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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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Saudi’s economic transformation collides with war and falling FDI 
Saudi’s economic transformation collides with war and falling FDI 

In this week’s Fortune Gulf Brief.

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
Will AI kill the Asian entertainment industry, or reinvent it?
Will AI kill the Asian entertainment industry, or reinvent it?
By Angelica AngOctober 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
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
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Global
More in Global
‘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

As global and regional liquidity tightens, a nascent Gulf secondary market is giving investors, founders, and early backers a new route to monetisation

By Melissa HancockOctober 7, 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? 

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
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One ticket, one gas station, $1 billion: Powerball’s drought ends in Illinois
North America
One ticket, one gas station, $1 billion: Powerball’s drought ends in Illinois
By The Associated PressAugust 14, 2026
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Retail
‘It’s not lights out for the economy’: U.S. retail sales drop 0.6% in July
By Anne D'Innocenzio and The Associated PressAugust 14, 2026
Photo of woman in front of ringlight
Future of Work
Arizona State launches ‘content creation’ major for influencers — within its journalism school
By Kaitlyn Huamani and The Associated PressAugust 14, 2026
White House Senior Advisor, Tesla, and SpaceX CEO Elon Musk speaks during a Town Hall event at KI Convention Center.
AI
‘It will inherit your thoughts’: Musk tells SpaceX employees they’ll be Grok’s ‘parents’ as AI trains on company data
By Joshua HongAugust 14, 2026
b
Economy
Costliest U.S. bond sale since 2001 is investor warning to Bessent
By Greg Ritchie and BloombergAugust 14, 2026
Hunt for AI-proof trades turns convenience shops into hot stocks
Investing
Hunt for AI-proof trades turns convenience shops into hot stocks
By Norah Rami and BloombergAugust 14, 2026
Photo of Alex Cooper
Arts & Entertainment
‘Call Her Daddy’ host Alex Cooper’s Unwell beverage business is shutting down
By Ashley Carman and BloombergAugust 14, 2026
Phone data: Mother on trial for killing her kids searched about psychosis, hallucinations, suicide weeks before stranglings
Health
Phone data: Mother on trial for killing her kids searched about psychosis, hallucinations, suicide weeks before stranglings
By Michael Casey and The Associated PressAugust 14, 2026
s
Personal Finance
Social Security is celebrating its 91st birthday. It won’t live to 100, watchdog warns
By Nick LichtenbergAugust 14, 2026
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Economy
Trump’s ‘Golden Age’ economy pitch fizzles with midterm voters
By Josh Wingrove, Mark Niquette, Catherine Lucey and BloombergAugust 14, 2026
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Arts & Entertainment
Selena Gomez accused of fraud by mental-health startup investors
By Sabrina Willmer, David Voreacos and BloombergAugust 14, 2026
Photo of Jared Kushner
Politics
Trump’s ‘Board of Peace’ with Jared Kushner, Tony Blair heads to Middle East to salvage Gaza peace deal
By Matthew Lee and The Associated PressAugust 14, 2026
r
Commentary
No, AI is not your employee 
By Ruba BornoAugust 14, 2026
gina-mastantuono
Commentary
ServiceNow CFO: Trillions are being spent on AI initiatives. Are companies asking these 3 key questions?
By Gina MastantuonoAugust 14, 2026
broker
Commentary
A proposed clean-energy rule could shake up corporate America—and your portfolio
By Mike FeibusAugust 14, 2026
Randall Lane probably didn’t break the law by accepting $6 million while working at Forbes, but he may still pay a price under a 140-year-old doctrine
Personal Finance
Randall Lane probably didn’t break the law by accepting $6 million while working at Forbes, but he may still pay a price under a 140-year-old doctrine
By Catherina GioinoAugust 14, 2026
Current price of Bitcoin for Aug 14, 2026
Personal Finance
Current price of Bitcoin for August 14, 2026
By Joseph HostetlerAugust 14, 2026
Current price of Ethereum for Aug. 14, 2026
Personal Finance
Current price of Ethereum for August 14, 2026
By Joseph HostetlerAugust 14, 2026
Top CD rates from major banks Aug. 14, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 14, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 14, 2026
Peter Morales with his hand on a white board
Newsletters
Code Metal lands $80 million Pentagon deal to modernize military wargaming
By Preston ForeAugust 14, 2026
Current price of oil as of Aug. 14, 2026
Personal Finance
Current price of oil as of August 14, 2026
By Joseph HostetlerAugust 14, 2026
Photo: Anthropic CEO Dario Amodei and his wife Cami Clark.
Newsletters
Anthropic’s $2 trillion problem: Its underlying business is nowhere near the IPO valuation it wants
By Jim EdwardsAugust 14, 2026
Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’ 
Europe
Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’ 
By Kamal AhmedAugust 14, 2026
v
Commentary
Philanthropy’s best-kept secret: the more you have, the less you’re required to give
By Vandana ArcotAugust 14, 2026
rp
Commentary
AI will make the biggest companies bigger and the smallest more powerful. Hotels show who gets squeezed
By Roman PedanAugust 14, 2026
g
Commentary
A value investor’s reluctant case for gold
By Vitaliy KatsenelsonAugust 14, 2026
glp
Commentary
The hidden risk of GLP-1 drugs
By Jessica Starr and Emily SteinAugust 14, 2026
A small Texas company’s bid to create a Greenland oil boom—and a Dr. Phil documentary—is delayed but undaunted
Energy
A small Texas company’s bid to create a Greenland oil boom—and a Dr. Phil documentary—is delayed but undaunted
By Jordan BlumAugust 14, 2026
Photo: Dario Amodei
Innovation
Anthropic needs to bring in Amazon-style earnings to justify its $2 trillion valuation—but it’s barely turned a profit
By Amanda GerutAugust 14, 2026
Home equity loan and HELOC rates: Aug. 14, 2026
Personal Finance
Home equity loan and HELOC rates, August 14, 2026
By Joseph HostetlerAugust 14, 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 victimsplaceholder alt text
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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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