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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

News

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

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‘It’s gross’: Protesters unfurl yacht-length banner against Trump’s ambassador in Venice

By Colleen Barry and The Associated PressJuly 18, 2026

Trump monetizing his social media account is ‘odious’ and ‘brazen corruption’ — or an attempt to revive a 70% stock price crash since election

By Bernard Condon and The Associated PressJuly 18, 2026

bank

Citizens Bank drops links with private prison companies, citing ‘changed commercial circumstances’

By Ken Sweet and The Associated PressJuly 18, 2026

dna

‘My mind was just completely blown’: 2 families sue hospital after DNA proves their kids were switched at birth 38 years ago

By Mikella Schuettler, Thomas Peipert, Gene Johnson and The Associated PressJuly 18, 2026

Trump, Iran and Jimmy Carter — experts think it’s ‘dawning on him’ that he should have paid closer attention to history

Trump, Iran and Jimmy Carter — experts think it’s ‘dawning on him’ that he should have paid closer attention to history

By Will Weissert and The Associated PressJuly 18, 2026

time

It’s time to dump time zones

By Steve H. HankeJuly 18, 2026

Peter Thiel just gave the public its closest look yet at his ‘Antichrist’ theory—and it’s a tech and climate regulator

By Nick LichtenbergJuly 18, 2026

After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others

After the Supreme Court killed his first tariffs, Trump turns to a new legal workaround to impose 25% tariffs on Brazil and possibly others

By Marco Quiroz-GutierrezJuly 17, 2026

Xi offers AI olive branch to the world, calling for ‘symphony of global cooperation’

By Han Guan Ng, Chan Ho-Him and The Associated PressJuly 17, 2026

white house

Broadcast networks wrestle with whether to air Trump’s conspiracy theories or get sanctioned for dropping him

By Jocelyn Noveck and The Associated PressJuly 17, 2026

ice

ICE officer in fatal Maine shooting had history of mental health crises, Congress learns in ‘bombshell’ report

By Lisa Mascaro and The Associated PressJuly 17, 2026

trump

White House insists it has ‘extremely strict ethical guidelines’ as teleprompter op goes on unpaid leave over $100,000 insider trading allegations

By Bill Barrow and The Associated PressJuly 17, 2026

Trump is selling millisecond access to his Truth Social blasts — and traders are already lining up

By Bernard Condon and The Associated PressJuly 17, 2026

Startups & Venture

The VC betting $5.4 billion that Suno is the future of music

By Lily Mae LazarusJuly 17, 2026

How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy

How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy

By Phil WahbaJuly 17, 2026

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation

By Marco Quiroz-GutierrezJuly 17, 2026

tillis

Epstein survivors say Todd Blanche ignored them. Now one Republican senator is making him listen

By Alanna Durkin Richer, Joey Cappelletti and The Associated PressJuly 16, 2026

Tariff Man’s money machine broke. Now he’s trying to fix it with a forced‑labor crusade

By Paul Wiseman and The Associated PressJuly 16, 2026

‘We absolutely screwed up’: JD Vance blames Pam Bondi for the Trump administration’s miscommunication around the Epstein files

‘We absolutely screwed up’: JD Vance blames Pam Bondi for the Trump administration’s miscommunication around the Epstein files

By The Associated Press and Seung Min KimJuly 16, 2026

Europe optimized its supply chains for cost. Now it must pay for resilience

Europe optimized its supply chains for cost. Now it must pay for resilience

By Richard SaynorJuly 16, 2026

Musk says he’s blocked from South Africa because he’s white. Amazon just moved in

By Gerald Imray and The Associated PressJuly 16, 2026

Photo: Dario Amodei

Meta Oversight Board study: AI chatbots may be the most perfect propaganda machine ever invented

By Didi Tang and The Associated PressJuly 16, 2026

trump

Trump insists ‘Iran is unhappy right now’ while venting about ‘electric catapults that don’t work’ at defense tech summit

By Will Weissert, Sagar Meghani and The Associated PressJuly 16, 2026

prosecutor

Seattle’s top prosecutor was waiting in the courthouse lobby an hour after he got the job when Trump fired him over email

By Gene Johnson and The Associated PressJuly 16, 2026

Analysis: Trump approves 80% of GOP disaster aid — and 60% for Democrats

By David A. Lieb, M.K. Wildeman and The Associated PressJuly 16, 2026

pool

Trump’s ‘American Flag Blue’ in the Lincoln Memorial pool is already gray — and the Olympic canoer ‘vandal’ is fighting his arrest

By Matthew Daly and The Associated PressJuly 16, 2026

clark

Washington still voted to send Israel $3.3 billion in aid — but over half of the House Democrats revolted

By Lisa Mascaro, Nick Lichtenberg and The Associated PressJuly 16, 2026

clock

Congress wants to party like it’s 1974 — the last time permanent daylight savings failed in ‘pitch black’ mornings

By Deepti Hajela and The Associated PressJuly 16, 2026

steel

‘British Steel now belongs to the British people’: China booted from national champion to save thousands of jobs

By Danica Kirka and The Associated PressJuly 16, 2026

The time for Clarity is here: Congress has a chance to pass the most important technology law since the Telecoms Act

The time for Clarity is here: Congress has a chance to pass the most important technology law since the Telecoms Act

By Patrick McHenryJuly 16, 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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