| Submit your comments on this article |
| Home Front: Politix |
| Trump signs order creating first-ever US sovereign wealth fund |
| 2025-02-05 |
| [NYPOST] President Trump signed an executive order Monday to create a sovereign US wealth fund — saying that TikTok may become one of its first acquisitions. A sovereign wealth fund is an investment fund owned and operated by a government. The world's largest and wealthiest such funds are owned by China and resource-rich countries like Norway and Middle Eastern emirates. It was not immediately specified how the US endowment — the creation of which was first reported last month by The Post's Charles Gasparino — would be capitalized, but Trump previously floated using tariff proceeds. It's unclear if adding a stake in TikTok would require up-front investment, or if Beijing would offload it without charge to avoid a looming 10% levy that Trump announced Friday. ''It's a very exciting event. We're going to have a sovereign wealth fund, which we've never had,'' Trump said in the Oval Office — as News Corp founder Rupert Murdoch and Oracle billionaire Larry Ellison sat nearby. |
| Posted by:Fred |
| #4 Where is she? Still alive ? |
| Posted by: Besoeker 2025-02-05 19:47 |
| #3 Nancy Pelosi Tracker A fund that follows Rep. Pelosi's publicly visible equity exposure. Automatically rebalanced as her public accounts change. |
| Posted by: Skidmark 2025-02-05 19:40 |
| #2 Howzabout a mutual fund based on Nancy Pelosi's stock picks? |
| Posted by: SteveS 2025-02-05 11:28 |
| #1 East India Co redux? |
| Posted by: BrerRabbit 2025-02-05 09:55 |