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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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A test of Anduril's Altius drone.
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Defense tech could be entering its awkward teenage years. Is the boom a bubble?
By Allie GarfinkleJuly 2, 2026
  • VivaTech entrance in Paris.
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    Europe’s AI wake-up call: Cybersecurity threats, sovereignty fears, and a growing demand for ROI dominated VivaTech
    By Beatrice NolanJune 25, 2026
The true cost of Donald Trump’s $2.2 billion year
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The true cost of Donald Trump’s $2.2 billion year
By Diane BradyJuly 2, 2026
Meta CEO Mark Zuckerberg (left) and CTO Andrew "Boz" Bosworth in Menlo Park, California, on Wednesday, Sept. 17, 2025. (Photo: David Paul Morris/Bloomberg/Getty Images)
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Meta prepares to join the cloud infrastructure fray
By Andrew NuscaJuly 2, 2026
Sam Altman seeks new world order for AI as OpenAI slowly loses ground to Google and Anthropic 
AI
Sam Altman seeks new world order for AI as OpenAI slowly loses ground to Google and Anthropic 
By Jim EdwardsJuly 2, 2026
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
Newsletters
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
By John KellJuly 1, 2026
Exclusive: A VC firm backed by Melinda French Gates just closed a $46 million fund to invest in caregiving
Newsletters
Exclusive: A VC firm backed by Melinda French Gates just closed a $46 million fund to invest in caregiving
By Emma HinchliffeJuly 1, 2026
  • Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
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    Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
    By Allie GarfinkleJune 25, 2026
Photo: Rocks balancing on driftwood, sea in background.
AI
Leveraged stock bets are ‘very concentrated in the AI ecosystem,’ Goldman Sachs warns
By Jim EdwardsJuly 1, 2026
The Supreme Court’s birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court’s birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
Microsoft CEO Satya Nadella on April 23, 2026 in Sydney, Australia. (Photo: George Chan/Getty Images)
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Microsoft may cut thousands more jobs in a bid to control costs
By Andrew NuscaJuly 1, 2026
Image of colored bar charts with one being pushed up.
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AI is minting billion-dollar companies faster than before
By Beatrice NolanJune 30, 2026
Meet the only Black woman chair of the board in the Fortune 500
Newsletters
Meet the only Black woman chair of the board in the Fortune 500
By Emma HinchliffeJune 30, 2026
  • A 6 year study shows which CEOs are pushing RTO mandates: The ones with the biggest egos
    Newsletters
    A 6 year study shows which CEOs are pushing RTO mandates: The ones with the biggest egos
    By Claire ZillmanJune 25, 2026
The VCs betting founders need a village, not a blank check
Newsletters
The VCs betting founders need a village, not a blank check
By Allie GarfinkleJune 30, 2026
Mark Zuckerberg, CEO of Meta
Economy
AI stocks are in an ‘air pocket’ and Meta and Microsoft are being traded like ‘bear market names that cannot be owned,’ top analyst says
By Jim EdwardsJune 30, 2026
Gulf bond markets extend their rally despite uncertain outlook
Newsletters
Gulf bond markets extend their rally despite uncertain outlook
By Melissa HancockJune 30, 2026
A close-up view of a woman wearing a striped shirt and jeans, sitting and using a smartphone with one hand in a casual setting.
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U.S. Supreme Court limits use of ‘geofence’ warrants
By Andrew NuscaJune 30, 2026
Why Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla
Newsletters
Why Rivian CEO RJ Scaringe wants his EV company to be compared to Apple, not Tesla
By Diane BradyJune 30, 2026
Lisa Cook and E. Jean Carroll win against Trump at the Supreme Court
Newsletters
Lisa Cook and E. Jean Carroll win against Trump at the Supreme Court
By Emma HinchliffeJune 29, 2026
Coworkers watching World Cup at a bar
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How smart employers are turning the World Cup into a workplace win
By Emma BurleighJune 29, 2026
The sell-off in Strategy’s preferred stock has investors questioning everything
Newsletters
The sell-off in Strategy’s preferred stock has investors questioning everything
By Ben WeissJune 29, 2026
As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
C-Suite
As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
By Ruth UmohJune 29, 2026
Photo: Kevin Warsh
Economy
President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards
By Jim EdwardsJune 29, 2026
CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher
Newsletters
CEOs have forgotten the moderate playbook. The stakes for relearning it have never been higher
By Diane BradyJune 29, 2026
The Google Midlothian Data Center in Midlothian, Texas, on Friday, Nov. 14, 2025. Alphabet's Google plans to invest $40 billion in three new Texas data centers. (Photo: Jonathan Johnson/Bloomberg/Getty Images)
Newsletters
Google: Thank you Meta! But your AI capacity is in another data center!
By Andrew NuscaJune 29, 2026
Fortune Archives: “Irrational exuberance”: Alan Greenspan’s warning, then and now
Newsletters
Fortune Archives: “Irrational exuberance”: Alan Greenspan’s warning, then and now
By Nick LichtenbergJune 28, 2026
What Marianne Lake’s exit from the race to succeed Jamie Dimon at JPMorgan tells us about women’s leadership
Newsletters
What Marianne Lake’s exit from the race to succeed Jamie Dimon at JPMorgan tells us about women’s leadership
By Emma HinchliffeJune 26, 2026
Exclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto
Newsletters
Exclusive: Framework Ventures raises $400 million for fourth fund as firm expands beyond crypto
By Ben WeissJune 26, 2026
MacBook Neo laptop computers during an Apple event in New York on Wednesday, March 4, 2026. (Photo: Adam Gray/Bloomberg/Getty Images)
Newsletters
Apple loses its iron grip on pricing power
By Andrew NuscaJune 26, 2026
Photo: Sam Altman
Economy
‘Memory supply crisis’: Wall Street triggers huge selloff in fear of looming chip shortages
By Jim EdwardsJune 26, 2026
Two former governors launch a bipartisan coalition to confront the coming AI jobs shock
Newsletters
Two former governors launch a bipartisan coalition to confront the coming AI jobs shock
By Diane BradyJune 26, 2026
Exclusive: Hera raises $27 million to tackle the unpaid caregiving that falls on daughters of the sandwich generation
Newsletters
Exclusive: Hera raises $27 million to tackle the unpaid caregiving that falls on daughters of the sandwich generation
By Emma HinchliffeJune 25, 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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