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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

More NewsPage 81 of 100

sony

Sony raises PlayStation price another $100, second price hike in under a year

By Matt Ott and The Associated PressMarch 29, 2026

iran

Iran dismisses diplomatic talks, says any U.S. troops would be ‘on fire’ as soon as they arrive

By Sam Metz, Munir Ahmed, Samy Magdy and The Associated PressMarch 29, 2026

leo

God isn’t pro-war, Pope clarifies: ‘He does not listen to the prayers of those who wage war, but rejects them’

By Nicole Winfield and The Associated PressMarch 29, 2026

tiger

Tiger Woods arrested, charged with driving under the influence after he rolls his car in Florida

By The Associated PressMarch 29, 2026

I helped build Facebook and saw it go wrong. AI is headed the same way

I helped build Facebook and saw it go wrong. AI is headed the same way

By Justin RosensteinMarch 29, 2026

Senator Elizabeth Warren

The ROAD Act passed by the Senate aims to expand America’s housing supply. It’s likely to shrink it instead

By Shawn TullyMarch 29, 2026

peter

Former Trump official: the U.S. can win the AI race—if it gets patent policy right

By Laura PeterMarch 29, 2026

Bruce Springsteen headlines Minnesota ‘No Kings’ rally as anti-Trump protesters march across the U.S. and Europe

Bruce Springsteen headlines Minnesota ‘No Kings’ rally as anti-Trump protesters march across the U.S. and Europe

By Mark Vancleave, Steve Karnowski, Todd Richmond, John Hanna and The Associated PressMarch 28, 2026

French authorities open terrorism probe after police thwart a suspected bombing outside a Bank of America building in Paris

French authorities open terrorism probe after police thwart a suspected bombing outside a Bank of America building in Paris

By The Associated PressMarch 28, 2026

413,793 KitKat bars stolen: ‘Whilst we appreciate the criminals’ exceptional taste, the fact remains that cargo theft is an escalating issue’

413,793 KitKat bars stolen: ‘Whilst we appreciate the criminals’ exceptional taste, the fact remains that cargo theft is an escalating issue’

By The Associated PressMarch 28, 2026

Ukraine looks to leverage its help to Arab Gulf states fighting off Iranian drones in exchange for interceptors against Russian missiles

Ukraine looks to leverage its help to Arab Gulf states fighting off Iranian drones in exchange for interceptors against Russian missiles

By Volodymyr Yurchuk and The Associated PressMarch 28, 2026

Actors union is bargaining for ‘Tilly tax’ on AI film characters

Actors union is bargaining for ‘Tilly tax’ on AI film characters

By Victor Swezey and BloombergMarch 28, 2026

Iranian attack on Saudi base injures at least 15 U.S. troops while 2,500 Marines arrive in the Mideast ahead of Trump’s new Hormuz deadline

Iranian attack on Saudi base injures at least 15 U.S. troops while 2,500 Marines arrive in the Mideast ahead of Trump’s new Hormuz deadline

By Aamer Madhani, Samy Magdy, Ben Finley and The Associated PressMarch 28, 2026

U.S. debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war. ‘The bond market remains undefeated’

U.S. debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war. ‘The bond market remains undefeated’

By Jason MaMarch 28, 2026

Biden’s Build America, Buy America law spurs affordable housing bottleneck as Trump’s federal staffing cuts slow waiver approvals

Biden’s Build America, Buy America law spurs affordable housing bottleneck as Trump’s federal staffing cuts slow waiver approvals

By Charlotte Kramon and The Associated PressMarch 28, 2026

As fuel prices soar on Iran war, some lawmakers push to suspend federal gas tax that pays for highway and public transit programs

As fuel prices soar on Iran war, some lawmakers push to suspend federal gas tax that pays for highway and public transit programs

By Matthew Daly and The Associated PressMarch 28, 2026

Trump signs order to pay TSA workers after House GOP rejects deal to end shutdown. ‘America’s air travel system has reached its breaking point’

Trump signs order to pay TSA workers after House GOP rejects deal to end shutdown. ‘America’s air travel system has reached its breaking point’

By Kevin Freking, Lisa Mascaro, Joey Cappelletti and The Associated PressMarch 28, 2026

Iran-backed Houthis claim first missile launch on Israel, raising fears they will attack ships in the Red Sea and disrupt traffic through Suez Canal

Iran-backed Houthis claim first missile launch on Israel, raising fears they will attack ships in the Red Sea and disrupt traffic through Suez Canal

By Samy Magdy, Aamer Madhani, Jon Gambrell and The Associated PressMarch 28, 2026

dog

What avalanche safety training can teach corporate boards about bad decisions

By Jane SadowskyMarch 28, 2026

Elon Musk’s name alone is turning Nashville residents against his tunnel project, survey shows

Elon Musk’s name alone is turning Nashville residents against his tunnel project, survey shows

By Marco Quiroz-GutierrezMarch 28, 2026

Are you addicted to technology? 6 questions experts use to help spot red flags

Are you addicted to technology? 6 questions experts use to help spot red flags

By Kristin StollerMarch 28, 2026

Meta promised it wouldn’t spy on you with its AI smart glasses. A lawsuit says humans are watching you, actually

Meta promised it wouldn’t spy on you with its AI smart glasses. A lawsuit says humans are watching you, actually

By Catherina GioinoMarch 27, 2026

Indonesia faces a ‘perfect storm’ of downgrade fears, trade tensions and now the Iran war—and 2026 has only just started

Indonesia faces a ‘perfect storm’ of downgrade fears, trade tensions and now the Iran war—and 2026 has only just started

By Nicholas GordonMarch 27, 2026

donald trump

Trump moves to shield farmers rattled by tariffs and war. But the U.S. is already doling out $10B to near-millionaire and even billionaire farmers

By Jake AngeloMarch 27, 2026

Israel strikes Iran’s nuclear facilities as Tehran vows retaliation ‘will no longer be an eye for an eye’

Israel strikes Iran’s nuclear facilities as Tehran vows retaliation ‘will no longer be an eye for an eye’

By Jon Gambrell, David Rising and The Associated PressMarch 27, 2026

Affordable housing is stuck in limbo thanks to a ‘Made in USA’ law that nobody can figure out how to follow

Affordable housing is stuck in limbo thanks to a ‘Made in USA’ law that nobody can figure out how to follow

By Charlotte Kramon and The Associated PressMarch 27, 2026

Meet the 14-year-old running for governor of Vermont—he has a message for Gen Alpha

Meet the 14-year-old running for governor of Vermont—he has a message for Gen Alpha

By Amanda Swinhart and The Associated PressMarch 27, 2026

kid on laptop with parent blindfolding them

Americans want kids shielded from the internet. They don’t trust websites or the government to do anything about it

By Catherina GioinoMarch 27, 2026

Airports complain early bird travelers are making TSA lines even worse

Airports complain early bird travelers are making TSA lines even worse

By John Seewer and The Associated PressMarch 27, 2026

The Iran war could drag into 2027, analyst warns. The economic fallout is just getting started

The Iran war could drag into 2027, analyst warns. The economic fallout is just getting started

By Jason MaMarch 27, 2026

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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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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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