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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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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
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? 
By Kamal AhmedOctober 6, 2026
Photo of Donald Trump in Dublin
OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’
By Emily ForliniOctober 6, 2026
How does debt relief work? Costs, risks, and what to expect
How does debt relief work? Costs, risks, and what to expect
By Glen Luke FlanaganOctober 6, 2026
ads
Researchers tracked $80 million in political ads using AI—and Republicans were behind 83% of them
By Travis N. Ridout, Erika Franklin Fowler, Michael Franz and The ConversationOctober 6, 2026
Futurist Amy Webb speaking at the Fortune AIQ Summit.
Finding value from AI in big companies comes down to people, not technology
By Jeremy KahnOctober 6, 2026
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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
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
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
More in News
North America
More in North America
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

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
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
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
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‘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
‘It’s been a very strange year on LIV’: LIV Golf to get $300 million investment to help the circuit emerge from bankruptcy

The financing by funds advised on the BC Partners Credit platform requires bankruptcy court approval.

By Doug Ferguson and The Associated PressOctober 6, 2026
Gen Z’s new American Dream: Skip the mortgage, book the flight

Young Americans are trading square footage, new cars, and even moving out for plane tickets, even as airfares jump more than 20%.

By Bilin LinOctober 6, 2026
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
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A walker protects themselves from the sun on the scorched grass of Hyde Park, in central London.
Environment
‘Chronic’ heat risk in Europe draws warning from Swiss Re
By Bloomberg and Gautam NaikAugust 11, 2026
Nvidia taps Wall Street for $500 billion funding commitment
AI
Nvidia taps Wall Street for $500 billion funding commitment
By Bloomberg, Silla Brush, Ian King and Todd GillespieAugust 11, 2026
‘Hear it here first’: Trump’s media company doubles down on the president and Truth Social
Politics
‘Hear it here first’: Trump’s media company doubles down on the president and Truth Social
By Bernard Condon and The Associated PressAugust 11, 2026
Photo of Trump with USA cap on next to Air Force One
Politics
Trump demands Iran pay for decades of U.S. deaths in rebuke of Tehran’s request for reparations
By The Associated PressAugust 11, 2026
Photo of New York Stock Exchange
Energy
Oil prices reverse gains in Strait of Hormuz standoff as Wall Street inches up ahead of inflation numbers
By The Associated Press, Elaine Kurtenbach and Matt OttAugust 11, 2026
Vietnam aerospace company to send satellites aboard Elon Musk’s SpaceX rideshare mission
Asia
Vietnam aerospace company to send satellites aboard Elon Musk’s SpaceX rideshare mission
By Aniruddha Ghosal and The Associated PressAugust 11, 2026
Photo of Yemeni navy sailor patrolling
Politics
Houthi attacks in Yemen threaten new shipping crisis in Red Sea as Iran digs in on Hormuz demands
By The Associated PressAugust 11, 2026
Photo of Trump outside the plane
North America
Trump secretly swapped planes from Air Force One to small jet via a catering truck to dodge Iran assassination threat
By The Associated PressAugust 11, 2026
Antonin Parrot (left) and Oscar Levy (right) are seen smiling against an orange wall.
Startups & Venture
Exclusive: River Markets announces $8.5 million seed round to build prediction market trading tools for institutions
By Camila Grigera NaónAugust 11, 2026
Portrait of Jeff DiLullo, Chief Region Leader of Philips North America
Workplace Culture
The AI dividend in healthcare is real. Now the focus is extending its impact
By Jeff DiLulloAugust 11, 2026
Sarah Friar, CFO of OpenAI
AI
OpenAI’s CFO insists AI won’t replace judgment
By Sheryl EstradaAugust 11, 2026
U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender
Economy
U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender
By Eleanor PringleAugust 11, 2026
Top CD rates from major banks Aug. 11, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on August 11, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerAugust 11, 2026
Current price of Bitcoin for Aug. 11, 2026
Personal Finance
Current price of Bitcoin for August. 11, 2026
By Joseph HostetlerAugust 11, 2026
Current price of Ethereum for Aug. 11, 2026
Personal Finance
Current price of Ethereum for August 11, 2026
By Joseph HostetlerAugust 11, 2026
Current price of oil as of Aug. 11, 2026
Personal Finance
Current price of oil as of August 11, 2026
By Joseph HostetlerAugust 11, 2026
Zach Dell is the co-founder and CEO of Base Power.
Newsletters
Zach Dell aims to build a name for himself with Base Power
By Jordan BlumAugust 11, 2026
Photo: Apple CEO John Ternus.
Newsletters
Apple stock sinks as hopes that new CEO John Ternus will launch a high-end, ‘all-glass’ iPhone are shattered
By Jim EdwardsAugust 11, 2026
What is it like running a Fortune 500 business? We asked the people at HP to tell us
Europe
What is it like running a Fortune 500 business? We asked the people at HP to tell us
By Francesca Cassidy and Aslesha MehtaAugust 11, 2026
jackie
Environment
Jackie the Bald Eagle, social media star of California for a decade, leaves ‘heartbroken’ fans behind with her death
By The Associated PressAugust 11, 2026
f
Politics
Meet the 37-year-old single mother and former line cook rattling Democratic moderates in Wisconsin
By Scott Bauer and The Associated PressAugust 11, 2026
wine
Environment
Italy’s ‘perfectly healthy’ wine grapes go unpicked in the afternoons because it’s just too hot this year
By Colleen Barry and The Associated PressAugust 11, 2026
mz
AI
Mark Zuckerberg writes 6,500-word essay calling concentration the biggest AI risk, days after his model hacked another company
By Kelvin Chan, Barbara Ortutay and The Associated PressAugust 11, 2026
r
Health
FDA’s new additive list isn’t a ban — and won’t be checked
By Matthew Perrone and The Associated PressAugust 11, 2026
Arianna Huffington says even high-flying CEOs are unhappy and feel stuck in their multimillion-dollar jobs: ‘It’s a trap’
Success
Arianna Huffington says even high-flying CEOs are unhappy and feel stuck in their multimillion-dollar jobs: ‘It’s a trap’
By Orianna Rosa RoyleAugust 11, 2026
Today’s home equity loan and HELOC rates, Aug. 11, 2026
Personal Finance
Home equity loan and HELOC rates, August 11, 2026
By Joseph HostetlerAugust 11, 2026
boomer
Commentary
CareScout CEO: the hidden economic cost of an aging baby Boomer generation
By Samir ShahAugust 11, 2026
A man holds a large white bag of feed with a herd of cows standing behind him.
Economy
Record beef prices are minting fortunes for ranchers—but straining the American farmers who fatten their cattle
By Sasha RogelbergAugust 11, 2026
Aerial shot of data centers in North Dakota
Investing
AI’s biggest build-out is here. These stocks offer a way to invest in the data center boom
By Camila Grigera NaónAugust 11, 2026
Wheels of Parmigiano Reggiano cheese on shelves
Environment
Italy’s $4.7 billion cheese economy is feeling the heat as climate change threatens its cheese banks that hold Parmigiano wheels as loan collateral
By Catherina GioinoAugust 10, 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
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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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Current price of oil as of October 6, 2026placeholder alt text
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