandma’s hobby into an analog craze
By Mia OsmonbekovAugust 23, 2026
Kirill Bigai, the cofounder and CEO of learning platform Preply,
Success
The CEO of $1.2 billion learning platform Preply says it all started with his online search for an English tutor
By Emma BurleighAugust 23, 2026
cromwell
Commentary
OTC Markets CEO: 250 years of market history just collided with a new SEC rule
By Cromwell CoulsonAugust 23, 2026
A man sits in the driver’s seat of a truck, frowning.
Investing
American billionaires are showing off their farmland for elaborate hobbies, but a buying spree among the ultrarich risks pricing farmers out
By Sasha RogelbergAugust 23, 2026
Exhausted businesswoman sleeping at desk in home office with playing son
Economy
Women want ‘dads,’ not ‘duds’: A Nobel-winning historian has a theory for falling birthrates, but the economics aren’t so straightforward
By Eleanor PringleAugust 23, 2026
Los Angeles Dodgers Owner and Chairman Mark Walter looks on before game one of the National League Championship Series.
Investing
Mark Walter’s sports empire offers a glimpse of the money machine behind private credit—and the plumbing keeping it together
By Joshua HongAugust 23, 2026
SpaceX is hiring in natural gas trading for energy needs
Energy
SpaceX is hiring in natural gas trading for energy needs
By Julian Hast and BloombergAugust 22, 2026
Humanoid Chinese robots are smashing running records set by humans — including Usain Bolt’s sprint
Innovation
Humanoid Chinese robots are smashing running records set by humans — including Usain Bolt’s sprint
By Achmad Ibrahim, Chan Ho-Him and The Associated PressAugust 22, 2026
Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says
Economy
Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says
By Jason Ma and Shawn TullyAugust 22, 2026
‘You’re at war when you get attacked’ — Canada’s Mark Carney accuses U.S. of using economic integration as a weapon as trade fight spurs tariff hikes
North America
‘You’re at war when you get attacked’ — Canada’s Mark Carney accuses U.S. of using economic integration as a weapon as trade fight spurs tariff hikes
By Paul Wiseman, Rob Gillies and The Associated PressAugust 22, 2026
Canada demand for trucks tariff relief imperiled trade talks
North America
Canada demand for trucks tariff relief imperiled trade talks
By Josh Wingrove and BloombergAugust 22, 2026
Nvidia customers notified about AI-related price hikes above 15%
Big Tech
Nvidia customers notified about AI-related price hikes above 15%
By Brody Ford, Ian King and BloombergAugust 22, 2026
Trump’s stock disclosure shows more than 1,000 trades in June
Politics
Trump’s stock disclosure shows more than 1,000 trades in June
By Hadriana Lowenkron and BloombergAugust 22, 2026
Forget AI, debt has become the main character on Wall Street as markets just now decided that it’s gotten out of control after years of warnings 
Economy
Forget AI, debt has become the main character on Wall Street as markets just now decided that it’s gotten out of control after years of warnings 
By Jason MaAugust 22, 2026
Even billionaires are worried their Gen Z kids can’t keep a job—and their wealth advisors say the fear is ‘very real’
Success
Even billionaires are worried their Gen Z kids can’t keep a job—and their wealth advisors say the fear is ‘very real’
By Sydney LakeAugust 22, 2026
‘We will not endure’ — Top Iranian leaders signal they are running out of time as economy crumbles ahead of Trump’s next sanctions onslaught
Middle East
‘We will not endure’ — Top Iranian leaders signal they are running out of time as economy crumbles ahead of Trump’s next sanctions onslaught
By Jason MaAugust 22, 2026
Jeff Bezos
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeAugust 22, 2026
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
Success
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
By Orianna Rosa RoyleAugust 22, 2026
Two young men sit in the stands at a sports event and smile while looking at a phone
Lifestyle
‘This is a money-losing proposition for most of these individuals’: Americans are draining stock portfolios to shovel more money into sports betting
By Sasha RogelbergAugust 22, 2026
aes
Politics
Abdul El-Sayed used Mamdani’s social media playbook to overcome a 9:1 spending deficit. Now he’s facing slander about 9/11
By Michael Traugott and The ConversationAugust 22, 2026
layoffs
AI
90% of executives say AI hasn’t boosted productivity. Some are still cutting jobs
By Mark Ma and The ConversationAugust 22, 2026
oil
Energy
Trump says oil companies are ‘making too much money.’ Their own balance sheets agree
By Tibor Besedeš and The ConversationAugust 22, 2026
t
Cybersecurity
TikTok settles children’s privacy suit with DOJ for $400 million
By Barbara Ortutay and The Associated PressAugust 22, 2026
j
Environment
Meet the Florida architect who lost his roof at 12 — and now builds for the next Andrew
By Dorany Pineda and The Associated PressAugust 22, 2026
w
Politics
Trump remakes Rose Garden with loans from secret Supreme Court megadonor Harlan Crow
By Darlene Superville and The Associated PressAugust 22, 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
Success
Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different realityplaceholder alt text
By Sydney LakeOctober 6, 2026
Personal Finance
Current price of oil as of October 6, 2026placeholder alt text
By Joseph HostetlerOctober 6, 2026
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