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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
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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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Praveen Neppalli Naga sits in a white chair in front of a blue background onstage.
AI
After blowing through its entire 2026 AI budget in months, Uber CTO says, ‘We’re coming to the end of the so-called tokenmaxxing era’
By Sasha RogelbergAugust 7, 2026
How Whatnot’s founders turned 100 investor rejections into an $20 billion live-shopping rocket ship
Retail
How Whatnot’s founders turned 100 investor rejections into an $20 billion live-shopping rocket ship
By Sarah GlodekAugust 7, 2026
China’s export engine is cooling—but high-tech demand isn’t.
Economy
China’s export engine is cooling—but high-tech demand isn’t.
By Elaine Kurtenbach and The Associated PressAugust 7, 2026
People look at a Google Earth map of Paris,France on a screen as Google Earth.
Cybersecurity
Google quietly discontinues its Earth AI feature a day after its rollout after users made no-no images
By Joshua HongAugust 7, 2026
Fitia App Review 2026: Is This Calorie Tracker Worth Using?
Health
Fitia App Review 2026: Is This Calorie Tracker Worth Using?
By Christina SnyderAugust 7, 2026
A view of commercial cargo vessels and crude oil tankers are anchored in the Gulf of Oman, off the coast of Muscat, Oman
Energy
Iran says agreement on Hormuz shipping reached with Oman
By Bloomberg and Eltaf NajafizadaAugust 7, 2026
Nutrisystem Review 2026
Health
Nutrisystem Review 2026
By Emily PharesAugust 7, 2026
The Hugging Face hack is now a PR crisis that’s costing OpenAI millions
Cybersecurity
The Hugging Face hack is now a PR crisis that’s costing OpenAI millions
By Emily ForliniAugust 7, 2026
Michal Strnad, chairman of CSG NV, during the company's listing ceremony at Euronext Amsterdam in Amsterdam.
Investing
Czech billionaires play outsized role in European M&A market
By Bloomberg, Michal Kubala and Peter LacaAugust 7, 2026
Fortune 500 Power Moves: Which executives gained and lost power this week Aug. 1–7, 2026
C-Suite
Fortune 500 Power Moves: Which executives gained and lost power this week Aug. 1–7, 2026
By Fortune EditorsAugust 7, 2026
Photo of Mamdani
Politics
Mamdani wants to form business panel with ex-Lazard, UBS bankers
By Bloomberg, Nacha Cattan and Amanda GordonAugust 7, 2026
A woman picks vegetables at the Krakow City Farm.
Environment
From milk to snack foods, more products are going ‘regenerative’
By Bloomberg and Emma CourtAugust 7, 2026
Photo of Trump and Takaichi shaking hands
Economy
Yen jumps after U.S. data as traders watch for intervention clues
By Bloomberg, Mia Glass and Naomi TajitsuAugust 7, 2026
Trump’s $400 million White House ballroom hits another legal roadblock
Law
Trump’s $400 million White House ballroom hits another legal roadblock
By Michael Kunzelman, Bill Barrow and The Associated PressAugust 7, 2026
A young man holding a cup of coffee in a kitchen shows his phone to an older man, who is also holding a mug.
Economy
Boomers and Gen Xers scramble our assumptions about economic misery — they’re way unhappier than millennials and Gen Z
By Sasha RogelbergAugust 7, 2026
A customer tries out a newly-released Samsung Galaxy Z Fold8 smartphone at a Samsung store.
Innovation
Samsung pre-orders for latest foldables jump 30% from last year
By Bloomberg and Chris WelchAugust 7, 2026
The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it
Middle East
The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control—and the U.S. may have to accept it
By Jason MaAugust 7, 2026
How to use QuickBooks Online to keep business and personal finances separate 
Personal Finance
How to use QuickBooks Online to keep business and personal finances separate 
By Joseph HostetlerAugust 7, 2026
Brian Moynihan, chief executive officer of Bank of America
Success
Bank of America is splashing out $250 million a year on weight loss drugs for its staff: ‘We see a great impact on employees,’ CEO says
By Emma BurleighAugust 7, 2026
Lauris
Banking
Exclusive: Kalshi partners with Blanket to help small businesses hedge against risk—with help from the guru of ‘hypergamblification’
By Nick LichtenbergAugust 7, 2026
Man, wearing jeans shorts, works on a laptop and speaks on the phone in an office kitchen space.
Success
Instagram boss Adam Mosseri says he’s ‘definitely pro’ wearing shorts into the office as Gen Z gets slammed for dressing inappropriately for work
By Preston ForeAugust 7, 2026
ag
Law
DOJ accuses Duke law school of favoring Black applicants over white and Asian ones
By The Associated PressAugust 7, 2026
la
North America
Louisiana school board, federal government call time on more than 60 years of anti-segregation oversight
By The Associated PressAugust 7, 2026
towle
Health
Gen Z mourns as the 3-year journey of a content creator who documented her cancer ends with her death at 26
By Kaitlyn Huamani and The Associated PressAugust 7, 2026
elon
Economy
DOGE seems to have hallucinated government savings, like $1.7 billion from a contract it never canceled
By Kevin Freking and The Associated PressAugust 7, 2026
w
Economy
Top economists on ‘unexpected turbulence’ in the U.S. jobs market—the plane is coming in low and hitting a rough patch
By Nick LichtenbergAugust 7, 2026
zuck
Big Tech
Meta hit with half-billion fine, compared by judge to polluting factory. Its stock fell half a percent
By Barbara Ortutay, Wufei Yu and The Associated PressAugust 7, 2026
t
Economy
The economy has been weaker than we thought as jobs report reveals 23,000 deficit in July
By Paul Wiseman and The Associated PressAugust 7, 2026
carney
Economy
‘You can say ‘nasty.’ But this is a question of Canadian jobs’: Carney stands up to Trump with tough talk
By Rob Gillies and The Associated PressAugust 7, 2026
I built Canada’s largest crypto company. But the business climate here made selling to Robinhood inevitable
Crypto
I built Canada’s largest crypto company. But the business climate here made selling to Robinhood inevitable
By Karia SamarooAugust 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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