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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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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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$5 meals, $6 combos, and fewer visits: McDonald’s barrage of deals isn’t winning customers back

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Current price of oil as of October 7, 2026
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Female Founders Fund is changing its strategy to get a bigger stake in the AI boom
Female Founders Fund is changing its strategy to get a bigger stake in the AI boom

The early-stage VC firm is loosening its ownership targets to “get access to category-defining female founders” in AI.

By Emma HinchliffeOctober 7, 2026
Dropbox’s CTO wants every employee at the cloud-storage company to use AI. He’s letting them find their own ways to use it
Dropbox’s CTO wants every employee at the cloud-storage company to use AI. He’s letting them find their own ways to use it
By John KellOctober 7, 2026
Tom Hale, CEO of Oura
Why Oura delayed its IPO
By Allie GarfinkleOctober 7, 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
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
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Kim Ng broke barriers in baseball. Now she’s giving pro softball its biggest stage yet
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Kim Ng broke barriers in baseball. Now she’s giving pro softball its biggest stage yet
By Emma HinchliffeJuly 24, 2026
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    Agentic commerce is coming—and the battle to build its infrastructure is on
    By Diane BradyJuly 20, 2026
Inside Larry Culp’s playbook for fixing GE
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Inside Larry Culp’s playbook for fixing GE
By Sheryl EstradaJuly 24, 2026
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Neo raises $100 million to hunt the zombie AI agents haunting your company
By Amanda GerutJuly 24, 2026
U.S. Rep. Ted Lieu (D-CA) during the Democratic National Convention on August 22, 2024 in Chicago, Illinois. (Photo: Justin Sullivan/Getty Images)
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An ‘AI Kill Switch Act,’ engaged
By Andrew NuscaJuly 24, 2026
Photo: President Trump.
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Trump weighs ‘massive attack’ on Iran as Tehran’s chokehold on oil gets tighter
By Jim EdwardsJuly 24, 2026
From near-collapse to $689 billion: Inside Larry Culp’s turnaround of GE
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From near-collapse to $689 billion: Inside Larry Culp’s turnaround of GE
By Shawn TullyJuly 24, 2026
  • Fortune Archives: The donut that conquered America
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    Fortune Archives: The donut that conquered America
    By Indrani SenJuly 19, 2026
OpenAI Sam Altman sitting on a chair waving.
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AI labs have a trust problem, and the Hugging Face hack just proved it
By Beatrice NolanJuly 23, 2026
Inside Martha Stewart’s latest startup—and the idea she’s been waiting decades to build
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Inside Martha Stewart’s latest startup—and the idea she’s been waiting decades to build
By Emma HinchliffeJuly 23, 2026
AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council
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AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council
By Sheryl EstradaJuly 23, 2026
Moonshot, DeepSeek, and the Great Chinese AI IPO Rush
Startups & Venture
Moonshot, DeepSeek, and the Great Chinese AI IPO Rush
By Nicholas GordonJuly 23, 2026
Sundar Pichai
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Google just posted the biggest quarterly profit ever—$112 billion—and Wall Street is punishing it for doing so
By Jim EdwardsJuly 23, 2026
  • Off Season began with viral NFL jackets. Now Kristin Juszczyk is building a company designed to outlast any one sports season
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    Off Season began with viral NFL jackets. Now Kristin Juszczyk is building a company designed to outlast any one sports season
    By Emma HinchliffeJuly 17, 2026
White House Office of Science and Technology Policy Director Michael Kratsios on June 22, 2026 in Washington, D.C. (Photo: Andrew Harnik/Getty Images)
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Anthropic Fable, Moonshot K3, and AI’s growing ‘industrial distillation’ problem
By Andrew NuscaJuly 23, 2026
CEOs agree there’s an affordability crisis, but how to solve it isn’t so simple
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CEOs agree there’s an affordability crisis, but how to solve it isn’t so simple
By Diane BradyJuly 23, 2026
Inside Flavor Flav’s unlikely effort to help female Olympians build their brands and careers
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Inside Flavor Flav’s unlikely effort to help female Olympians build their brands and careers
By Ellie AustinJuly 22, 2026
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Beyond SpaceX: Why great IPOs depend on more than first-day demand
By Sheryl EstradaJuly 22, 2026
Photo: Sam Altman
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AI world stunned by OpenAI model that secretly escaped secure environment and hacked into a rival company
By Jim EdwardsJuly 22, 2026
Samsung’s North America CEO says the smartphone is just an entry point to ambient AI of the home
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Samsung’s North America CEO says the smartphone is just an entry point to ambient AI of the home
By Diane BradyJuly 22, 2026
Hugging Face CEO Clément Delangue (center) on Capitol Hill on September 13, 2023 in Washington, D.C. (Photo: Chip Somodevilla/Getty Images)
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OpenAI: Our models accidentally compromised Hugging Face
By Andrew NuscaJuly 22, 2026
Google DeepMind CEO Demis Hassabis
AI
A FINRA for AI? The idea from Google DeepMind CEO Demis Hassabis is gaining momentum. But is it any good?
By Jeremy KahnJuly 21, 2026
Exclusive: Twin sisters built GlossGenius into the latest female-founded unicorn. Now they’re debuting AI for small businesses far beyond beauty
Newsletters
Exclusive: Twin sisters built GlossGenius into the latest female-founded unicorn. Now they’re debuting AI for small businesses far beyond beauty
By Emma HinchliffeJuly 21, 2026
Photo: President Trump.
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Iran calls for ‘full-scale war’ but behind the scenes a peace proposal might reopen the Strait of Hormuz—if Trump can stomach it
By Jim EdwardsJuly 21, 2026
Shipping transits slow to a trickle as Strait of Hormuz faces “worst-case scenario” 
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Shipping transits slow to a trickle as Strait of Hormuz faces “worst-case scenario” 
By Melissa HancockJuly 21, 2026
United Airlines’ growth strategy is all about selling customers a better version of what they already buy
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United Airlines’ growth strategy is all about selling customers a better version of what they already buy
By Phil WahbaJuly 21, 2026
Yang Zhilin, co-founder of Moonshot AI, in Beijing, China on March 25, 2026. (Photo: VCG/Getty Images)
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What will the White House do about China’s new open weight AI models?
By Andrew NuscaJuly 21, 2026
Forget ‘baby bonuses.’ Nobel Laureate Claudia Goldin says birth rates hinge on dependable fathers
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Forget ‘baby bonuses.’ Nobel Laureate Claudia Goldin says birth rates hinge on dependable fathers
By Emma HinchliffeJuly 20, 2026
Coinbase’s big Base mistake offers an important lesson for the crypto industry
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Coinbase’s big Base mistake offers an important lesson for the crypto industry
By Jeff John RobertsJuly 20, 2026
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HR has a credibility problem—and it starts with not speaking the language of finance
By Kristin StollerJuly 20, 2026
C-suite promotions now come with three or more jobs
C-Suite
C-suite promotions now come with three or more jobs
By Ruth UmohJuly 20, 2026
‘Harvest now, decrypt later’: Hackers are stealing data they can’t even read yet—banking on quantum computers to crack it later
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‘Harvest now, decrypt later’: Hackers are stealing data they can’t even read yet—banking on quantum computers to crack it later
By Jim EdwardsJuly 20, 2026
Tarek Mansour, co-founder of Kalshi, in Washington, D.C. on Sept. 29, 2025. (Photo: Kent Nishimura/Bloomberg/Getty Images)
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Thanks to $5.7 billion in Kalshi and Polymarket bets, FIFA’s World Cup final may be ‘the largest gambling event in history’
By Andrew NuscaJuly 20, 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
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