Trump says new US sovereign wealth fund could play role in TikTok rescue

Yahoo Finance03:32

Donald Trump on Monday said that a newly created US sovereign wealth fund could play a part in his attempt to rescue TikTok from a US ban. The president had previously floated the idea of the US ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2508122647?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-04 03:32","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2508122647","market":"us","top_or_hot":-1,"title":"Trump says new US sovereign wealth fund could play role in TikTok rescue","media":"Yahoo Finance","content":"<div>\n<p>Donald Trump on Monday said that a newly created US sovereign wealth fund could play a part in his attempt to rescue TikTok from a US ban.\nThe president had previously floated the idea of the US ...</p>\n\n<a href=\"https://finance.yahoo.com/news/trump-says-new-us-sovereign-wealth-fund-could-play-role-in-tiktok-rescue-193258491.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump says new US sovereign wealth fund could play role in TikTok rescue</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump says new US sovereign wealth fund could play role in TikTok rescue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-04 03:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/trump-says-new-us-sovereign-wealth-fund-could-play-role-in-tiktok-rescue-193258491.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Donald Trump on Monday said that a newly created US sovereign wealth fund could play a part in his attempt to rescue TikTok from a US ban.\nThe president had previously floated the idea of the US ...</p>\n\n<a href=\"https://finance.yahoo.com/news/trump-says-new-us-sovereign-wealth-fund-could-play-role-in-tiktok-rescue-193258491.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1988902786.USD","symbol_name":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/trump-says-new-us-sovereign-wealth-fund-could-play-role-in-tiktok-rescue-193258491.html","article_id":"2508122647","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508122647","pubTimestamp":1738611178,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Donald Trump on Monday said that a newly created US sovereign wealth fund could play a part in his attempt to rescue TikTok from a US ban.The president had previously floated the idea of the US taking a 50% stake in the social media platform as part of any deal negotiated with TikTok's Chinese parent ByteDance, which has to divest itself of TikTok for it to escape a US ban.On his second day in office Trump told reporters that \"what I’m thinking about saying to somebody is, buy it, and give half to the United States of America. Half, and we’ll give you the permit. And they’ll have a great partner, the United States.\". Today, as he signed an executive order directing the US Treasury and Commerce departments to launch a new sovereign wealth fund, he said of TikTok that \"we might put that in the sovereign wealth fund, whatever we make or we do a partnership with very wealthy people, a lot of options,\" according to a report from the Associated Press.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","GOTU":"高途","WMT":"沃尔玛","ORCL":"甲骨文","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","NVDA":"英伟达","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU1564329628.SGD":"Blackrock Dynamic High Income A2 SGD-H","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU1046421795.USD":"富达环球科技A-ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","LU0251132253.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1564329032.USD":"BGF DYNAMIC HIGH INCOME \"A2\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","USAW.SI":"AMZN 3xLongSG261006","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","AMZN":"亚马逊","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","LU1917777945.USD":"安联专题基金Cl AT Acc","MSFT":"微软","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","LU1697837992.HKD":"BGF DYNAMIC HIGH INCOME \"A6\" (HKDHDG) INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC"},"translate_title":"特朗普表示新的美国主权财富基金可以在TikTok救援中发挥作用","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WMT":1,"ORCL":1,"MSFT":1,"GOTU":0.9,"NVDA":0.9,"AMZN":0.9,"USAW.SI":0.6},"content_text":"Donald Trump on Monday said that a newly created US sovereign wealth fund could play a part in his attempt to rescue TikTok from a US ban.\nThe president had previously floated the idea of the US taking a 50% stake in the social media platform as part of any deal negotiated with TikTok's Chinese parent ByteDance, which has to divest itself of TikTok for it to escape a US ban. \nOn his second day in office Trump told reporters that \"what I’m thinking about saying to somebody is, buy it, and give half to the United States of America. Half, and we’ll give you the permit. And they’ll have a great partner, the United States.\"\nToday, as he signed an executive order directing the US Treasury and Commerce departments to launch a new sovereign wealth fund, he said of TikTok that \"we might put that in the sovereign wealth fund, whatever we make or we do a partnership with very wealthy people, a lot of options,\" according to a report from the Associated Press.\n\"We have a lot of other things that we could put in the fund,\" he added.\n\n\n\n  Secretary of Treasury Scott Bessent, left, and Howard Lutnick, President Donald Trump's nominee for Commerce Secretary, stand behind Trump as he speaks to reporters in the Oval Office Monday. (Photo by Anna Moneymaker/Getty Images)\n \n\n  Anna Moneymaker via Getty Images\n \n\nPresident Trump issued a separate executive order on Jan. 20 that temporarily shielded TikTok from the US ban.\nThat order — which experts have said is legally dubious — opened a 75-day window for the Trump administration \"to determine the appropriate course forward in an orderly way\" for TikTok's US business after a new law effectively banning the app took effect the day before Trump took office.\nTrump's order gave ByteDance until April 4 to comply with the law. However, Trump has said he would decide TikTok’s fate in February.\nOther prospective TikTok buyers floated so far by Trump include Elon Musk, owner of X; Larry Ellison, chairman of Oracle (ORCL); and Microsoft (MSFT). It's not yet clear if any are involved in actual discussions.\nMicrosoft, along with Walmart (WMT), made a failed bid for TikTok during Trump’s first term when Trump actually tried to ban the app.\nWhen asked last week if Microsoft was among the companies interested this time around in an ownership stake, Trump answered in the affirmative: \"I would say yes.\"\n\"I’d like Larry to buy it too,\" the president said about Oracle co-founder Larry Ellison during a press conference during his first week in office, during which Trump announced a new $500 billion artificial intelligence infrastructure commitment.\n\n\n\n  Rupert Murdoch, left, and Larry Ellison, chairman and chief technology officer of Oracle Corporation, sit in the Oval Office of the White House as President Donald Trump signed an executive order Monday. (AP Photo/Evan Vucci)\n \n\n  ASSOCIATED PRESS\n \n\nNPR later reported that the Trump administration was developing a plan that would move control of TikTok to Oracle, where Ellison is chair and chief technology officer, along with other outside investors.\nIn that scenario, ByteDance would keep a minority stake in the company while Oracle would oversee the app’s algorithm and data collection. Oracle already acts as a service provider for TikTok, storing its videos and other content in data centers.\nBut Trump denied talks with Oracle when asked about the subject on Jan. 26.\n\"No, not with Oracle. Numerous people are talking to me, very substantial people, about buying it and I will make that decision probably over the next 30 days.\"\nHe also denied any actual discussions with Ellison, saying \"I never spoke to Larry about TikTok.\"\nAccording to reports by Bloomberg and The Wall Street Journal, government officials in China have also discussed selling the social media app’s US business to Tesla CEO, SpaceX founder, and X owner, Elon Musk.\n\"I like bidding wars because you make your best deals,\" Trump said last week as he spoke to reporters aboard Air Force One.\nAlexis Keenan is a legal reporter for Yahoo Finance. Follow Alexis on X @alexiskweed.\nClick here for the latest technology news that will impact the stock market\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2508122647"}