New wealth fund could buy TikTok, says Trump

advertisement
The TikTok saga has taken a new twist with Donald Trump. REUTERS
The TikTok saga has taken a new twist with Donald Trump. REUTERS

Reuters

US President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy short video app TikTok.

If created, it would place the United States alongside numerous other nations, particularly in the Middle East and Asia, that have launched similar funds as a way to make direct investments with government cash.

The text of the executive order was sparse on details and simply directed the Treasury and Commerce Departments to submit a plan for such a fund within 90 days, including recommendations on "funding mechanisms, investment strategies, fund structure and a governance model."

Related Article
What Are Some Examples of Free Market Economies?
How Importing and Exporting Impacts the Economy
Is the United States a Market Economy or a Mixed Economy?
AS Watson appoints new retail chief for Hong Kong
Salesforce cutting 1,000 roles while hiring salespeople for AI
HSI hits three-month high as Sino-US trade battle escalates
CK Asset to offer 2,700 homes at five projects
XPeng boss optimistic about EV output and autonomous driving
©2025 EcoInvest All Rights Reserved
Privacy Policy
Terms of Service
  •  HOME
  •  HOT ARTICLES
  •  RECOMMENDED
  •  LATEST NEWS
  •  POPULAR POSTS
  •  RELATED ARTICLE
  •  PRIVACY POLICY
  • Home
  • HOT ARTICLES
  • RECOMMENDED
  • LATEST NEWS
  • POPULAR POSTS
  • RELATED ARTICLE
  • PRIVACY POLICY