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

President Donald Trump signed an executive order to create the United States' first sovereign wealth fund, which could be ...

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.

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

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

Donald Trump on Monday said that a newly created US sovereign wealth fund could play a part in his attempt to rescue TikTok ...

The sovereign wealth fund — a government-owned and-administered investment fund — will be the first ever established in the ...

Trump signed an executive order Monday ordering the U.S. Treasury and Commerce Departments to create the fund. The president ...

US President Donald Trump has signed an executive order directing the creation of a US sovereign wealth fund, with plans to ...

The new wealth fund could be used to finance major government projects and fund strategic investments in critical areas like supply chains.

President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a ...