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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
More in News
North America
More in North America
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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Higher wages don't guarantee retirement confidence, Goldman Sachs found.
Economy
You’re more likely to live paycheck to paycheck if you earn less than $50K—or more than $500K—Goldman Sachs says
By Eleanor PringleSeptember 30, 2026
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Economy
Ford CEO Jim Farley teams with Jamie Dimon on $2 billion initiative as he fears the ‘backbone of the American Dream’ is crumbling
By Nick LichtenbergSeptember 30, 2026
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Commentary
Deepak Chopra: the final chapter is a career move
By Deepak ChopraSeptember 30, 2026
Photo: President Trump
Newsletters
Trump and Tehran are boxed in until the midterms because Iran wants to keep U.S. gas prices high and the president can’t accept ‘surrender’
By Jim EdwardsSeptember 30, 2026
From IPO boom to standoff: Saudi Arabia’s capital markets ambitions meet a reluctant investor base 
Middle East
From IPO boom to standoff: Saudi Arabia’s capital markets ambitions meet a reluctant investor base 
By Melissa HancockSeptember 30, 2026
From rift to rapprochement: Saudi-UAE reset over Yemen 
Newsletters
From rift to rapprochement: Saudi-UAE reset over Yemen 
By Melissa HancockSeptember 30, 2026
Big companies used to treat retail investors as an afterthought—now, they are at the IPO table
Newsletters
Big companies used to treat retail investors as an afterthought—now, they are at the IPO table
By Jeff John RobertsSeptember 30, 2026
‘No way’ the yuan challenges the U.S. dollar—though it might gain ground against the yen and the pound, says Standard Chartered’s China CEO
Asia
‘No way’ the yuan challenges the U.S. dollar—though it might gain ground against the yen and the pound, says Standard Chartered’s China CEO
By Angelica AngSeptember 30, 2026
Asia’s boardrooms risk missing the biggest cost of climate change: human health
Commentary
Asia’s boardrooms risk missing the biggest cost of climate change: human health
By Mitch NewSeptember 30, 2026
‘Groundhog Day’: Iran is unlikely to let the war end until after the midterms—and may even escalate soon
Energy
‘Groundhog Day’: Iran is unlikely to let the war end until after the midterms—and may even escalate soon
By Jordan BlumSeptember 30, 2026
Alex Karp, wearing a suit, looks forward.
Real Estate
Palantir CEO Alex Karp quietly purchased 37,000 acres of forests in Sweden—and locals found out when hunters lost leases to use the property
By Sasha RogelbergSeptember 30, 2026
Meet Noah Shinn: The 23-year-old college dropout whose viral AI assistant is emerging as a new challenger to Mark Zuckerberg’s Meta
Startups & Venture
Meet Noah Shinn: The 23-year-old college dropout whose viral AI assistant is emerging as a new challenger to Mark Zuckerberg’s Meta
By Marco Quiroz-GutierrezSeptember 30, 2026
Jeff Bezos is giving $25 million to protect the Pacific—but his climate fund still has about $7 billion left to spend in four years
Environment
Jeff Bezos is giving $25 million to protect the Pacific—but his climate fund still has about $7 billion left to spend in four years
By Sydney LakeSeptember 30, 2026
Home equity loan and HELOC rates, Sept. 30, 2026
Personal Finance
Home equity loan and HELOC rates, Sept. 30, 2026
By Joseph HostetlerSeptember 30, 2026
parenting
Real Estate
Older millennials are pulling away from the pack in the housing market—and they’re dominating the ‘hobbies’ economy, too
By Nick LichtenbergSeptember 30, 2026
In the high-stakes game of chicken between CEOs and states, who blinks first?
Magazine
In the high-stakes game of chicken between CEOs and states, who blinks first?
By Ruth UmohSeptember 30, 2026
Palo Alto Networks’ Nikesh Arora is building a defense against the dark side of AI
Magazine
Palo Alto Networks’ Nikesh Arora is building a defense against the dark side of AI
By Allie GarfinkleSeptember 30, 2026
Robinhood agents image
Investing
Robinhood just rolled out trading agents to millions—and investing may never be the same
By Jeff John RobertsSeptember 29, 2026
Judge orders Mamdani administration to cancel pied-à-terre tax notices and start over
Personal Finance
Judge orders Mamdani administration to cancel pied-à-terre tax notices and start over
By Catherina GioinoSeptember 29, 2026
President Donald Trump applauds on stage during the America.gov launch event at Andrew W. Mellon Auditorium on September 29, 2026 in Washington, DC. The website features an artificial intelligence tool to help Americans interact with the federal government.
Politics
Trump’s new AI website America.gov said Biden won 2020—then the White House made the chatbot stop answering
By Meg Kinnard, Chris Rugaber and Will WeissertSeptember 29, 2026
President Donald Trump gesturing as he speaks at the Andrew W. Mellon Auditorium.
AI
‘We can’t stifle it’: Trump says AI leaders ‘have to self-police’ AI technology that ‘will be bigger than the industrial revolution’
By The Associated Press, Christopher Rugaber, Will Weissert and Meg KinnardSeptember 29, 2026
After months of ‘hell,’ an OpenAI safety researcher suggests way to prevent more rogue AI incidents
Newsletters
After months of ‘hell,’ an OpenAI safety researcher suggests way to prevent more rogue AI incidents
By Emily ForliniSeptember 29, 2026
Top CD rates from major banks on Sept. 29, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on Sept. 29, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerSeptember 29, 2026
Current price of Ethereum for Sept. 29, 2026
Personal Finance
Current price of Ethereum for Sept. 29, 2026
By Joseph HostetlerSeptember 29, 2026
Current price of Bitcoin for Sept. 29, 2026
Personal Finance
Current price of Bitcoin for Sept. 29, 2026
By Joseph HostetlerSeptember 29, 2026
Current price of oil as of Sept. 29, 2026
Personal Finance
Current price of oil as of Sept. 29, 2026
By Joseph HostetlerSeptember 29, 2026
OpenAI dots graphic
AI
OpenAI unveils Dots as rival to Meta’s Muse, plus a $500 monthly plan
By Emily ForliniSeptember 29, 2026
Canadian whisky is pictured at a British Columbia Liquor store in Vancouver on Aug. 25, 2026.
North America
The U.S. just banned nearly $1 billion in Canadian imports—and 87% of it is booze
By Paul Wiseman and The Associated PressSeptember 29, 2026
A man wades through floodwaters after heavy rain in Bangkok, Thailand.
Asia
‘It was a big loss’: Thailand approves $122 million in emergency funding following flooding that killed at least 19 since September
By The Associated Press and Jintamas SaksornchaiSeptember 29, 2026
The FBI is looking into a new possible ransom note connected to the disappearance of Nancy Guthrie
Cybersecurity
The FBI is looking into a new possible ransom note connected to the disappearance of Nancy Guthrie
By The Associated PressSeptember 29, 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
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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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