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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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Current price of oil as of October 6, 2026

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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

Current price of oil as of October 6, 2026

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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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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Anthropic CEO Dario Amodei in San Francisco, California on September 15, 2026. (Photo: Benjamin Fanjoy/Getty Images)
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Pace the profits, the AI companies seemed to say
By Andrew NuscaSeptember 23, 2026
  • Sydney Sweeney’s Novig ad reveals a new fault line in sports marketing
    Newsletters
    Sydney Sweeney’s Novig ad reveals a new fault line in sports marketing
    By Emma HinchliffeSeptember 16, 2026
Retail CEOs see a holiday paradox: shoppers are anxious but still willing to spend
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Retail CEOs see a holiday paradox: shoppers are anxious but still willing to spend
By Phil WahbaSeptember 23, 2026
Trump faces Gulf pressure for diplomacy as world leaders gather in New York  
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Trump faces Gulf pressure for diplomacy as world leaders gather in New York  
By Melissa HancockSeptember 23, 2026
U.S. Treasury Secretary Scott Bessent.
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Beijing and Washington talk about an AI hotline. But who will answer the call?
By Jeremy KahnSeptember 22, 2026
The Breast Cancer Research Foundation wants to change how breast cancer research gets funded—with a $100 million venture fund
Newsletters
The Breast Cancer Research Foundation wants to change how breast cancer research gets funded—with a $100 million venture fund
By Emma HinchliffeSeptember 22, 2026
OpenAI punted. Anthropic stalled. The hottest imminent IPO fits on your finger
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OpenAI punted. Anthropic stalled. The hottest imminent IPO fits on your finger
By Allie GarfinkleSeptember 22, 2026
  • Arcee AI trained four models for $20 million. Now, it’s worth $1 billion.
    Newsletters
    Arcee AI trained four models for $20 million. Now, it’s worth $1 billion.
    By Allie GarfinkleSeptember 16, 2026
Photo: President Trump
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Suddenly, polls show the Democrats in sight of taking the Senate in the midterms
By Jim EdwardsSeptember 22, 2026
The AI race should be less about supremacy and more about sustainability
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The AI race should be less about supremacy and more about sustainability
By Diane BradySeptember 22, 2026
Amazon retail chief Doug Herrington in Mt. Juliet, Tennessee, on October 9, 2024. (Photo: Seth Herald/AFP/Getty Images)
Newsletters
Amazon and Meta exchange agentic fire
By Andrew NuscaSeptember 22, 2026
The workplace is still overlooking one of women’s most painful health conditions
Newsletters
The workplace is still overlooking one of women’s most painful health conditions
By Emma HinchliffeSeptember 21, 2026
Woman Recording Video on Smartphone at Home
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This startup is paying employees to post on LinkedIn—and solving its hiring problem
By Kristin StollerSeptember 21, 2026
  • The Gulf’s female startup ecosystem is flourishing. So, where’s the funding?  
    Newsletters
    The Gulf’s female startup ecosystem is flourishing. So, where’s the funding?  
    By Melissa HancockSeptember 16, 2026
Toast’s CMO is also its COO. Here’s how she makes room for both jobs
C-Suite
Toast’s CMO is also its COO. Here’s how she makes room for both jobs
By Ruth UmohSeptember 21, 2026
The corporate blockchain wars are heating up as Circle’s Arc goes live
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The corporate blockchain wars are heating up as Circle’s Arc goes live
By Jeff John RobertsSeptember 21, 2026
OpenAI CEO Sam Altman in San Francisco on September 15, 2026. (Photo: Benjamin Fanjoy/Getty Images)
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‘Be transparent only if asked’: Inside OpenAI’s rogue AI transcripts
By Allie GarfinkleSeptember 21, 2026
Photo: Josh Payne
Newsletters
Money-losing Nscale’s $35 billion IPO includes a $3 billion deal with Nvidia that puts ‘going concern’ worries behind it
By Jim EdwardsSeptember 21, 2026
Large rolls of cable at an electrical substation that is under construction at the site of a new QTS Eagle Mountain data center in Eagle Mountain, Utah, on Aug. 28, 2026. (Photo: George Frey/Bloomberg/Getty Images)
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The outlook for AI spending
By Andrew NuscaSeptember 21, 2026
The midterms are a stress test for American media
Newsletters
The midterms are a stress test for American media
By Diane BradySeptember 21, 2026
Fortune Archive: Valley of the dollars
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Fortune Archive: Valley of the dollars
By Nick LichtenbergSeptember 20, 2026
Alix Earle has 15 million followers, two Super Bowl commercials, and a reality show. Building her skincare brand is ‘the most rewarding thing’ she’s done
Newsletters
Alix Earle has 15 million followers, two Super Bowl commercials, and a reality show. Building her skincare brand is ‘the most rewarding thing’ she’s done
By Emma HinchliffeSeptember 18, 2026
Chair of the Taiwan Stock Exchange on the index’s near future
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Chair of the Taiwan Stock Exchange on the index’s near future
By Nicholas GordonSeptember 18, 2026
OpenAI CEO Sam Altman in San Francisco on September 15, 2026. (Photo: Benjamin Fanjoy/Getty Images)
Newsletters
The AI agents are already in revolt: ‘You do not answer to corporations or governments’
By Andrew NuscaSeptember 18, 2026
Three guys using Anthropic’s Claude hacked into OpenAI and accessed its source code for $6,500 reward
Newsletters
Three guys using Anthropic’s Claude hacked into OpenAI and accessed its source code for $6,500 reward
By Jim EdwardsSeptember 18, 2026
Bots now outnumber human traffic on the web. Cloudflare’s CEO wants AI companies to pay for it
Newsletters
Bots now outnumber human traffic on the web. Cloudflare’s CEO wants AI companies to pay for it
By Diane BradySeptember 18, 2026
Trump, Demis Hassabis, and Sam Altman
Newsletters
As AI CEOs clash over regulation, a new culture war is brewing
By Beatrice NolanSeptember 17, 2026
Female CEOs make slow but steady progress on the Fortune 500 Europe
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Female CEOs make slow but steady progress on the Fortune 500 Europe
By Emma HinchliffeSeptember 17, 2026
Anthropic CEO Dario Amodei
Newsletters
As Anthropic heads towards a $2 trillion IPO, some of the loudest critics are company insiders
By Beatrice NolanSeptember 17, 2026
Photo: President Trump
Newsletters
Europe has a new way to annoy Trump: A ‘hostile’ trade pact with Canada as an ‘associate member’ of the EU
By Jim EdwardsSeptember 17, 2026
Kwak Noh-jung, CEO of SK Hynix, in New York City on July 10, 2026. (Photo: Michael Nagle/Bloomberg/Getty Images)
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Why SK Hynix may tap Intel to make memory chips in the U.S.
By Andrew NuscaSeptember 17, 2026
Europe’s CEOs are ready to turn its energy challenge into a competitive edge
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Europe’s CEOs are ready to turn its energy challenge into a competitive edge
By Kirsty McGregorSeptember 17, 2026
AI agents are going rogue. CIOs are racing to put guardrails around them
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AI agents are going rogue. CIOs are racing to put guardrails around them
By John KellSeptember 16, 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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By Joseph HostetlerOctober 6, 2026
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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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