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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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Today’s home equity loan and HELOC rates, Oct. 7, 2026
Today’s home equity loan and HELOC rates, Oct. 7, 2026

By staying on top of home equity loan and HELOC interest rates, you’ll recognize when it’s a good time to apply for these comparatively cheap borrowing options.

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
Gold bars
Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties
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
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Photo of Donald Trump in Dublin
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
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
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
More in Asia
Global
More in Global
How does debt relief work? Costs, risks, and what to expect
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
‘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
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Trump is betting that the U.S. naval blockade choking Iran’s economy can achieve what bombs and missiles couldn’t as more oil sneaks out of the Gulf
Middle East
Trump is betting that the U.S. naval blockade choking Iran’s economy can achieve what bombs and missiles couldn’t as more oil sneaks out of the Gulf
By Jason MaAugust 9, 2026
‘Millennials are not punk kids anymore’ — Ocasio-Cortez sees a ‘generational tidal wave’ driven by anger over economic futures sidelined by boomers
Politics
‘Millennials are not punk kids anymore’ — Ocasio-Cortez sees a ‘generational tidal wave’ driven by anger over economic futures sidelined by boomers
By Jason MaAugust 9, 2026
Europe’s hot stock markets are creating a buzz among investors
Investing
Europe’s hot stock markets are creating a buzz among investors
By Sagarika Jaisinghani and BloombergAugust 9, 2026
Netanyahu rejects Hamas disarmament proposal touted by Trump
Politics
Netanyahu rejects Hamas disarmament proposal touted by Trump
By Dan Williams, Fares Akram and BloombergAugust 9, 2026
Senate candidate Abdul El-Sayed says he got advice from Barack Obama and had a ‘really warm and inspiring’ conversation
Politics
Senate candidate Abdul El-Sayed says he got advice from Barack Obama and had a ‘really warm and inspiring’ conversation
By Will Weissert and The Associated PressAugust 9, 2026
Mysterious drone flights continue plaguing Europe after an explosive-laden drone was found at a German airport used to support Ukraine
Politics
Mysterious drone flights continue plaguing Europe after an explosive-laden drone was found at a German airport used to support Ukraine
By Stefanie Dazio and The Associated PressAugust 9, 2026
Iran-backed Houthi rebels attack crucial Red Sea port and Saudi Aramco refinery as fighting escalates
Energy
Iran-backed Houthi rebels attack crucial Red Sea port and Saudi Aramco refinery as fighting escalates
By The Associated PressAugust 9, 2026
Eastern Mediterranean Sea is fast becoming an alternative energy source for Europe amid wars in Ukraine and Mideast, Cyprus says
Energy
Eastern Mediterranean Sea is fast becoming an alternative energy source for Europe amid wars in Ukraine and Mideast, Cyprus says
By Menelaos Hadjicostis and The Associated PressAugust 9, 2026
Pentagon tells defense execs to submit plans in 3 weeks to boost weapons production dramatically. ‘Years-long development cycles are not acceptable’
Economy
Pentagon tells defense execs to submit plans in 3 weeks to boost weapons production dramatically. ‘Years-long development cycles are not acceptable’
By The Associated PressAugust 9, 2026
Corcoran Group CEO says Gen Z’s housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,’ she advises
Success
Corcoran Group CEO says Gen Z’s housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,’ she advises
By Orianna Rosa RoyleAugust 9, 2026
Andrew Feldman, Co-Founder and CEO, Cerebras Systems
Success
CEO of $49 billion AI company says it’s ‘mind-boggling’ people think you can work 38 hours a week, have work-life balance, and be successful
By Emma BurleighAugust 9, 2026
Why every company wants an AI model router right now 
AI
Why every company wants an AI model router right now 
By Sharon GoldmanAugust 9, 2026
ireland
Success
‘Your back’s against the wall’: How two Gen-Z founders bet everything on a Brooklyn laundromat
By Tatiana SatauaAugust 9, 2026
s
Commentary
AI’s new millionaires want to disrupt philanthropy. They should fund what already exists
By Max Simkoff and Lisa Countryman-QuirozAugust 9, 2026
be
Commentary
Your best employees may be hiding your worst problems
By Brian EasonAugust 9, 2026
Fortune Archives: Geoff Colvin’s lasting legacy at Fortune
Newsletters
Fortune Archives: Geoff Colvin’s lasting legacy at Fortune
By Indrani SenAugust 9, 2026
Teen asking for job at store
Success
Teenagers are shooting out over 50 applications and getting ghosted even for volunteer jobs: ‘I’ll take anything at this point’
By Emma BurleighAugust 9, 2026
hicks
Commentary
Davidson College President: Is college worth it? Take a look at a new answer
By Douglas A. HicksAugust 9, 2026
A Gen Z worker got called out by their CEO for leaving 10 minutes early. Workplace experts debate who was in the wrong
Workplace Culture
A Gen Z worker got called out by their CEO for leaving 10 minutes early. Workplace experts debate who was in the wrong
By Sydney LakeAugust 9, 2026
A Kalshi advertisement on a Metro train in Washington, DC, US.
Economy
Kalshi cracks down on insider trading as Trump family looks to increase prediction market presence
By Joshua HongAugust 9, 2026
We’re not dancing like no one is watching anymore. Actually, we’re just not dancing—or talking, walking, or interacting anymore
Success
We’re not dancing like no one is watching anymore. Actually, we’re just not dancing—or talking, walking, or interacting anymore
By Catherina GioinoAugust 9, 2026
This nuclear startup and Halliburton repurposed oil-drilling tech in a bid to solve America’s radioactive waste problem
Energy
This nuclear startup and Halliburton repurposed oil-drilling tech in a bid to solve America’s radioactive waste problem
By Jordan BlumAugust 9, 2026
chen
Commentary
James Chen: What makes a good billionaire?
By James ChenAugust 9, 2026
Drivers of Mercedes AMG cars file a class action lawsuit, claiming the front-seat logo gets so hot that it literally brands them and causes burns
Law
Drivers of Mercedes AMG cars file a class action lawsuit, claiming the front-seat logo gets so hot that it literally brands them and causes burns
By Anne D'Innocenzio and The Associated PressAugust 8, 2026
Mother and son sitting together and having a discussion
Personal Finance
Great disappointment will follow the Great Wealth Transfer as baby boomers pass on just a fraction of their fortune to millennials and Gen Xers
By Jason MaAugust 8, 2026
Iran issues long list of steep demands the U.S. must satisfy before the Strait of Hormuz will be reopened, including total compensation for war damage
Politics
Iran issues long list of steep demands the U.S. must satisfy before the Strait of Hormuz will be reopened, including total compensation for war damage
By The Associated PressAugust 8, 2026
Iranian officials are worried the U.S. blockade will cause an economic collapse and admit sanctions relief is desperately needed
Middle East
Iranian officials are worried the U.S. blockade will cause an economic collapse and admit sanctions relief is desperately needed
By Jason MaAugust 8, 2026
With broad bipartisan support, Congress is about to give Trump ‘unchecked authority’ to impose new tariffs of up to 100% on top trading partners
Economy
With broad bipartisan support, Congress is about to give Trump ‘unchecked authority’ to impose new tariffs of up to 100% on top trading partners
By Jason MaAugust 8, 2026
c
Law
Meet a 43-year-old woman who had a hysterectomy and thought she had cancer because of a hospital lab mixup
By Kim Chandler, Emilie Megnien and The Associated PressAugust 8, 2026
a
Personal Finance
20% of Americans are already using AI for financial advice — another 70% don’t trust it
By Adriana Morga and The Associated PressAugust 8, 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
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
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Current price of oil as of October 6, 2026placeholder alt text
By Joseph HostetlerOctober 6, 2026
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