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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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Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

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Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows

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

Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

3

Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent shows
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Tom Hale, CEO of Oura
Why Oura delayed its IPO

Oura, the smart ring maker, cited “uncertainty” as its reason for delaying its much-anticipated public offering.

By Allie GarfinkleOctober 7, 2026
Pete Hegseth, US secretary of defense, during an address at Marine Corps Base Quantico in Quantico, Virginia, on Sept. 30, 2026. (Photo: Stefani Reynolds/Bloomberg/Getty Images)
What militaries could do with AI ‘keeps me up at night,’ OpenAI exec says
By Andrew NuscaOctober 7, 2026
Side-by-side photos of OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei
AI is heading toward a cash-flow negative inflection point, and spending will slow in 2027, Wall Street thinks
By Jim EdwardsOctober 7, 2026
Inside Christina Zhu’s strategy for Walmart’s $24.6 billion China business
Inside Christina Zhu’s strategy for Walmart’s $24.6 billion China business
By Emma HinchliffeOctober 6, 2026
Saudi’s economic transformation collides with war and falling FDI 
Saudi’s economic transformation collides with war and falling FDI 
By Melissa HancockOctober 7, 2026
Bayer’s CEO cut manager ranks by 70%. Now comes the hard part
Bayer’s CEO cut manager ranks by 70%. Now comes the hard part
By Diane BradyOctober 7, 2026
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Boards are hiring retired CEOs as succession pipelines run dry
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Boards are hiring retired CEOs as succession pipelines run dry
By Phil WahbaAugust 7, 2026
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    Sports teams have gone from trophies to trillion-dollar investment targets
    By Allie GarfinkleJuly 31, 2026
Donald Trump walking.
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Washington is keeping its AI rulebook private. Smaller AI labs aren’t happy.
By Beatrice NolanAugust 6, 2026
Introducing Fortune Daily, a new type of business show
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Introducing Fortune Daily, a new type of business show
By Ellie AustinAugust 6, 2026
Iran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees
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Iran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees
By Jim EdwardsAugust 6, 2026
eBay CEO Jamie Iannone’s playbook embraces Gen Z and a cautious approach to AI
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eBay CEO Jamie Iannone’s playbook embraces Gen Z and a cautious approach to AI
By Diane BradyAugust 6, 2026
Bridgit Mendler, co-founder and CEO of Northwood, at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
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Northwood Space’s Bridgit Mendler on the next chapter for space startups
By Allie GarfinkleAugust 6, 2026
  • Apple CEO Tim Cook on June 08, 2026 in Cupertino, California. (Photo: Justin Sullivan/Getty Images)
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    Tim Cook takes his final earnings call as Apple feels the supply pain
    By Andrew NuscaJuly 31, 2026
Demis Hassabis, co-founder and CEO of Google DeepMind, in Seoul, South Korea on April 29, 2026. (Photo: Chris Jung/NurPhoto/Getty Images)
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A sudden shakeup at Google DeepMind
By Andrew NuscaAugust 6, 2026
CeBIT Technology Fair
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Hitachi America’s CIO says the Japanese conglomerate’s enterprise AI strategy isn’t one-size-fits-all
By John KellAugust 5, 2026
On SpaceX’s first earnings call, Elon Musk argues his plans aren’t ‘sci-fi’ while No. 2 exec Gwynne Shotwell explains what the company is doing here on Earth
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On SpaceX’s first earnings call, Elon Musk argues his plans aren’t ‘sci-fi’ while No. 2 exec Gwynne Shotwell explains what the company is doing here on Earth
By Emma HinchliffeAugust 5, 2026
Photo: the Strait of Hormuz.
Newsletters
A deal with Iran on the Strait of Hormuz—with a truckload of caveats—could come as soon as today
By Jim EdwardsAugust 5, 2026
Bill Ackman’s next big bet is convincing Americans to fall back in love with capitalism
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Bill Ackman’s next big bet is convincing Americans to fall back in love with capitalism
By Alyson ShontellAugust 5, 2026
  • Photo: Kevin Warsh
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    ‘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
Noa Khamallah smiles in a white polo with his hands in his pockets
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Noa Khamallah was a street kid and convict. Now his $10 million fund is taking on mega-VCs
By Lily Mae LazarusAugust 5, 2026
SpaceX president Gwynne Shotwell during the company's initial public offering (IPO) in New York, on June 12, 2026. (Photo: Michael Nagle/Bloomberg/Getty Images)
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What happened in SpaceX’s first earnings report as a public company
By Andrew NuscaAugust 5, 2026
OpenAI president Greg Brockman: We ‘contort’ ourselves around computers, clicking and typing is a ‘phase’
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OpenAI president Greg Brockman: We ‘contort’ ourselves around computers, clicking and typing is a ‘phase’
By Emily ForliniAugust 4, 2026
Fidji Simo had to leave OpenAI. But she’s still building a business that could find cures to chronic diseases that affect women like her
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Fidji Simo had to leave OpenAI. But she’s still building a business that could find cures to chronic diseases that affect women like her
By Emma HinchliffeAugust 4, 2026
from right to left: Javi Palafox, Pablo Palafox, and Luis Paarup stand and smile
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HappyRobot is worth $1.2 billion. Its founder says it’s just ‘getting started’
By Lily Mae LazarusAugust 4, 2026
Visa CEO Ryan McInerney, left, with wife Angela in Sun Valley, Idaho, on July 10, 2026. (Photo: David Paul Morris/Bloomberg/Getty Images)
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Why Visa is willing to spend $2.4 billion on BioCatch
By Andrew NuscaAugust 4, 2026
Photo: Sam Altman
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Sam Altman’s OpenAI publishes brutal critique of Apple lawsuit: ‘Apple is getting this wrong’
By Jim EdwardsAugust 4, 2026
Could a UN-backed plan to reopen Hormuz break the deadlock? 
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Could a UN-backed plan to reopen Hormuz break the deadlock? 
By Melissa HancockAugust 4, 2026
The radical idea behind Barnes & Noble’s surprising comeback
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The radical idea behind Barnes & Noble’s surprising comeback
By Phil WahbaAugust 4, 2026
A record 34 women now run Fortune Global 500 companies. That’s still just 6.8%
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A record 34 women now run Fortune Global 500 companies. That’s still just 6.8%
By Emma HinchliffeAugust 3, 2026
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One bad pay decision can cost a company more than $10,000 per employee, new research finds
By Kristin StollerAugust 3, 2026
As Amazon pours billions into AI, Jeff Bezos says the real edge lies in what won’t change
C-Suite
As Amazon pours billions into AI, Jeff Bezos says the real edge lies in what won’t change
By Ruth UmohAugust 3, 2026
Circle bought 1,000 IBM blockchain patents. Nothing good can come of that
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Circle bought 1,000 IBM blockchain patents. Nothing good can come of that
By Jeff John RobertsAugust 3, 2026
Wall Street shrugs off global slump as Trump promises (yet another) imminent deal with Iran
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Wall Street shrugs off global slump as Trump promises (yet another) imminent deal with Iran
By Jim EdwardsAugust 3, 2026
Ikea’s AI bot didn’t replace workers. It made them more valuable
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Ikea’s AI bot didn’t replace workers. It made them more valuable
By Diane BradyAugust 3, 2026
To power AI, Khosla and a16z bet this startup can reinvent mining
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To power AI, Khosla and a16z bet this startup can reinvent mining
By Allie GarfinkleAugust 3, 2026
Eddie Wu Yongming, CEO of Alibaba, in Hangzhou in east China's Zhejiang province on Sept. 24, 2025. (Photo: Xu Kangping/Feature China/Future Publishing/Getty Images)
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Is Alibaba’s Qwen3.8-Max China’s next top AI model?
By Andrew NuscaAugust 3, 2026
Fortune Archives: The oil boom that never ended
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Fortune Archives: The oil boom that never ended
By Indrani SenAugust 2, 2026
What every founder can learn from Reformation’s $211 million IPO
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What every founder can learn from Reformation’s $211 million IPO
By Emma HinchliffeJuly 31, 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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Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida propertiesplaceholder alt text
By Catherina GioinoOctober 6, 2026
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Retired Warren Buffett now spends his evenings glued to YouTube—watching Glenn Close clips, 1950s commercials, and Uzbekistani talent showsplaceholder alt text
By Preston ForeOctober 6, 2026
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