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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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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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Current price of oil as of October 6, 2026

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

Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

3

Current price of oil as of October 6, 2026

Asia

Asia

Will AI kill the Asian entertainment industry, or reinvent it?

Will AI kill the Asian entertainment industry, or reinvent it?

Studios in China are turning to models from ByteDance and Kling to generate 100-minute short dramas for less than $3000.

By Angelica AngOctober 7, 2026

Taiwan opens Phoenix office as $265 billion chip investment in Arizona grows, over China’s objections

Taiwan opens Phoenix office as $265 billion chip investment in Arizona grows, over China’s objections

By The Associated Press, Wufei Yu and Didi TangOctober 6, 2026

The Future 120—How vital firms stay forever young

The Future 120—How vital firms stay forever young

By Ketil Gjerstad, Johann Harnoss, Viacheslav Romanov and Sophie ThorupOctober 6, 2026

OKX debuts a platform that turns 50 currencies into digital dollars, betting emerging-market investors want stablecoins

OKX debuts a platform that turns 50 currencies into digital dollars, betting emerging-market investors want stablecoins

By Nicholas GordonOctober 5, 2026

Beyond the boardroom: Asia’s 10 influential women to watch in 2026

Beyond the boardroom: Asia’s 10 influential women to watch in 2026

By Ashleigh NghiemOctober 5, 2026

Latest stories from Fortune

More AsiaPage 5 of 76

Xi Jinping, standing next to Donald Trump, points to his left.

Strait of Hormuz chaos has incentivized China to use an alternative trade route: a 3,400 mile frozen Arctic channel dubbed the ‘Ice Silk Road’

By Sasha RogelbergAugust 19, 2026

The U.S. built its brand by attracting the world’s best and brightest. It must not lose that advantage

By John A. QuelchAugust 18, 2026

Alibaba’s $2 billion gaming exit signals where Beijing wants its money

Alibaba’s $2 billion gaming exit signals where Beijing wants its money

By Mia OsmonbekovAugust 18, 2026

AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems

AWS’s Asia chief is relocating to Japan as the country scrambles to modernize its legacy IT systems

By Angelica AngAugust 18, 2026

China, the EU, and Singapore are pushing back against the White House’s new ‘Great Transshipment Scam’ report

China, the EU, and Singapore are pushing back against the White House’s new ‘Great Transshipment Scam’ report

By Angelica AngAugust 17, 2026

Unitree vs. Shein: How August’s big China IPOs show how AI hype is leaving e-commerce giants behind

Unitree vs. Shein: How August’s big China IPOs show how AI hype is leaving e-commerce giants behind

By Nicholas GordonAugust 17, 2026

Japan’s economy notches 1.1% growth rate as spending dips 1.2% and PM sinks in polling

By Yuri Kageyama and The Associated PressAugust 17, 2026

U.S. to trim military exercises with South Korea after Trump says Seoul declined to help on Iran while the North is ‘unthreatening and respectful’

U.S. to trim military exercises with South Korea after Trump says Seoul declined to help on Iran while the North is ‘unthreatening and respectful’

By The Associated PressAugust 16, 2026

Covert mideast oil flows are keeping global prices in check

Covert mideast oil flows are keeping global prices in check

By Alex Longley, Anthony Di Paola, Grant Smith, Weilun Soon and BloombergAugust 16, 2026

Alibaba AI models hit 3 billion downloads, passing Meta, Google

Alibaba AI models hit 3 billion downloads, passing Meta, Google

By Saritha Rai and BloombergAugust 15, 2026

Trump pulls last aircraft carrier in Asia to send to Mideast, and China ‘is quite happy with U.S. distraction’ as Beijing shows signs of aggression

Trump pulls last aircraft carrier in Asia to send to Mideast, and China ‘is quite happy with U.S. distraction’ as Beijing shows signs of aggression

By Ben Finley, Didi Tang and The Associated PressAugust 15, 2026

‘Multi-part case study on China’s media’ finds that AI models can’t hallucinate away Chinese censorship

‘Multi-part case study on China’s media’ finds that AI models can’t hallucinate away Chinese censorship

By Mia OsmonbekovAugust 13, 2026

The Philippines needs ‘power of all sorts’ to build energy security following a nationwide crisis, says Prime Infra CEO Guillaume Lucci

The Philippines needs ‘power of all sorts’ to build energy security following a nationwide crisis, says Prime Infra CEO Guillaume Lucci

By Angelica AngAugust 13, 2026

Japan and the U.S. just spent billions to try to save the yen. Why is it already losing ground?

Japan and the U.S. just spent billions to try to save the yen. Why is it already losing ground?

By Nicholas GordonAugust 12, 2026

Vietnam aerospace company to send satellites aboard Elon Musk’s SpaceX rideshare mission

Vietnam aerospace company to send satellites aboard Elon Musk’s SpaceX rideshare mission

By Aniruddha Ghosal and The Associated PressAugust 11, 2026

Photo of Yemeni navy sailor patrolling

Houthi attacks in Yemen threaten new shipping crisis in Red Sea as Iran digs in on Hormuz demands

By The Associated PressAugust 11, 2026

Iran says it will reopen Straight of Hormuz — as soon as the U.S. makes ‘amends’

By The Associated PressAugust 10, 2026

‘I still miss him’: Millions of Chinese suddenly bereft as Beijing deletes their AI boyfriends overnight

By Fu Ting and The Associated PressAugust 10, 2026

Photo of Trump pointing to Xi Jinping

Forget DeepSeek. China’s real ‘Sputnik moment’ is happening on campus as American universities lose their advantage

By Mia OsmonbekovAugust 10, 2026

Netanyahu rejects Hamas disarmament proposal touted by Trump

Netanyahu rejects Hamas disarmament proposal touted by Trump

By Dan Williams, Fares Akram and BloombergAugust 9, 2026

Iran-backed Houthi rebels attack crucial Red Sea port and Saudi Aramco refinery as fighting escalates

Iran-backed Houthi rebels attack crucial Red Sea port and Saudi Aramco refinery as fighting escalates

By The Associated PressAugust 9, 2026

China’s export engine is cooling—but high-tech demand isn’t.

China’s export engine is cooling—but high-tech demand isn’t.

By Elaine Kurtenbach and The Associated PressAugust 7, 2026

A view of commercial cargo vessels and crude oil tankers are anchored in the Gulf of Oman, off the coast of Muscat, Oman

Iran says agreement on Hormuz shipping reached with Oman

By Bloomberg and Eltaf NajafizadaAugust 7, 2026

Photo of Trump and Takaichi shaking hands

Yen jumps after U.S. data as traders watch for intervention clues

By Bloomberg, Mia Glass and Naomi TajitsuAugust 7, 2026

Asia needs deeper energy markets if it’s going to achieve its AI ambitions

Asia needs deeper energy markets if it’s going to achieve its AI ambitions

By Guy WolfAugust 6, 2026

Singapore’s IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14%

Singapore’s IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14%

By Angelica AngAugust 6, 2026

Arts & Entertainment

Nintendo profit surges over 50% on movie, console sales even as sales fall

By Yuri Kageyama and The Associated PressAugust 6, 2026

Qatar’s Ooredoo, Nvidia, and Nokia unveil multi-billion-dollar AI compute platform—and Southeast Asia is their target

Qatar’s Ooredoo, Nvidia, and Nokia unveil multi-billion-dollar AI compute platform—and Southeast Asia is their target

By Melissa HancockAugust 6, 2026

nic

The SEC should ban the products behind South Korea’s recent market meltdown

By Nic PuckrinAugust 6, 2026

A worker reacts near a line of humanoid robots displayed at the World AI Conference in Shanghai.

‘No choice but to take necessary countermeasures’: China imposes sanctions on Washington in retaliation to U.S. trade restrictions

By The Associated Press, Huizhong Wu and Kanis LeungAugust 5, 2026

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Most Popular

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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By Catherina GioinoOctober 5, 2026

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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By Sydney LakeOctober 6, 2026

Personal Finance

Current price of oil as of October 6, 2026

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By Joseph HostetlerOctober 6, 2026

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