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

The controversial tour generated $37 million in revenue but made a staggering loss of close to $400 million over 2023.

Saudi Arabia's PIF exited Walmart (WMT), took in DoorDash (DASH), and more than doubled Amazon (AMZN) in Q4 2024. Read more ...

PGA Tour Commissioner Jay Monahan believes a reunion of the PGA and LIV Golf tours would involve a single, unified tour. LIV Golf, backed by Saudi Arabian investment, shows no signs of dissolving, ...

In Q3 2024, Sea Limited (NYSE:SE) reported that Free Fire had more than 100 million daily active users throughout the quarter ...

Saudi Arabia’s Public Investment Fund (PIF) has acquired a 30% stake in Masdar for Building Materials Company, a building and ...

The Saudi Arabia Public Investment Fund is nearing $5 billion in total investment in LIV Golf, according to financial ...

China’s Expanding Influence: China has financial stakes in nearly 100 ports worldwide, while the US has virtually none. Lea ...

The PGA Tour and its power brokers want the game of golf to come together. But their vision sounds much different than what ...

PGA Tour commissioner Jay Monahan says reunification talks with Saudi backers of LIV Golf are progressing and he is ...

To end golf's civil conflict, the PGA Tour has turned to President Donald Trump, and Rory McIlroy believes he'll be an ally ...