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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

3

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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As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a ‘general-purpose nerd’
Success
As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a ‘general-purpose nerd’
By Jason MaAugust 2, 2026
Sen. Bernie Moreno says Rep. Max Miller shouldn’t serve in the House, calling former son-in-law a ‘danger to my daughter’ and granddaughter
Politics
Sen. Bernie Moreno says Rep. Max Miller shouldn’t serve in the House, calling former son-in-law a ‘danger to my daughter’ and granddaughter
By Mary Clare Jalonick, Julie Carr Smyth and The Associated PressAugust 2, 2026
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
Middle East
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
By Jason MaAugust 2, 2026
Tom Holland and Zendaya share another box-office hit as ‘Spider-Man: Brand New Day’ makes history on the heels of ‘The Odyssey’
Arts & Entertainment
Tom Holland and Zendaya share another box-office hit as ‘Spider-Man: Brand New Day’ makes history on the heels of ‘The Odyssey’
By Lindsey Bahr and The Associated PressAugust 2, 2026
Wall Street’s favorite bet comes undone as chips whipsaw market
Investing
Wall Street’s favorite bet comes undone as chips whipsaw market
By Ryan Vlastelica and BloombergAugust 2, 2026
Jefferies analyst calls out ‘simple-minded’ criticism of SpaceX’s governance
Investing
Jefferies analyst calls out ‘simple-minded’ criticism of SpaceX’s governance
By Alastair Marsh and BloombergAugust 2, 2026
Crushed by Kospi rout, angry Koreans rip Lee and vow not to buy
Investing
Crushed by Kospi rout, angry Koreans rip Lee and vow not to buy
By Youkyung Lee, Sangmi Cha and BloombergAugust 2, 2026
Trump’s approval rating on the economy sinks to just 32%, and even Republicans feel like they need ‘to get a loan before I go grocery shopping’
Politics
Trump’s approval rating on the economy sinks to just 32%, and even Republicans feel like they need ‘to get a loan before I go grocery shopping’
By Amelia Thomson-Deveaux, Linley Sanders, Mike Catalini and The Associated PressAugust 2, 2026
Moscow views SpaceX’s Starlink as a grave threat, and Ukraine is seeking Trump’s help to get permission to use it for hitting targets inside Russia
Politics
Moscow views SpaceX’s Starlink as a grave threat, and Ukraine is seeking Trump’s help to get permission to use it for hitting targets inside Russia
By Lisa Mascaro, Aamer Madhani, Collin Binkley and The Associated PressAugust 2, 2026
s
C-Suite
Infantino’s $20 billion FIFA plan collapses and now he faces a European mutiny over the future of the World Cup
By Graham Dunbar and The Associated PressAugust 2, 2026
For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend
Economy
For the third time in history, women outnumber men in the workforce as the stay-at-home boyfriend becomes an economic trend
By Catherina GioinoAugust 2, 2026
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
Success
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
By Orianna Rosa RoyleAugust 2, 2026
Parent with Gen Z adult kid talking about money
Success
Two-thirds of parents say their adult Gen Z kids still rely on them financially for support—even though it’s putting them under strain
By Emma BurleighAugust 2, 2026
t
Commentary
Trump just invoked a 1930 tariff law no president has ever used — against Canada
By Caleb PetittAugust 2, 2026
lp
Success
‘It’s really not for the faint of heart’: This 29-year-old CEO became a business owner, doubled revenue in 3 years, and learned what car not to drive
By Nick LichtenbergAugust 2, 2026
Fortune Archives: The oil boom that never ended
Newsletters
Fortune Archives: The oil boom that never ended
By Indrani SenAugust 2, 2026
SpaceX’s record IPO is helping spur a new wave of startups aiming for orbit and opening a vast new market beyond Earth
Startups & Venture
SpaceX’s record IPO is helping spur a new wave of startups aiming for orbit and opening a vast new market beyond Earth
By Marco Quiroz-GutierrezAugust 2, 2026
Most billionaires are stuck in ‘slow philanthropy.’ MacKenzie Scott gave away $26 billion and won’t stop until ‘the safe is empty’
Success
Most billionaires are stuck in ‘slow philanthropy.’ MacKenzie Scott gave away $26 billion and won’t stop until ‘the safe is empty’
By Sydney LakeAugust 2, 2026
A person walks alone in a public plaza
North America
Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we’re paying with our health
By Catherina GioinoAugust 2, 2026
Jason McGowan headshot. Wearing a black shirt with 'Crumbl' behind a pink background
Success
Crumbl CEO says he shuts shop on Sundays and prioritizes game nights with his 7 kids in pursuit of balance: Life can’t be ‘just go, go, go’
By Preston ForeAugust 2, 2026
Basic economics show why Mamdani’s socialist grocery stores in NYC are destined to fail
Retail
Basic economics show why Mamdani’s socialist grocery stores in NYC are destined to fail
By Shawn TullyAugust 2, 2026
SpaceAI could be Southeast Asia’s edge against El Niño—if governments actually use it
Asia
SpaceAI could be Southeast Asia’s edge against El Niño—if governments actually use it
By Karryl Kim Sagun Trajano and Iuna TsyrulnevaAugust 2, 2026
Trump backs off from new strikes on Iran, claiming Mideast allies have outlines of an emerging deal to reopen the Strait of Hormuz
Politics
Trump backs off from new strikes on Iran, claiming Mideast allies have outlines of an emerging deal to reopen the Strait of Hormuz
By Aamer Madhani and The Associated PressAugust 1, 2026
Amid fears of Iranian cyberattacks, Michigan joins Minnesota in reporting hackers targeted water systems. The FBI is now investigating
Cybersecurity
Amid fears of Iranian cyberattacks, Michigan joins Minnesota in reporting hackers targeted water systems. The FBI is now investigating
By Michael Casey and The Associated PressAugust 1, 2026
Trump blasts Pirro after she admitted Reflecting Pool damage was caused by botched installation and blamed Interior Dept. for not sharing information
Law
Trump blasts Pirro after she admitted Reflecting Pool damage was caused by botched installation and blamed Interior Dept. for not sharing information
By Aamer Madhani, Matthew Daly and The Associated PressAugust 1, 2026
Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a ‘credibility shock’
Economy
Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a ‘credibility shock’
By Jason MaAugust 1, 2026
Spain puts up a 1,600-foot sea barrier between Ceuta and Morocco after EU states warn against ‘uncontrolled mass crossings’
Politics
Spain puts up a 1,600-foot sea barrier between Ceuta and Morocco after EU states warn against ‘uncontrolled mass crossings’
By Suman Naishadham and The Associated PressAugust 1, 2026
Trump vows to restore his ‘Anti-Weaponization Fund’ a day after declaring it dead, while Tillis slams it as a ‘payout pot for punks’
Politics
Trump vows to restore his ‘Anti-Weaponization Fund’ a day after declaring it dead, while Tillis slams it as a ‘payout pot for punks’
By Eric Tucker and The Associated PressAugust 1, 2026
Welcome to the mega-war: Mideast and European conflicts merge, sucking in more countries along the way—even ones claiming neutrality
Middle East
Welcome to the mega-war: Mideast and European conflicts merge, sucking in more countries along the way—even ones claiming neutrality
By Jason MaAugust 1, 2026
Elon Musk’s fortune slumps to pre-SpaceX IPO levels after rout
Big Tech
Elon Musk’s fortune slumps to pre-SpaceX IPO levels after rout
By Tom Maloney and BloombergAugust 1, 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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