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

Donald Trump has floated the idea of a U.S. sovereign wealth fund purchasing TikTok, potentially making it a ...

Effectively, it's a government-run hedge fund that invests in assets like stocks, bonds, real estate, and infrastructure.

American billionaire Nicolas Berggruen, founder and chairman of Berggruen Holdings, an investment firm based in the U.S.

President Sheikh Mohamed and Pakistan's Prime Minister Shehbaz Sharif have issued a joint call for peace in the Middle East ...

Tucked into the stack of the more than 50 executive orders President Trump has signed since taking office is the plan to ...

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

The federal government is going into business. President Donald Trump on Feb. 3 signed an executive order establishing a ...

Gold Spot US Dollar, Gold Futures, Crude Oil WTI Futures, Natural Gas Futures. Read Frank Holmes's latest article on ...

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?