Financial Mindset

Disney has historically refused to describe in detail the revenues earned by its growing cruise ship business. Its CFO, Hugh Johnston, has declined to do so on previous earnings calls. “We don’t break out cruise ships,” explained Hugh Johnston on its Q3 call last year.  But Fortune can reveal that a Disney filing in the U.K.—where its ships are based for tax reasons—reveals that cruise revenue passed the $3 billion mark last year for the first time, fuelled by the addition of a sixth ship to its fleet as part of a $12 billion expansion.  Fortune reached out to Disney for comment. Disney’s ships look more like floating theme parks than cruise liners. They are filled with cuddly characters, Broadway-caliber shows and water slides with screens set into the tubes to tell stories about Mickey Mouse while riders rocket past on rafts. The ships are part of Disney’s Experiences division, which also includes its theme parks and is the compan...

MacKenzie Scott has spent the past several years rapidly giving away her $35 billion fortune . But due to the power of Amazon shares she received upon her 2019 divorce from Amazon founder Jeff Bezos, the market keeps handing that wealth back to her. Scott received roughly a 4% stake in the company (then worth about $36 billion) when they divorced, but has since donated more than $26 billion to thousands of organizations through her philanthropic platform, Yield Giving . She even was the biggest megadonor of 2025, having donated a whopping $7.2 billion in 2025 alone.  Having given away that much money, how does Scott have essentially the same amount she started with in 2019? It’s essentially market math and what wealth advisors call “concentrated equity wealth.” Why giving billions away hasn’t made MacKenzie Scott poorer This situation isn’t unique to Scott, and happens to other billionaire philanthropists. Another example would be someone like Michael...

The inspiration for Klook, one of Asia’s largest travel platforms, came after Ethan Lin took a trip to Nepal with his friend Eric Gnock Fah. The two were both analysts in Hong Kong’s investment scene: Fah covered consumer retail, while Lin covered hospitality and real estate.  Both were also third-culture kids. Fah grew up in Mauritius, the small Indian Ocean nation whose economy relies almost entirely on tourism. Lin, in contrast, lived in several cities as a child before starting college in the U.S. He links his love of travel to his background: “Experiencing local culture, understanding how the world puts together different markets, traveling a lot with my parents.” Lin’s Nepal trip was a bit of a disaster, in his telling. “We noticed that payment, language, content, infrastructure, and discoverability were not there,” he tells Fortune . “It took us so long to find out what we could do—canyoning, white-water rafting and paragliding—and it was a lot of effort ...

The lost art of proofreading could see a missing “s” disrupt the federal government’s controversial effort to reduce reporting requirements for public companies. In May, the Securities and Exchange Commission proposed a new rule that would let publicly listed companies report their financial results twice a year instead of every quarter, as is currently required. The agency asked the public to weigh in and send its feedback to rule-comment@sec.gov . But the comment inbox that the SEC lists on its own instructions page —and has printed in almost every rule proposal it has issued since at least 2019—is rule-comments@sec.gov. With an “s.” The comment (or…comments) period on the semiannual reporting rule closed on July 6, but the email address confusion cropped up on Monday in a letter to the commission from nonprofit investor advocate Better Markets. The letter, addressed to SEC Chairman Paul Atkins and Commissioners Hester Peirce and Mark Uyeda, said the posted emai...

A U.S.-Russian space crew arrived Tuesday at the  International Space Station  after launching from the Russia-leased Baikonur cosmodrome in Kazakhstan. NASA astronaut Anil Menon and Russian crewmates Pyotr Dubrov and Anna Kikina lifted off as scheduled at 7:47 p.m. (10:47 a.m. EDT, 1447 GMT) aboard the Roscosmos Soyuz MS-29 for an eight-month stint on the orbiting outpost. Their spacecraft docked smoothly at the station in automatic mode about three hours after the launch. NASA Administrator  Jared Isaacman  attended the launch, the first visit to Baikonur by a NASA chief in eight years that highlighted the ongoing cooperation in orbit between Moscow and Washington, despite tensions over Russia’s military action in  Ukraine. Before the launch, Isaacman met with the head of Russia’s state corporation Roscosmos, Dmitry Bakanov. Speaking during Monday’s meeting with the crew, Isaacman thanked Roscosmos for its efforts to prepare for the mission,...

Data center projects continue to generate controversy around the country. In part, that’s because a variety of different groups have competing interests – some in favor of them, some opposed and others with no direct view on data centers themselves, but with concerns that relate to aspects of data center operations and effects. As a scholar of environmental justice and urban land use , I’ve seen these various conflicting forces at work in Michigan. More than 30 large and small data center projects have been proposed in the state in the past two years alone, including one by the university where I work. Michigan Gov. Gretchen Whitmer, center, has been criticized for participating in this photo op at the construction site for a new data center in her state. Related Digital via Planet Detroit Gov. Gretchen Whitmer is enthusiastic about bringing technology companies to the state, even posing with tech company CEOs in photo ops at the sites of proposed data centers. But n...

The absence of two key Senate Republicans has complicated the Trump administration’s ambitions to pass budget appropriations and increase defense spending, particularly as the war in Iran escalates and key midterm elections approach. On Sunday, Sen. Mitch McConnell broke his weeks-long silence about his health, announcing he was hospitalized after a fall and was also treated for pneumonia. McConnell, who has not said when he will return to the Senate floor, is the chair of the Senate Appropriations defense subcommittee, which drafts legislation for Pentagon funding. His announcement followed the unexpected death of Sen. Lindsey Graham, who served as a senior member of the Senate Appropriations Committee and the chair of the Budget Committee, after an aorta rupture. To be sure, Graham’s sister Darline Graham Nordone will take the place of her brother in the Senate on Wednesday and serve the rest of his term , eliminating some uncertainty around the impact of his absence. ...