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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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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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A sign stands outside the main gate of Fort Stewart, Ga.
Arts & Entertainment
Army unit offers ‘special 4 day pass’ to play Grand Theft Auto VI for reenlisted troops as part of ‘unique incentives program’
By Russ Bynum and The Associated PressAugust 20, 2026
Senators demand answers from TikTok About ‘depraved’ experiment
Cybersecurity
Senators demand answers from TikTok About ‘depraved’ experiment
By Olivia Carville and BloombergAugust 20, 2026
Bessent becomes most interventionist Treasury chief in decades
North America
Bessent becomes most interventionist Treasury chief in decades
By Christopher Anstey, Jorgelina do Rosario, Michael Mackenzie, Greg Ritchie and BloombergAugust 20, 2026
Sam Altman walking.
Newsletters
The AI industry is getting better at spotting dangerous behavior. It is less clear that labs know how to stop it
By Beatrice NolanAugust 20, 2026
sb
Economy
Scott Bessent on the national debt: ‘There’s nothing magic about the $40 trillion number’
By Nick LichtenbergAugust 20, 2026
Gen Z forced to rewrite the American Dream in the ‘Great Postponement’: Fixer-uppers, side hustles and doing life out of order
Success
Gen Z forced to rewrite the American Dream in the ‘Great Postponement’: Fixer-uppers, side hustles and doing life out of order
By Tatiana SatauaAugust 20, 2026
Photo fo Walmart
Retail
Facing weary customers, Walmart will use its nearly $3 billion in tariff refunds to lower prices
By Mia OsmonbekovAugust 20, 2026
Photo of Bill Ackman
C-Suite
Bill Ackman’s $400 million brain institute was inspired by his daughter—and built outside elite universities, which he says are losing talent
By Mia OsmonbekovAugust 20, 2026
Billionaire biotech pioneer Robert Langer
Success
Moderna co-founder is a billionaire once again at $1.7 billion—he once turned down 20 high-paying job offers to ‘have more of an impact on the world’
By Emma BurleighAugust 20, 2026
Happy male gamer celebrating while playing on a dark room
Success
One U.S. Army unit is offering 4-days off to play Grand Theft Auto—but there’s a catch: they’ll have to reenlist if they take the day off to play
By Preston ForeAugust 20, 2026
Nneka Ogwumike’s WNBA legacy isn’t just her 11 All-Star nods. It’s a 364% pay raise for the players
MPW
Nneka Ogwumike’s WNBA legacy isn’t just her 11 All-Star nods. It’s a 364% pay raise for the players
By Emma HinchliffeAugust 20, 2026
Democratic U.S. Senate candidate, Florida state Rep. Angie Nixon participates in a worship service during a visit to the Ebenezer Missionary Baptist Church.
Politics
Another Democratic primary, another shocking DSA upset as Angie Nixon adds to moderates’ heartburn over seemingly unstoppable wave
By The Associated Press and Matt BrownAugust 20, 2026
The U.S. cabinet faces some tough budgetary decisions.
Economy
As U.S. debt hits $40 trillion, Americans will foot the bill: $700 a month for retirees, and homebuyers could take a $53,000 hit, report finds
By Eleanor PringleAugust 20, 2026
h
Economy
Exclusive: A leader in Venezuela’s National Assembly engages ‘money doctor’ Steve Hanke for a dose of dollarization medicine in a nation sick from hyperinflation
By Shawn TullyAugust 20, 2026
Your next oil change is becoming a bigger part of car dealers’ business as profits cool and service departments make up the difference
Retail
Your next oil change is becoming a bigger part of car dealers’ business as profits cool and service departments make up the difference
By Marco Quiroz-GutierrezAugust 20, 2026
t
Health
‘Game-changer’ GLP-1s could fix America’s obesity crisis—but 2 inequalities stand in the way
By Nick LichtenbergAugust 20, 2026
Governor races present ‘unique moment’ as historic number of Black candidates climbs to 8
Politics
Governor races present ‘unique moment’ as historic number of Black candidates climbs to 8
By Bill Barrow, Steven Sloan and The Associated PressAugust 20, 2026
The great climate change Champagne race, as grape ripening shrinks from 100 to 80 days: ‘We’ve never seen anything like it’
Environment
The great climate change Champagne race, as grape ripening shrinks from 100 to 80 days: ‘We’ve never seen anything like it’
By Sylvie Corbet, Nicolas Garriga and The Associated PressAugust 20, 2026
Photo of Stars and Stripes newspaper
Politics
The military’s own newspaper is too ‘woke’ for Pete Hegseth as longtime Stars and Stripes publisher retires after decades of service
By Jocelyn Noveck and The Associated PressAugust 20, 2026
You are paying for your favorite college athlete now: ‘the next stage of the arms race’
North America
You are paying for your favorite college athlete now: ‘the next stage of the arms race’
By David A. Lieb and The Associated PressAugust 20, 2026
Trump calls his new FDA pick ‘Dr. Heidi.’ Patty Murray calls her a ‘far-right, anti-abortion extremist’
Politics
Trump calls his new FDA pick ‘Dr. Heidi.’ Patty Murray calls her a ‘far-right, anti-abortion extremist’
By Ali Swenson and The Associated PressAugust 20, 2026
Photo of ex-Meta engineer
Big Tech
Instagram took ‘don’t ask, don’t tell’ approach to kids, former engineer testifies — and pay was tied to keeping them online
By Barbara Ortutay and The Associated PressAugust 20, 2026
ri
North America
‘Squid has a distinctive odor to it’: Seafood truck crash in Rhode Island creates ‘Squidpocalypse of ’26’
By Josh Kelety and The Associated PressAugust 20, 2026
w
Retail
Walmart’s sales growth falls to 6-year low as Middle American shoppers go on strike
By Anne D'Innocenzio and The Associated PressAugust 20, 2026
t
Retail
Target’s second straight comeback quarter boosted by nearly $1 billion Trump tariff refund
By Anne D'Innocenzio and The Associated PressAugust 20, 2026
s
Economy
Why the bond market is acting like it did before the Great Recession
By Stan Choe, Christopher Rugaber and The Associated PressAugust 20, 2026
company's initial public offering at the New York Stock Exchange on Sept. 10, 2025.
C-Suite
Klarna wants its next CFO in New York. That’s a signal to Wall Street
By Sheryl EstradaAugust 20, 2026
a
North America
‘Capital alone no longer clears a site’: Morgan Stanley says data centers’ big money era is over
By Nick LichtenbergAugust 20, 2026
warsh
Economy
Treasury rushes into bond market as Fed minutes show many governors want to hike rates, not cut
By Christopher Rugaber and The Associated PressAugust 20, 2026
canada
North America
Trump’s Canada tariff threat produces a deal with no public terms
By Rob Gillies, Paul Wiseman, Seung Min Kim and The Associated PressAugust 20, 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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