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A version of this story appeared in our The Guidance newsletter on April 1. Sign up here.BlackRock’s Larry Fink says the future of finance is the full digitisation of assets like stocks and bonds.His firm is putting its money where its CEO’s mouth is.Adam Morgan McCarthy has some analysis here on BUIDL, BlackRock’s foray into tokenised funds on Ethereum. The fund has drawn about $275 million since its launch last week.Stay ahead of the game with our weekly newslettersThis is not the first time an investment firm has tokenised a fund — Franklin Templeton is way ahead — but BlackRock…

We may be just three months into 2024, but some investors made a lot of money in the first quarter. Shares of Super Micro Computer (SMCI 2.77%), MicroStrategy (MSTR -5.49%), and Root (ROOT 0.07%) have already more than doubled in 2024. They are among just 21 stateside-listed stocks with market caps greater than $800 million that have doubled this year, and they are the rare early victors of 2024 that also more than doubled last year. Let’s take a closer look at how these three produced wealth-altering returns in just the last three months. 1. Super Micro Computer: Up 255%…

Sam Bankman-Fried, the disgraced former crypto king who was handed a 25-year sentence for leading a massive fraud, insisted in his first interview from prison that he didn’t believe he was breaking the law — although he also admitted it wasn’t right. “I never thought that what I was doing was illegal,” Bankman-Fried told ABC News on Sunday. “But I tried to hold myself to a high standard, and I certainly didn’t meet that standard.” He also said from his jail cell at the Metropolitan Detention Center in Brooklyn that “of course” he is remorseful after US District Judge Lewis…

Bitwise’s Chief Investment Officer, Matt Hougan, has indicated that the Securities and Exchange Commission (SEC) may push back the approval of eagerly awaited Ethereum (ETH-USD) exchange-traded funds (ETFs) to December.  After its spot Bitcoin ETF debut, which rapidly amassed over $2 billion and ranked fifth in what’s been dubbed by the cryptocurrency community the “Cointucky Derby,” Bitwise now faces another showdown with the SEC. Despite the expected delay, Hougan remains optimistic, proposing that a more gradual introduction to Ethereum ETFs could allow traditional finance more time to acclimate to the crypto ecosystem, potentially setting the stage for a stronger market…

Check out the companies making headlines in midday trading. Micron Technology — Shares jumped more than 6% after Bank of America raised its price target on the chipmaker. The Wall Street firm expects demand for high-bandwidth memory technology will grow to more than $20 billion by 2027. Cameco — Shares rose more than 5% after Goldman Sachs initiated coverage of the uranium producer with a buy rating, saying there is more than 25% upside. Semtech — Shares advanced more than 6% after the semiconductor manufacturing company last week reported fourth-quarter revenue that beat expectations. Semtech posted revenue of $192.9 million,…

JPMorgan added two new names to its list of top stocks as April begins — Bank of America and CarMax . The firm’s focus list includes its top equity ideas targeted around growth, income, value and short strategies. JPMorgan has an overweight rating on Bank of America, while used vehicle platform CarMax is rated underweight. Analyst Vivek Juneja added Bank of America as a value idea. However, his price target of $35 implies that shares could fall 8% from their Thursday close. Shares of Bank of America have risen 12% in 2024. Juneja thinks the stock has the potential to…

New York CNN  —  Shares of Truth Social owner Trump Media & Technology Group plunged Monday after the company disclosed that it lost more than $58 million and generated very little revenue in 2023. The figures underscore why some experts warn Trump Media’s multibillion-dollar valuation defies logic and is reminiscent of the meme stock craze. In a regulatory filing on Monday, Trump Media said it lost $58.2 million in 2023, compared with a profit of $50.5 million in 2022. The Truth Social owner generated just $4.1 million in revenue, although that was up from $1.5 million in 2022. Not only…

29 Mins AgoDow underperformsThe Dow lagged on Monday, hurt by a group of stocks facing downward pressure.The blue-chip average lost 0.7% in Monday afternoon trading. Meanwhile, the S&P 500 and Nasdaq Composite shed just 0.3% and 0.1%, respectively.See Chart…The Dow, 1 dayHome Depot led the 30-stock average into the red with a drop of more than 3%. Nike, Boeing and Honeywell were the next biggest losers, with all three slipping more than 1.5%.Less than a third of stocks in the index were trading higher shortly after 1 p.m. ET. However, 3M was the notable outperformer in the session with a…

Artificial intelligence programs could be an effective way to relieve the paperwork burden that keeps doctors from seeing more patients, a new study finds. The AI program Chat GPT can write administrative medical notes up to ten times faster than doctors without compromising the quality of the reports, Swiss researchers report. Human orthopedic doctors and Chat GPT separately prepared discharge papers and notes for six fake patient cases that closely mimicked real cases, researchers said. An expert panel of 15 people unaware of the source of the documents couldn’t tell the difference between them, results show. What’s more, the AI…

Understanding Artificial General Intelligence and its connection to ChatGPT-5 Artificial General Intelligence (AGI) is an advanced form of artificial intelligence that aims to mimic human intelligence across a wide range of cognitive tasks. Unlike narrow AI systems, which are designed for specific tasks like image recognition or natural language processing, AGI seeks to exhibit general intelligence comparable to that of humans, allowing it to learn, reason, and adapt to new situations autonomously. AGI represents the pinnacle of AI research, where machines possess the ability to understand, learn, and apply knowledge across various domains, like the breadth of human intelligence. Achieving…