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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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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
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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‘AI Snake Oil’ author sees chatbots evolving into a ‘truth oracle’—and journalism heading somewhere it hasn’t been in 200 years
By Nick LichtenbergOctober 6, 2026
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
By The Associated Press, Wufei Yu and Didi TangOctober 6, 2026
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
By The Associated Press, Gerald Imray and Jacob ZimbaOctober 6, 2026
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After housing protests turned violent, Spain will tax seasonal rentals to build a 10 billion euro fund into first-home loans
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
Taxpayers are still paying $1.6 million a week to keep 420 radio staffers out of work

The United States Agency for Global Media can’t document 99% of the gear from Voice of America that it dumped in 2025.

By Joshua HongOctober 5, 2026
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North America
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Current price of oil as of Oct. 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
How Christina Zhu turned Sam’s Club into Walmart’s unlikely growth engine in China

Walmart China’s first native Chinese CEO is leaning on Sam’s Club, smaller portion sizes, and an ultrafast delivery network to drive growth in a strained consumer economy.

By Nicholas GordonOctober 5, 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
Jon Rahm of Spain drops his club on the 13th hole during the first round of the BMW Championship golf tournament in Virginia Water, England.
‘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
Trillions of ‘ghost particles’ pass through your body every second. The scientist who hunts them just won the Nobel Prize

Francis Halzen turned Antarctic ice into a giant detector for elusive neutrinos, with sensors buried 8,200 feet below the surface.

By Kostya Manenkov, Adithi Ramakrishnan and Stefanie DazioOctober 6, 2026
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Ukraine uses business principles to maximize Russia’s casualties and economic costs, potentially crushing its will to keep fighting, RAND says 
Economy
Ukraine uses business principles to maximize Russia’s casualties and economic costs, potentially crushing its will to keep fighting, RAND says 
By Jason MaAugust 3, 2026
What percentage of your income should go toward your mortgage?
Personal Finance
What percentage of your income should go toward your mortgage?
By Joseph HostetlerAugust 3, 2026
George Santos stands in front of the US Congress on Capitol Hill.
Crypto
Kalshi CEO clashes with disgraced former Congressman George Santos in latest prediction market controversy
By Camila Grigera NaónAugust 3, 2026
A ship sails on the ocean near the Strait of Hormuz
Energy
The Iran war already has a winner: The world’s largest shipbroker notching record earnings from the ‘exceptional volatility’ in the Strait of Hormuz
By Sasha RogelbergAugust 3, 2026
Photo of Christopher Nolan
Arts & Entertainment
‘A hidden gem’: Odyssey fans are shelling out up to $2,000 to buy 70mm IMAX tickets on eBay
By Sarah GlodekAugust 3, 2026
Tommy Bahama CEO Doug Wood
Retail
Go ahead, make fun of Tommy Bahama. The CEO is happy to join you, and he’s probably not a fan of your preppy shorts
By Catherina GioinoAugust 3, 2026
A physical Bitcoin coin held between an index finger and a thumb.
Crypto
Bitcoin owners rocked by $116 million hack: What we know about the Coldcard exploit
By Camila Grigera NaónAugust 3, 2026
Is car insurance required? Minimum car insurance requirements by state explained
Personal Finance
Is car insurance required? Minimum car insurance requirements by state explained
By Joseph HostetlerAugust 3, 2026
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C-Suite
‘A fantastic amount of money to have borrowed’: a top Wall Street wealth advisor is stunned by the national debt
By Nick LichtenbergAugust 3, 2026
Best Hair Serums (2026): Tested and Reviewed
Health
Best Hair Serums (2026): Tested and Reviewed
By Emily PharesAugust 3, 2026
broker
Investing
Wall Street bulls are starting to admit the earnings bubble is real—and the 60/40 portfolio may be the first casualty
By Nick LichtenbergAugust 3, 2026
PricewaterhouseCoopers (PwC) CEO Paul Griggs
Success
PwC U.S. CEO advises young workers to say yes a lot, even if it means working on the weekends—‘That person climbs into the next role’
By Emma BurleighAugust 3, 2026
sb
Economy
America’s ‘weird’ and ‘unwise’ intervention in the Japanese yen: ‘The last thing you want is to give markets any kind of reason to ask questions’
By Mia OsmonbekovAugust 3, 2026
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Success
Sam Altman reveals the investing advice billionaire Peter Thiel gave him that helped him amass a $3.3 billion net worth without OpenAI equity
By Preston ForeAugust 3, 2026
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AI
Forget Gen Z: People in their 70s and 80s are some of the earliest Americans to welcome physical AI into their homes and daily routines
By Marco Quiroz-GutierrezAugust 3, 2026
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Commentary
Careful what you bid for: The Ellisons’ Paramount/WBD deal is slipping toward a costly legal and financial cliff
By Jeffrey Sonnenfeld, Nell Minow and Stephen HenriquesAugust 3, 2026
Fortune Daily video show graphic showing host Ellie Austin
C-Suite
Welcome to Fortune Daily
By Ellie AustinAugust 3, 2026
yen
Economy
Yen rises amid speculation of more intervention after U.S. support
By Mia Glass, John Cheng, Ruth Carson and BloombergAugust 3, 2026
Photo of traders on floor of New York Stock Exchange
Economy
Oil tumbles and stock futures surge after Trump said Iran deal was near
By The Associated Press, Elaine Kurtenbach and Matt OttAugust 3, 2026
Bessent seen rebuffing Wall Street on guidance for U.S. debt sales
Banking
Bessent seen rebuffing Wall Street on guidance for U.S. debt sales
By Greg Ritchie and BloombergAugust 3, 2026
congress
Commentary
Congress needs an AI framework now
By Caleb KnappAugust 3, 2026
Photo of worker polishing rare earth metal ingot
Energy
America’s $500 million bet on rare earths depends on a tiny New Hampshire refinery scaling from 200 kg to 120 tonnes in 2 years
By Didi Tang, Josh Funk, Rodrique Ngowi and The Associated PressAugust 3, 2026
SoftBank, Hitachi, LG back Zenity’s $125 million Norwest-led round to police AI agents
AI
SoftBank, Hitachi, LG back Zenity’s $125 million Norwest-led round to police AI agents
By Nicholas GordonAugust 3, 2026
j
Economy
‘Japan’s been very good to us, with the exception, of course, of Pearl Harbor’: Trump awkwardly comes to the Yen’s rescue
By Mayuko Ono, Elaine Kurtenbach and The Associated PressAugust 3, 2026
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Cybersecurity
Someone broke into Liechtenstein’s secret wealth haven list overnight
By The Associated PressAugust 3, 2026
cs
AI
The computer science major is dying so that the AI literacy minor can be born: ‘we have to democratize it’
By Heather Hollingsworth and The Associated PressAugust 3, 2026
s
Arts & Entertainment
Spider-Man comes $2 million shy of Avengers record for all-time first-weekend record, already close to $1 billion global box office
By Lindsey Bahr and The Associated PressAugust 3, 2026
AI changed what work looks like. Now the operating model must follow
Future of Work
AI changed what work looks like. Now the operating model must follow
By Neil DharAugust 3, 2026
Business colleagues sitting at conference table seen through glass wall. They are planning strategy.
C-Suite
Aon’s CFO on the No. 1 risk keeping CEOs and finance chiefs up at night
By Sheryl EstradaAugust 3, 2026
Sam Altman says a ‘cool use case’ for ChatGPT is a daily AI podcast about your kids. The replies were brutal
AI
Sam Altman says a ‘cool use case’ for ChatGPT is a daily AI podcast about your kids. The replies were brutal
By Holly Van Leuven and Morning BrewAugust 3, 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
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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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