Trump noted many other nations have such investment funds and predicted that the U.S. could eventually top Saudi Arabia’s ...

President Trump on Monday directed secretaries to begin a process to create an American sovereign wealth fund, suggesting it ...

US President Donald Trump signed an executive order on Monday, directing the US Treasury and Commerce Departments to create a ...

Donald Trump signed an executive order today to begin the process of creating a sovereign wealth fund, a move that he said ...

Investors were surprised by the news because the US runs a deficit and doesn’t have the finances needed for such a fund.

It’s not clear where the money to create the sovereign wealth fund is coming from, but Treasury Secretary Scott Bessent said the hope is to get it up within the next 12 months.

President Donald Trump has directed his Justice Department to pause enforcement of the TikTok ban until early April.

U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.

Shortly after taking office Monday, the president issued the order to delay the app’s ban for 75 days. The law went into ...

President Donald Trump, Commerce Secretary-designate Howard Lutnick, and Treasury Secretary Scott Bessent discuss an ...

President Donald Trump issued an executive order aiming to temporarily halt a law requiring TikTok to sell U.S. assets or be ...

A sovereign wealth fund is a vehicle that could use proceeds from U.S. national resources to make investments.