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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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Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

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

Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses
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Gold bars
Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

Rush will give up 298 gold bars, Palm Beach and Jupiter Island real estate, 35 watches, two BMW Alpinas and about $40 million in cash.

By Catherina GioinoOctober 6, 2026
He manages one of the most successful soccer clubs in the world and is the elite leader every CEO wants to talk to. So why has Mikel Arteta decided to go public on having his own DNA mapped? 
He manages one of the most successful soccer clubs in the world and is the elite leader every CEO wants to talk to. So why has Mikel Arteta decided to go public on having his own DNA mapped? 
By Kamal AhmedOctober 6, 2026
Photo of Donald Trump in Dublin
OpenAI’s human rights lead: What the military could do with AI ‘keeps me up at night’
By Emily ForliniOctober 6, 2026
How does debt relief work? Costs, risks, and what to expect
How does debt relief work? Costs, risks, and what to expect
By Glen Luke FlanaganOctober 6, 2026
ads
Researchers tracked $80 million in political ads using AI—and Republicans were behind 83% of them
By Travis N. Ridout, Erika Franklin Fowler, Michael Franz and The ConversationOctober 6, 2026
Futurist Amy Webb speaking at the Fortune AIQ Summit.
Finding value from AI in big companies comes down to people, not technology
By Jeremy KahnOctober 6, 2026
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Patagonia CEO Ryan Gellert speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California.
Patagonia’s CEO is worried about political apathy—so the company offered 112,000 people $100 to help 3 friends plan to vote

The $11.2 million incentive disappeared in four days. Researchers say a friend’s nudge could help turn environmental concern into votes.

By Tatiana SatauaOctober 6, 2026
Taiwan opens Phoenix office as $265 billion chip investment in Arizona grows, over China’s objections

Taiwan is turning Phoenix into a bigger hub for its chip industry with a new office and TSMC’s investments

By The Associated Press, Wufei Yu and Didi TangOctober 6, 2026
After housing protests turned violent, Spain will tax seasonal rentals to build a 10 billion euro fund into first-home loans

Spain passed 21 housing measures after tends of thousands protested the country’s housing affordability crisis and ahead of snap elections

By The Associated Press and TERESA MEDRANOOctober 6, 2026
Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

Clayton Iley pitched a fake Defense Department loan program and used victims’ identities to fund 90-plus collector vehicles, prosecutors say.

By Catherina GioinoOctober 5, 2026
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North America
More in North America
Mulambo Hamakuni Haimbe, Minister for Foreign Affairs of Zambia, speaks during the 81st session of the United Nations General Assembly at United Nations headquarters.
Zambia to sign revised U.S. health deal without patient data and specimen-sharing clauses

The U.S. has signed new bilateral health agreements with around two dozen African nations since last year, but some have pushed back on requirements to provide patient data.

By The Associated Press, Gerald Imray and Jacob ZimbaOctober 6, 2026
Current price of oil as of October 6, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

By Joseph HostetlerOctober 6, 2026
Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

Younger donors give to more causes than their parents—but only 47% of the wealthy think they’re ready.

By Sydney LakeOctober 6, 2026
Redfin signals a shift in power to buyers as a record share of sellers cut prices for this time of year—but 7% mortgage rates are a problem

Home price cuts just hit a September record. But with mortgage rates above 7%, it’s a buyer’s market only for some.

By Bilin LinOctober 6, 2026
More in North America
Asia
More in Asia
The Future 120—How vital firms stay forever young
The Future 120—How vital firms stay forever young

For the ranking, we analyzed more than 10 million data points and zeroed in on the 15 most predictive metrics, each robust and correlated with future revenue growth, to produce BCG’s Vitality Score.

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

“The key gap for people and institutions is settlement,” Haider Rafique, OKX’s global managing partner, tells Fortune.

By Nicholas GordonOctober 5, 2026
Beyond the boardroom: Asia’s 10 influential women to watch in 2026

Power in Asia extends well beyond the C-suite.

By Ashleigh NghiemOctober 5, 2026
Hungary hauls ex-foreign minister in to explain how he got a top job at BYD months after arranging government contracts

Péter Szijjártó faced lawmakers over BYD dealings after helping secure its first European plant and $63.7 million in state assistance

By The Associated Press and Justin SpikeOctober 5, 2026
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Global
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‘AI Snake Oil’ author sees chatbots evolving into a ‘truth oracle’—and journalism heading somewhere it hasn’t been in 200 years

Princeton’s Arvind Narayanan asked the Computation + Journalism conference to prepare for AI “not as it is today, but as it will be” in five to 10 years.

By Nick LichtenbergOctober 6, 2026
‘It’s been a very strange year on LIV’: LIV Golf to get $300 million investment to help the circuit emerge from bankruptcy

The financing by funds advised on the BC Partners Credit platform requires bankruptcy court approval.

By Doug Ferguson and The Associated PressOctober 6, 2026
Gen Z’s new American Dream: Skip the mortgage, book the flight

Young Americans are trading square footage, new cars, and even moving out for plane tickets, even as airfares jump more than 20%.

By Bilin LinOctober 6, 2026
As AI reshapes the consumer journey, L’Oréal is rethinking its marketing engine

Underneath the ads, TikTok campaigns, and virtual try-ons lies an increasingly complex infrastructure of data, technology, and AI. To succeed today, marketers need to understand the “pipes and plumbing,” says L’Oréal’s Asmita Dubey.

By Kirsty McGregor and Francesca CassidyOctober 6, 2026
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U.S. Army Maj. Stephen Ramsbottom, who was injured in an Iranian drone strike in Kuwait, poses for a portrait in Colorado Springs, Colo.
North America
‘I was just kind of on my own’: Soldiers wounded in Iranian drone strike say the Army ‘took too long’ to treat their injuries
By The Associated Press, Julie Watson, Jack Brook and Konstantin ToropinOctober 5, 2026
Primary school students during the first day of the school year, in Thessaloniki, Greece.
Politics
‘There are no children’: A Greek island has just 2 students left—and its last school is about to close
By LEFTERIS PITARAKIS, Derek Gatopoulos and The Associated PressOctober 5, 2026
Norway's Prime Minister Jonas Gahr Støre (L) and Norway's Minister of Digitalisation and Public Administration Torgeir Micaelsen sign a letter of intent on the responsible introduction and use of artificial intelligence in the workplace, in Oslo, Norway.
Cybersecurity
Norway floats temporary but total ban on AI glasses as it investigates ‘socially beneficial uses’
By Jamey Keaten and The Associated PressOctober 5, 2026
‘Did they achieve their goal? Partially’: Putin admits weakness as Ukraine claims 51% hit to Russia’s oil refining capacity
Energy
‘Did they achieve their goal? Partially’: Putin admits weakness as Ukraine claims 51% hit to Russia’s oil refining capacity
By The Associated PressOctober 5, 2026
People demonstrate to demand stronger laws to protect renters in Madrid, Spain.
Real Estate
Spain’s lefty government evicted an 87-year-old woman from her home of 70 years and thousands of protesters took the streets
By Joseph Wilson, Alicia Leon and The Associated PressOctober 5, 2026
Photo of Trump
Politics
Trump won Nebraska by 20 points. Now he’s trying to rescue a GOP Senate seat after angering ranchers with his plan to import more beef
By The Associated Press and Seung Min KimOctober 5, 2026
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Commentary
NVIDIA Head of Sustainability: how to accelerate America’s nuclear energy renaissance 
By Josh ParkerOctober 5, 2026
The AI industry ‘hates crypto people’—but they may need them all the same
Newsletters
The AI industry ‘hates crypto people’—but they may need them all the same
By Jeff John RobertsOctober 5, 2026
Ewout Steenbergen, EVP and CFO of Booking Holdings, speaks during the Fortune AIQ Summit on Oct. 1, 2026 at the New York Stock Exchange.
Travel & Leisure
Booking Holdings spends nearly $9 billion a year to reach travelers. Its CFO explains how AI is changing trip planning
By Sheryl EstradaOctober 5, 2026
CEOs are threatening to take their jobs and their billions elsewhere. That leverage has limits
C-Suite
CEOs are threatening to take their jobs and their billions elsewhere. That leverage has limits
By Ruth UmohOctober 5, 2026
kit
Economy
People are winning millions on prediction markets. Is it ethical?
By Kit ChellelOctober 5, 2026
Current price of oil as of Oct. 5, 2026
Personal Finance
Current price of oil as of October 5, 2026
By Joseph HostetlerOctober 5, 2026
Current price of Bitcoin for Oct. 5, 2026
Personal Finance
Current price of Bitcoin for October 5, 2026
By Joseph HostetlerOctober 5, 2026
Top CD rates from major banks Oct. 5, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal Finance
Top CD rates from major banks on October 5, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerOctober 5, 2026
Current price of Ethereum for Oct. 5, 2026
Personal Finance
Current price of Ethereum for October 5, 2026
By Joseph HostetlerOctober 5, 2026
Sam Altman, OpenAI CEO
Newsletters
OpenAI’s safety firings raise awkward questions
By Beatrice NolanOctober 5, 2026
Federal Reserve Chair Kevin Warsh speaks during a news conference following Federal Open Market Committee meetings at Federal Reserve Headquarters on September 16, 2026 in Washington, DC.
Economy
Kevin Warsh’s Fed has a rent problem: Higher rates could fuel a ‘doom loop’ in housing, top economist warns
By Eleanor PringleOctober 5, 2026
A Geekom Mini PC sitting on a white table against a red background.
AI
While OpenAI and Anthropic battle over data privacy, more companies look to open models and ‘sovereign AI’
By Emily ForliniOctober 5, 2026
Photo: Sam Altman
Newsletters
OpenAI’s Altman: ‘The world should accept some bad things happening for the benefits of this technology’ 
By Jim EdwardsOctober 5, 2026
Woman at home looking at her laptop screen
Future of Work
Wharton researchers studied 760 employees—and found an inconvenient truth about remote work
By Bilin LinOctober 5, 2026
Photo of Adam Neumann
Startups & Venture
Adam Neumann says a half-hour car ride with Masayoshi Son is when his ego took over—and WeWork’s $47 billion collapse began
By Muskaan ArshadOctober 5, 2026
Why ‘China plus one’ is paying off less than Southeast Asia hoped
Asia
Why ‘China plus one’ is paying off less than Southeast Asia hoped
By Angelica AngOctober 5, 2026
Home equity loan and HELOC rates, Oct. 5, 2026
Personal Finance
Home equity loan and HELOC rates, Oct. 5, 2026
By Joseph HostetlerOctober 5, 2026
Can superintelligence ever be controlled? Sam Altman on AI safety, doomsday scenarios, and OpenAI’s delayed IPO
Magazine
Can superintelligence ever be controlled? Sam Altman on AI safety, doomsday scenarios, and OpenAI’s delayed IPO
By Alyson ShontellOctober 5, 2026
Can Europe’s industrial legacy give it an AI advantage?
Magazine
Can Europe’s industrial legacy give it an AI advantage?
By Sam ForsdickOctober 5, 2026
More than half of Gen Z investors have funneled cash into sports betting—but they’re not coming close to breaking even
Personal Finance
More than half of Gen Z investors have funneled cash into sports betting—but they’re not coming close to breaking even
By Shae LakeOctober 5, 2026
Air Force removes all bombers from British base and redeploys them to the U.S. after a planned terror attack linked to Iran was foiled
Politics
Air Force removes all bombers from British base and redeploys them to the U.S. after a planned terror attack linked to Iran was foiled
By Konstantin Toropin and The Associated PressOctober 4, 2026
Japan’s population is shrinking at an accelerating rate, but the nationalist prime minister is making it harder for foreigners to live there
Asia
Japan’s population is shrinking at an accelerating rate, but the nationalist prime minister is making it harder for foreigners to live there
By Jason MaOctober 4, 2026
Tom Cruise suffers one of the worst movie debuts of his career. Reviews were so bad Warner Bros. ran ‘decide for yourself’ ads
Arts & Entertainment
Tom Cruise suffers one of the worst movie debuts of his career. Reviews were so bad Warner Bros. ran ‘decide for yourself’ ads
By Jake Coyle and The Associated PressOctober 4, 2026
Court tosses 10-year manslaughter sentence due to an AI-generated video of the victim ‘created from the imaginings’ of his sister
Law
Court tosses 10-year manslaughter sentence due to an AI-generated video of the victim ‘created from the imaginings’ of his sister
By Jacques Billeaud and The Associated PressOctober 4, 2026
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Law
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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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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Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he losesplaceholder alt text
By Sasha RogelbergOctober 3, 2026
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