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

US President Donald Trump announced last week the creation of the first American sovereign wealth fund. He had pledged during ...

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 ...

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

Reuters reported President Trump will attend an upcoming summit next week in Florida, alongside TikTok's CEO. Here's what to ...

Saudi Crown Prince Mohammed bin Salman and Russia's sovereign wealth fund chief Kirill Dmitriev were involved in negotiations ...

Former U.S. President Donald Trump is set to attend a significant financial summit in Miami hosted by Saudi Arabia's ...

U.S. President Donald Trump is scheduled to attend a meeting of global financiers and tech executives hosted by Saudi ...

Tiger Woods abruptly withdrew from the Genesis Invitational at Torrey Pines on Monday, saying he was still processing the death of his mother.