Canada is launching a sovereign wealth fund — a year after Trump ordered one to cut taxes and build national wealth. So where is the American version?

While Prime Minister Mark Carney’s "Canada Strong Fund" hits the ground with $25 billion, the U.S. federal fund remains stuck in the "mechanics" phase of a 15-month-old executive order.
The Conversation

Canada’s new sovereign wealth fund is ambitious, but its design raises questions

Prime Minister Mark Carney recently announced Canada’s first national sovereign wealth fund, the Canada Strong Fund. It’s aimed at investing $25 billion in domestic projects while offering Canadians a ...

Russia considers joint projects with US and China, media quote Putin's envoy

May 20 (Reuters) - Russia is considering the possibility of joint projects with the United States and China, Kirill Dmitriev, head of the Russian Direct Investment Fund, Russia's sovereign wealth fund ...

Senate Democrats Implore FCC Chair to Conduct ‘Rigorous’ Review of Paramount-Warner Bros. Merger Foreign Investment: Deal ‘Raises National Security Alarms’

Several Democratic senators are again urging the FCC to not rubber-stamp Paramount Skydance's proposed $111 billion takeover ...

Carney Unveils $18 Billion Canadian Government-Owned Investment Fund

Canada is developing a government-owned investment fund, Prime Minister Mark Carney said Monday. Carney said that the fund would invest in major Canadian industrial projects, in areas such as energy, ...

How the U.S.‑Israel war against Iran is exposing the limits of the petrodollar system

For the first time since the Second World War, excluding the COVID-19 pandemic, public debt in the United States has surpassed the entire economy’s GDP. As of late March, debt held by the public ...

Iran war deals blow to global markets’ ‘Gulf put’

Oil ​riches allowed Saudi Arabia ⁠and its ​neighbours to pump $150 bln ​a year into overseas assets. Blocked exports ​and new ...

Bankruptcy Protection Concerns Forces LIV Golf Into Drastic Business Overhaul

Four years ago, LIV Golf launched with the backing of a sovereign wealth fund and a clear goal to change professional golf.
Cfr.org

Disappearing Gulf Capital: The Iran War Risk Wall Street Isn’t Watching

Rebecca Patterson is a senior fellow at the Council on Foreign Relations, a globally recognized investor, and macroeconomic researcher. She is the co-host of the CFR podcast, The Spillover. Economic ...
Opinion

If Australia is home to an AI gold rush, let’s not squander it. Let’s fjord a different path

Tech titans appear to be cosying up to Canberra with an eye to training data models here. An AI wealth fund could share in the profits ...

Newcastle owners prepared to sell stake in Premier League club to fund new stadium plans

Saudi PIF considers selling a minority stake in Newcastle United to fund a potential £1 billion stadium project and ...
The Manila Times on MSN

Goldman Sachs to pay $500 million to settle shareholder lawsuit over 1MDB scandal

NEW YORK — Goldman Sachs has agreed to pay $500 million to settle a class action lawsuit accusing the Wall Street bank of defrauding shareholders about its work for 1MDB, a Malaysian sovereign wealth ...