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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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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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News
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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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BANDAR ABBAS, IRAN - A person wades in the water as ships are seen anchored in the Strait of Hormuz on Aug. 10, 2026 off the coast of Bandar Abbas, Iran. In a recent statement, Iran's Supreme National Security Council said the vital waterway would not reopen until the United States corrects its behavior, demanding that the U.S. end its war on Iran and compensate the country for war damage, among other conditions. Iran has largely halted vessel traffic through the strait with the threat of strikes; meanwhile, the U.S. has imposed a blockade on Iranian ports.
Energy
The Iran war may kill the ‘freedom of seas’ worldwide and everyone would pay the price
By Jordan BlumAugust 18, 2026
Photo of Roy and Nola Thompson
Success
Married 69 years, this philanthropic couple died 8 days apart—after giving away more than $20 million from a hotel-and-property fortune
By Sydney LakeAugust 18, 2026
Photo of Palmer Luckey
Success
A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he’s a billionaire who says the American Dream isn’t dead
By Orianna Rosa RoyleAugust 18, 2026
Home equity loan and HELOC rates: Aug. 18, 2026
Personal Finance
Home equity loan and HELOC rates, August 18, 2026
By Joseph HostetlerAugust 18, 2026
Photo of Chris Larsen
Politics
California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth
By Marco Quiroz-GutierrezAugust 18, 2026
Alibaba’s $2 billion gaming exit signals where Beijing wants its money
Big Tech
Alibaba’s $2 billion gaming exit signals where Beijing wants its money
By Mia OsmonbekovAugust 18, 2026
AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems
Asia
AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems
By Angelica AngAugust 18, 2026
Ousted L3Harris CEO Chris Kubasik forfeits $45 million—but he’ll still walk away with $80 million in stock and options
C-Suite
Ousted L3Harris CEO Chris Kubasik forfeits $45 million—but he’ll still walk away with $80 million in stock and options
By Amanda GerutAugust 17, 2026
New Mexico’s attorney general reportedly pushes new social media safety laws a day before 29 AGs testify against Meta in federal trial
Law
New Mexico’s attorney general reportedly pushes new social media safety laws a day before 29 AGs testify against Meta in federal trial
By Catherina GioinoAugust 17, 2026
57 Trump officials are worth $100 million or more—quadruple the combined total of the last three presidents
Politics
57 Trump officials are worth $100 million or more—quadruple the combined total of the last three presidents
By The Associated Press and Thomas BeaumontAugust 17, 2026
Check your fridge: Nearly 19 million eggs are under the FDA’s most serious recall classification
North America
Check your fridge: Nearly 19 million eggs are under the FDA’s most serious recall classification
By Tatiana SatauaAugust 17, 2026
U.S. businessman Mark Cuban
Economy
‘Only idiot startup founders stay in Cali’: Mark Cuban rips billionaire tax—and opens a rift inside the Democratic Party
By Joshua HongAugust 17, 2026
Burger King is closing the gap in the burger wars with a simple formula: Better food and a star executive who takes customers’ calls himself
Retail
Burger King is closing the gap in the burger wars with a simple formula: Better food and a star executive who takes customers’ calls himself
By Sarah GlodekAugust 17, 2026
Photo of Chris Wright speaking at a podium
Energy
U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil
By Sasha RogelbergAugust 17, 2026
Bald man gesturing while talking
Big Tech
Andreessen Horowitz focus of DOJ probe over board directors
By Josh Sisco, Natasha Mascarenhas and BloombergAugust 17, 2026
Photo of Jamie Dimon
Banking
The ‘Jamie premium’ nears $1 trillion as JP Morgan flirts with historic market valuation
By Mia OsmonbekovAugust 17, 2026
Trump pivoted from bombs to an economic war against Iran. But Tehran is now ‘fully offensive’ and doesn’t think the real fighting has even started yet
Middle East
Trump pivoted from bombs to an economic war against Iran. But Tehran is now ‘fully offensive’ and doesn’t think the real fighting has even started yet
By Jason MaAugust 17, 2026
Entrepreneur James Dacombe
Success
Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europe
By Emma BurleighAugust 17, 2026
Roland Busch
Success
Like Nvidia’s Jensen Huang, Siemens’ CEO has no recurring meetings with direct reports to save time—he also replies to emails with just ‘OK’ or ‘No’
By Preston ForeAugust 17, 2026
China, the EU, and Singapore are pushing back against the White House’s new ‘Great Transshipment Scam’ report
Asia
China, the EU, and Singapore are pushing back against the White House’s new ‘Great Transshipment Scam’ report
By Angelica AngAugust 17, 2026
Unitree vs. Shein: How August’s big China IPOs show how AI hype is leaving e-commerce giants behind
Asia
Unitree vs. Shein: How August’s big China IPOs show how AI hype is leaving e-commerce giants behind
By Nicholas GordonAugust 17, 2026
Walmart, Target and Home Depot set to give Wall Street a peek at the American consumer, one week after stocks’ all-time high
Retail
Walmart, Target and Home Depot set to give Wall Street a peek at the American consumer, one week after stocks’ all-time high
By Elaine Kurtenbach, Michelle Chapman and The Associated PressAugust 17, 2026
Canadian auto billionaire’s fortune doubles even with US tariffs
North America
Canadian auto billionaire’s fortune doubles even with US tariffs
By Ari Altstedter and BloombergAugust 17, 2026
Photo of Union Pacific frreight
North America
The great modern train robbery: Thieves steal $200 million a year
By Bloomberg and Kiel PorterAugust 17, 2026
Photo of Trump and American flags
Energy
Trump’s Venezuela fixer is promoting ‘America First’ oil deals
By Fabiola Zerpa, Ezra Fieser, Patricia Garip, Ben Bartenstein and BloombergAugust 17, 2026
j
Health
The inspiring survival of Jimothy, the hunchbacked raccoon who conquered Seattle
By Kelly Lambert and The ConversationAugust 17, 2026
work
Success
Walmart and McDonald’s aren’t the SNAP kings anymore — Uber, Lyft and DoorDash lead in workers on food stamps 
By Jacob Lederman and The ConversationAugust 17, 2026
h
Arts & Entertainment
Hayden Panettiere, child actor turned adult star of ‘Heroes’ and ‘Nashville,’ dies at 36
By The Associated PressAugust 17, 2026
z
Big Tech
Meta heads to child safety trial facing financial damages as large as $1.4 trillion
By Barbara Ortutay and The Associated PressAugust 17, 2026
j
Asia
Japan’s economy notches 1.1% growth rate as spending dips 1.2% and PM sinks in polling
By Yuri Kageyama and The Associated PressAugust 17, 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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