Donald Trump wants to create a U.S. sovereign wealth fund. All experience shows this would basically be a cronyism machine.

President Trump is directing his commerce and treasury secretaries to create what's called an American sovereign wealth fund.

Trump has issued an executive order for the creation of the nation's first sovereign wealth fund, which could be used to ...

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

Trump has demanded a plan to create a sovereign wealth fund to invest in global assets – ‘perhaps with TikTok’, he said.

Trump also said that if this fund goes through, the money in it could be used for something like buying TikTok. The app’s ...

This institutional fund would “monetize the U.S. balance sheet for the American people,” Treasury Secretary Scott Bessent ...

US President Trump signed an executive order on Monday to create a sovereign wealth fund, with the potential to buy TikTok.

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

President Donald Trump signed an executive order on Monday to create the nation's first sovereign wealth fund, which could be used to purchase TikTok. Joining Trump in the Oval Office ...