Sovereign wealth funds generally use a nation's reserves and invest the funds to generate returns, which can be used to address deficits, pay down debts or bolster savings.
President Donald Trump on Monday signed an executive order directing the U.S. to take steps to start developing a government-owned investment fund that he said could be used to profit off of TikTok if he's successful at finding it an American buyer.
Such funds are often used by nations with commodities that can be invested to hedge volatility and secure investment gains.
11h ago — Google is giving a portion of its workforce the opportunity to voluntarily leave the company with a severance package, targeting those who may not be "deeply committed" to their roles.
Breitbart
15h ago — Celebrities and business executives can now take out "cancel culture" insurance to help make sure their words or actions don't come back to haunt them.
BroBible
15h ago — Texas Gov. Greg Abbott has issued an executive order banning Chinese-owned AI and social media apps from all state-issued devices
Straight Arrow News
15h ago — You may notice TikTok is not available to download on U.S.-based app stores. But there are ways to get it still.
North Jersey
15h ago — The Freedom for Individual Rights and Expression (FIRE) has released a new poll showing an increase in the prospects for free speech following the election of Donald Trump.
Campus Reform
