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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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Tidalwave raises $22 million Series A to improve the mortgage process with AI
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Tidalwave raises $22 million Series A to improve the mortgage process with AI
By Allie GarfinkleNovember 21, 2025
  • An executive leverages artificial intelligence for work tasks.
    Newsletters
    CFOs say AI is transforming finance—but only when strategy leads the way
    By Sheryl EstradaNovember 14, 2025
Sen. Josh Hawley (R-Mo.) at the U.S. Capitol Building on October 27, 2025 in Washington, DC. (Photo: Anna Moneymaker/Getty Images)
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Top Republicans reject Trump proposal to ban state AI regulation
By Andrew NuscaNovember 21, 2025
Photo: DETROIT, MICHIGAN - SEPTEMBER 30: Barbara Humpton, President and CEO of Siemens, speaks at a Ford Pro Accelerate event on September 30, 2025 in Detroit, Michigan. The event is Ford's inaugural forum bringing together business leaders and government officials to discuss the Essential Economy, the three million businesses and critical industries that power the US economy. (Photo by Bill Pugliano/Getty Images)
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USA Rare Earth CEO on how this space became ‘the most bipartisan issue in our government right now’
By Diane BradyNovember 21, 2025
Jensen Huang
AI
The ‘loopification’ of AI is making me dizzy
By Sharon GoldmanNovember 20, 2025
Exclusive: Women’s vitamin brand Perelel raises $27 million from the investor behind Summer Fridays and Tower 28
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Exclusive: Women’s vitamin brand Perelel raises $27 million from the investor behind Summer Fridays and Tower 28
By Emma HinchliffeNovember 20, 2025
Charu Mahajan, senior partner and VP of IBM Consulting APAC, speaks during a panel session at the Fortune Innovation Forum in Kuala Lumpur, Malaysia, on Nov. 18, 2025.
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Creativity is as important as data literacy in the AI era, says IBM exec
By Sheryl EstradaNovember 20, 2025
  • Term Sheet Next: Erica Wenger on elephants, branding in VC, and her first fund
    Newsletters
    Term Sheet Next: Erica Wenger on elephants, branding in VC, and her first fund
    By Allie GarfinkleNovember 14, 2025
Stuut raises $29.5 million Series A led by Andreessen Horowitz to automate accounts receivable
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Stuut raises $29.5 million Series A led by Andreessen Horowitz to automate accounts receivable
By Allie GarfinkleNovember 20, 2025
Doug McMillon, chief executive officer of Walmart Inc., during the 2024 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 9, 2024.
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Walmart and Target are both getting new CEOs—one succession plan has gone smoother than the other
By Phil WahbaNovember 20, 2025
Nvidia co-founder and CEO Jensen Huang in Washington, D.C. on November 19, 2025. (Photo: Brendan Smialowski/AFP/Getty Images)
Newsletters
The AI boom continues as Nvidia tops estimates (again)
By Andrew NuscaNovember 20, 2025
Why the founder of Farmgirl Flowers, who still owns 99% of the business, has decided never to pursue an ‘exit’
Newsletters
Why the founder of Farmgirl Flowers, who still owns 99% of the business, has decided never to pursue an ‘exit’
By Emma HinchliffeNovember 19, 2025
Why big pharma is teaming up with AI giants to speed up drug discovery and make work easier for health care workers
Newsletters
Why big pharma is teaming up with AI giants to speed up drug discovery and make work easier for health care workers
By John KellNovember 19, 2025
  • PayPal CEO Dan Schulman at Fortune Brainstorm Tech 2016 in Aspen, Colo. (Photo: Kevin Moloney/Fortune)
    Newsletters
    Why Verizon may cut some 15,000 jobs
    By Andrew NuscaNovember 14, 2025
Exclusive: Doppel raises $70 million Series C at more than $600 million valuation to fight AI-powered social engineering attacks
Newsletters
Exclusive: Doppel raises $70 million Series C at more than $600 million valuation to fight AI-powered social engineering attacks
By Allie GarfinkleNovember 19, 2025
Estée Lauder CFO on driving a turnaround led by consumer-first innovation
Newsletters
Estée Lauder CFO on driving a turnaround led by consumer-first innovation
By Sheryl EstradaNovember 19, 2025
Traders work on the floor of the New York Stock Exchange during afternoon trading on October 13, 2022 in New York City.
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How CEOs can stay clear-eyed during the stock market’s AI selloff
By Geoff ColvinNovember 19, 2025
Google CEO Sundar Pichai on July 9, 2025 in Sun Valley, Idaho. (Photo: Kevin Dietsch/Getty Images)
Newsletters
Google launches Gemini 3, its ‘most intelligent’ AI model
By Andrew NuscaNovember 19, 2025
AI politics breaks into a New York congressional race — and signals more fights to come
AI
AI politics breaks into a New York congressional race — and signals more fights to come
By Sharon GoldmanNovember 18, 2025
Cityblock Health’s unicorn founder explains why health care is broken—and how to fix it
Newsletters
Cityblock Health’s unicorn founder explains why health care is broken—and how to fix it
By Emma HinchliffeNovember 18, 2025
AI technology concept with artificial intelligence chatbot and generative smart system, robotic, deep learning network, digital assistant, machine learning, algorithm, innovation and data processing.
Newsletters
Why generative AI went from risk to business imperative at U.S. companies
By Sheryl EstradaNovember 18, 2025
Jeff Bezos
Newsletters
Jeff Bezos is putting $6.2 billion—and himself as co-CEO—behind a new AI startup. Bubble? That’s no trouble
By Sharon GoldmanNovember 18, 2025
Satya Nadella, chief executive officer of Microsoft Corp., departs following a meeting of the White House Task Force on AI Education in the East Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025
Newsletters
Satya Nadella relinquishes his role as Microsoft’s communicator-in-chief—right when he’s needed most
By Diane BradyNovember 18, 2025
Amazon founder Jeff Bezos in Turin, Italy on October 3, 2025. (Photo: Marco Bertorello/AFP/Getty Images)
Newsletters
Jeff Bezos will co-lead a new AI startup
By Andrew NuscaNovember 18, 2025
Bari Weiss’s CBS News is taking shape. Will her strategy work?
Newsletters
Bari Weiss’s CBS News is taking shape. Will her strategy work?
By Emma HinchliffeNovember 17, 2025
Portrait of behavioral scientists and author Jonathan Levy in New York City.
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Companies make the mistake of focusing on ‘superstar’ hires. Focus on the ‘glue’ instead, behavioral scientist says
By Kristin StollerNovember 17, 2025
A stack of coins tumbles over on top of a solid background.
Newsletters
Uniswap’s latest drama shows promise and limits of decentralization
By Jeff John RobertsNovember 17, 2025
Figure CFO Macrina Kgil on the company’s rapid growth after its landmark IPO
Newsletters
Figure CFO Macrina Kgil on the company’s rapid growth after its landmark IPO
By Sheryl EstradaNovember 17, 2025
John Furner, CEO of Sam's Club speaks during the annual Walmart shareholders meeting event on June 1, 2018 in Fayetteville, Arkansas.
Newsletters
Why John Furner is the CEO Walmart thinks it needs right now
By Ruth UmohNovember 17, 2025
A meeting with the Governor’s Office and an altered public document: How Elon Musk’s Boring Company got three safety violations rescinded in 24 hours
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A meeting with the Governor’s Office and an altered public document: How Elon Musk’s Boring Company got three safety violations rescinded in 24 hours
By Jessica MathewsNovember 17, 2025
People in a boardroom.
Newsletters
Today’s corporate boards look like the past: older directors, more male appointees, and less turnover
By Diane BradyNovember 17, 2025
Apple CEO Tim Cook on September 14, 2025 in West Hollywood, California. (Photo: Axelle/Bauer-Griffin/FilmMagic)
Newsletters
When will Apple name a new CEO?
By Andrew NuscaNovember 17, 2025
Walmart International president and CEO Kathryn McLay speaks at Fortune Most Powerful Women Summit on Oct. 10, 2023.
Newsletters
The Walmart CEO job didn’t go to a female exec. Where does that leave the top succession races in the Fortune 500?
By Emma HinchliffeNovember 14, 2025
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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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