The Treasury and Commerce Departments are drafting a plan detailing how a federal sovereign wealth fund might be structured, ...

President Donald Trump’s order for the proposed fund calls for a plan within 90 days that details the vehicle’s purpose, ...

"promote the long-term financial health and international leadership of the United States." America's new sovereign wealth ...

President Trump recently issued an executive order to develop a plan for a sovereign wealth fund. But what exactly is a sovereign wealth fund and why does Trump want one?

GlobalFoundries , the world's third-largest contract chipmaker, said on Wednesday it has appointed Tim Breen as its chief ...

Breen, who has been with the company since 2018 and has served as its COO since 2023, will succeed Thomas Caulfield in the top role. Prior to joining GlobalFoundries, Breen held a senior executive ...

There are over 90 sovereign wealth funds in the world. The biggest ones are owned by states with significant oil revenues and ...

Norway's $1.8 trillion sovereign wealth fund, renowned as the largest globally, announced a record-breaking annual profit of 2.51 trillion crowns ($222 billion) for 2024. This success was largely ...

Norway’s gigantic sovereign wealth fund posted a full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday. Norges Bank Investment Management, which manages the fund, said the ...