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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

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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

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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Side-by-side photos of OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei
AI is heading toward a cash-flow negative inflection point, and spending will slow in 2027, Wall Street thinks

Everything you need to know before you reach the office this morning.

By Jim EdwardsOctober 7, 2026
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf
By Melissa HancockOctober 7, 2026
Saudi’s economic transformation collides with war and falling FDI 
Saudi’s economic transformation collides with war and falling FDI 
By Melissa HancockOctober 7, 2026
Today’s home equity loan and HELOC rates, Oct. 7, 2026
Today’s home equity loan and HELOC rates, Oct. 7, 2026
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
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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
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
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North America
More in North America
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
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
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Asia
More in Asia
Will AI kill the Asian entertainment industry, or reinvent it?
Will AI kill the Asian entertainment industry, or reinvent it?

Studios in China are turning to models from ByteDance and Kling to generate 100-minute short dramas for less than $3000.

By Angelica AngOctober 7, 2026
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
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Global
More in Global
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? 

The Arsenal boss talks to Fortune on the link between health, leadership, and sporting success.

By Kamal AhmedOctober 6, 2026
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
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People pointing at each other in a boardroom.
C-Suite
Companies are spending trillions on AI. The C-suite doesn’t know who is in charge of it
By Amanda GerutAugust 20, 2026
Teachers in one of San Francisco’s richest suburbs are so underpaid that a philanthropist just gave each of them $9,161
Success
Teachers in one of San Francisco’s richest suburbs are so underpaid that a philanthropist just gave each of them $9,161
By Sydney LakeAugust 20, 2026
Home equity loan and HELOC rates: Aug. 20, 2026
Personal Finance
Home equity loan and HELOC rates, August 20, 2026
By Joseph HostetlerAugust 20, 2026
‘Buyers aren’t yet opening their wallets’: AI-generated assets are flooding marketplaces, but consumers are snubbing them for human-made products
AI
‘Buyers aren’t yet opening their wallets’: AI-generated assets are flooding marketplaces, but consumers are snubbing them for human-made products
By Sasha RogelbergAugust 20, 2026
In this economy, millennials and Gen Z would rather break up than date someone in debt: ‘There’s a pretty big divide’
Personal Finance
In this economy, millennials and Gen Z would rather break up than date someone in debt: ‘There’s a pretty big divide’
By Catherina GioinoAugust 20, 2026
An An Amazon drone is in midflight as it makes a delivery in Papillion, Neb. on Thursday, July 30, 2026.
Big Tech
Amazon isn’t giving up on Jeff Bezos’ drone deliveries dream—and after 13 years of turbulence, the momentum is finally shifting
By Sebastian HerreraAugust 19, 2026
A picture of Bitcoin with a backdrop of a trading chart.
Crypto
Bitcoin posts surprise rally as currency nears $70,000 for the first time since June
By Camila Grigera NaónAugust 19, 2026
Google and the UK think changing flights paths could cut down on climate change
Environment
Google and the UK think changing flights paths could cut down on climate change
By Jennifer McDermott and The Associated PressAugust 19, 2026
Emil Michael, under secretary of defense for research and engineering nominee for US President Donald Trump.
North America
Pentagon pushes ‘zero tolerance’ audit on foreign university partnerships that ‘compromise our national security’
By The Associated Press and Heather HollingsworthAugust 19, 2026
Geopolitical risk needs to move away from the ‘after-dinner speaker’: Eurasia Group and Rio Tinto’s Dominic Barton
Asia
Geopolitical risk needs to move away from the ‘after-dinner speaker’: Eurasia Group and Rio Tinto’s Dominic Barton
By Nicholas GordonAugust 19, 2026
St. Jude Children's Medical Research Center CEO Dr. Charles Roberts stands for a portrait in the Roberts Laboratory at the Danny Thomas Research Center.
C-Suite
The new head of America’s top children’s hospital sees ‘the dawn of a new era’ for kid cancer treatment
By The Associated Press and Glenn GamboaAugust 19, 2026
Photo: President Trump
North America
Trump threatens to bomb Oman, widening the war that crippled the global economy
By Samy Magdy and The Associated PressAugust 19, 2026
Meta CEO Mark Zuckerberg leaves the Los Angeles Superior Court after testifying.
Cybersecurity
‘Harvest their data and hide the truth from the public’: Four states seek billions from Meta over child safety practices
By Barbara Ortutay, Kaitlyn Huamani and The Associated PressAugust 19, 2026
t
Economy
National debt crosses $40 trillion and think tank warns: ‘The level of fiscal mismanagement is tragic
By Eleanor PringleAugust 19, 2026
Lindsay Clancy was ‘begging for help’ and feared drug dependence in weeks before her children died, ex-mother-in-law testifies
Law
Lindsay Clancy was ‘begging for help’ and feared drug dependence in weeks before her children died, ex-mother-in-law testifies
By The Associated Press and Leah WillinghamAugust 19, 2026
A SpaceX rocket carved out a crater on the moon as long as a bowling lane with ‘butterfly wing’ streaks
Innovation
A SpaceX rocket carved out a crater on the moon as long as a bowling lane with ‘butterfly wing’ streaks
By The Associated Press and Marcia DunnAugust 19, 2026
Photo of a dog in a kennel
North America
Texas’ screwworm could be fatal for the unadopted dogs and cats in rescue shelters statewide
By The Associated Press and John HannaAugust 19, 2026
A woman inspired by Luigi Mangione to try bombing Scott Bessent gets hit with 6 years in prison
Politics
A woman inspired by Luigi Mangione to try bombing Scott Bessent gets hit with 6 years in prison
By Michael Kunzelman and The Associated PressAugust 19, 2026
78-year-old ex-Fauci adviser pleads guilty to concealing COVID-19 origin research records using private email
Law
78-year-old ex-Fauci adviser pleads guilty to concealing COVID-19 origin research records using private email
By The Associated PressAugust 19, 2026
‘I think that we’re going to make history here’: Angry parents of kids sextorted, cyberbullied or addicted to social media are out for vengeance
Big Tech
‘I think that we’re going to make history here’: Angry parents of kids sextorted, cyberbullied or addicted to social media are out for vengeance
By The Associated Press and Kaitlyn HuamaniAugust 19, 2026
A view of Golden Gate Bridge and houses during warm weather in San Francisco, California, United States.
Real Estate
The AI boom made San Francisco so crowded even ‘tech bros’ making six figures are left scrounging for homes and apartments
By Joshua HongAugust 19, 2026
Jimmy Kimmel feud with Trump escalates to ABC suing the FCC over threats to its broadcast licenses
Law
Jimmy Kimmel feud with Trump escalates to ABC suing the FCC over threats to its broadcast licenses
By Jocelyn Noveck and The Associated PressAugust 19, 2026
Photo of shoppers and Target
Retail
Fortune 500 companies got billions in tariff refunds. Here’s who’s giving customers a cut—and who isn’t
By Mia OsmonbekovAugust 19, 2026
American Airlines is finally bringing back seatback screens after nearly 10 years in a premium push to win back customers
Travel & Leisure
American Airlines is finally bringing back seatback screens after nearly 10 years in a premium push to win back customers
By Sarah GlodekAugust 19, 2026
KFC
Newsletters
How KFC and Taco Bell’s top technologist is embracing AI and automation across 63,000 restaurants
By John KellAugust 19, 2026
Moderna’s and Merck’s personalized mRNA vaccine shows real promise against deadly skin cancer melanoma in late stage trial and sends stocks soaring
Startups & Venture
Moderna’s and Merck’s personalized mRNA vaccine shows real promise against deadly skin cancer melanoma in late stage trial and sends stocks soaring
By Catherina GioinoAugust 19, 2026
a
Politics
A Democratic Socialist just defeated a central figure in Trump’s first impeachment trial in a Florida primary
By Matt Brown and The Associated PressAugust 19, 2026
Dr. Erica Schwartz testifies during a Senate Health Education Labor and Pensions committee confirmation hearing to be the director of the Centers for Disease Control and Prevention on Capitol Hill.
Health
‘Often flying blind’: Up to $246 million of taxpayer-funded CDC programs are largely unstaffed
By The Associated Press and Mike StobbeAugust 19, 2026
Cosigning a loan: The risks oftentimes overlooked
Personal Finance
Cosigning a loan: The risks oftentimes overlooked
By Joseph HostetlerAugust 19, 2026
How a DIY Adobe Illustrator design landed Rebel Creamery in a $23.8 million fight with Van Leeuwen
Retail
How a DIY Adobe Illustrator design landed Rebel Creamery in a $23.8 million fight with Van Leeuwen
By Sarah GlodekAugust 19, 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
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