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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 76 of 100

iran

Trump and Iran both claim they have a cease-fire. They don’t agree on what they agreed to

By Jon Gambrell, Elena Becatoros and The Associated PressApril 9, 2026

iran

Iran closes strait, challenges U.S. to rein in Israel: ‘the world is watching whether it will act on its commitments’

By Bassem Mroue, Jon Gambrell, Samy Magdy, Sam Metz and The Associated PressApril 9, 2026

trump

Trump’s journey from ‘annihilation’ to ‘PEACE’ in one day rested on realization of a long-term battle to control Strait of Hormuz

By Aamer Madhani, Will Weissert, Josh Boak, Farnoush Amiri and The Associated PressApril 9, 2026

Photo: A fireball rises from a building hit by an Israeli airstrike in the area of Abbasiyeh, on the outskirts of the southern Lebanese city of Tyre, on April 8, 2026. Lebanon's army warned people against returning to the country's south on April 8, where the Israeli military is still launching attacks, as Israel said the ceasefire with Iran did not include its conflict with Hezbollah. (Photo by Kawnat HAJU / AFP via Getty Images)

Too much fire, not enough cease: Iran tightens its grip on global oil trade on eve of peace talks

By Jim EdwardsApril 9, 2026

Trump’s 2027 budget gambles on rosy assumptions—and if they don’t pan out, America edges closer to a fiscal crisis driven by runaway interest costs

Trump’s 2027 budget gambles on rosy assumptions—and if they don’t pan out, America edges closer to a fiscal crisis driven by runaway interest costs

By Shawn TullyApril 9, 2026

Man with glasses in a suit smiling

Warner Bros. CEO David Zaslav’s ‘extraordinary’ $887 million golden parachute gets ripped by proxy advisory firm ISS

By Amanda GerutApril 8, 2026

The Iran war is either concluding with the world worse off, or escalation is just delayed again

The Iran war is either concluding with the world worse off, or escalation is just delayed again

By Jordan BlumApril 8, 2026

Traders work on the floor of the New York Stock Exchange (NYSE) on April 04, 2025 in New York City.

Within a day, the Iran-U.S. ceasefire began breaking down. Markets shrugged

By Eva RoytburgApril 8, 2026

Analysts warn the TACO trade won’t last forever after an Iran ceasefire wipes out weeks of losses in markets

Analysts warn the TACO trade won’t last forever after an Iran ceasefire wipes out weeks of losses in markets

By Marco Quiroz-GutierrezApril 8, 2026

Fired Universities of Wisconsin president says he was ‘blindsided’ and still hasn’t been given a reason

Fired Universities of Wisconsin president says he was ‘blindsided’ and still hasn’t been given a reason

By Scott Bauer and The Associated PressApril 8, 2026

Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City on April 7, 2026.

From brinkmanship to TACO: Trump’s Iran pause triggers $1.5 trillion market rally

By Eva RoytburgApril 8, 2026

woman with ring light and iphone

China is going after fake expert influencers, and the FTC’s new five-year plan seems to lay the same groundwork

By Catherina GioinoApril 8, 2026

trump

Donald Trump Jr. says ‘the biggest names’ think Europe is a ‘disaster’ that needs to be fixed

By The Associated PressApril 8, 2026

agent

What do you do when your AI agent hallucinates with your money?

By Nick LichtenbergApril 8, 2026

Who owns ideas in the AI age?

Who owns ideas in the AI age?

By Francesca CassidyApril 8, 2026

Jamie Dimon, chief executive officer of JPMorgan Chase

The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management

By Eleanor PringleApril 8, 2026

Photo: Donald Trump

Trump’s ceasefire gives Iran control of the Strait of Hormuz—and Mojtaba Khamenei is reportedly alive

By Jim EdwardsApril 8, 2026

trump

Trump agrees 2-week ceasefire, says Iran has proposed a ‘workable’ 10-point peace plan

By Bassem Mroue, Jon Gambrell, Samy Magdy and The Associated PressApril 7, 2026

Photo of Jamie Dimon

Jamie Dimon warns of growing crypto competition in annual letter: ‘We need to roll out our own blockchain technology’

By Jack KubinecApril 7, 2026

US President Donald Trump speaks about the conflict in Iran in the James S. Brady Press Briefing Room of the White House on April 6, 2026, in Washington, DC. (

Markets cheer as Trump says he’s in ‘heated negotiations’ over a new Pakistani two-week ceasefire plan

By Eva RoytburgApril 7, 2026

data center

A councilmember backed a data center project. Then 13 bullets and a ‘No Data Centers’ note hit his home

By Jake AngeloApril 7, 2026

Photo of Donald Trump

Trump, the $39 trillion national debt, rosy growth assumptions, and the question of ‘a sustainable path’

By Nick LichtenbergApril 7, 2026

Photo of Vinod Khosla

Sam Altman and Vinod Khosla agree: AI will break the economy. Their fix is no income tax for most Americans

By Nick LichtenbergApril 7, 2026

Members of security forces watch over the crowd during a funeral procession held for IRGC Navy Chief Alireza Tangsiri, alongside other senior naval commanders and their families who were killed in US-Israeli strikes in late March, on April 1, 2026 in Tehran, Iran.

Iranians begin forming human chains around power plants ahead of Trump’s deadline, social media videos show

By Eva RoytburgApril 7, 2026

UNITED STATES - APRIL 6: President Donald Trump talks with reporters on the South Lawn during the White House Easter Egg Roll on Monday, April 6, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

Trump’s dire warning to Iran: ‘A whole civilization will die tonight, never to be brought back again’

By Eva RoytburgApril 7, 2026

trump

‘I’d love to keep that a secret, Mr. President’: Trump’s boasts about Iran rescue flummox top advisors

By Jonathan J. Cooper, Konstantin Toropin, Farnoush Amiri and The Associated PressApril 7, 2026

iran

Iran’s president says 14 million have offered to risk their lives just to stand up to Trump

By Bassem Mroue, David Rising, Samy Magdy and The Associated PressApril 7, 2026

Exclusive: Crypto hedge fund Split Capital winds down as its founder nabs new gig as an exec at stablecoin startup Plasma

Exclusive: Crypto hedge fund Split Capital winds down as its founder nabs new gig as an exec at stablecoin startup Plasma

By Ben WeissApril 7, 2026

Marvin Ellison

Lowe’s is investing $250 million to train plumbers, carpenters, and electricians as its CEO says skilled trades are ‘critical to the future’

By Preston ForeApril 7, 2026

Peter McCrory, head of economics, Anthropic.

Anthropic economics chief talks about the jobs that could be killed by AI

By Jim EdwardsApril 7, 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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