BLACKROCK INVESTMENT
Wall Street giants face antitrust scrutiny over coal investments and ESG push
US regulators have for the first time warned that common ownership among financial giants like BlackRock, Vanguard and State Street could violate antitrust laws. A new legal filing says their influence over competing coal firms may reduce market competition, intensifying the political and legal clash over ESG investing and regulatory oversight
Bad Week for Wall Street’s Old Guard as Crypto Burns the Haters
Wall Street’s old guard faced losses as traditional markets sold off amid fiscal fears, while Bitcoin surged nearly 5%, gaining institutional credibility and defying sceptics. As digital assets gain traction through legislation and ETFs, investors increasingly view crypto as a strategic hedge against market uncertainty and rising policy risks, marking a pivotal shift in asset allocation trends.
How high can Bitcoin go? $200,000, $500,000, $1 million—or even higher?
Bitcoin has reached a new high. Experts predict further price increases. Adam Back suggests a rise to $500,000 or even $1 million. Standard Chartered forecasts $200,000 by 2025 and $500,000 by 2029. Bernstein anticipates $200,000 during this bull run. Other predictions range from $150,000 to multi-millions. Experts cite institutional investment and global capital flight as drivers.
Bitcoin Pizza Day: The costliest pizza in history gets pricier as Bitcoin soars to $111K
Bitcoin Pizza Day, marked every year on 22 May, celebrates the first real-world Bitcoin transaction in 2010. That day, a programmer exchanged 10,000 BTC for two pizzas, proving crypto could be used beyond online forums. In 2025, this historic moment coincided with Bitcoin reaching a record $111,000. With surging ETF inflows and regulatory clarity, institutional demand is rising. In India, crypto adoption is accelerating too, with growing grassroots engagement and systematic investing on platforms like Mudrex reflecting a long-term shift in investor mindset.
How Two Pizzas Created a Domino Effect, Building a Trillion-Dollar Asset
May 22 marks 15 years since Laszlo Hanyecz made the first real-world Bitcoin transaction by spending 10,000 Bitcoins on two pizzas—an amount now worth over $1 billion. Since that landmark moment, Bitcoin has grown into a trillion-dollar asset class, gaining institutional and government support, ETF approvals, and global legitimacy—firmly establishing its role in the future of finance.
In crypto world, it’s an AI and blockchain tango
Artificial intelligence utility tokens are not merely a digital currency. These are AI agents based on real-world use cases and can act autonomously. AI coins built on blockchain are catching investor attention, but inherent risks of autonomy still persist, writes Himanshi Lohchab.
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Blackstone enters race for Statkraft’s India exit
Blackstone has made a $1.5 billion offer for Statkraft India. This marks Blackstone's first renewable energy acquisition evaluation in India. The offer competes with bids from KKR-backed Serentica Renewables, Sembcorp, and BlackRock. Statkraft is selling its India unit, which includes wind, solar, and hydropower assets, in four packages.
BlackRock could pour ₹500 cr into Bira91's promoter group
BlackRock is reportedly in advanced discussions to invest ₹500 crore in B9 Beverages, the maker of Bira91, through structured debt. The funds will be used by the promoter group to acquire shares from early investors and inject fresh capital into the company.
Nvidia in advanced talks to invest in PsiQuantum: Report
Quantum technology has the potential to perform types of calculations that would stump even the most powerful artificial intelligence systems that use Nvidia chips and could unlock a host of scientific and commercial applications, including cybersecurity.
Shapoorji Pallonji asks RBI for three-year relief on Sterling Capital rules
Shapoorji Pallonji Group seeks a three-year extension from the RBI for its Sterling Investment Corp to meet stricter capital adequacy norms after being reclassified as a mid-layer NBFC. This request is linked to a recent ₹28,500 crore fundraising backed by Sterling's Tata Sons stake.
Battered Wall Street short brigade is refusing to admit defeat
After a period of panic fueled by trade war fears, Wall Street has rebounded, driven by optimism surrounding potential tariff progress. Risky assets have rallied, yet skepticism persists due to lingering concerns about policy shocks and economic strains. Investors remain cautious, with some anticipating further market volatility despite the recent gains.
SP Group raises $ 3.3 billion through bond issue
The borrowing is against the group's 9.2% stake in Tata Sons held via Sterling Investment, all shares in its real estate company, Shapoorji Pallonji Real Estate, and its oil and gas business, SP Energy.
Serentica, BlackRock, Sembcorp lead the race to buy Statkraft India
Serentica Renewables, BlackRock, and Sembcorp are leading the acquisition race for Statkraft's Indian arm, submitting bids between $1.2-$1.5 billion. Statkraft is divesting its 2-gigawatt portfolio of renewable energy plants across India, offering potential acquirers options to bid for the entire company or specific packages. The sale aligns with Statkraft's strategy to prioritize investments in other regions.
Trump says US to lift Syria sanctions, secures $600 billion Saudi deal
President Trump initiated his Gulf trip by announcing the lifting of U.S. sanctions on Syria, alongside a substantial $600 billion investment commitment from Saudi Arabia into the U.S. A significant arms package sale to Saudi Arabia, valued at $142 billion, was also confirmed.
Greenko founders trim Orix stake buy plan, to raise $610 million
Greenko Group founders are reducing their acquisition of Orix Corporation's stake due to tightening credit markets. They now aim to raise $610 million to purchase 17.3% of the holding company, down from the initially planned $800 million for a 20% stake.
Elon Musk flaunts Tesla Optimus Robots to Trump and MBS in high-stakes Saudi visit
During his first international trip, President Trump secured a $600 billion investment commitment from Saudi Arabia. He met with Crown Prince Mohammed bin Salman and various business leaders, including Elon Musk, who showcased Tesla robots. The US and Saudi Arabia also discussed a potential purchase of Lockheed F-35 jets, strengthening their alliance through significant economic and defense agreements.
Trump secures $600 billion in investment commitment from Saudi Arabia; deal includes defence tech, aerospace pacts
During his first state visit to Saudi Arabia as U.S. President, Donald Trump secured a $600 billion investment commitment from the Kingdom, the White House announced on Tuesday. The sweeping deal includes a $5 billion energy investment fund, a $5 billion fund for advanced aerospace and defense technologies, and a $4 billion global sports initiative by Enfield Sports.
Saudi crown prince welcomes Trump to kingdom as US leader begins 4-day Middle East tour
Donald Trump's Middle East trip commenced in Saudi Arabia, emphasizing economic agreements amidst concerns about Iran and Gaza. Crown Prince Mohammed bin Salman warmly welcomed Trump, solidifying a strong relationship with potential for significant Saudi investment in the US.
Elon Musk, Sam Altman and other CEOs join Trump at US-Saudi lunch
Top US business leaders joined President Trump and Saudi officials for a high-profile lunch in Riyadh to discuss trade, investment, and AI. Executives from tech, finance, and industry aimed to court Saudi funding and influence US trade policy amid rising global tensions.
These business leaders have accompanied US President Donald Trump on a trip to Saudi Arabia. Here’s the list
US President Donald Trump received a formal welcome in Saudi Arabia. His arrival featured a display of Saudi tradition, a meeting with key tech figures, and conversations with Crown Prince Mohammed bin Salman. Elon Musk was also present, along with several CEOs from major global companies.
Trump in Saudi speech urges Iran toward a 'new and a better path' as he pushes for nuclear deal
Donald Trump visited Saudi Arabia and called for Iran to change its course. He wants a new nuclear agreement. Trump expressed a desire for peace and partnership. He hopes Saudi Arabia will recognize Israel. Trump met with Syrian President Ahmad al-Sharaa. Several economic and cooperation agreements were signed between the U.S. and Saudi Arabia.
Elon Musk invited to Saudi-US investment forum in Riyadh, planning note says
Elon Musk has been invited to a high-profile Saudi-US investment forum in Riyadh during President Trump’s Middle East visit. The event includes major CEOs and may feature major economic deals. Musk’s ties with Saudi Arabia have improved, following Tesla’s launch in the kingdom and political alignment.
Pimco, BlackRock to take part in SP Group's $3.5 billion fundraise
The Shapoorji Pallonji Group's $3.5 billion funding round, the largest private credit transaction in Asia, is set to close early next week, attracting first-time investors like Pimco and BlackRock. Driven by strong investor demand, the deal's non-convertible debentures offer a 19.75% coupon. The funds will refinance existing liabilities and support group operations, with existing investors also participating.
US, Russia explore ways to restore Russian gas flows to Europe, sources say
Amid strained energy relations between Europe and Russia, U.S. and Moscow officials have discussed reviving Russian gas sales to Europe, potentially aiding Ukraine peace talks. Washington's involvement could navigate European opposition and provide oversight, with U.S. firms possibly investing in pipelines or acting as gas buyers.
Elon Musk's xAI joins TWG Global, Palantir for AI push in financial sector
The collaboration will integrate xAI's models, which include its Grok family of large language models and its Colossus supercomputer, into business operations. The companies expect "many more partners" after the inclusion of xAI. Enterprise clients are investing in AI technologies to enhance services and introduce new features in their products, resulting in new partnerships for capturing market share.
Lesson for Indian companies in Buffett handover; new Berkshire CEO likely to bet on hard assets: Raamdeo Agrawal
Raamdeo Agrawal of Motilal Oswal Group anticipates a shift towards tangible assets for wealth creation. He highlights infrastructure projects as a key opportunity. Agrawal notes Berkshire Hathaway's potential move into hard assets under new leadership. He suggests they might invest in cross-country infrastructure. He also observes Berkshire Hathaway's large cash reserves.
Is Elon Musk eyeing number one status in AI race? Check Tesla boss' latest big artificial intelligence move
Elon Musk's AI firm xAI has been taking big steps as the competition in the artificial intelligence sector toughens.
George Heber Joseph joins Blackstone–backed ASK Investment Managers as CIO and CEO (Equity)
ASK Investment Managers has appointed George Heber Joseph as CIO and CEO (Equity) to lead its equity platform, including PMS, AIFs, and upcoming mutual funds. With decades of market experience, George will drive innovation, expand product offerings, and strengthen ASK’s position across investor segments with a fundamentals-driven, data-backed investment approach.
Can bond yields spoil the market party going ahead? Ben Powell answers
BlackRock's Ben Powell suggests rising US 10-year Treasury yields, driven by persistent US inflation and trade tensions, could dampen economic optimism. This limits the Federal Reserve's ability to cut rates, while investors demand higher compensation for long-term investment risk. Despite potential demand contraction, companies are investing in AI to boost productivity amid global uncertainty.
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