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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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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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Alibaba AI models hit 3 billion downloads, passing Meta, Google
AI
Alibaba AI models hit 3 billion downloads, passing Meta, Google
By Saritha Rai and BloombergAugust 15, 2026
Scott Bessent fired a currency bazooka, but global finance still looks like a ‘giant Jenga tower’ propped up by a Japanese yen that’s in deep trouble
Economy
Scott Bessent fired a currency bazooka, but global finance still looks like a ‘giant Jenga tower’ propped up by a Japanese yen that’s in deep trouble
By Jason MaAugust 15, 2026
Trump administration tells Supreme Court that ballroom construction must go on despite order to stop, citing recent missile threat on Air Force One
Law
Trump administration tells Supreme Court that ballroom construction must go on despite order to stop, citing recent missile threat on Air Force One
By Michael Kunzelman, Lindsay Whitehurst and The Associated PressAugust 15, 2026
‘I’ll never apologize’ — Trump brushes off Iran war’s impact on oil prices and calls aircraft carrier’s 240+ days at sea ‘not nearly long enough’
Politics
‘I’ll never apologize’ — Trump brushes off Iran war’s impact on oil prices and calls aircraft carrier’s 240+ days at sea ‘not nearly long enough’
By Konstantin Toropin, Aamer Madhani and The Associated PressAugust 15, 2026
Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says
Economy
Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says
By Jason MaAugust 15, 2026
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it
Middle East
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it
By Jason MaAugust 15, 2026
What Bessent’s economic isolation of Iran could look like
Energy
What Bessent’s economic isolation of Iran could look like
By Magdalena Del Valle and BloombergAugust 15, 2026
Iran, Oman home in on Hormuz Strait deal as ship attacks mount
Energy
Iran, Oman home in on Hormuz Strait deal as ship attacks mount
By Arsalan Shahla, Sara Gharaibeh, Catherine Lucey and BloombergAugust 15, 2026
Berkshire pads Delta, Alphabet stakes as Abel taps cash pile
Investing
Berkshire pads Delta, Alphabet stakes as Abel taps cash pile
By Alexandre Rajbhandari and BloombergAugust 15, 2026
Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares
Big Tech
Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares
By Lynn Doan and BloombergAugust 15, 2026
Jane Street lost $15 billion in its first down month in a decade
Investing
Jane Street lost $15 billion in its first down month in a decade
By Katherine Doherty, Sridhar Natarajan, Laura Benitez and BloombergAugust 15, 2026
Anthropic revenue surges to over $11.5 billion in second quarter
AI
Anthropic revenue surges to over $11.5 billion in second quarter
By Bailey Lipschultz, Rachel Metz and BloombergAugust 15, 2026
Nasdaq IPO for SpaceX
Investing
Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims
By Amanda GerutAugust 15, 2026
Trump embraces a political strategy of being in charge of everything but responsible for nothing when things go badly
Politics
Trump embraces a political strategy of being in charge of everything but responsible for nothing when things go badly
By Will Weissert and The Associated PressAugust 15, 2026
Trump pulls last aircraft carrier in Asia to send to Mideast, and China ‘is quite happy with U.S. distraction’ as Beijing shows signs of aggression
Asia
Trump pulls last aircraft carrier in Asia to send to Mideast, and China ‘is quite happy with U.S. distraction’ as Beijing shows signs of aggression
By Ben Finley, Didi Tang and The Associated PressAugust 15, 2026
$38 billion Twilio CEO wakes at 4:30 a.m., works Sundays, and runs laps around his house between meetings to blow off steam
Success
$38 billion Twilio CEO wakes at 4:30 a.m., works Sundays, and runs laps around his house between meetings to blow off steam
By Orianna Rosa RoyleAugust 15, 2026
Brian Niccol sits on a chair onstage in front of a blue and purple background.
Economy
Starbucks CEO says the coffee chain won’t lose its cash-strapped consumers because it’s on its way to being a ‘world-class customer service’ company
By Sasha RogelbergAugust 15, 2026
Photo of Phoebe Gates
Startups & Venture
‘I have a chip on my shoulder.’ Phoebe Gates wants her $185 million AI startup Phia to succeed with ‘no ties to my privilege or my last name’
By Sydney LakeAugust 15, 2026
Dario Amodei
Commentary
AI is creating a new wave of philanthropists. The system they’re walking into is broken
By Nick Allardice and David GoldbergAugust 15, 2026
Adin Ross looks slightly upward.
Success
The ‘manosphere’ is actually a multibillion-dollar industry that sells courses and supplements to insecure Gen Z men, report finds
By Sasha RogelbergAugust 15, 2026
hospitals
Commentary
Before employers shift more healthcare costs to workers, they should ask hospitals a question
By Eugene LitvakAugust 15, 2026
da
AI
Nobel laureate Daron Acemoglu says AI and liberal democracy share the same crisis: ‘there is a tendency to escalate everything’
By Nick LichtenbergAugust 15, 2026
MareNostrum Ona quantum computer inside the Barcelona Supercomputing Center facilities, in Plaza Eusebi Guell, on 28 May, 2026 in Barcelona, Catalonia, Spain.
Crypto
‘The great quantum migration’ is coming as more than $2 trillion in digital assets is at risk—nearly the entire value of the overall crypto market
By Joshua HongAugust 15, 2026
a
Commentary
McKinsey senior partners: America’s growth strategy demands a health reset
By Pooja Kumar and Eric KutcherAugust 15, 2026
sm
Commentary
AI isn’t changing how companies work. It’s changing what a company is
By Stephen MesserAugust 15, 2026
Some gamblers are buying losing lottery tickets on eBay as a way to offset taxes on their gambling wins
Personal Finance
Some gamblers are buying losing lottery tickets on eBay as a way to offset taxes on their gambling wins
By Catherina GioinoAugust 15, 2026
‘You’re always right with wine’: Meet the woman behind 1 in every 4 bottles of Oregon wine sold in America.
MPW
‘You’re always right with wine’: Meet the woman behind 1 in every 4 bottles of Oregon wine sold in America.
By Tatiana SatauaAugust 15, 2026
Liability vs. full coverage insurance: What’s the difference?
Personal Finance
Liability vs. full coverage insurance: What’s the difference?
By Joseph HostetlerAugust 14, 2026
Actual cash value vs. replacement cost: What’s the difference?
Personal Finance
Actual cash value vs. replacement cost: What’s the difference?
By Joseph HostetlerAugust 14, 2026
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., wears a pair of Meta Ray-Ban Display AI glasses during the Meta Connect event.
Cybersecurity
People are going to extreme lengths to stop themselves from being filmed through Meta’s ‘pervert glasses’
By Joshua HongAugust 14, 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
By Sydney LakeOctober 6, 2026
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