There’s a lot of responsibility that comes with managing a fund with $1.5 trillion in assets—a responsibility that Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in the world, faces every day. We have more than 5,000 stocks and 3,…
Amazon has ordered 100,000 electric delivery vans from the electric-vehicle startup Rivian, USA Today’s Nathan Bomey reported on Twitter. A Rivian representative told Reuters that the first vans will be ready for use by 2021. Read more: ‘We think we miss…
The super apps WeChat and Alipay became an integral part of the Chinese mobile ecosystem, growing to more than 1 billion monthly active users (MAU) and 1 billion annual active users (AAU), respectively. They both offer services from food delivery and bike sha…
Two years ago Apple unveiled ambitious plans to invest several billion dollars in advanced manufacturing jobs in the United States, starting with a $200 million investment in Corning in Kentucky. Now Apple is cranking its investment in the precision glass mak…
WeWorks parent company is weighing a dramatic reduction in its valuation as it aims to go public while facing widespread skepticism over its business model and corporate governance, according to people familiar with the matter. We Co. is considering putting a…
Tamara Sullivan, a GM paint plant worker, talks about the UAW strike and union solidarity. Eric Seals, Detroit Free Press Progress has been slow in contract talks between General Motors and the striking UAW, people familiar with the discussions told the Fr…
Amazon India and Walmarts Flipkart, two of the largest e-commerce businesses in India, have pledged to curb the usage of single-use plastic in their packaging in the country as they move to help New Delhi fight its ongoing battle with environmental pollution.…
Spotify is testing a new ‘Create podcast’ feature that shows up atop a user’s list of their subscribed podcasts in the app interface, as first uncovered by Jane Manchung Wong (@wongmjane) (via Engadget). The button then provides a takeover promotion directing…
Peloton, which debuted its IPO prospectus last month, plans to charge as much as $29 per share in its upcoming Nasdaq listing. In an amended S-1 filing released Tuesday afternoon, the developer of internet-connected stationary bikes and treadmills announced …
Automaker Hyundai is forming a new joint venture with autonomous driving technology company Aptiv, with both parties taking a 50 percent ownership stake in the new company. The goal of the new venture will be to develop Level 4 and Level 5 production-ready se…