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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

3

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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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
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
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
By Doug Ferguson and The Associated PressOctober 6, 2026
Young woman with suitcase close to her waiting for transportation in airport lounge
Gen Z’s new American Dream: Skip the mortgage, book the flight
By Bilin LinOctober 6, 2026
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
By The Associated Press and TERESA MEDRANOOctober 6, 2026
Asmita Dubey is the chief digital and marketing officer, at L'Oréal
As AI reshapes the consumer journey, L’Oréal is rethinking its marketing engine
By Kirsty McGregor and Francesca CassidyOctober 6, 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 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
‘I was just kind of on my own’: Soldiers wounded in Iranian drone strike say the Army ‘took too long’ to treat their injuries

“I was just kind of on my own, at least it felt like that,” said Lincón, a veteran of wars in Iraq and Afghanistan.

By The Associated Press, Julie Watson, Jack Brook and Konstantin ToropinOctober 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
More in Asia
Global
More in Global
Eva Olsson, Ellen Moons, and Mark Pearce sit in front of a screen displaying Francis Halzen as the recipient of the 2026 Nobel Prize in Physics during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 6, 2026. Belgian physicist Francis Halzen won the Nobel Prize in Physics for work on subatomic particles at the South Pole, the Nobel jury said.
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
Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows

96-year-old Buffett now spends his evenings watching YouTube—but the billionaire has long made time for reading, bridge and seeking work-life balance.

By Preston ForeOctober 6, 2026
How to choose a mortgage lender in 2026

Choosing the wrong mortgage lender could potentially cost you thousands. Here’s how to compare your options, what questions to ask every lender, and the red flags to watch out for.

By Glen Luke FlanaganOctober 6, 2026
Brands are fleeing TV for social. The agency behind 50 Cent and Doordash’s viral Super Bowl-week ad just sold for at least $100 million

Exclusive: Get Engaged becomes a part of SAMY, a global social-first marketing company.

By Sydney LakeOctober 6, 2026
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Inside Ikea’s big bet on humans in the age of AI
Magazine
Inside Ikea’s big bet on humans in the age of AI
By Claire ZillmanJuly 30, 2026
Warren Buffett is handing $140 billion to his family’s foundations. The way he’s doing it reveals how billionaire philanthropy really works
Personal Finance
Warren Buffett is handing $140 billion to his family’s foundations. The way he’s doing it reveals how billionaire philanthropy really works
By Sydney LakeJuly 30, 2026
Mamdani’s pied-à-terre ‘hit list’ is as unsexy as it sounds
Real Estate
Mamdani’s pied-à-terre ‘hit list’ is as unsexy as it sounds
By Catherina GioinoJuly 30, 2026
Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
Real Estate
Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
By Catherina GioinoJuly 30, 2026
zendaya
Arts & Entertainment
How Gen Z’s love of ‘handcrafted’ blockbusters created Hollywood’s ‘memory moment’
By Nick LichtenbergJuly 30, 2026
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Friday, July 10, 2026.
Big Tech
Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at launching cloud business with few details
By Eva RoytburgJuly 29, 2026
Robinhood Markets logo is seen displayed on a smartphone screen.
Investing
Robinhood CFO details surging prediction market business as firm posts record revenue in Q2
By Jeff John RobertsJuly 29, 2026
f
Commentary
Dr. Fauci, the Lockdown Czar, just won’t go away
By Steve H. HankeJuly 29, 2026
f
North America
Beyond the Covid origins: Fauci’s pandemic diary reveals a starstruck Julia Roberts and Trump gasping for oxygen
By The Associated PressJuly 29, 2026
Southeast Asia is ‘hungry for innovation’ and eager to leapfrog, says SAP’s new APAC president Verena Siow
AI
Southeast Asia is ‘hungry for innovation’ and eager to leapfrog, says SAP’s new APAC president Verena Siow
By Angelica AngJuly 29, 2026
f
Law
RFK says he found Fauci’s diary in government archives as Fauci invokes the Fifth Amendment over 100 times
By Lauran Neergaard, Ali Swenson and The Associated PressJuly 29, 2026
Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom
Economy
Inside China’s two-speed economy: Why goods consumption is slumping even as exports and services boom
By Nicholas GordonJuly 29, 2026
nyse
Energy
Dow drops over 1,100 points as sinking tech stocks combine with jumping oil prices to drag markets down
By Stan Choe and The Associated PressJuly 29, 2026
Trump, Sam Altman, and Demis Hassibis at the G7.
AI
More than 1,200 AI workers across Anthropic, DeepMind, OpenAI, and Meta are asking for Washington’s help building an AI slowdown plan
By Beatrice NolanJuly 29, 2026
A television station broadcasts Kevin Warsh, chairman of the US Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting as traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, July 29, 2026.
Economy
Wall Street is panicking over Kevin Warsh’s patience
By Eva RoytburgJuly 29, 2026
A bar chart with coins going up and to the right.
Personal Finance
Best high-yield savings accounts for October 2026: Over 4% APY without a fee
By Joseph HostetlerJuly 29, 2026
A person holding a blue piggy bank
Personal Finance
Best savings account bonuses for October 2026
By Joseph HostetlerJuly 29, 2026
US Federal Reserve Chair Kevin Warsh testifies during a Senate Banking Committee hearing titled "The Semiannual Monetary Policy Report to the Congress" on Capitol Hill in Washington, DC, on July 15, 2026.
Economy
Fed, in a nail-biter July meeting, decides to leave rates unchanged
By Paul Wiseman and The Associated PressJuly 29, 2026
Federal Reserve building
Personal Finance
How the Federal Reserve can impact your savings account’s interest rate
By Glen Luke Flanagan and Cassie BottorffJuly 29, 2026
First-time homebuyer loans and programs: What they are and how to use them to your advantage
Personal Finance
First-time homebuyer loans and programs: What they are and how to use them to your advantage
By Joseph HostetlerJuly 29, 2026
sam altman looks down while reporters ask questions
Cybersecurity
Hugging Face drops in-depth hack report, while OpenAI gives us 7 bullets. Here’s what we know now, and what remains a mystery
By Emily ForliniJuly 29, 2026
Fauci accuses Rand Paul of ‘unhinged obsession,’ pleads Fifth at least 100 times on COVID origins despite full Biden pardon
North America
Fauci accuses Rand Paul of ‘unhinged obsession,’ pleads Fifth at least 100 times on COVID origins despite full Biden pardon
By Nick LichtenbergJuly 29, 2026
Eddie Smith Jr driving a boat
Success
He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
By Preston ForeJuly 29, 2026
Two female founders want to prove the best successor is another founder
Newsletters
Two female founders want to prove the best successor is another founder
By Emma HinchliffeJuly 29, 2026
Bernard Arnault, CEO of LVMH
Success
LVMH CEO Bernard Arnault reveals he owned nearly 20% of Netflix, but cashed out too early—his stake could be worth up to $60 billion today
By Emma BurleighJuly 29, 2026
Millionaires are leaving the U.K. in droves thanks to tax hikes—but the CEO of $1 billion tax platform says it’s their ‘social responsibility’ to stay
Success
Millionaires are leaving the U.K. in droves thanks to tax hikes—but the CEO of $1 billion tax platform says it’s their ‘social responsibility’ to stay
By Orianna Rosa RoyleJuly 29, 2026
Costco’s $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
Retail
Costco’s $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
By Sydney LakeJuly 29, 2026
obama
Politics
Obama got ‘whooped’ by a Paralympian on the basketball court — now he wants Iowa to send him to the Senate
By Hannah Fingerhut and The Associated PressJuly 29, 2026
eeoc
Law
EEOC has indefinitely suspended all federal-sector class complaints, lawsuit claims
By Alexandra Olson and The Associated PressJuly 29, 2026
Foreign buyers seem to be following Zohran Mamdani’s cue — and fleeing American real estate
Economy
Foreign buyers seem to be following Zohran Mamdani’s cue — and fleeing American real estate
By Nick LichtenbergJuly 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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