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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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How Cigna’s AI chief is investing in the technology to cut costs and address some of health care’s biggest problems
Newsletters
How Cigna’s AI chief is investing in the technology to cut costs and address some of health care’s biggest problems
By John KellAugust 26, 2026
  • Photo: Scott Bessent
    Newsletters
    Bessent’s $4 billion bond plan is like ‘rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion,’ ING says
    By Jim EdwardsAugust 20, 2026
dolly
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Dolly Parton changed the world—and she did it her way
By Emma HinchliffeAugust 26, 2026
OpenAI’s new revenue chief has a simple mission: make the money match the hype
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OpenAI’s new revenue chief has a simple mission: make the money match the hype
By Allie GarfinkleAugust 26, 2026
Photo: President Trump
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There’s a deal on the table to reopen the Strait of Hormuz, but Trump isn’t part of it—yet
By Jim EdwardsAugust 26, 2026
A render of Apple’s new Mac Studio with its M5 Ultra chip demonstrating the local, on-device generation of AI images. (Courtesy Apple)
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What to watch for as Apple rolls out new Macs
By Andrew NuscaAugust 26, 2026
Mark Cuban wants companies to give their employees more stock. Could that narrow the divide between the bottom and the top?
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Mark Cuban wants companies to give their employees more stock. Could that narrow the divide between the bottom and the top?
By Diane BradyAugust 26, 2026
  • Zynga founder Mark Pincus: AI can get you to a B-plus, but it won’t get you to an A
    Newsletters
    Zynga founder Mark Pincus: AI can get you to a B-plus, but it won’t get you to an A
    By Diane BradyAugust 20, 2026
Why Dubai has become a city of retail traders
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Why Dubai has become a city of retail traders
By Inzamam RashidAugust 26, 2026
Photo of British flag blending into computer code in green type on a black screen.
Newsletters
A troubling recent rogue AI incident is just one reason why the U.K. AI Security Institute deserves far greater scrutiny
By Jeremy KahnAugust 25, 2026
Mette
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Denmark’s PM and the enduring scrutiny of women in public life
By Emma HinchliffeAugust 25, 2026
Comic-Con International 2017 - Preview Night
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Private equity’s $860 billion zombie company problem
By Allie GarfinkleAugust 25, 2026
The Anthropic Claude Fable logo is displayed on the screen of a smartphone on June 10, 2026. (Photo illustration: Samuel Boivin/NurPhoto/Getty Images)
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Has corporate AI spend reached an inflection point?
By Andrew NuscaAugust 25, 2026
  • Amazon can’t quit Bezos’ drone dream
    Newsletters
    Amazon can’t quit Bezos’ drone dream
    By Alexei OreskovicAugust 20, 2026
Photo: President Donald Trump greets Canadian Prime Minister Mark Carney during a summit on Gaza in Sharm el-Sheikh on October 13, 2025.
Newsletters
In U.S.-Canada trade war, Trump says they are ‘the worst’ and Canada’s top trade envoy tells him to ‘kiss my ass’
By Jim EdwardsAugust 25, 2026
AI is giving Trivago and its CEO Johannes Thomas a new playbook on how to beat back disruption
Newsletters
AI is giving Trivago and its CEO Johannes Thomas a new playbook on how to beat back disruption
By Diane BradyAugust 25, 2026
Claire’s is following the Victoria’s Secret playbook to overhaul its fleet of 900 stores and win Gen Alpha
Newsletters
Claire’s is following the Victoria’s Secret playbook to overhaul its fleet of 900 stores and win Gen Alpha
By Emma HinchliffeAugust 24, 2026
At the year’s buzziest blockchain conference, a new crypto powerhouse emerges
Newsletters
At the year’s buzziest blockchain conference, a new crypto powerhouse emerges
By Jeff John RobertsAugust 24, 2026
A woman signs a check at a desk.
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Uber drivers get paid instantly. Office workers want in.
By Kristin StollerAugust 24, 2026
Jack Welch fired him from GE. He became a Fortune 500 CEO 3 years later
C-Suite
Jack Welch fired him from GE. He became a Fortune 500 CEO 3 years later
By Ruth UmohAugust 24, 2026
Garrett Langley, founder and chief executive officer of Flock Safety, at the Semafor World Economy Summit during the International Monetary Fund (IMF) and World Bank Spring meetings.
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Flock Safety has been a venture darling. Will data privacy controversies halt its rise?
By Catherina GioinoAugust 24, 2026
Photo: John Ternus
Newsletters
Apple to launch $2,000-plus foldable ‘iPhone Ultra’ in early September: report
By Jim EdwardsAugust 24, 2026
Apple lays off staffers ahead of CEO change
Newsletters
Apple lays off staffers ahead of CEO change
By Alexei OreskovicAugust 24, 2026
The U.S. is unlikely to win its ‘dumb trade war’ with Canada. Here’s why
Newsletters
The U.S. is unlikely to win its ‘dumb trade war’ with Canada. Here’s why
By Diane BradyAugust 24, 2026
Fortune Archives: Baseball’s salary cap fight is 40 years in the making
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Fortune Archives: Baseball’s salary cap fight is 40 years in the making
By Joey AbramsAugust 23, 2026
Where Bumble’s ex-CEO is going next and other female exec moves to know
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Where Bumble’s ex-CEO is going next and other female exec moves to know
By Emma HinchliffeAugust 21, 2026
An F/A-18E Super Hornet, attached to Strike Fighter Squadron (VFA) 14, makes an arrested landing on the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln
Newsletters
How Silicon Valley just might save America from the growing drone threat
By Jeff John RobertsAugust 21, 2026
Anthropic to SpaceX: You ain’t bigger
Newsletters
Anthropic to SpaceX: You ain’t bigger
By Alexei OreskovicAugust 21, 2026
Photo: Scott Bessent
Newsletters
Bond traders believe Bessent’s ‘band-aid’ was ‘a heinous financial crime’
By Jim EdwardsAugust 21, 2026
The bond market is sending CEOs a blunt message: Borrowing costs are going to go up
Newsletters
The bond market is sending CEOs a blunt message: Borrowing costs are going to go up
By Diane BradyAugust 21, 2026
Sam Altman walking.
Newsletters
The AI industry is getting better at spotting dangerous behavior. It is less clear that labs know how to stop it
By Beatrice NolanAugust 20, 2026
What a decade as president of the WNBA players’ union taught Nneka Ogwumike about leadership
Newsletters
What a decade as president of the WNBA players’ union taught Nneka Ogwumike about leadership
By Emma HinchliffeAugust 20, 2026
Portfolio review takes on a new urgency for VCs as AI makes 2024’s great deals look like 2026’s clear mistakes
Newsletters
Portfolio review takes on a new urgency for VCs as AI makes 2024’s great deals look like 2026’s clear mistakes
By Allie GarfinkleAugust 20, 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
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