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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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Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

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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

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

Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

3

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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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? 

The Arsenal boss explains why prioritizing your health is the foundation of good leadership and whether the skills that drive success in the sporting arena can translate to the corporate world.

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
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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
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
By Tatiana SatauaOctober 6, 2026
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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
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
MAGAnomics is starting to look uncomfortably like Bidenomics

Trump once called Biden-era inflation a “country-buster” and a “colossal tax on American families.” Now the shoe is on the other foot.

By Nick LichtenbergOctober 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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Current price of oil as of Aug. 6, 2026
Personal Finance
Current price of oil as of August 6, 2026
By Joseph HostetlerAugust 6, 2026
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon
Economy
Jamie Dimon waves off Wall Street ‘squealing like stuck pigs’ over Warsh’s Fed: ‘It makes tremendous sense’
By Eleanor PringleAugust 6, 2026
h
Commentary
The show that just beat Hamilton at the box office was built by giving away control
By Stuart N. BrotmanAugust 6, 2026
Iran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees
Newsletters
Iran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees
By Jim EdwardsAugust 6, 2026
Bridgit Mendler, co-founder and CEO of Northwood, at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
Newsletters
Northwood Space’s Bridgit Mendler on the next chapter for space startups
By Allie GarfinkleAugust 6, 2026
Zach Dell is the co-founder and CEO of Base Power.
Energy
Michael Dell’s son built a $13 billion home battery business—and he’s going on 30 years old
By Jordan BlumAugust 6, 2026
Today’s home equity loan and HELOC rates, Aug. 6, 2026
Personal Finance
Home equity loan and HELOC rates, August 6, 2026
By Joseph HostetlerAugust 6, 2026
Google DeepMind chief AI officer warns the odds of AI wiping out the human race are ‘not zero’—but she disagrees with Elon Musk’s predictions
Success
Google DeepMind chief AI officer warns the odds of AI wiping out the human race are ‘not zero’—but she disagrees with Elon Musk’s predictions
By Orianna Rosa RoyleAugust 6, 2026
California mints the most billionaires. A new index ranks it dead last on the freedom to give to charity
Personal Finance
California mints the most billionaires. A new index ranks it dead last on the freedom to give to charity
By Sydney LakeAugust 6, 2026
Fashion’s biggest brands spent years letting eBay and Depop resell their clothes. Now, they want the money
Retail
Fashion’s biggest brands spent years letting eBay and Depop resell their clothes. Now, they want the money
By Tatiana SatauaAugust 6, 2026
OpenAI wanted a feel-good influencer trip. It created a ‘comms disaster’ instead
AI
OpenAI wanted a feel-good influencer trip. It created a ‘comms disaster’ instead
By Tatiana SatauaAugust 6, 2026
nic
Commentary
The SEC should ban the products behind South Korea’s recent market meltdown 
By Nic PuckrinAugust 6, 2026
s
Commentary
SpaceX created a new class of ultrawealthy. Here’s what comes next
By Anastasia AtamanchukAugust 5, 2026
r
Innovation
Why a friendlier robot loses your trust faster when It messes up
By Hasan Ayaz, Ewart J. de Visser, Frank Krueger, Yigit Topoglu and The ConversationAugust 5, 2026
elon
Innovation
Is Elon Musk’s master plan with SpaceX to have rockets replace planes for global cargo delivery?
By Euihyeon Choi, Koki Ho and The ConversationAugust 5, 2026
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Cybersecurity
Iranian hackers and America’s Achilles heel on water: default passwords
By William Akoto and The ConversationAugust 5, 2026
cavender
Success
5 years after NIL began, college coaches still out-earn the athletes they coach
By Brennan Berg and The ConversationAugust 5, 2026
erica
Politics
Third time’s a charm for CDC director as Senate finally confirms Erica Schwartz as new agency head
By Mike Stobbe and The Associated PressAugust 5, 2026
After months of a public back and forth over Mamdani’s pied-à-terre tax, Ken Griffin isn’t ready to give up on New York after all
C-Suite
After months of a public back and forth over Mamdani’s pied-à-terre tax, Ken Griffin isn’t ready to give up on New York after all
By Joshua HongAugust 5, 2026
epstein
Law
New Mexico AG accuses Todd Blanche of sitting on the names of more Epstein victims
By Savannah Peters and The Associated PressAugust 5, 2026
a
Politics
After losing to Whitmer by 21 points, El-Sayed triumphs in Michigan and shocks Democratic Party
By Joey Cappelletti, Jacqueline Ganun and The Associated PressAugust 5, 2026
A worker reacts near a line of humanoid robots displayed at the World AI Conference in Shanghai.
Asia
‘No choice but to take necessary countermeasures’: China imposes sanctions on Washington in retaliation to U.S. trade restrictions
By The Associated Press, Huizhong Wu and Kanis LeungAugust 5, 2026
m
Innovation
‘Things are going to get a lot busier near the moon’: Elon Musk rocket crashes as predicted
By Marcia Dunn and The Associated PressAugust 5, 2026
Specialist Dilip Patel works on the floor of the New York Stock Exchange.
Investing
Wall Street stays steady at record highs as ‘coiled spring’ releases in August, with talks of deal to reopen Strait of Hormuz
By The Associated Press and Damian J. TroiseAugust 5, 2026
A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon’
Innovation
A billion SpaceX shares unlock Thursday. Wall Street isn’t worried: ‘You never bet against Elon’
By Eva RoytburgAugust 5, 2026
In its first deal since going public, Italian unicorn Bending Spoons buys Airtable at a $9 billion discount
Startups & Venture
In its first deal since going public, Italian unicorn Bending Spoons buys Airtable at a $9 billion discount
By Catherina GioinoAugust 5, 2026
Reinvent or go extinct: Inside the CEO playbook for the AI era
Magazine
Reinvent or go extinct: Inside the CEO playbook for the AI era
By Alyson ShontellAugust 5, 2026
The facade of the Department of Justice building in Washington, D.C., behind a U.S. flag.
Crypto
Feds accuse crypto founder of stealing $10 million from NFT investors, spending it on Miami condo and DJ hobby
By Camila Grigera NaónAugust 5, 2026
Demis Hassabis sitting in a chair.
AI
Demis Hassabis steps down from Google DeepMind CEO role amid a major AI leadership shake-up
By Beatrice NolanAugust 5, 2026
CeBIT Technology Fair
Newsletters
Hitachi America’s CIO says the Japanese conglomerate’s enterprise AI strategy isn’t one-size-fits-all
By John KellAugust 5, 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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Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he losesplaceholder alt text
By Sasha RogelbergOctober 3, 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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