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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
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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
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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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oil
Energy
Chevron’s profit nearly quadrupled. Drivers are paying for it at $4 a gallon
By Cathy Bussewitz and The Associated PressJuly 31, 2026
s
Environment
Climate change made Spain’s wildfires 20 times more likely, study finds
By Seth Borenstein and The Associated PressJuly 31, 2026
s
North America
Seattle’s new mayor fires police chief, admits they failed to alert city about shooting for 5 hours
By Gene Johnson, Martha Bellisle and The Associated PressJuly 31, 2026
Tim Cook’s last quarter as Apple CEO: record iPhone sales, stock still falls
Big Tech
Tim Cook’s last quarter as Apple CEO: record iPhone sales, stock still falls
By Barbara Ortutay and The Associated PressJuly 31, 2026
a
Cybersecurity
Anthropic discloses that Claude broke out of its cage and hacked 3 companies — and 2 didn’t even notice
By Chan Ho-Him and The Associated PressJuly 31, 2026
product
AI
Fed study: AI’s slow productivity story fits a century-old historical pattern
By Nick LichtenbergJuly 31, 2026
ipo
Big Tech
Microsoft’s best day in markets since 2008 shows the AI trade isn’t dead, just pickier
By Stan Choe and The Associated PressJuly 31, 2026
saunders
Commentary
Bausch & Lomb CEO: the AI hysteria is nothing new
By Brent SaundersJuly 31, 2026
zelter
Commentary
Apollo President: America’s industrial comeback requires  a new financial playbook and a fatter checkbook
By Jim ZelterJuly 31, 2026
Top CD rates from major banks July 31, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on July 31, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJuly 31, 2026
ronnen
Success
The competition passed on a flying toy. We built it into $100 million dollar business
By Ronnen HararyJuly 31, 2026
Current price of Ethereum for July 31, 2026
Personal Finance
Current price of Ethereum for July 31, 2026
By Joseph HostetlerJuly 31, 2026
Current price of Bitcoin for July 31, 2026
Personal Finance
Current price of Bitcoin for July 31, 2026
By Joseph HostetlerJuly 31, 2026
Sports teams have gone from trophies to trillion-dollar investment targets
Newsletters
Sports teams have gone from trophies to trillion-dollar investment targets
By Allie GarfinkleJuly 31, 2026
Current price of oil as of July 31, 2026
Personal Finance
Current price of oil as of July 31, 2026
By Joseph HostetlerJuly 31, 2026
trader
Commentary
The rise of financial nihilism in retail traders
By Derek HorstmeyerJuly 31, 2026
Photo: Kevin Warsh
Newsletters
‘Mutiny, if need be’: At the Fed, ‘Warsh can suppress dissent only so much,’ over credibility-testing interest rate decision, Macquarie says
By Jim EdwardsJuly 31, 2026
Ferrari’s Jony Ive–designed model was mocked by the internet, but it’s selling like hotcakes
Innovation
Ferrari’s Jony Ive–designed model was mocked by the internet, but it’s selling like hotcakes
By Marco Quiroz-GutierrezJuly 31, 2026
boom
Personal Finance
Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar
By Nick LichtenbergJuly 31, 2026
Meet the jet-setting fashion editor who turned a New York manicure at 23 into Nails.Inc—Despite selling for $40 million, she still wakes at 5:45 a.m.
Success
Meet the jet-setting fashion editor who turned a New York manicure at 23 into Nails.Inc—Despite selling for $40 million, she still wakes at 5:45 a.m.
By Orianna Rosa RoyleJuly 31, 2026
Today’s home equity loan and HELOC rates, July 31, 2026
Personal Finance
Home equity loan and HELOC rates, July 31, 2026
By Joseph HostetlerJuly 31, 2026
Elevance Health’s CEO started her career as a pro basketball player. Now she’s the highest‑ranking woman on the Global 500, leading a $199B giant
C-Suite
Elevance Health’s CEO started her career as a pro basketball player. Now she’s the highest‑ranking woman on the Global 500, leading a $199B giant
By Sarah GlodekJuly 31, 2026
The rise of ‘conspicuous waiting’: The 19th-century economic theory that explains why Gen Z posts their place in line
Retail
The rise of ‘conspicuous waiting’: The 19th-century economic theory that explains why Gen Z posts their place in line
By Tatiana SatauaJuly 31, 2026
This Dutch bookseller thought a request for 3,000 copies was ‘spam or phishing.’ Instead, AI companies are scanning and destroying books to train AI
AI
This Dutch bookseller thought a request for 3,000 copies was ‘spam or phishing.’ Instead, AI companies are scanning and destroying books to train AI
By Tatiana SatauaJuly 31, 2026
Man in a suit gesturing
Big Tech
Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity to meet demand
By Amanda GerutJuly 30, 2026
Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
Big Tech
Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing
By Alexei OreskovicJuly 30, 2026
A baseball player swinging his bat with two umpires behind him.
North America
New York Mets tap Novig as prediction market partner as MLB embraces new betting sector
By Camila Grigera NaónJuly 30, 2026
Asia drives 60% of global growth, but the region’s CEOs can’t escape geopolitics. Here’s how they can stay competitive
Commentary
Asia drives 60% of global growth, but the region’s CEOs can’t escape geopolitics. Here’s how they can stay competitive
By Yasushi SasakiJuly 30, 2026
nyse
Investing
Microsoft’s $480 billion rally fuels a debate: Financial nihilism or the true AI moat finally coming into view?
By Nick LichtenbergJuly 30, 2026
Man with glasses and a black collared shirt
Big Tech
Microsoft’s stock has biggest one-day gain since 2008, adding $480 billion in market value as cloud business booms
By Amanda GerutJuly 30, 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
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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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Current price of oil as of October 6, 2026placeholder alt text
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