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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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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
More in Asia
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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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
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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
Exclusive: Rent the Runway cofounder Jenn Hyman is taking over IPO-bound Babylist as it nears $1 billion in revenue
C-Suite
Exclusive: Rent the Runway cofounder Jenn Hyman is taking over IPO-bound Babylist as it nears $1 billion in revenue
By Emma HinchliffeJuly 29, 2026
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Law
Johnson & Johnson proposes $5.5 billion talc settlement after $9 billion deal shot down by bankruptcy court
By Michelle Chapman and The Associated PressJuly 29, 2026
milk
Health
California is banning ‘sell-by’ dates in grocery stores, but they’re pretty much made up anyway
By Olga R. Rodriguez and The Associated PressJuly 29, 2026
Scientist on wildfires: ‘we have our foot on the gas pedal’ but ‘we’ve lost the brakes’
Environment
Scientist on wildfires: ‘we have our foot on the gas pedal’ but ‘we’ve lost the brakes’
By Seth Borenstein and The Associated PressJuly 29, 2026
Photo of Kevin Warsh
Energy
Fed expected to hold rates as Iran-Jordan clash reignites war fears, with oil prices jumping more than 4%
By Yuri Kageyama, Matt Ott and The Associated PressJuly 29, 2026
mm
Politics
AWOL Mitch McConnell challenged by his governor: ‘provide proof of your capacity to serve, or resign’
By Joey Cappelletti and The Associated PressJuly 29, 2026
Photo of Ryan Grim
North America
‘I started going to Instagram to get my news’: Left-wing’s populist turn fueled by retreat from traditional media
By The Associated Press and Ali SwensonJuly 29, 2026
Photo of humanoid robot waving Chinese national flags
Innovation
China’s robot makers shipped 25x more units than U.S. rivals in 2025, so America banned them
By The Associated Press and Chan Ho-HimJuly 29, 2026
f
Commentary
Dr. Fauci, the Age of Big Players in science and what his diary reveals about the disputed origins of Covid
By Steve H. Hanke and Roger KopplJuly 29, 2026
f
North America
Fauci’s diary shows he thought Covid could be man-made. Now he’s telling Congress it was ‘molecularly impossible’
By Lauran Neergaard, Ali Swenson and The Associated PressJuly 29, 2026
sally
Innovation
An Upstate New York school district bought a $60K robot teacher that looks uncomfortably like a sex doll
By Philip Marcelo and The Associated PressJuly 29, 2026
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Politics
Tapes: 3 years before he was elected, Biden talked to a ghostwriter about classified documents, showed memory lapses
By Bill Barrow and The Associated PressJuly 29, 2026
food
Economy
A pound of ground beef now costs $6.82 — and that number is crushing consumer confidence
By Matt Ott and The Associated PressJuly 29, 2026
QuickBooks Online review
Personal Finance
QuickBooks Online review
By Joseph HostetlerJuly 29, 2026
boehly
Arts & Entertainment
Lawsuit: Penske and Boehly staged Golden Globes boycott to buy it cheap
By Andrew Dalton and The Associated PressJuly 29, 2026
An iPhone showing a display of an events contract on Polymarket.
Startups & Venture
Exclusive: Polymarket launches institute to fund independent academic research on prediction markets
By Camila Grigera NaónJuly 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
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
Personal Finance
Current price of oil as of October 6, 2026placeholder alt text
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