A drop in tourism to the U.S. is already costing the country billions, but a fee implemented in President Donald Trump’s signature spending bill could keep away even more visitors.
The bill institutes a $250 “visa integrity fee” starting in 2026 for non-immigrant U.S. visas, which include tourist, student and work visas. The added cost is designed to “encourage lawful conduct among foreign nationals visiting the United States,” but tourism officials say anything that makes traveling to the country more expensive will act as a deterrent.
The U.S. will co-host the World Cup the same year the charge goes into effect, and the tournament’s host cities are relying on filling stadiums and hotels with foreign visitors. As Trump implements the new fee and considers expanding the current 12-country travel ban, those host cities could see a big loss.
President Donald Trump announced his administration is imposing 30% tariffs on imports from the European Union and Mexico, hiking up the tariff rate for two of the U.S.’s biggest trading partners despite lengthy negotiations. It’s part of a new wave of tariff notices the Trump administration has been sending out to trading partners in recent days, including to Japan, South Korea, Canada and Brazil.
The price of bitcoin surpassed $120,000 for the first time late on Sunday, the latest milestone for the world’s most valuable cryptocurrency, which has continued to rally over the past few weeks. After a post-inauguration surge, the price of bitcoin fell to a low in April, before getting a boost starting in May in anticipation of the Senate’s approval of federal stablecoin regulations.
Amazon founder Jeff Bezos hasn’t been wasting any time since his lavish Venice wedding, as the billionaire has sold $1.5 billion worth of the company’s shares in the last two weeks. The reason for the sales is unclear, as the company’s stock has recovered from a steep drop at the beginning of the year. Forbes estimates Bezos is now worth $238.2 billion.
Critics of New York mayoral candidate Zohran Mamdani, including billionaire Bill Ackman and controversial Sequoia Capital partner Shaun Maguire, have targeted the academic work of the Democratic politician’s father, claiming it justifies suicide bombing. But experts told Forbes that the work of Mahmood Mamdani, a Columbia University professor, merely analyzes and does not promote these concepts, and is widely taught in undergraduate courses.
Jannik Sinner triumphed over his rival Carlos Alcarez to win the men’s title at Wimbledon on Sunday, securing a $4 million prize one day after Iga Swiatek took home the women’s title for the same amount. But tax analysts told Forbes their winnings will be cut nearly in half after paying required taxes.
Superman opened with an impressive $122 million at the domestic box office, the first big hit for DC Studios after a series of flops. The film’s opening day Friday was the second-largest of the year—grossing $56.5 million, ahead of Disney’s Lilo and Stitch but just behind A Minecraft Movie— despite some pushback over the movie from right-wing critics.
Measles was officially eliminated from the U.S. 25 years ago, but as vaccination rates drop amid the spread of misinformation, the disease has returned with record numbers. Measles cases this year are at a level not seen since 1991, according to a recent CDC report, with over half of the confirmed cases in Texas.
The One Big Beautiful Bill Act signed by President Donald Trump last week contains dozens of complex tax and other provisions that have generated confusion and misinformation. Forbes has been combing through the law to help answer some of the most common questions, including those regarding the new $6,000 senior deduction, a higher SALT (state and local income taxes) deduction and the much-talked-about “no tax on overtime and tips.”
More than a week after deadly flooding in Texas, state and local officials are increasingly taking the blame: The Texas Tribune found that Kerr County officials knew for a decade about the need for a better flood warning system, but state leaders repeatedly rejected its requests to pay the estimated $1 million cost. The county also used $10 million from the pandemic-era American Rescue Plan Act for other items—including pay raises—rather than storm-related infrastructure.
DAILY COVER STORY
In its 75-year history, Querétaro F.C. has never won a title in the top division of Mexican soccer, finishing 12th among the 18 teams in Liga MX this year. But six weeks after the conclusion of the season, the club, based about three hours northwest of Mexico City, has scored a major victory.
On Thursday, a group led by Marc Spiegel, founder and managing member of Atlanta-based investment firm Innovatio Capital, closed its purchase of Querétaro from Jorge Alberto Hank of Grupo Caliente, Mexico’s largest sports betting company. The deal values the club at more than $120 million, a person with knowledge of the terms tells Forbes.
The deal could soon be followed by the sales of three more Liga MX teams, which are all expected to trade at higher prices than Querétaro. The clubs have been on the block to eliminate a cross-ownership issue within Liga MX, where four groups have each maintained significant stakes in two rival teams simultaneously.
Removing those conflicts of interest would help satisfy FIFA rules that do not permit multiple teams with common ownership to participate in its interleague competitions. The motivation for the divestitures, however, has more to do with a Liga MX investment being negotiated by New York-based Apollo Global Management, which ranks among the world’s largest investment firms and manages more than $700 billion in assets.
WHY IT MATTERS “For now, Liga MX valuations trail far behind MLS, where teams are worth an average of $690 million, according to Forbes estimates,” says Forbes assistant managing editor Brett Knight. “But Liga MX has advantages over its American counterpart—including better TV viewership in the U.S.—and investors eager to own a sports franchise are starting to turn their attention south of the border. A deal with Apollo would overhaul the league’s broadcast rights—and potentially represent a tipping point for Liga MX’s entire business.”
MORE The Most Valuable MLS Teams 2025
FACTS + COMMENTS
A record-high share of Americans see immigration as a positive for the country, and a majority disapprove of President Donald Trump’s handling of the issue, according to a new Gallup poll. While Trump campaigned on policies to target people with criminal records, since he took office, ICE has increasingly arrested and detained immigrants with no criminal history:
62%: The share of Americans who say they do not approve of Trump’s recent immigration policies
78%: How many are in favor of offering pathways to citizenship for undocumented immigrants
1 million: The number of immigrants Trump has pledged to deport each year while in office
STRATEGY + SUCCESS
Posting on LinkedIn is a great way to stand out to your professional network, but it’s important to know what works and what doesn’t on the platform. Avoid posting AI-generated content without adding human insight, and don’t overshare your personal or professional trauma. Instead, consider posting inspiring transformation stories and putting your original thinking on display.
VIDEO
QUIZ
Minor League Baseball teams are known for getting creative with their food options each summer, as fans flock to the ballpark to try new—and sometimes strange—menu items. Which of the following dishes is the Hub City Spartanburgers of Spartanburg, South Carolina, serving up this season?
A. Deep Fried Pizza
B. Cotton Candy Fries
C. Cheetos-Dusted Ice Cream
D. Insect Nachos
Thanks for reading! This edition of Forbes Daily was edited by Chris Dobstaff and Caroline Howard.