A looming government shutdown could add to the travel industry\u2019s woes.<\/p>\n
The U.S. travel economy could lose $1 billion a week<\/a> if the government shuts down, which is set to happen on Wednesday without a deal in Washington.<\/p>\n It risks disrupting air and rail travel and could result in the closure of national parks and museums\u2014at a time when visitor spending is already expected to fall $29 billion this year. Geopolitical tensions have deterred international travelers, and lower-income domestic travelers are pulling back on spending.<\/p>\n This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here<\/a>. Democratic Oregon Gov. Tina Kotek speaks at a news conference in Portland, Ore., on Saturday, September 27, 2025.<\/p>\n Claire Rush\/Associated Press<\/p>\n Oregon sued the federal government Sunday seeking to block the Trump Administration<\/a> from deploying the National Guard in Portland. President Donald Trump directed the deployment in a Truth Social post on Saturday, citing riots and attacks on ICE officers. But the lawsuit claims that the \u201cheavy-handed deployment\u201d is targeting relatively small protests, \u201cinvolving less than thirty people.\u201d<\/p>\n Kenvue, the maker of Tylenol, is still reeling after President Donald Trump promoted<\/a> unproven ties between autism and acetaminophen, but it may just be the start. Health and Human Services Secretary Robert F. Kennedy Jr. has also targeted antidepressants, GLP-1s and statins\u2014which more than 92 million Americans take to prevent heart disease and lower cholesterol.<\/p>\n MORE: The ascendance of RFK Jr., a vocal vaccine skeptic, has come alongside more bad news for vaccine makers Moderna and BioNTech, whose stock prices have imploded since their 2021 peaks<\/a>. At that time, Forbes counted eight billionaires from the two companies, worth a combined $116 billion\u2014but now it\u2019s almost all gone, hit by a one-two punch of plunging vaccination rates and the reluctance of governments worldwide to continue paying for them.<\/p>\n BUSINESS + FINANCE<\/p>\n Americans\u2019 spending slowed in August, new federal data shows, as inflation matched economists\u2019 expectations<\/a>. Still, the Federal Reserve\u2019s preferred metric of price changes remained above its target of 2% for the 54th consecutive month, setting the stage for September\u2019s jobs report later this week.<\/p>\n Auto parts chain AutoZone is one of the best-performing stocks<\/a> of recent decades, with its shares returning an average of 21% annually in the last 20 years\u2014far surpassing the S&P 500. And while that\u2019s generated windfalls for its original private equity sponsor KKR, hedge fund billionaire Eddie Lampert and its founder, Pitt Hyde, it\u2019s also making thousands of its employees millionaires from their company stock, Hyde says.<\/p>\n TECH + INNOVATION<\/p>\n ILLUSTRATION BY SAMANTHA LEE FOR FORBES VIA GOOGLE GEMINI AI<\/p>\n In the TikTok deal announced by President Donald Trump last week, one vitally important asset that won\u2019t be fully transferred in the deal is the platform\u2019s powerful For You algorithm. In an exclusive excerpt<\/a> from Forbes senior writer Emily Baker-White\u2019s new book Every Screen On The Planet, out tomorrow, she details how the recommendation engine was shaped by a bunch of ordinary, 20-something curators.<\/p>\n MONEY + POLITICS<\/p>\n Both conservative-leaning Sinclair Broadcast Group and broadcast firm Nexstar reversed course and said they<\/a> would bring Jimmy Kimmel Live! back on air Friday night, which includes larger markets like Washington, D.C., Seattle and Portland. The companies had initially kept the show off the air even after ABC ended the late-night host\u2019s suspension.<\/p>\n SPORTS + ENTERTAINMENT<\/p>\n Jimmy Fallon is one of the highest-paid hosts on TV, with a contract that Forbes estimates at $16 million annually, but even he is not immune to the pressures of television\u2019s structural decline. That\u2019s adding new urgency to his side hustles<\/a>, including an NBC reality competition show launching this week, On Brand with Jimmy Fallon, in which contestants with no marketing experience pitch campaigns for major brands.<\/p>\n DAILY COVER STORY \u201cYou have a million bookmakers across the country right now,” says Mathew Bowyer, “and people don’t realize it.\u201d<\/p>\n FRANKIE BATISTA<\/p>\n More than a year after the world learned of the gambling scandal that nearly took down one of modern baseball\u2019s greatest players, Mathew Bowyer, the California bookmaker who took $326 million in wagers from Ippei Mizuhara, is about to serve a year in prison for his crimes.<\/p>\n Mizuhara, the interpreter for Los Angeles Dodgers\u2019 star Shohei Ohtani, had run up a gambling debt of $40.2 million in just over two years. Ohtani denied any involvement and was never charged with a crime, saying Mizuhara defrauded him of millions of dollars.<\/p>\n After an investigation confirmed Mizuhara was the one gambling, stealing a total of $16.2 million from Ohtani to pay Bowyer $500,000 every few weeks, he received a five-year prison sentence for bank and tax fraud. For his role, Bowyer was sentenced to 12 months and one day for running an illegal gambling operation, money laundering and filing falsified tax returns.<\/p>\n While Bowyer is the face of the biggest sports betting scandal in recent history, his conviction does not mean that the illegal bookmaking industry is going away. Over the last 12 months, illegal sportsbooks took in $84 billion in wagers and $5 billion in revenue, according to the American Gaming Association, while legal sportsbooks made $13.78 billion in revenue off $149.9 billion in wagers in 2024.<\/p>\n Bowyer estimates that about half of all professional athletes gamble on sports and the public should expect more scandals, especially in college athletics. \u201cThere\u2019s been many that haven\u2019t been brought up yet or found or maybe got away with, let\u2019s be honest,\u201d he says.<\/p>\n WHY IT MATTERS \u201cThe scandal showcased just how easy it is for the integrity of baseball\u2014or any sport\u2014to crumble thanks to the mainstreaming of sports betting,\u201d says Forbes senior writer Will Yakowicz.<\/p>\n MORE Where Is Sports Betting Legal? A Guide To All 50 States<\/a><\/p>\n FACTS + COMMENTS<\/p>\n Americans are increasingly worried about the economy, according to the widely-tracked survey of consumer sentiment<\/a> from the University of Michigan:<\/p>\n 55.1: The consumer sentiment reading in September, its lowest level since May<\/p>\n 4.7%: How much Americans expect inflation to rise to over the next year<\/p>\n 0.5%: The month-over-month increase in consumer spending in July, to the highest level in four months<\/p>\n STRATEGY + SUCCESS<\/p>\n So-called \u201cghost growth\u201d is the illusion that you\u2019re progressing in your career but without a comparable raise, promotion or increase in authority. Decide what kind of advancement you\u2019re looking for<\/a>, confirm how the process works within the company, and follow up regularly to keep your request top of mind. Continue to pursue advancement opportunities outside the company to make sure you don\u2019t lose momentum on real growth.<\/p>\n VIDEO A gold presidential seal has turned up in connection with one of President Donald Trump\u2019s businesses, raising questions about whether it violates federal law. Which kind of business is it?<\/p>\n A. Hotel<\/p>\n B. Golf course<\/p>\n C. An online university<\/p>\n D. A line of wristwatches<\/p>\n
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\nFIRST UP<\/p>\n
\nBookie Tied To Ohtani\u2019s Interpreter Says Half Of All Pro Athletes Gamble On Sports<\/a><\/p>\n
\nQUIZ<\/p>\n