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The US is pursuing an unconventional sovereign wealth fund
Since President Donald Trump announced the establishment of a US sovereign wealth fund in February 2025, it has fuelled both expectations and controversies. Calls for a formal, legislatively grounded US SWF have circulated, with experts pointing to examples like Norway’s Norges Bank Investment Management. An SWF is a state-owned investment fund that manages a country’s financial assets, typically derived from surplus reserves, natural resource revenues or trade surpluses. These funds are generally managed by a country’s ministry of finance, a central bank or a specialised government agency. But under Trump, ... (full story)
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From dol.gov|Aug 7, 2025|21 commentsIn the week ending August 2, the advance figure for seasonally adjusted initial claims was 226,000, an increase of 7,000 from the previous week's revised level. The previous ...
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