Latest in Trump Orders Creation of U.S. Sovereign Wealth Fund, Says It Could Buy TikTok
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What is a sovereign wealth fund and why is Trump creating one now?
Designed to invest in the national interest, sovereign wealth funds are typically funded by countries rich in natural resources and it is unclear how a US fund would operate or be financed. Donald ...The Guardian - 1h -
Trump moves to develop sovereign wealth fund to 'create value for American citizens'
President Donald Trump said Monday he would create a sovereign wealth fund, a pool of assets like those that exist in other countries that can help pay out regular funds to ordinary citizens.NBC News - 4h -
Trump signs order establishing a sovereign wealth fund that he says could buy TikTok
The fund would serve as an economic development tool and perhaps be used to buy TikTok.CNBC - 6h -
Trump Orders Creation of U.S. Sovereign Wealth Fund, Says It Could Buy TikTok
It came in the form of an executive order, but it was unclear how such a wealth fund would work.Inc. - 9h -
5 things to know about Trump's plan to create a sovereign wealth fund
President Trump is taking steps to overhaul the way the U.S. government invests its money and change the nature of America’s financial presence abroad. The president signed an executive order ...The Hill - 8h -
Trump: Sovereign wealth fund could 'perhaps' do something with TikTok
President Trump signed an executive order to work towards establishing a "sovereign wealth fund," and hinted it could potentially be used to make deals with businesses like TikTok.NBC News - 10h -
Trump signs order to create US sovereign wealth fund, eyeing TikTok purchase
President Trump on Monday directed secretaries to begin a process to create an American sovereign wealth fund, suggesting it could partially own the popular app TikTok. The president signed an ...The Hill - 10h -
Trump orders creation of a U.S. sovereign wealth fund
President Trump is directing his commerce and treasury secretaries to create what's called an American sovereign wealth fund.CBS News - 10h -
Trump signs order to create sovereign wealth fund that could buy TikTok
President decrees US treasury and commerce departments to create fund after delaying ban of ByteDance-owned app. Donald Trump signed an executive order on Monday ordering the US treasury and ...The Guardian - 10h -
Trump defends aid federal funding freeze after White House says it rescinds order
President Donald Trump defended the federal aid spending freeze, saying it “in no way affected” Social Security, Medicare or Medicaid. The administration rescinded the order that froze federal ...NBC News - 5d -
Why Trump’s order to freeze funding evokes the darkest days of Watergate
President’s move has convulsed Washington in a manner arguably unseen since the Saturday Night Massacre of 1973. For its potential to provoke a constitutional crisis, Donald Trump’s attempted ...The Guardian - 5d -
World’s largest sovereign wealth fund reports record $222 billion annual profit on tech rally
Norway’s sovereign wealth fund reported its full-year earnings on Wednesday.CNBC - 5d -
Trump Orders ‘Iron Dome’ for U.S., but Freezes Funds for Nuclear Protection
The United States is estimated to have spent more than $400 billion on the kinds of antimissile goals that the president now says will provide “for the common defense.”The New York Times - 6d -
Judge pauses Trump funding freeze order until Feb. 3
The Trump administration order would have frozen the issuance of existing federal grants and loans until agencies vetted them.CNBC - 6d -
Lawmakers react to Trump ordering federal funding freeze
President Trump's memo calling for a freeze on federal funding for all public loans, grants and other aid is getting sharp criticism from lawmakers on Capitol Hill. CBS News' Nikole Killion reports.CBS News - 6d -
Trump says Microsoft in talks to buy TikTok
President Trump on Monday said Microsoft is one of the technology companies eyeing TikTok to keep the app in the United States amid a looming government ban. When asked if Microsoft was one of the ...The Hill - 6d -
Trump administration orders federal funding freeze on loans, grants and more aid
The freeze could have wide-ranging implications, with the White House noting that $3 trillion was spent in 2024 on federal assistance programs.CBS News - 6d -
New proposal could allow U.S. government to invest in TikTok
A new proposal to stop the ban on TikTok could give the U.S. government a significant stake in the social media app. Submitted by AI company Perplexity, the plan aims to address concerns about data ...CBS News - Jan. 27 -
Trump says there are bigger China threats than TikTok. Here’s where he could be going wrong.
President Trump this week said “TikTok is largely about kids” and there are bigger threats. China hawks aren’t convinced.MarketWatch - Jan. 25 -
Rubio orders freeze of new funding for nearly all U.S. foreign aid programs
The secretary of state's order made exceptions for military aid to Israel and Egypt.CBS News - Jan. 24 -
Some U.S.-born babies could be 'stateless' if Trump ends birthright citizenship, attorneys say
The situation could be particularly complicated for asylum-seekers from countries like Venezuela, which doesn't have diplomatic ties with the U.S.NBC News - Jan. 24 -
Davos day two: Rachel Reeves says she’s ‘absolutely’ relaxed about wealth creation; Clegg defends Meta moderation changes – live updates
Rolling coverage of the second day of the World Economic Forum in Davos . Rachel Reeves has also revealed ministers want to increase higher skilled migration by creating with more visas for people ...The Guardian - Jan. 22 -
World's biggest sovereign wealth fund warns markets at risk from tariff-fueled inflation
"If you look at the risk to financial markets, I think inflation is for sure one, all driven by tariffs."CNBC - Jan. 21 -
Trump says China tariffs could hinge on TikTok deal
President signs executive order giving popular video app’s owner 75 days to find US buyerFinancial Times - Jan. 21 -
Trump signs order to withdraw U.S. from WHO
President Trump issued an executive order Monday night withdrawing the United States from the World Health Organization. The U.S. has historically been the largest funder of the Geneva-based ...The Hill - Jan. 21 -
Trump orders Justice Department to not enforce TikTok ban
The order directs the Justice Department not to take action or impose penalties against "any entity for any noncompliance" with the law.CBS News - Jan. 20 -
TikTok Restarts U.S. Service After Trump Says ‘We Have to Save It’
The 170 million U.S. users of the social video platform look to the new president to sustain the app, despite passage of a law banning it if it was not sold by its Chinese parent company.Inc. - Jan. 20 -
TikTok Butters Up Trump as It Navigates a Ban in the U.S.
The app has repeatedly name checked the president-elect in pop-up messages and statements, as it navigates a ban in the United States unless it is sold to a non-Chinese owner.The New York Times - Jan. 20 -
World could soon see its first trillionaires, Oxfam says, as billionaire wealth surges
Billionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, Oxfam said in its annual inequality report.NBC News - Jan. 20 -
TikTok returns service to U.S. users, thanking Trump
TikTok said Sunday that it would be restoring service to U.S. users after blocking it the evening before.NBC News - Jan. 19 -
Trump says he will issue an executive order Monday delaying U.S. TikTok ban
President-elect Donald Trump on Sunday clarified his stance on TikTok, writing in a post on Truth Social that he’d like to bring the app back online in the U.S. as soon as possible, even if there’s ...NBC News - Jan. 19 -
Will Trump save TikTok from U.S. ban?
The Supreme Court has upheld a law to ban TikTok in the U.S., but President-elect Donald Trump could choose to save the popular social media app by not enforcing the legislation. CBS MoneyWatch ...CBS News - Jan. 17 -
Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief
President-elect Donald Trump's threatened tariffs could prompt Canada to pursue dollar-to-dollar retaliation or an export tax on oil and gas bound for the U.S.CNBC - Jan. 16 -
TikTok Says U.S. Employees Will Have Jobs Even if the App Is Banned
The company is awaiting a decision over the constitutionality of a new law that aims to force a sale of the app to a non-Chinese owner under the threat of a ban.The New York Times - Jan. 15 -
U.S.-China Rivalry Could Boost Space Startup Funding
After commercial space startups pulled in $8.6 billion in 2024, more venture capital firms are likely to make investments in new companies as Sino-Amercian tensions go orbital.Inc. - Jan. 15 -
Jim Cramer says Nvidia's pullback could be a good chance to buy
CNBC's Jim Cramer extolled Nvidia's stock and reviewed its Tuesday action, saying the decline was unrelated to the company and its prospects.CNBC - Jan. 8 -
Greenland ‘not for sale’, says Danish PM after Trump call for US to buy it
US president-elect’s renewed interest in Arctic island poses challenge for Denmark’s governmentFinancial Times - Jan. 7