Markets

Bitcoin touched the highest level since mid-June after Donald Trump expanded his pro-crypto agenda and as expectations for U.S. Federal Reserve interest-rate cuts bolstered investor sentiment.

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The Optica Foundation will no longer accept money from Huawei Technologies Co. for a competition to fund cutting edge-research at US universities, the group’s chief executive officer said, after Bloomberg News reported the Chinese company was secretly funding the program.

Millions of Americans with federal student loans have been making payments again, after a moratorium of more than three years. Roughly 40 million people in the US collectively owe more than $1.6 trillion in student debt. The issue is sure to play a role in the 2024 political campaign season, as many young voters fault Republicans and a conservative-majority Supreme Court for stymieing attempts by President Joe Biden, a Democrat, to ease the debt burden. Biden, for his part, has used existing fed

For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil plays. The company’s head of exploration and production is just fine with that.

Battery-material maker Novonix, electric vehicle charger manufacturer Wallbox and rare earth producer MP Materials Corp. were among about 35 recipients of clean energy tax credits totaling nearly $2 billion that were announced Friday by the Biden administration.

Getir, once a darling of the delivery startup world valued at $12 billion, is weighing asset sales and potential exits from non-core markets as it faces pressure from investors to cut its losses.

Shares of truckmaker Volvo AB dropped as much as 5.9% in Stockholm on Friday on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about 14.1 billion Swedish kronor ($1.3 billion).

As the US intensifies sanctions pressure on Moscow, Russia’s crude trade with India has begun to resemble a game of oil whack-a-mole. Just as one trader begins to lose prominence, another pops up.

Saudi Arabia will need a higher oil price than previously thought this year as the OPEC+ leader spearheads the group’s production cuts, according to the International Monetary Fund.

Taiwan Semiconductor Manufacturing Co. scaled back its outlook for a chip market expansion, cautioning that the smartphone and personal-computing markets remain weak.

Australia is on track to deliver a second consecutive budget surplus even as mounting headwinds in key trading partner China and geopolitical tensions weigh on its economy, Treasurer Jim Chalmers said in Washington.