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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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Kash Patel sits with his two fingers on lips

First they went after medtech, then Kash Patel. Iranian hackers’ next target is likely ‘low-hanging fruit’ in water, energy, and tourism, experts say

By Jacqueline MunisApril 10, 2026

kamala

Kamala Harris says she’s ‘thinking about’ running for president again: ‘I’ll keep you posted’

By Steve Peoples, Matt Brown and The Associated PressApril 10, 2026

In this photo illustration, a young man looks at his phone, and a flurry of red arrows point downward

Prediction markets have made betting easier than ever—and young men are paying the price

By Carlos GarciaApril 10, 2026

evs

Trump’s gift to China: a booming market for cheap, state-of-the-art EVs amid the Iran War

By Chan Ho-Him and The Associated PressApril 10, 2026

rex

The smoking crust: how reluctance to finish pizza slices captured a serial killer at large for 30 years

By Michael R. Sisak and The Associated PressApril 10, 2026

melania

Melania Trump in unusual White House statement: ‘the lies linking me with the disgraceful Jeffrey Epstein need to end today’

By Collin Binkley, Will Weissert and The Associated PressApril 10, 2026

Fortune 500 Power Moves: Two of America’s largest companies announced CFO transitions this week

Fortune 500 Power Moves: Two of America’s largest companies announced CFO transitions this week

By Fortune EditorsApril 10, 2026

Ukraine will have the most important defense industrial base in the free world, former CIA chief predicts

Ukraine will have the most important defense industrial base in the free world, former CIA chief predicts

By Jason MaApril 10, 2026

Dr. Oz and Trump at podium

‘It’s really slapdash’: Trump administration coughs up to egregious errors to justify New York health fraud probe

By The Associated Press and Ali SwensonApril 10, 2026

‘Babies become sitting ducks’: Babies too young for vaccines remain vulnerable in measles ‘hotbed’ communities

‘Babies become sitting ducks’: Babies too young for vaccines remain vulnerable in measles ‘hotbed’ communities

By The Associated Press, Laura Ungar and Devi ShastriApril 10, 2026

President Donald Trump delivers the State of the Union address during a joint session of Congress at the Capitol on February 24, 2026 in Washington, DC.

The next generation of senators has a ticking time bomb in its lap: Social Security’s impending insolvency and no plan for the national debt

By Eleanor PringleApril 10, 2026

Photo: Donald Trump

U.S. and Iran begin peace talks as Trump’s White House goes to war against the media, insider traders, and the Pope

By Jim EdwardsApril 10, 2026

stressed worker

The job market is so bad, workers now think they have worse odds of finding a role than during the pandemic

By Jake AngeloApril 10, 2026

A view of a bus shelter at Pennsylvania Avenue and 22nd Street NW where an electronic billboard and a poster display the current U.S. National debt per person and as a nation at 38 Trillion dollars on October 28, 2025 in Washington, DC.

‘We owe it to the next generation’ to get national debt under control, says think tank boss, as U.S. borrowing hits $1.2 trillion in just six months

By Eleanor PringleApril 10, 2026

‘Good for Russia, good for China, bad for America’: How the Iran war is reshaping global economies and power

‘Good for Russia, good for China, bad for America’: How the Iran war is reshaping global economies and power

By Nick LichtenbergApril 10, 2026

The world’s 500 richest people made more than a quarter trillion yesterday as volatile markets react to fragile Iran war ceasefire

The world’s 500 richest people made more than a quarter trillion yesterday as volatile markets react to fragile Iran war ceasefire

By Jacqueline MunisApril 9, 2026

Only five ships crossed the Strait of Hormuz Thursday, far below Iran’s pledge as negotiations begin

Only five ships crossed the Strait of Hormuz Thursday, far below Iran’s pledge as negotiations begin

By Eva RoytburgApril 9, 2026

Willie Walsh, wearing a blue suit, looks to his right with his mouth slightly open.

Jet fuel supply disruptions are comparable to 9/11 and could take months to replenish even if Hormuz Strait is reopening, airline trade group warns

By Sasha RogelbergApril 9, 2026

Immigration Detention center

‘This utter lack of communication and consultation flies in the face of federal law’: states push against immigration detention plans

By The Associated Press and Heather HollingsworthApril 9, 2026

oil

Goldman flags $100-plus Brent if Hormuz shut another month

By Jake Lloyd-Smith and BloombergApril 9, 2026

leavitt

The cease-fire that wasn’t: Here’s why Trump and Iran never really agreed to the same terms

By Will Weissert and The Associated PressApril 9, 2026

Nutella seen aboard the Orion spacecraft Integrity.

Nutella jumps on the best product placement money can’t buy: A trip to the far side of the Moon

By Catherina GioinoApril 9, 2026

kash

Trump’s ‘cease-fire’ won’t stop Iranian hackers for long, cyber experts say

By David Klepper and The Associated PressApril 9, 2026

strait

First, Iran and Hormuz, second, China and Taiwan? The dangerous implications of a tollbooth on the open sea

By David McHugh, John Leicester and The Associated PressApril 9, 2026

schumer

Democrats begin to realize that an illegal war and a threat of genocide are grounds for Trump’s removal

By Stephen Groves, Lisa Mascaro, Kevin Freking and The Associated PressApril 9, 2026

lego

AI-savvy pro-Iran groups troll America with Lego Movie-style propaganda videos mocking American failure

By Sam McNeil and The Associated PressApril 9, 2026

rex

A serial killer stalked Long Island’s Gilgo Beach for 30 years. A blank-faced 62-year-old architect just pleaded guilty

By Michael R. Sisak and The Associated PressApril 9, 2026

fuller

‘In rural, urban, red, blue, Democrats have overperformed everywhere’: GOP wakes up to freight train heading their way

By Scott Bauer, Jeff Amy, Jonathan J. Cooper and The Associated PressApril 9, 2026

vance

European far-right loved Trump for years until he went to war next door in Iran

By Nicholas Riccardi, Justin Spike and The Associated PressApril 9, 2026

markets

Oil climbs back toward $100 a barrel, stock futures fall as Wall Street digests botched cease-fire

By Chan Ho-Him, Matt Ott and The Associated PressApril 9, 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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