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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

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

Florida voters nearly tripled the homeowner tax break — blowing an $11.8 billion hole in county budgets

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

Florida voters nearly tripled the homeowner tax break — blowing an $11.8 billion hole in county budgets

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News

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

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 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

More in Politics

Latest stories from Fortune

More NewsPage 34 of 100

Google DeepMind CEO Demis Hassabis

A FINRA for AI? The idea from Google DeepMind CEO Demis Hassabis is gaining momentum. But is it any good?

By Jeremy KahnJuly 21, 2026

harvard

Harvard took hundreds of millions from Chinese donors—now the DOJ is asking if Americans were left out on purpose

By Collin Binkley, Didi Tang and The Associated PressJuly 21, 2026

ice

Army veteran with ‘ICE Off Our Streets’ sign sets fire and opens pellet gun attack outside Manhattan immigration court, injuring three: authorities

By Michael R. Sisak, Jamie Stengle and The Associated PressJuly 21, 2026

jouppi

Alaska pilot takes six-pack plane seizure case to Supreme Court, citing ‘duty’ to make sure the Bill of Rights ‘actually means something’

By Michael Kunzelman and The Associated PressJuly 21, 2026

fuel

Trump’s $3.47 ‘Freedom Fuel’ gas network leans on an NFL kicking coach, a GOP fundraiser and a N.J. entrepreneur with a fuel theft rap sheet

By Brian Slodysko, Michael Biesecker, Josh Boak and The Associated PressJuly 21, 2026

Trump-backed hopeful to succeed DeSantis unveils plan to protect local water, electricity from data centers

By Matt Brown and The Associated PressJuly 21, 2026

Trump to impose 50% tariffs on most Canadian goods, invoking the ‘nuclear option’ that could unleash a new wave of economic chaos and inflation

Trump to impose 50% tariffs on most Canadian goods, invoking the ‘nuclear option’ that could unleash a new wave of economic chaos and inflation

By Josh Boak and The Associated PressJuly 20, 2026

President Donald Trump walks down the steps from Air Force One.

Trump admin attempted to uncover phone records of NYT journalists and sources related to coverage of Qatari-gifted Air Force One

By The Associated Press, Eric Tucker and Jocelyn NoveckJuly 20, 2026

‘It is a failure by AliExpress’: European Commission fines the Chinese marketplace $629 million for not blocking counterfeit goods

By The Associated Press and Mike CorderJuly 20, 2026

Paramount water tower

Judge halts Paramount-Warner’s $81 billion merger for two weeks after states warn it would ‘extinguish competition’

By The Associated Press and Wyatte Grantham-PhilipsJuly 20, 2026

A 13-year-old teenage boy looks at an iPhone screen displaying various social media apps.

French President Macron backs effort to ban kids under 15 from social media before departing office next year

By The Associated Press and Samuel PetrequinJuly 20, 2026

JD Vance becomes first sitting vice president to welcome a child in office in over 150 years

By Darlene Superville and The Associated PressJuly 20, 2026

andy

Andy Burnham accuses UK of taking wrong turns since the 1980s in first speech as Prime Minister outside 10 Downing Street

By Jill Lawless and The Associated PressJuly 20, 2026

France wants to ban social media for kids — but Brussels says the bill breaks EU law

By Samuel Petrequin and The Associated PressJuly 20, 2026

Pharmacy technician Brandy Leroy fills a TPN bag using the ExactaMix Pro Automated Compounding System

Startups & Venture

The FDA’s peptide vote could create telehealth’s next multibillion-dollar market

By Lily Mae LazarusJuly 20, 2026

A woman in a red shirt, surrounded by other people, cheers and holds a fist in the air.

The minimum wage is now the lowest it’s been in 70 years—making the federal wage floor ‘officially a poverty wage,’ report finds

By Sasha RogelbergJuly 20, 2026

President Donald Trump holding up a printed out Truth Social post

‘Milliseconds matter in modern markets’: How Trump’s Truth API, and less frequent SEC filings, could create a ‘two-tiered market’

By Mia OsmonbekovJuly 20, 2026

The U.K. is getting a new prime minister, but bond investors are really in charge and ‘hyper-reactive,’ Wall Street veteran says

The U.K. is getting a new prime minister, but bond investors are really in charge and ‘hyper-reactive,’ Wall Street veteran says

By Jason MaJuly 19, 2026

Trump officials were trying to use a Biden rule to gut billions in grants — a judge just said no

By Michael Casey and The Associated PressJuly 19, 2026

Trump hails World Cup as huge win for America: ‘It turned out we were a soccer country, and I think it’s going to remain’

By Seung Min Kim, Josh Boak and The Associated PressJuly 19, 2026

jon

The Democrats suddenly have a 39-year-old Senate warrior tearing into Trump and ‘Prince Don and Prince Eric’: Jon Ossoff

By Bill Barrow and The Associated PressJuly 19, 2026

haley

Ask her about why AIPAC spent $30 million on her Michigan Senate campaign and she’ll talk for 800 words about anything else

By Joey Cappelletti and The Associated PressJuly 19, 2026

tate

Tate brothers fled Romania — and rape allegations — on a private jet. Now they’re in a Miami jail cell

By Alanna Durkin Richer and The Associated PressJuly 19, 2026

ranch

Ranch dressing is quietly doing America’s diplomacy for it

By David BohigianJuly 19, 2026

The World Cup used to be known for autocracies and dictatorships winning. It’s looking different these days

By John A. Tures and The ConversationJuly 19, 2026

biden

Ginsburg and Biden’s blind spot: when leaders don’t know when to leave

By Michael SonnenfeldtJuly 19, 2026

How the U.S. Constitution was designed with respect for ‘a degree of depravity in mankind’

By Donovan Fifield and The ConversationJuly 19, 2026

‘Right to repair’ is coming to cars, but there’s still this big blind spot as consumers demand more autonomy

‘Right to repair’ is coming to cars, but there’s still this big blind spot as consumers demand more autonomy

By Joshua HongJuly 19, 2026

russia

Strong economies, strongman leaders: how China (and America’s) AI boom could create a new class of kowtowing elites

By José Kaire and The ConversationJuly 19, 2026

How United’s ‘premiumization’ strategy got passengers to swallow higher airfares without a fight

How United’s ‘premiumization’ strategy got passengers to swallow higher airfares without a fight

By Phil WahbaJuly 19, 2026

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Most Popular

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

placeholder alt text

By Eleanor PringleNovember 6, 2026

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

placeholder alt text

By Jason MaNovember 6, 2026

Florida voters nearly tripled the homeowner tax break — blowing an $11.8 billion hole in county budgets

placeholder alt text

By Abigail Hall, Aaron D. Wood and The ConversationNovember 6, 2026

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