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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

More NewsPage 36 of 100

Rubio blames Brazil’s 25% tariffs on Lula’s ‘ego’ — but exempts coffee and beef

By Michelle L. Price and The Associated PressJuly 16, 2026

New School economist: Trump Accounts will widen America’s wealth gaps

By Darrick HamiltonJuly 16, 2026

Elon Musk loses trillionaire status as SpaceX stock deflates—and Wisconsin officials want him investigated for election ‘bribery’

Elon Musk loses trillionaire status as SpaceX stock deflates—and Wisconsin officials want him investigated for election ‘bribery’

By Jim EdwardsJuly 16, 2026

New 250th anniversary coin depicting Trump.

Scott Bessent says $1 coin with Trump’s face on it will ‘honor the enduring legacy of liberty’ with a ‘lasting symbol of patriotism’

By Catherina GioinoJuly 15, 2026

mark

YouTube appeals verdict, argues it isn’t a social media platform

By Kaitlyn Huamani and The Associated PressJuly 15, 2026

mike

GOP’s $95 billion war-and-voting bill adds no offsets to $2 trillion deficit

By Kevin Freking, Lisa Mascaro and The Associated PressJuly 15, 2026

A woman at a police commission meeting stands behind a podium speaking animatedly.

LAPD was one of Flock Safety’s biggest government customers. Now it’s renegotiating its partnership over ‘serious concerns around civil liberties’

By Sasha RogelbergJuly 15, 2026

cdc

CDC nominee refuses to say if she’d defy RFK Jr. on vaccine orders

By Mike Stobbe and The Associated PressJuly 15, 2026

blanche

‘I’m his lawyer’ — acting Attorney General briefly forgets he’s supposed to represent Americans

By Eric Tucker, Alanna Durkin Richer and The Associated PressJuly 15, 2026

pete

Pete Hegseth wants to test troops for ‘testosterone deficiency’ — literally

By Konstantin Toropin, Matthew Perrone and The Associated PressJuly 15, 2026

The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution

By Steve H. Hanke and David M. WalkerJuly 15, 2026

khalil

Palestinian activist cites the Ku Klux Klan Act in suit accusing pro-Israel groups of conspiracy against student activists

By Jake Offenhartz and The Associated PressJuly 15, 2026

ice

Inside ICE’s ‘weaponized vehicle’ defense: why cars as weapons don’t automatically justify deadly force

By The Associated PressJuly 15, 2026

odu

This marine biologist warned that coral loss could collapse the oceans. Then 3 men walked into his house and shot him

By The Associated PressJuly 15, 2026

mike

Trump wants Minnesota voters to turn to ‘Pillow Man’ Mike Lindell for governor

By Bill Barrow and The Associated PressJuly 15, 2026

maine

An ICE officer fired into another moving car, this time in Maine

By Patrick Whittle, Rebecca Santana, Tim Sullivan, Claire Galofaro and The Associated PressJuly 15, 2026

elon

Elon Musk’s $1 million offers to voters in Wisconsin election were probably illegal bribes, bipartisan panel rules

By Scott Bauer and The Associated PressJuly 15, 2026

lombardo

‘I’m Joe Lombardo’: Nevada governor stopped by police, let go without citation

By Jessica Hill and The Associated PressJuly 15, 2026

joe

Just what you wanted before the midterms: a book by Joe Biden explaining himself

By Hillel Italie and The Associated PressJuly 15, 2026

zuck

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 2026

gus

House votes 308-117 to end the tyranny of daylight savings time, signing onto ‘ditch the switch’ bill

By Kevin Freking and The Associated PressJuly 15, 2026

ruemmler

House Epstein probe calls ‘Uncle Jeffrey’ email author Kathryn Ruemmler, former Obama White House counsel and Goldman Sachs banker

By Joey Cappelletti and The Associated PressJuly 15, 2026

Photo: President Trump.

Trump threatens Iran with more bombing as U.S. missile stockpiles decline, the Strait of Hormuz slams shut, and there’s no endgame in sight

By Jim EdwardsJuly 15, 2026

shapiro

Josh Shapiro’s push for an all-day phone ban in schools tests what actually helps anxious teens

By Elizabeth Dowdell and The ConversationJuly 15, 2026

Man speaks into a microphobe

An SEC email address mix-up is causing confusion and threatening to disrupt its proposal to scrap quarterly reporting requirements

By Amanda GerutJuly 14, 2026

Trump reduces size of two national monuments by 90% in efforts to expand land development

Trump reduces size of two national monuments by 90% in efforts to expand land development

By The Associated Press, Matthew Brown and Savannah PetersJuly 14, 2026

Twelve states sue Paramount over $81 billion Warner Bros. merger, arguing it would ‘extinguish competition’ and lead to lower quality shows

Twelve states sue Paramount over $81 billion Warner Bros. merger, arguing it would ‘extinguish competition’ and lead to lower quality shows

By Wyatte Grantham-PhilipsJuly 14, 2026

Kids near table in a school setting

Native American graduation rates hit a record high but tribal leaders fear Trump-era cuts could reverse the gains

By The Associated Press and Savannah PetersJuly 14, 2026

The secrets of an unheralded AI success story

By Jeremy KahnJuly 14, 2026

housing

The first major housing law since the 1990s skips the one fix that economists say renters need

By Kirk McClure, Alex Schwartz and The ConversationJuly 14, 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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