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Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety net

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Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

3

Current price of oil as of November 6, 2026

1

Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety net

2

Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

3

Current price of oil as of November 6, 2026
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Law
Politics
U.S. Senator Elizabeth Warren questions bank CEOs at Wells Fargo, Bank of America, JPMorgan and Citigroup.
Wall Street banks brace for ‘political theater’ as Democrats return to power—but few expect major change anytime soon

“They can make life difficult, but they can’t necessarily change the overall tenor of where the banks are projected to go,” a Citi analyst said.

By Morgan ChittumNovember 7, 2026
A woman sits in a voting booth.
‘Like being hit between the eyes with a sledgehammer’: Meet the one town in America that defied election trends and voted in favor of data centers
By Sasha RogelbergNovember 7, 2026
A person holds a sign reading 'Save Our Social Security' during a press conference and rally in support of fair taxation near the U.S. Capitol in Washington, D.C. on April 10, 2025. Tax justice advocates attended the 'Federal Fight Back Rally' to speak out against President Trump's tax cuts for the wealthy, and to urge members of Congress to intervene.
A new group of senators from both parties will vote on how to save Social Security. Here’s what they’ve said about it
By Tatiana SatauaNovember 7, 2026
The midterms didn’t stop the AI buildout. They simply repriced it—and OpenAI is already promising to pay up
The midterms didn’t stop the AI buildout. They simply repriced it—and OpenAI is already promising to pay up
By Catherina GioinoNovember 6, 2026
Democrats just won control of Georgia Power’s regulator for the first time in 30 years — and its OpenAI data center contract was entirely redacted
Democrats just won control of Georgia Power’s regulator for the first time in 30 years — and its OpenAI data center contract was entirely redacted
By Emily Jones and GristNovember 6, 2026
‘Everyone knows why we lost,’ JD Vance points to the Iran war — which has already cost at least $38 billion and 19 American lives
‘Everyone knows why we lost,’ JD Vance points to the Iran war — which has already cost at least $38 billion and 19 American lives
By Javed Ali and The ConversationNovember 6, 2026
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Law
More in Law
Delaware Chancery CourtP
Cloudflare’s appeal won’t fix what’s broken in Delaware’s Chancery Court

A vice chancellor, Travis Laster, sent his own ruling to the state Supreme Court. Boards shouldn’t read that as reassurance.

By Jeffrey Sonnenfeld and Steven TianNovember 5, 2026
Republicans made Hasan Piker their midterm villain. Now he’s suing Scott Jennings for $72.5 million

The Twitch streamer is seeking $72.5 million from CNN’s Scott Jennings over a spliced clip. His lawyer says Ted Cruz and others should “buckle up.”

By Emma WitmanNovember 5, 2026
Appeals court tosses lawsuit over Mamdani’s pied-à-terre tax rollout, ruling homeowners can’t sue over notices

The decision reverses a Staten Island judgment that ordered the city to redo its notices. Other legal challenges continue.

By Catherina GioinoNovember 4, 2026
States agreed to ‘fully, finally, and forever’ release Meta from claims they didn’t know existed — with $459 million for Cambridge Analytica claims

The judge also concluded the company failed to notify users about thousands of applications associated with data misuse.

By Emma L. Briant and The ConversationNovember 4, 2026
More in Law
Politics
More in Politics
Gen Z voters broke for Democrats 66% to 31% in the midterms — and the Iran war cracked their top three issues
Gen Z voters broke for Democrats 66% to 31% in the midterms — and the Iran war cracked their top three issues

Overall, 27% of young people – meaning people ages 18 to 29 – went to the polls during the midterms, our Nov. 5 analysis shows.

By Sara Suzuki and The ConversationNovember 6, 2026
Gas was pricier on this Election Day than any before it — up almost 40% to $4.15 a gallon since the Iran war began

Right before 1974’s midterm election, Gerald Ford launched the “Whip Inflation Now,” campaign. But Republicans lost 48 House seats and five Senate seats.

By Michael A. Mische and The ConversationNovember 6, 2026
A WhatsApp channel called Lula’s Army grew from 50,000 to more than 10 million subscribers as Brazil’s president staged a historic comeback

He erased the deficit and won the all-important runoff election by more than 3.5 percentage points – more than 4 million votes.

By Anthony W. Pereira and The ConversationNovember 6, 2026
Nebraska voters block measures to legalize online sports betting, rejecting a campaign’s promise of $166 million in property tax relief

Nebraska voters narrowly rejected to legalize mobile sports betting in the state.

By Joshua HongNovember 6, 2026
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Bernie Sanders hails Michigan result as ‘most extraordinary victory that I can think of in modern American politics’
Politics
Bernie Sanders hails Michigan result as ‘most extraordinary victory that I can think of in modern American politics’
By Joey Cappelletti and The Associated PressAugust 6, 2026
a
North America
America’s appetite for avocados threatened as $5 million capture of ‘El Poncho’ threatens $3.65 billion market
By María Verza and The Associated PressAugust 6, 2026
g
Politics
Elizabeth Warren demands answers on the National Guard deployment, and finds the cost: $1.4 billion
By Gary Fields, Lisa Mascaro and The Associated PressAugust 6, 2026
mamdani
Retail
Mamdani rejects his own aide’s comment that ID card may be needed for NYC-owned grocery: ‘no matter what you’ve just heard in the news’
By Melissa Goldin and The Associated PressAugust 6, 2026
mn
Cybersecurity
Iranian hackers and America’s Achilles heel on water: default passwords
By William Akoto and The ConversationAugust 5, 2026
cavender
Success
5 years after NIL began, college coaches still out-earn the athletes they coach
By Brennan Berg and The ConversationAugust 5, 2026
erica
Politics
Third time’s a charm for CDC director as Senate finally confirms Erica Schwartz as new agency head
By Mike Stobbe and The Associated PressAugust 5, 2026
After months of a public back and forth over Mamdani’s pied-à-terre tax, Ken Griffin isn’t ready to give up on New York after all
C-Suite
After months of a public back and forth over Mamdani’s pied-à-terre tax, Ken Griffin isn’t ready to give up on New York after all
By Joshua HongAugust 5, 2026
epstein
Law
New Mexico AG accuses Todd Blanche of sitting on the names of more Epstein victims
By Savannah Peters and The Associated PressAugust 5, 2026
a
Politics
After losing to Whitmer by 21 points, El-Sayed triumphs in Michigan and shocks Democratic Party
By Joey Cappelletti, Jacqueline Ganun and The Associated PressAugust 5, 2026
A worker reacts near a line of humanoid robots displayed at the World AI Conference in Shanghai.
Asia
‘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
US hedge fund manager Bill Ackman, CEO of Pershing Square Capital Management, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026.
Real Estate
‘Socialism is a disaster’: Bill Ackman says Zohran Mamdani’s bad left-wing housing policy is worsening New York’s affordability crisis
By Nick LichtenbergAugust 5, 2026
Scott Bessent stands outside wearing a suit, his hands pressed together as he speaks.
North America
The Trump administration has doled out $100 billion in tariff refunds, but Americans are suing U.S. companies for not seeing a penny of the returns
By Sasha RogelbergAugust 5, 2026
Photo of Trump
Politics
Trump claims — yet again — that a deal to reopen Hormuz is close
By The Associated Press, Elena Becatoros, Samy Magdy and Darlene SupervilleAugust 5, 2026
Europe’s AI sovereignty is under threat. Could Mistral be the answer?
Magazine
Europe’s AI sovereignty is under threat. Could Mistral be the answer?
By Beatrice NolanAugust 5, 2026
Billionaires have been flooding the midterms with cash, but one of the GOP’s most reliable megadonors just went silent
Politics
Billionaires have been flooding the midterms with cash, but one of the GOP’s most reliable megadonors just went silent
By Sydney LakeAugust 5, 2026
Europe’s tech sovereignty is facing its biggest test yet
Magazine
Europe’s tech sovereignty is facing its biggest test yet
By Sam ForsdickAugust 5, 2026
New York Attorney General Letitia James looks to her right at a news conference.
Law
20 states and DC sue as Trump moves to share low-income families’ data with immigration authorities
By The Associated Press and Anthony IzaguirreAugust 4, 2026
US President Donald Trump speaks about the conflict in Iran in the James S. Brady Press Briefing Room of the White House.
Asia
Trump claims he’s talking with Iran as they hold talks with other nations
By The Associated Press, Samy Magdy, Elena Becatoros and Josh BoakAugust 4, 2026
Sam Altman and Tim Cook.
Big Tech
OpenAI fires back at Apple, publishing private emails to counter trade-secret claims
By Beatrice NolanAugust 4, 2026
President Donald Trump looks on during an announcement.
Crypto
‘This is insider trading by definition’: Trump sells $100,000 monthly subscription service to Wall Street to further monetize the presidency
By Joshua HongAugust 4, 2026
d
Commentary
Why Paramount might win its case and still run out of time to acquire Warner Bros. Discovery
By Paul HardartAugust 4, 2026
sc
Law
Sotomayor lets $656 million terror verdict against Palestinian Liberation Organization stand
By The Associated PressAugust 4, 2026
t
Economy
Trump called his own housing bill a ‘yawn.’ Now he’s heading for a west coast tour with a 32% approval rating on the economy
By Darlene Superville and The Associated PressAugust 4, 2026
t
Banking
Capital One had 300 Trump accounts — then its money-laundering team stepped in
By Ken Sweet and The Associated PressAugust 4, 2026
Cars on a highway in the Bronx, N.Y.
Personal Finance
How Zohran Mamdani’s pied-à-terre tax exposed an epidemic of ‘ghost cars’ instead
By Catherina GioinoAugust 4, 2026
The Danube is running dry, and Europe’s power grid is suffering as a result
Environment
The Danube is running dry, and Europe’s power grid is suffering as a result
By Justin Spike and The Associated PressAugust 3, 2026
‘There is no Fund’: GOP holdouts back Blanche after DOJ scraps proposed $1.8 billion slush fund
Politics
‘There is no Fund’: GOP holdouts back Blanche after DOJ scraps proposed $1.8 billion slush fund
By Mary Clare Jalonick, Alanna Durkin Richer and The Associated PressAugust 3, 2026
Ukraine uses business principles to maximize Russia’s casualties and economic costs, potentially crushing its will to keep fighting, RAND says 
Economy
Ukraine uses business principles to maximize Russia’s casualties and economic costs, potentially crushing its will to keep fighting, RAND says 
By Jason MaAugust 3, 2026
A ship sails on the ocean near the Strait of Hormuz
Energy
The Iran war already has a winner: The world’s largest shipbroker notching record earnings from the ‘exceptional volatility’ in the Strait of Hormuz
By Sasha RogelbergAugust 3, 2026
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Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety netplaceholder alt text
By Eleanor PringleNovember 6, 2026
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Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted itplaceholder alt text
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