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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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Photo: President Trump.
Law
Trump’s lawyers in BBC lawsuit open the door to exposing all of his financial records — and scramble to close it
By Jocelyn Noveck and The Associated PressAugust 8, 2026
m
Politics
Southern Europe’s anti-immigrant attitude on display as Spain, Italy start checking each other’s passports
By The Associated PressAugust 8, 2026
el-sayed
Politics
Michigan Democrats try to convince voters they don’t hate each other after vicious, photo-finish primary
By Jacqueline Ganun and The Associated PressAugust 8, 2026
t
North America
The U.S. archivist Trump fired last year got Obama, Bush and Clinton to write about giving up power
By Calvin Woodward and The Associated PressAugust 8, 2026
scalia
Environment
Waiting 26 years ‘for this shoe to drop’: Musk’s AI company joins the fight to strip citizens of their power to sue
By Michael Phillis and The Associated PressAugust 8, 2026
h
North America
This 17-year-old grew up in ‘survival mode,’ then saw her college enrollment evaporate. ‘I’m definitely not really over that’
By Matt Brown, Terry Tang, Corey Williams and The Associated PressAugust 8, 2026
Largest U.S. reservoir plummets to lowest level since it was filled some 90 years ago as water crisis deepens for western states
Environment
Largest U.S. reservoir plummets to lowest level since it was filled some 90 years ago as water crisis deepens for western states
By Ty O'Neil, Dorany Pineda and The Associated PressAugust 8, 2026
Appeals court blocks Trump’s White House ballroom for now, saying it’s up to Congress and ‘not a matter for Executive self-help’
Law
Appeals court blocks Trump’s White House ballroom for now, saying it’s up to Congress and ‘not a matter for Executive self-help’
By Darlene Superville, Michael Kunzelman and The Associated PressAugust 8, 2026
Samuel Alito defends his court decisions. ‘If that means a high correlation with what Trump wants, fine. If it means zero correlation…fine as well’
Law
Samuel Alito defends his court decisions. ‘If that means a high correlation with what Trump wants, fine. If it means zero correlation…fine as well’
By The Associated PressAugust 8, 2026
Trump was reelected off a big boost from bro-podcasters — there still aren’t rules about influencers getting campaign cash
Politics
Trump was reelected off a big boost from bro-podcasters — there still aren’t rules about influencers getting campaign cash
By Sophie Austin and The Associated PressAugust 8, 2026
GOP senators look to pass Trump’s voting bill as part of a budget package that funds the Iran war and Pentagon after recess
Politics
GOP senators look to pass Trump’s voting bill as part of a budget package that funds the Iran war and Pentagon after recess
By Lisa Mascaro and The Associated PressAugust 8, 2026
Senate confirms Todd Blanche as attorney general by narrowest of margins in the middle of the night
Politics
Senate confirms Todd Blanche as attorney general by narrowest of margins in the middle of the night
By Alanna Durkin Richer, Lisa Mascaro and The Associated PressAugust 8, 2026
Berkshire Hathaway finally spends massive cash pile, buying $10 billion in Alphabet stock and repurchasing $4.5 billion in shares
Investing
Berkshire Hathaway finally spends massive cash pile, buying $10 billion in Alphabet stock and repurchasing $4.5 billion in shares
By Josh Funk and The Associated PressAugust 8, 2026
Engineers wear helmets and high-visibility vests while inspecting an aircraft
Success
This ‘hidden’ career path is in dire need of more workers—and it can pay Gen Z over $300,000 with no degree required
By Preston ForeAugust 8, 2026
Mark Carney gestures with his hand as he stands next to Donald Trump in front of a white background.
North America
It’s not just Canadian tourists snubbing U.S. cities. Business leaders are cancelling more trips to America as geopolitical tensions continue
By Sasha RogelbergAugust 8, 2026
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
Real Estate
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges a surprise winner
By Sydney LakeAugust 8, 2026
Digital illustration of robot's hand holding and supporting man who is working on his desk using computer, represent themes of artificial intelligence (AI), the future of work, and the intersection of humanity and technology.
AI
AI is changing work faster than the data can keep up
By Sebastian HerreraAugust 8, 2026
f
Commentary
AI labs shouldn’t be allowed to grade their own homework
By Andrew Freedman and Gillian HadfieldAugust 8, 2026
Photo of Bill Ackman
Success
Bill Ackman’s $35 billion hedge fund has under 50 employees and all of them—from janitors to receptionists—own millions in company stock
By Preston ForeAugust 8, 2026
Photo of Scott Bessent with Donald Trump
Economy
How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall
By Eva RoytburgAugust 8, 2026
ted
Commentary
Ted Leonsis: the unmatched American advantage is adaptation
By Ted LeonsisAugust 8, 2026
liss
Real Estate
Meet the 33-year-old CEO betting on boomers chasing their grandkids—and millennials selling their first house
By Nick LichtenbergAugust 8, 2026
adam
Commentary
Vanguard Chief Economist: AI and jobs, still in an ATM phase
By Adam SchicklingAugust 8, 2026
a
Commentary
GrayMatter Robotics CEO: The FCC was right to ban Chinese robots. But protection alone won’t win the robotics race
By Ariyan KabirAugust 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040—and your kids will think it’s ‘mad stuff’ professionals once did
Success
CEO of the world’s largest workspace provider says commuting will be extinct by 2040—and your kids will think it’s ‘mad stuff’ professionals once did
By Orianna Rosa RoyleAugust 8, 2026
Chevron employees examine a new GE Vernova gas turbine.
Energy
How Chevron became the AI darling of Big Oil
By Jordan BlumAugust 8, 2026
Trump tries again to fire Fed governor Lisa Cook after narrow Supreme Court decision, renewing battle over central bank independence
Politics
Trump tries again to fire Fed governor Lisa Cook after narrow Supreme Court decision, renewing battle over central bank independence
By Eric Tucker, Paul Wiseman and The Associated PressAugust 7, 2026
Meet the 82-year-old Kentucky grandma who turned down $26 million to turn her farm into a data center: ‘I don’t need your money’
Success
Meet the 82-year-old Kentucky grandma who turned down $26 million to turn her farm into a data center: ‘I don’t need your money’
By Catherina GioinoAugust 7, 2026
Venezuelan influencer Leonel Moreno (C) - aka "Leito oficial"- deported from the United States is escorted on arrival at Simon Bolivar International Airport in Maiquetia, Venezuela on March 28, 2025.
Economy
The deportation economy is backfiring on American workers, top economist warns
By Eva RoytburgAugust 7, 2026
ackman
C-Suite
Bill Ackman agrees with Jeff Bezos: Being a great CEO can do more for the world than philanthropy
By Nick LichtenbergAugust 7, 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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