Forbes Daily: The Supreme Court Hands Trump A White House Ballroom Win
The Trump administration hiked entrance fees for foreign visitors to national parks earlier this year—but they’ve only raised half the revenue that the government expected.
The surcharges for international tourists have raised over $22.5 million in the first six months of the year, according to Interior Secretary Doug Burgum—about 50% lower than what would be necessary to reach the windfall the department predicted in its annual budget. Meanwhile, the administration trimmed more than $1 billion from the 2026 National Park Service operations budget.
The revenue shortfall comes amid a broader decline in inbound international travel to the U.S. during Trump’s second term.
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The Supreme Court allowed President Donald Trump to continue his White House ballroom project in a 5-4 ruling, likely putting an end to the administration’s legal battle with historic preservationists.
Amazon shares faltered Monday as the FTC sued the e-commerce giant, accusing it of using deceptive prices for advertisers.
Billionaire investor Josh Kushner spoke out about the failed plan to sell ownership stakes in the FIFA World Cup, saying that his firm Thrive Capital would not have gotten involved had it appreciated the “political dynamics of global football.”
PG&E stock plummeted 20% on Monday as California legislation that leaves the utility provider subject to the state’s liability rules raised concerns among investors over the company’s potential financial exposure to future wildfires. California’s largest electric and natural gas utility company has faced major financial challenges from wildfires in the past, including........
