Business / Fortune ·
AI agents went shopping for TVs and laptops—and messed up nearly 50% of the time, study shows
In a first of its kind experiment, Gemini and Muse agents scored the highest when it come to carrying out tasks like buying a TV.
Business
VCs, funding, deals, markets and the economy behind tech.
Business / Fortune ·
Congress’s first task post-midterms is to figure out how to keep funding America—and that’s before it addresses the $40 trillion national debt
"Washington should heed the demand of voters to focus on issues impacting their pocketbook while also living up to the responsibility entrusted in elected leaders to be stewards of our nation’s fiscal future."
Business / Fortune ·
Elon Musk may have bought control of the post-Trump Republican Party … but it cost him $30 billion of his net worth
Everything you need to know before you reach the office this morning.
Business / Fortune ·
Petrovietnam ran out of Middle East crude during the Iran war—now it’s betting on LNG, wind, and nuclear
CEO Le Manh Cuong says Petrovietnam went without Middle East crude during the Iran war and is now diversifying into LNG, wind, and nuclear.
Business / Fortune ·
What CEOs should actually take away from the Democrats’ midterm sweep
Also: All the news and watercooler chat from Fortune.
Business / Fortune ·
Meet the AI company retiring your CPA so he can still see you face to face this tax season
Numica has bought seven small accounting firms from owners ready to retire. Software does the books, and the old CPA can stay on to see clients.
Business / Fortune ·
Ken Griffin and Jeff Bezos helped make Miami a billionaire magnet—but Florida’s new $250,000 homestead exemption barely makes a dent for them
A middle-class homeowner and the owner of a $50 million mansion could save about the same $2,000 a year under Florida’s new property tax cut. Only one of them will notice.
Business / Fortune ·
How the Democratic party flipped the House and Senate, in 12 charts
During the 2026 midterm election, Republicans lost control of both the House and Senate.
Business / Fortune ·
Prime Infra’s CEO says the Paris 1.5-degree goal is ‘feasible’ for Southeast Asia—if governments are willing to pay for it
Under the Paris Agreement, countries committed to holding the rise in global average temperature to well below 2°C above preindustrial levels.
Business / Fortune ·
Companies need to fortify supply chains for “a flock of black swan” events, says Toll Group executive chairman Thomas Knudsen
Supply chain shocks have piled up since 2020, including the COVID pandemic, Russia’s 2022 invasion of Ukraine and Trump’s 2025 tariffs.
Business / Fortune ·
How Abdul El-Sayed would build Medicare for All, from a wealth tax to a Fed-style governing board
The Michigan Democrat co-wrote a 2021 guide to single-payer that would fold Medicare, Medicaid, and ACA subsidies into one fund, with new taxes on the wealthy to cover the rest.
Business / Fortune ·
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.
Business / Fortune ·
‘Seismic’ blue wave triggers the sinking of oil prices, energy stocks, and the chances of power permitting reform
The overwhelming nature of the Democratic win is making everyone rethink energy strategies from Iran to Texas data centers.
Business / Fortune ·
After the midterms, Big Tech’s AI data center problem is only getting bigger
On Tuesday, U.S. voters delivered an overwhelming victory for Democratic candidates throughout the country that will upend the halls of power in Washington and data center hotbeds like Texas.
Business / Fortune ·
‘He basically gets to steer a political party’: Elon Musk is $474 million poorer post-election, but it may not have deterred his influence on 2028
“It’s not just about who wins,” one political spending expert said. “It's about setting the agenda and what types of issues we talk about.”
Business / Fortune ·
Democrat wins will slow data center construction and force tech to the negotiating table after even Republican stronghold of Texas flips
Three Democratic governors elected Tuesday have promised to reexamine data center expansion.
Business / Crunchbase News ·
Crunchbase Data: Less Than 2% Of 2026 Venture Funding Went To Post-Election Red States
So far this year, less than 2% of all startup investment has gone to companies in post-election red states, a share that is much smaller than in years’ past due to five states shifting to purple in the most recent election.
Business / Fortune ·
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.
Business / Fortune ·
America’s grid upgrade hinges on a 400-ton machine designed in the 1800s — and just one U.S. mill makes the special steel inside it
Between 2019 and 2025, demand for generator step-up transformers, those that connect power plants to the transmission grid, nearly tripled.
Business / Fortune ·
The richest 10% outspend the poorest quarter over 13 to 1 per child on childcare, education and activities — up from about 3 to 1 in the early 1980s
Before age 5, children from the poorest fourth of families receive about $44,000 less in total investments than children from the richest fourth.
Business / Fortune ·
Trump approved nearly 90% of disaster aid requests from all-Republican states and only 23% from all-Democratic ones
FEMA owes local governments almost $10 billion in reimbursements for recovery work that cities and towns have already paid for.
Business / Fortune ·
Airbnb CEO Brian Chesky says ‘founder mode’ cost him almost his entire executive team: ‘They left or they didn’t want to work for me’
Chesky was a natural founder but a “terrible CEO,” he said, and fixing that meant losing executives who wouldn’t adapt.
Business / Fortune ·
How ElevenLabs’ CTO is rolling out AI agents—and why he thinks bigger efficiency gains are ahead for the voice AI startup
CTO Alex Holt has deployed agents across sales, recruiting, and customer service. He's also beginning to embrace multi-agent systems to improve workflows across the $22 billion AI startup.
Business / Fortune ·
House Democrats are eyeing Trump’s pardons and his family’s crypto deals — the last time they ran oversight, his administration ignored subpoenas
Bondi refused to answer many questions from Democrats, instead launching personal attacks against these members of the U.S. Senate.