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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
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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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Success
A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk’s reply: ‘I am actually going to do something along these lines’
By Sydney LakeJuly 27, 2026
Bank of America, Chipotle, Dell, and Uber are chipping in on Trump Accounts for their workers’ kids—but most companies are sitting it out
Personal Finance
Bank of America, Chipotle, Dell, and Uber are chipping in on Trump Accounts for their workers’ kids—but most companies are sitting it out
By Courtney Vinopal and HR BrewJuly 27, 2026
Palantir spent $17.2 million flying its CEO Alex Karp around in 2025. It’s part of a private-jet boom sweeping the C-suite
C-Suite
Palantir spent $17.2 million flying its CEO Alex Karp around in 2025. It’s part of a private-jet boom sweeping the C-suite
By Sam Klebanov and Morning BrewJuly 27, 2026
Elon Musk’s vision of a post-money future got mocked. Vinod Khosla warns it could become a dystopia instead
AI
Elon Musk’s vision of a post-money future got mocked. Vinod Khosla warns it could become a dystopia instead
By Nick LichtenbergJuly 27, 2026
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Arts & Entertainment
LeBron James joins California’s billionaire exodus, but he may not escape the wealth tax
By Nick LichtenbergJuly 27, 2026
People at dinner table paying the bill
Personal Finance
About half of Gen Z owe their friends more than $1,000, while nearly another half goes into debt to cover group expenses they expect to be repaid
By Catherina GioinoJuly 27, 2026
magic
Retail
What Magic: The Gathering’s record year reveals about America’s stalled adulthood economy
By Nick LichtenbergJuly 27, 2026
Steve Witkoff walks in front of a car dressed in suit and tie with his phone in his hand and his jacket draped over his arm.
Crypto
A VC says he declined to join the Trump family’s crypto venture after cofounder Steve Witkoff couldn’t pronounce ‘memecoin’
By Camila Grigera NaónJuly 27, 2026
cb
C-Suite
Cracker Barrel CEO steps down nearly a year after logo change inflamed Trump country
By Dee-Ann Durbin and The Associated PressJuly 27, 2026
Dario Amodei looking to the side.
AI
A trove of users’ seemingly private conversations with Anthropic’s Claude AI chatbot showed up in Google search results
By Beatrice NolanJuly 27, 2026
guano
Energy
The Strait of Hormuz isn’t fertilizer’s first starring role — an 1856 law still defines U.S. overseas territory
By Edward D. Melillo and The ConversationJuly 27, 2026
t
North America
The new Air Force One controversy is really about a 90-year power struggle over presidential travel
By Peter Kastor and The ConversationJuly 27, 2026
The war between competing AI models could end up more like Apple vs. Android than VHS vs. Betamax
AI
The war between competing AI models could end up more like Apple vs. Android than VHS vs. Betamax
By Jason MaJuly 27, 2026
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C-Suite
Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
By Nick LichtenbergJuly 27, 2026
Workers help a traveler at a Trip.com tabling session booth.
Big Tech
Trip.com struck with $765 million penalty from China over monopoly allegations
By The Associated PressJuly 27, 2026
Photo of Oprah Winfrey
Success
Oprah Winfrey says ‘Life starts at 44’—and research proves she’s right: The average founder starts their business after 40
By Emma BurleighJuly 27, 2026
A fan is pointed towards a classroom full of students in a school.
Environment
Rising temperatures are putting students at risk of heat-related illnesses, and schools are scrambling to adapt
By The Conversation, Allison Poulos and Jennifer VanosJuly 27, 2026
A small Brown-eared Bulbul bird perches on a branch in a tree.
Health
Sit back and watch the birds—your health will thank you, data shows
By The Conversation and Jennifer G. AndrewsJuly 27, 2026
U.S. to reopen border to Mexican cattle imports after screwworm ban
North America
U.S. to reopen border to Mexican cattle imports after screwworm ban
By The Associated PressJuly 27, 2026
U.N. chief urges global support for Syria during first Damascus visit since Assad’s fall
North America
U.N. chief urges global support for Syria during first Damascus visit since Assad’s fall
By GHAITH ALSAYED and The Associated PressJuly 27, 2026
Canadian intern at NATO’s military headquarters arrested on espionage charges
North America
Canadian intern at NATO’s military headquarters arrested on espionage charges
By Sam McNeil and The Associated PressJuly 27, 2026
Photo of man walking past anti-U.S. graffit "Down with USA" in Tehran
Asia
U.S. and Iran edge toward talks as Hormuz shipping hits three-week low, regional officials say
By The Associated Press, Samy Magdy and Elena BecatorosJuly 27, 2026
Photo of a New Yorker mother
Economy
Fuel prices stemming from a war in Iran is reshaping daily life for people in the U.S. and Chile to Turkey and Nepal
By The Associated Press and Aniruddha GhosalJuly 27, 2026
t
Economy
‘Kryptonite to November voters’: Trump’s Michigan visit puts the GOP’s dilemma on display
By Will Weissert and The Associated PressJuly 27, 2026
econ
Asia
A Chinese chip maker’s shares surged 466% in their first day of trading as AI boom worm turns
By Chan Ho-Him and The Associated PressJuly 27, 2026
canada
Economy
Canada’s awkward tariff summer: Gordie Howe Bridge opens for traffic a week after Michigan and White House officials got uninvited
By The Associated PressJuly 27, 2026
f
Environment
‘It looked like the apocalypse’: France’s summer of deadly heat turns into a wildfire that is making its own lightning
By Mark Carlson, Emma Da Silva, John Leicester and The Associated PressJuly 27, 2026
Capital One’s MLB partnership is turning fan experiences into long-term customer value
Banking
Capital One’s MLB partnership is turning fan experiences into long-term customer value
By Sheryl EstradaJuly 27, 2026
trump
Commentary
In the Age of Big Players, $100,000 buys you a head start on Trump’s mood
By Steve H. Hanke and Roger KopplJuly 27, 2026
bibi
Politics
Netanyahu accuses Mamdani of ‘fomenting hate,’ saying ‘he’s supposed to the mayor of all New Yorkers’ — waving off ICC war crimes charges
By Lisa Mascaro and The Associated PressJuly 27, 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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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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