WASHINGTON (Reuters) - U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok. TikTok, which has about 170 million American users, was briefly taken offline just before a law requiring its Chinese owner ByteDance to either sell it on national security...

01:06 PM EST, 02/03/2025 (MT Newswires) -- President Donald Trump signed an executive action to direct officials to create a sovereign wealth fund for the US, Bloomberg reported Monday. Trump said the action would place Treasury Secretary Scott Bessent, and Howard Lutnick, the commerce secretary nominee, in charge of leading the effort, Bloomberg reported. Bessent said the fund would be...

Murphy Oil Corporation ( MUR ) reported downbeat fiscal-year fourth-quarter earnings on Thursday. Murphy reported revenue of $670.96 million, missing analysts estimate of $741.18 million. In addition, the company reported adjusted earnings per share of 35 cents, missing analysts estimate of 57 cents. I am pleased that in 2024, we continued to focus on our priorities of Delever, Execute, Explore...

01:11 PM EST, 02/03/2025 (MT Newswires) -- Fewer Tesla (TSLA) cars were registered in California during 2024 compared with 2023, the California New Car Dealers Association said in a report from last Friday. In total, 203,221 Tesla vehicles were registered in the state during 2024 versus 230,010 vehicles registered in 2023. Tesla registrations fell 7.8% during the final months of...