Investments

Economics

Saudi Arabia’s Sovereign Wealth Fund is Homeward Bound

Photo by Vadim Nefedov via iStock

Saudi Arabia’s Public Investment Fund (PIF) signaled on Tuesday that it’s dialing down its investments outside the kingdom’s borders.

2 min read

Photo by Ilya Plekhanov via CC BY-SA 4.0

Autos

Uber Spreads Its Self-Driving Bets

Uber announced it’s investing in Wayve, a UK-based startup that’s building self-driving software for cars.

1 min read
(Photo Credit: Serba Sembilan/Flickr)

Finance

Berkshire Hathaway Takes a Steps Back from Apple, Builds Cash Pile

Berkshire Hathaway slashed its stake in Apple by nearly 40%, helping grow the Omaha company’s cash pile to more than $270 billion.

1 min read

Photo by Kārlis Dambrāns via CC BY-SA 4.0

International Economics

China Brings in Subsidies for Smartphones

On Friday, Beijing announced that a trade-in program that previously applied to big appliances and cars will now be widened to smartphones.

1 min read
Photo by David Vives via Unsplash

Private Equity

Will Private Equity Fuel a Big Year for IPOs?

As the New Year rolls in, Wall Street is preparing for a slew of listing announcements from private equity-backed firms.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Rawpixel via Freepik

Private Equity

All in the Franchise: Why Private Equity Loves the Business Model

It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.

6 min read

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