Washington, Feb 3, 2025 (AFP) - Trump orders launch of US sovereign wealth fund

NAMPA / AFP

2025-02-03

President Donald Trump on Monday signed an executive order aiming to kickstart the creation of a US sovereign wealth fund that he said could be used to save TikTok. "Other countries have sovereign wealth funds, and they're much smaller countries, and they're not the United States," Trump told reporters after signing the order. A sovereign wealth fund is a state-owned investment fund that manages a country's excess reserves, typically derived from......

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