Tag #Larry Ellison

What are the immediate economic implications of Trump's announcement of a US sovereign wealth fund, particularly concerning its potential investment in TikTok?

On Monday, Donald Trump announced a US sovereign wealth fund, potentially investing in TikTok, alongside unexpectedly featuring media and tech moguls Rupert Murdoch and Larry Ellison. This announcement coincided with the withdrawal of tariffs on Mexico and Canada, averting a market crash.