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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
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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
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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
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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Europe has an electrification target. Here’s how it can become a competitive advantage
Commentary
Europe has an electrification target. Here’s how it can become a competitive advantage
By Andreas SchierenbeckJuly 27, 2026
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Arts & Entertainment
Highbrow box-office king Christopher Nolan seals biggest second weekend ever with $87 million haul for ‘The Odyssey’
By Lindsey Bahr and The Associated PressJuly 27, 2026
Building with Chase/J.P.Morgan signage
Newsletters
Bank-run blockchains are back in style—but history suggests they will be a bust
By Jeff John RobertsJuly 27, 2026
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AI
Meet the American techies who don’t care where ‘good enough’ AI models come from, even China
By Chan Ho-Him, Matt O'Brien and The Associated PressJuly 27, 2026
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Arts & Entertainment
‘It’s in the can, bro’: Marvel wants you to think RDJ and Ryan Reynolds are only sharing the stage at Comic Con
By Leslie Ambriz and The Associated PressJuly 27, 2026
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Law
Small businesses immediately sue Trump over new tariff regime
By Mae Anderson and The Associated PressJuly 27, 2026
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Politics
After Trump launched war on Iran, hiked inflation through tariffs, Johnson labels election ‘common sense vs. communism’
By Lisa Mascaro and The Associated PressJuly 27, 2026
shapiro
Politics
The midterms may come down to just 20 House races, including ‘the swingiest swing state’: Pennsylvania
By Mike Catalini and The Associated PressJuly 27, 2026
President Donald Trump makes an announcement on American nuclear innovation in the Oval Office at the White House on July 24, 2026 in Washington, DC.
Economy
Trump can’t stop shooting himself in the foot, as the stage looks set once again for Warsh to hold—if not hike—interest rates
By Eleanor PringleJuly 27, 2026
Apple’s next CEO helped build its hardware empire. Now he has to find its next breakthrough
C-Suite
Apple’s next CEO helped build its hardware empire. Now he has to find its next breakthrough
By Ruth UmohJuly 27, 2026
Europe’s employers face a new challenge—keeping workers safe during heatwaves
Magazine
Europe’s employers face a new challenge—keeping workers safe during heatwaves
By Oliver BalchJuly 27, 2026
Top CD rates from major banks July 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on July 27, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJuly 27, 2026
Current price of Ethereum for July 27, 2026
Personal Finance
Current price of Ethereum for July 27, 2026
By Joseph HostetlerJuly 27, 2026
Current price of Bitcoin for July 27, 2026
Personal Finance
Current price of Bitcoin for July 27, 2026
By Joseph HostetlerJuly 27, 2026
How an ex-AWS scientist plans to take on OpenAI and Meta in voice AI models
Startups & Venture
How an ex-AWS scientist plans to take on OpenAI and Meta in voice AI models
By Sebastian HerreraJuly 27, 2026
Current price of oil as of July 27, 2026
Personal Finance
Current price of oil as of July 27, 2026
By Joseph HostetlerJuly 27, 2026
Photo: President Trump
Newsletters
Stocks rise globally on hopes of peace talks with Iran—but the Fed may deliver a shock on Wednesday
By Jim EdwardsJuly 27, 2026
Photo of downtown Seattle
Real Estate
One-third of Seattle’s downtown is empty: Here’s how America’s boomtown turned into one of the toughest places to find a job
By Nick LichtenbergJuly 27, 2026
Photo of a concerned-looking woman on her phone
Success
CEO of the top-rated hiring platform says the job market is so bad that candidates are paying $20 to mass apply and driving bosses crazy with spam
By Orianna Rosa RoyleJuly 27, 2026
Woman holding a Pickle bag getting out of a taxi
Retail
New York City women are making up to $30,000 per month by renting out their closets to strangers
By Sarah GlodekJuly 27, 2026
Man in a polo shirt gives a thumbs up
Big Tech
Amazon and Microsoft are spending $400 billion on AI—and investors are low on patience
By Amanda GerutJuly 27, 2026
Money usually wins elections. Billionaires have already poured $433 million into the 2026 midterms—and 80% of it is going to Republicans
Politics
Money usually wins elections. Billionaires have already poured $433 million into the 2026 midterms—and 80% of it is going to Republicans
By Sydney LakeJuly 27, 2026
xi
AI
China is using the steel playbook on AI—and America’s tech billionaires are standing in the blast zone
By Nick LichtenbergJuly 27, 2026
the world
Economy
McKinsey: Global households got $40 trillion richer in 2025 as the paper wealth economy swelled to $1.8 quadrillion
By Nick LichtenbergJuly 27, 2026
arvind
Future of Work
AI and the ‘skinny hamburger, fat bun’ problem — why the future of work needs to look more like a pizza
By Nick LichtenbergJuly 27, 2026
Kospi index and U.S. stock futures jump as new Hormuz talks send oil prices plunging amid Iran war pause while Wall Street awaits Fed meeting
Economy
Kospi index and U.S. stock futures jump as new Hormuz talks send oil prices plunging amid Iran war pause while Wall Street awaits Fed meeting
By Jason MaJuly 26, 2026
U.S. appeals court upholds block on Trump’s order to create a federal list of eligible voters and limit mail-in ballots only to people on that list
Politics
U.S. appeals court upholds block on Trump’s order to create a federal list of eligible voters and limit mail-in ballots only to people on that list
By Russ Bynum and The Associated PressJuly 26, 2026
U.S. troops killed recently were moved from the Iran war death toll to ‘overseas operations’ after the Pentagon claimed ‘temporary data disruptions’
Politics
U.S. troops killed recently were moved from the Iran war death toll to ‘overseas operations’ after the Pentagon claimed ‘temporary data disruptions’
By Konstantin Toropin and The Associated PressJuly 26, 2026
China’s Moonshot, Z.AI, and DeepSeek are challenging U.S. AI labs—and beating them on cost
Magazine
China’s Moonshot, Z.AI, and DeepSeek are challenging U.S. AI labs—and beating them on cost
By Nicholas GordonJuly 26, 2026
Mideast oil may soon have no way out amid ‘everything everywhere all at once’ wars, but the crisis in refined products is even worse
Middle East
Mideast oil may soon have no way out amid ‘everything everywhere all at once’ wars, but the crisis in refined products is even worse
By Jason MaJuly 26, 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
North America
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
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
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