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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
Latest stories from Fortune
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Sen. Marsha Blackburn (R-Tenn., right) with Sens. Eric Schmitt (R-Mo.) and Katie Britt (R-Ala.) during a Senate hearing on September 16, 2025 in Washington, D.C. (Tom Williams/CQ-Roll Call/Getty Images)
Newsletters
U.S. senator says Google AI model hallucinated sexual assault allegations about her
By Andrew NuscaNovember 3, 2025
  • Businesswoman looking stressed while working on her computer.
    Newsletters
    2025 is a baseline for what sustained cost volatility looks like, S&P Global expert warns CFOs
    By Sheryl EstradaOctober 27, 2025
U.S. President Donald Trump (L) and China's President Xi Jinping shake hands as they leave after their talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan on October 30, 2025.
Newsletters
Trump takes center stage at APEC–yet Asia’s business leaders are optimistic that multilateralism will prevail
By Nicholas GordonNovember 3, 2025
WNBA could be headed for a lockout just as the league is attracting peak attention. What that means for ‘billions of dollars in new money’ in the sport
Newsletters
WNBA could be headed for a lockout just as the league is attracting peak attention. What that means for ‘billions of dollars in new money’ in the sport
By Emma HinchliffeOctober 31, 2025
Goldman Sachs CEO: AI’s opportunity is enormous, but ‘there will be winners and losers’
Newsletters
Goldman Sachs CEO: AI’s opportunity is enormous, but ‘there will be winners and losers’
By Sheryl EstradaOctober 31, 2025
Meta’s $27 billion bet turns AI compute into Wall Street’s hottest new investment
Newsletters
Meta’s $27 billion bet turns AI compute into Wall Street’s hottest new investment
By Sharon GoldmanOctober 31, 2025
Apple CEO Tim Cook in New York City on Sept. 19, 2025. (Photo: Kena Betancur/Bloomberg/Getty Images)
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Apple predicts estimate-topping iPhone sales for the holiday season
By Andrew NuscaOctober 31, 2025
  • A popup message visible on the social media platform TikTok on January 19, 2025 in Washington, D.C. (Photo: Kayla Bartkowski/Getty Images)
    Newsletters
    Trump and Xi just might strike a TikTok deal, finally
    By Andrew NuscaOctober 27, 2025
CEOs who are also board chairs are the problem not the solution, says top governance expert
Newsletters
CEOs who are also board chairs are the problem not the solution, says top governance expert
By Geoff ColvinOctober 31, 2025
Ana Paula Assis, senior vice president EMEA and growth markets, speaking on stage at Fortune Global Forum in Riyadh, Saudi Arabia.
Newsletters
AI bubble talk grips the market. The C-suite? Not so much.
By Jeremy KahnOctober 30, 2025
WTO boss reveals how she beat candidates to the top job and became its first-ever female and African leader: ‘I’m a risk-taker and a masochist’
Newsletters
WTO boss reveals how she beat candidates to the top job and became its first-ever female and African leader: ‘I’m a risk-taker and a masochist’
By Orianna Rosa RoyleOctober 30, 2025
Adobe deepens Google Cloud partnership to advance AI and next-gen creativity, says CFO
Newsletters
Adobe deepens Google Cloud partnership to advance AI and next-gen creativity, says CFO
By Sheryl EstradaOctober 30, 2025
Anjney Midha, a general partner at Andreessen Horowitz speaking on stage.
Newsletters
The next ‘golden age’ of AI investment
By Beatrice NolanOctober 30, 2025
  • A decade into Saudi Arabia’s Vision 2030, the non-oil sector makes up 56% of $1.3 trillion economy
    Newsletters
    A decade into Saudi Arabia’s Vision 2030, the non-oil sector makes up 56% of $1.3 trillion economy
    By Diane BradyOctober 27, 2025
Meta CEO Mark Zuckerberg during a company event in Menlo Park, California on Sept. 17, 2025.(Photo: David Paul Morris/Bloomberg/Getty Images)
Newsletters
Meta revenue soars, but so do AI expenses
By Andrew NuscaOctober 30, 2025
Delta CEO Ed Bastian says one key to building customer loyalty is ‘obsessing’ over your own staff
Newsletters
Delta CEO Ed Bastian says one key to building customer loyalty is ‘obsessing’ over your own staff
By Diane BradyOctober 30, 2025
Why insurer Nationwide is investing $1.5 billion through 2028 on AI and other tech initiatives
Newsletters
Why insurer Nationwide is investing $1.5 billion through 2028 on AI and other tech initiatives
By John KellOctober 29, 2025
CEO of British pharmaceutical giant GlaxoSmithKline (GSK), Emma Walmsley speaks at Fortune's Most Powerful Women Summit on Tuesday.
Newsletters
Only 38 female CEOs are leading Fortune 500 Europe companies—and five more are already on the way out
By Emma HinchliffeOctober 29, 2025
UPS CFO on Amazon pullback and driving a growth strategy
Newsletters
UPS CFO on Amazon pullback and driving a growth strategy
By Sheryl EstradaOctober 29, 2025
In a world of crypto and ‘exotic instruments’, traditional exchanges are thinking about how they ‘stay relevant’
Newsletters
In a world of crypto and ‘exotic instruments’, traditional exchanges are thinking about how they ‘stay relevant’
By Nicholas GordonOctober 29, 2025
OpenAI CEO Sam Altman in Abilene, Texas on Sept. 23, 2025. (Photo: Kyle Grillot/Bloomberg/Getty Images)
Newsletters
At long last, OpenAI has restructured into a for-profit company
By Andrew NuscaOctober 29, 2025
Saudi Arabia is now a nation of city-dwellers, and ‘cities don’t lie,’ says urban development leader
Newsletters
Saudi Arabia is now a nation of city-dwellers, and ‘cities don’t lie,’ says urban development leader
By Diane BradyOctober 29, 2025
Sam Altman and Satya Nadella on stage together.
AI
As OpenAI restructures, Microsoft locks in long-term gains
By Beatrice NolanOctober 28, 2025
More than 40% of AI startups in California have zero women on their boards of directors
Newsletters
More than 40% of AI startups in California have zero women on their boards of directors
By Emma HinchliffeOctober 28, 2025
Ruth Porat, president and chief investment officer at Alphabet and Google, speaks during a panel session at the Fortune Global Forum in Riyadh, Saudi Arabia, on Oct. 26, 2025. 
Newsletters
Google’s Ruth Porat: To unlock AI’s upside, rethink every process
By Sheryl EstradaOctober 28, 2025
With two new funds to trumpet, Sequoia’s Roelof Botha opens up about the state of the VC market—and about the firm’s controversial partner
Newsletters
With two new funds to trumpet, Sequoia’s Roelof Botha opens up about the state of the VC market—and about the firm’s controversial partner
By Alexei OreskovicOctober 28, 2025
Ray Dalio is guided by gratitude: Why CEOs need to find their codifying principles
Newsletters
Ray Dalio is guided by gratitude: Why CEOs need to find their codifying principles
By Diane BradyOctober 28, 2025
Amazon CEO Andy Jassy in Sun Valley, Idaho, on July 9, 2025. (Photo: David Paul Morris/Bloomberg/Getty Images)
Newsletters
Amazon will reportedly lay off 30,000 people
By Andrew NuscaOctober 28, 2025
The Fortune 500 lost two women of color CEOs in one week
Newsletters
The Fortune 500 lost two women of color CEOs in one week
By Emma HinchliffeOctober 27, 2025
Women are leaving the workforce in droves. Melinda French Gates launched a competition to solve it
Newsletters
Women are leaving the workforce in droves. Melinda French Gates launched a competition to solve it
By Kristin StollerOctober 27, 2025
A businesswoman attempts to push Bitcoin up a sloped ramp.
Newsletters
Bitcoin faces a new civil war over how its blockchain should be used
By Jeff John RobertsOctober 27, 2025
person sitting in corner office glass building
Newsletters
What motivation reveals about CEO readiness
By Ruth UmohOctober 27, 2025
Citi Ventures marks 15 years of operation with more than 200 investments and 30 exits
Newsletters
Citi Ventures marks 15 years of operation with more than 200 investments and 30 exits
By Leo SchwartzOctober 27, 2025
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