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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

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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

Current price of oil as of November 6, 2026

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

Current price of oil as of November 6, 2026

News

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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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‘This administration’s goal is to instill fear into people’: immigrants seeking asylum are sent to countries they’ve never been to

‘This administration’s goal is to instill fear into people’: immigrants seeking asylum are sent to countries they’ve never been to

By The Associated Press, Tim Sullivan, Garance Burke, Joshua Goodman, Molly A. Wallace and Rodney MuhumuzaApril 2, 2026

nic

Prediction markets caught insider traders in real time. Congress wants to shut them down anyway

By Nic PuckrinApril 2, 2026

Here’s why King Charles is coming to America. And it is not the reason the president thinks

Here’s why King Charles is coming to America. And it is not the reason the president thinks

By Kamal AhmedApril 2, 2026

Prediction markets have sparked a golden age of insider trading—but the party may be coming to an end

Prediction markets have sparked a golden age of insider trading—but the party may be coming to an end

By Jeff John RobertsApril 2, 2026

Asian markets drop after Trump signals he’ll bomb Iran ‘back to the stone ages,’ tells other countries to ‘take the lead’ in reopening Hormuz

Asian markets drop after Trump signals he’ll bomb Iran ‘back to the stone ages,’ tells other countries to ‘take the lead’ in reopening Hormuz

By Nicholas GordonApril 2, 2026

Trump at a podium

Trump will address the nation about the Iran war on Wednesday. Here’s what to expect

By Eva RoytburgApril 1, 2026

A SpaceX Falcon 9 rocket is displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California.

Startups & Venture

SpaceX has filed confidentially for IPO ahead of AI rivals

By Bailey Lipschultz, Edward Ludlow and BloombergApril 1, 2026

ntsb

Why hands-free systems in self-driving cars aren’t actually safer, according to the NTSB

By Josh Funk and The Associated PressApril 1, 2026

tiger

Tiger Woods says he’ll seek treatment for substance abuse after another DUI arrest

By Mike Schneider and The Associated PressApril 1, 2026

karen

The quadruple amputee cornholer’s shooting was in self-defense, lawyer says

By Brian Witte and The Associated PressApril 1, 2026

Luigi Mangione’s federal trial has been pushed back to October in killing of UnitedHealthcare CEO

Luigi Mangione’s federal trial has been pushed back to October in killing of UnitedHealthcare CEO

By The Associated Press, Michael R. Sisak and Larry NeumeisterApril 1, 2026

Hershey is moving back to the original recipe for Reese’s Peanut Butter Cups after the chocolate’s grandson blasted them last month

Hershey is moving back to the original recipe for Reese’s Peanut Butter Cups after the chocolate’s grandson blasted them last month

By The Associated Press and Dee-Ann DurbinApril 1, 2026

AI is saving workers up to an hour a day—but Goldman Sachs says 80% of companies aren’t using it yet

By Nick LichtenbergApril 1, 2026

COVID gave us hybrid work. The Iran war might give us a four-day week—and this time, experts say it could stick

COVID gave us hybrid work. The Iran war might give us a four-day week—and this time, experts say it could stick

By Orianna Rosa RoyleApril 1, 2026

trump

The EPA just valued a human life at $0. That’s not just a moral crisis — it’s a market crisis

By Andrew BeharApril 1, 2026

pelosi

Congress has a lower approval rating than Hitler in some polls. And we just keep voting for the same 2 parties

By Stu StrumwasserApril 1, 2026

Photo: Donald and Melania Trump.

Trump has no good options in Iran—here are 5 of them ahead of his speech to the nation tonight

By Jim EdwardsApril 1, 2026

gen z

Gen Z is engineering an analog future — and it’s at least a $5 billion opportunity

By Luba KassovaApril 1, 2026

The more women earn, the more housework they do: Inside the paradox a Wharton economist calls ‘an existential problem for men’

The more women earn, the more housework they do: Inside the paradox a Wharton economist calls ‘an existential problem for men’

By Catherina GioinoApril 1, 2026

MUSCAT, OMAN - MARCH 22: The Albina Bulk carrier sits anchored on March 22, 2026 at Sultan Qaboos Port in Muscat, Oman.President Donald Trump had threatened to attack Iran's energy infrastructure if it did not end its de facto blockade of the Strait of Hormuz by just before midnight GMT of March 23. A subsequent statement from President Trump said the U.S. and Iran had held "very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East," and that he would postpone any attacks on Iranian energy infrastructure for five days. Maritime traffic through the strait, which conveys about 20% of the world's oil and gas, has mostly come to a halt after the joint U.S.-Israeli war with Iran that began on February 28.

Trump has a labyrinth of bad options in the Strait of Hormuz. Here’s why some warn that walking away could transcend ‘our defeat in Vietnam’

By Jordan BlumMarch 31, 2026

Wall Street just had its best day in nearly a year over a rumor

Wall Street just had its best day in nearly a year over a rumor

By Eva RoytburgMarch 31, 2026

hegseth

‘Go get your own oil’: Trump’s message to allies who haven’t backed war in Iran

By Jon Gambrell, Mike Corder, Darlene Superville and The Associated PressMarch 31, 2026

artemis

NASA is finally going back to the moon, with Artemis II. What took so long?

By Emily A. Margolis and The ConversationMarch 31, 2026

houthi

The Strait of Hormuz crisis is drawing eyes to another point nearby: ‘the Gate of Tears’

By Flavio Macau and The ConversationMarch 31, 2026

man plays bass on stage

Fresh off victory over cops in ‘Lemon Pound Cake’ trial, Afroman heads to address Bitcoin’s biggest gathering

By Carlos GarciaMarch 31, 2026

Anthropic mistakenly leaks its own AI coding tool’s source code, just days after accidentally revealing an upcoming model known as Mythos

Anthropic mistakenly leaks its own AI coding tool’s source code, just days after accidentally revealing an upcoming model known as Mythos

By Beatrice NolanMarch 31, 2026

tiger

Tiger Woods had pills in his pocket, bloodshot and glassy eyes, sheriff’s office says

By Mike Schneider and The Associated PressMarch 31, 2026

zuck

2 years after Musk challenged Zuckerberg to a cage match, they were texting about DOGE and a joint OpenAI bid, court records reveal

By Sasha RogelbergMarch 31, 2026

U.S. President Donald Trump reacts during a Cabinet meeting in the Cabinet Room of the White House on March 26, 2026 in Washington, DC

Markets cheer as Trump threatens to abandon Iran war, but Jamie Dimon sides with allies: ‘Win this thing and clean up the straits’

By Eva RoytburgMarch 31, 2026

schumer

Democrats in disarray as rank and file clash with Chuck Schumer’s plan to run elderly moderates in must-win races

By Joey Cappelletti and The Associated PressMarch 31, 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

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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

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By Jason MaNovember 6, 2026

Personal Finance

Current price of oil as of November 6, 2026

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By Joseph HostetlerNovember 6, 2026

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