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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 72 of 100

bbc

BBC plans to cut up to 2,000 jobs to save 10% of annual budget

By Brian Melley and The Associated PressApril 16, 2026

worker

Most of you are rejecting AI. The data shows you’re running out of time

By Nick LichtenbergApril 16, 2026

Photo: Oil tanker.

Peace talks are back on while the U.S. plays cat-and-mouse with rogue ships in the Strait of Hormuz

By Jim EdwardsApril 16, 2026

shetty

When the shocks keep coming, farmer cooperatives are the only buffer that works

By Shobha ShettyApril 16, 2026

The Iran war’s fertilizer shock is hammering American farmers, and 70% can’t afford what they need for this year’s growing season

The Iran war’s fertilizer shock is hammering American farmers, and 70% can’t afford what they need for this year’s growing season

By Marco Quiroz-GutierrezApril 16, 2026

A older man walks with a sign that says "Learn from Vietnan. Don't repeat the mistake. Peace now."

Meet the Americans refusing to pay their taxes in protest of the Trump administration

By Jacqueline MunisApril 16, 2026

Germany already told its workers to ditch four-day weeks and work-life balance. Now the government wants to cut their pay for calling in sick, too

Germany already told its workers to ditch four-day weeks and work-life balance. Now the government wants to cut their pay for calling in sick, too

By Orianna Rosa RoyleApril 16, 2026

hormuz

Why no nation is truly ‘energy independent’ while the Strait of Hormuz remains closed

By Jordan BlumApril 16, 2026

Exclusive: Doctors and education experts who studied AI’s impact on the young call for a 5-year moratorium in schools

Exclusive: Doctors and education experts who studied AI’s impact on the young call for a 5-year moratorium in schools

By Catherina GioinoApril 16, 2026

trump

Trumpflation hits the World Cup: Fans face $80–$100 transit fares on top of $4,000-plus tickets

By Jake AngeloApril 15, 2026

yale

Teacher, blame thyself: Yale report savages Ivy League schools for destroying American trust in higher education

By Nick LichtenbergApril 15, 2026

Fed chair nominee Kevin Warsh is worth more than $100 million and has stakes in SpaceX and Polymarket

Fed chair nominee Kevin Warsh is worth more than $100 million and has stakes in SpaceX and Polymarket

By Jacqueline MunisApril 15, 2026

live nation

‘Robbing them blind, baby’: Live Nation and Ticketmaster are a monopoly, jury rules

By Larry Neumeister and The Associated PressApril 15, 2026

trump

Donald and Leo is the latest power-versus-pope showdown stretching back 1,000 years

By Joëlle Rollo-Koster and The ConversationApril 15, 2026

warren

Arts & Entertainment

Elizabeth Warren on her proposal to bring back IRS Direct File: ‘For just one day of bombing Iran, we could pay for 20 years’

By Catherina GioinoApril 15, 2026

Pete Hegseth speaks with both hands in the air as Donald Trump looks on in the background.

‘I am certain’: Harvard policy expert warns the true cost of the Iran war to U.S. taxpayers will exceed $1 trillion

By Sasha RogelbergApril 15, 2026

strait

Iran and the U.S. live in 2 different worlds, law of the sea expert says—and both of those are different from most maritime law

By Elizabeth Mendenhall and The ConversationApril 15, 2026

People protesting against tax giants.

How a free tax filing system from the government went from 296,000 users to zero in just one year

By Catherina GioinoApril 15, 2026

U.S. President Donald Trump waves to the media after walking off of Air Force One at Miami International Airport on April 11, 2026 in Miami, Florida.

Trump says the Iran war is ‘very close to over’—despite no deal, a live blockade, and threats mounting

By Eva RoytburgApril 15, 2026

meat

Polarized Minnesota politicians find something to agree on: the meat raffle

By Steve Karnowski, Mark Vancleave and The Associated PressApril 15, 2026

hampshire

Hampshire College closes, the latest in a string of small schools to fold under demographic, financial pressure

By Michael Casey, Leah Willingham and The Associated PressApril 15, 2026

snap

Snap to cut about 1,000 jobs, or 16% of its global workforce

By The Associated PressApril 15, 2026

lebanon

Iran, U.S. close to agreeing cease-fire extension, officials say

By Samy Magdy, Sam Metz, Munir Ahmed and The Associated PressApril 15, 2026

dees

A retired general’s warning: America can’t fight the AI arms race on tech it doesn’t control

By Robert F. DeesApril 15, 2026

Silicon Valley has no monopoly on AI brainpower. That’s why Demis Hassabis is very happy to stay in London

Silicon Valley has no monopoly on AI brainpower. That’s why Demis Hassabis is very happy to stay in London

By Kamal AhmedApril 15, 2026

Gavin Newsom stands behind a podium with a piece of paper in his hands as people celebrate around him.

Economists warned California not to raise the minimum wage to $20. They were wrong in almost every way so far, another economist says

By Sasha RogelbergApril 15, 2026

With global oil supplies weeks away from systemic shortages, Trump teases an end to the war

With global oil supplies weeks away from systemic shortages, Trump teases an end to the war

By Jim EdwardsApril 15, 2026

trump

Trump’s White House: America is short 10 million houses

By Josh Boak and The Associated PressApril 14, 2026

suburb

Another month, another record-high home price: March hits $408,800—the 33rd straight increase

By Jake AngeloApril 14, 2026

xi jinping

Xi Jinping says the world order is ‘crumbling into disarray.’ Larry Fink and the IMF are worried about a global recession

By Nick LichtenbergApril 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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