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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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Anthropic’s SpaceX compute deal comes as AI data center backlash grows—fueled by both real grievances and conspiracy theories
Newsletters
Anthropic’s SpaceX compute deal comes as AI data center backlash grows—fueled by both real grievances and conspiracy theories
By Sharon GoldmanMay 7, 2026
  • Meta's Hyperion data-center site in Northeastern Louisiana.
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    Big Tech will spend nearly $700 billion on AI this year. No one knows where the buildout ends
    By Sharon GoldmanApril 30, 2026
Serious and pensive business woman behind paper work inside office, female financier worker thinks about contracts and reports with charts and graphs, hispanic successful woman uses laptop at work
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CFOs are worried about geopolitics and inflation. But they’re still chasing growth
By Sheryl EstradaMay 7, 2026
Exclusive: Gusto crosses $1 billion in 12-month trailing revenue
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Exclusive: Gusto crosses $1 billion in 12-month trailing revenue
By Allie GarfinkleMay 7, 2026
President Donald Trump after signing executive orders in the Oval Office of the White House on April 30, 2026 in Washington, D.C. (Photo: Andrew Harnik/Getty Images)
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Trump’s AI policies sound oh so familiar
By Andrew NuscaMay 7, 2026
Silicon Valley’s ‘player‑coach’ fantasy misses the point of good managers
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Silicon Valley’s ‘player‑coach’ fantasy misses the point of good managers
By Diane BradyMay 7, 2026
New execs to know across Bath & Body Works, the Ms. Foundation, and Atlanta’s new NWSL team
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New execs to know across Bath & Body Works, the Ms. Foundation, and Atlanta’s new NWSL team
By Emma HinchliffeMay 6, 2026
  • The Tory Burch Foundation is almost halfway to its $1 billion goal for women entrepreneurs
    Newsletters
    The Tory Burch Foundation is almost halfway to its $1 billion goal for women entrepreneurs
    By Emma HinchliffeApril 30, 2026
How Wyndham scales AI to improve hospitality at 8,400 hotels
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How Wyndham scales AI to improve hospitality at 8,400 hotels
By John KellMay 6, 2026
How Amex CEO Stephen Squeri is winning over younger customers
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How Amex CEO Stephen Squeri is winning over younger customers
By Sheryl EstradaMay 6, 2026
District, founded by three Snapchat alumni, raises a $14.7 million seed round to help independent sellers build community-driven marketplaces
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District, founded by three Snapchat alumni, raises a $14.7 million seed round to help independent sellers build community-driven marketplaces
By Allie GarfinkleMay 6, 2026
Qualcomm CEO Cristiano Amon thinks your relationship to your devices is about to change
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Qualcomm CEO Cristiano Amon thinks your relationship to your devices is about to change
By Alyson ShontellMay 6, 2026
Coinbase co-founder and CEO Brian Armstrong in Davos, Switzerland, on Jan. 20, 2026. (Photo: Chris Ratcliffe/Bloomberg/Getty Images)
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The rise of the Silicon Valley player-coach
By Andrew NuscaMay 6, 2026
  • The startup that wants to give surgeons X-ray vision
    Newsletters
    The startup that wants to give surgeons X-ray vision
    By Allie GarfinkleApril 30, 2026
OpenAI cofounder and president Greg Brockman (left) and cofounder and CEO Sam Altman (right) dressed in suits and walking through the lobby of a court house.
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Musk’s court fight against OpenAI produces more heat than light on the control of advanced AI
By Jeremy KahnMay 5, 2026
Women’s sports is booming—but a new divide is taking shape
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Women’s sports is booming—but a new divide is taking shape
By Emma HinchliffeMay 5, 2026
84% of S&P 500 companies have beaten earnings estimates this quarter—and these two words keep coming up
Newsletters
84% of S&P 500 companies have beaten earnings estimates this quarter—and these two words keep coming up
By Sheryl EstradaMay 5, 2026
Sequoia-backed Astrocade raises $56 million to let everyone build games
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Sequoia-backed Astrocade raises $56 million to let everyone build games
By Allie GarfinkleMay 5, 2026
President Donald Trump in Washington, D.C. on May 4, 2026. (Photo: Kent Nishimura/AFP/Getty Images)
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Trump may seek to review AI models before launch
By Andrew NuscaMay 5, 2026
A jittery CEO crowd at Milken looks abroad for growth—and answers
Newsletters
A jittery CEO crowd at Milken looks abroad for growth—and answers
By Diane BradyMay 5, 2026
How ShopMy’s relentless focus on product-market fit turned the shopping disruptor into a $1.5 billion unicorn
Newsletters
How ShopMy’s relentless focus on product-market fit turned the shopping disruptor into a $1.5 billion unicorn
By Emma HinchliffeMay 4, 2026
Frustrated job seeker on laptop
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Nearly 4 in 10 job candidates have bailed on a hiring round because it required an AI interview
By Emma BurleighMay 4, 2026
The crypto industry is obsessed with conferences. The vibe at them is changing
Newsletters
The crypto industry is obsessed with conferences. The vibe at them is changing
By Jeff John RobertsMay 4, 2026
VC firm Ethereal has avoided the spotlight for 5 years—now it’s telling its story
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VC firm Ethereal has avoided the spotlight for 5 years—now it’s telling its story
By Jeff John RobertsMay 4, 2026
Occidental Petroleum’s CEO transition puts a spotlight on the foreign post advantage
C-Suite
Occidental Petroleum’s CEO transition puts a spotlight on the foreign post advantage
By Ruth UmohMay 4, 2026
Spirit Airlines’ shutdown is a case study in what happens when a turnaround plan breaks
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Spirit Airlines’ shutdown is a case study in what happens when a turnaround plan breaks
By Sheryl EstradaMay 4, 2026
The eBay logo with a mobile phone in 2025. (Photo: Klaudia Radecka/NurPhoto/Getty Images)
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GameStop makes an unsolicited $56 billion offer for eBay
By Andrew NuscaMay 4, 2026
How Twilio CEO Khozema Shipchandler is turning the company around and beating SaaSpocalypse fears
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How Twilio CEO Khozema Shipchandler is turning the company around and beating SaaSpocalypse fears
By Diane BradyMay 4, 2026
Fortune Archives: Jerome Powell didn’t blink
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Fortune Archives: Jerome Powell didn’t blink
By Eva RoytburgMay 3, 2026
Aerie built a brand based on ‘real.’ That’s at the heart of its ‘no AI’ promise
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Aerie built a brand based on ‘real.’ That’s at the heart of its ‘no AI’ promise
By Emma HinchliffeMay 1, 2026
The fruit fly cancer researcher who built his first prototype out of lollipop sticks and straws
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The fruit fly cancer researcher who built his first prototype out of lollipop sticks and straws
By Allie GarfinkleMay 1, 2026
Apple CEO Tim Cook in Washington, D.C. on December 10, 2025. (Tom Williams/CQ-Roll Call/Getty Images)
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Tim Cook’s advice for Apple’s next CEO
By Andrew NuscaMay 1, 2026
Brian Niccol’s nascent Starbucks turnaround starts with treating workers better
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Brian Niccol’s nascent Starbucks turnaround starts with treating workers better
By Phil WahbaMay 1, 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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