Benjamin
Staff writer · StockPil
Benjamin Carter covers business, finance, and the stock market for StockPil, focusing on the trends and data that matter to everyday investors.
Latest from Benjamin
Anthropic to give 5% of shares, about $48bn, to public benefit fund
Anthropic will set aside 5% of its shares for a new fund aimed at the public good, a stake worth roughly $48bn (£36bn) at the company's most recent v…
Musk Pledges One SpaceX Share to Every U.S. Child Next Year
Elon Musk said he will give one SpaceX share to every child in America next year, a pledge worth roughly $10.5 billion at Friday's closing price.
Trump’s Russia sanctions waiver draws bipartisan Senate backlash
Trump's Friday waiver of Russia sanctions under the Graham Act drew bipartisan criticism from Tillis, Cruz, Haley, Warren and Zelenskyy.
Warsh Won’t Signal October Fed Move as Markets Price a Hold
Federal Reserve Chair Kevin Warsh used a Friday appearance at the IMF-World Bank annual meetings in Bangkok to refuse any steer on the central bank's…
TSMC Posts Record Q3 Profit, Guides Q4 Revenue to $54.3B
Taiwan Semiconductor Manufacturing Co. reported a record third-quarter net profit of NT$763.1 billion, about $23.6 billion, up 68.7% from a year earl…
Wholesale Prices Climb 6.3% Annually, Biggest Jump Since 2022
Wholesale prices rose 1.3% in September and 6.3% over the prior 12 months, the Bureau of Labor Statistics said Thursday, in a producer price index re…
US inflation rises to 3.7% as gasoline prices jump 9.1%
US consumer price inflation accelerated to 3.7% in the year to September, up from 3.4% in August and faster than the 3.6% economists had expected, Th…
Morgan Stanley Q3 profit up 6.5% as equities trading beats estimates by $909M
Morgan Stanley beat Wall Street expectations in the third quarter, helped by a 41% jump in equities trading revenue to $5.8 billion, CNBC reported. T…
Bank of America Profit Falls 17% on $1.2 Billion Penalty
Bank of America absorbed a $1.2 billion penalty from U.S. regulators in the third quarter, dragging net profit down 17% to $6.93 billion, or 91 cents…
US Inflation Hits 3.7% in Final Report Before Midterms
US consumer prices rose 3.7% in the 12 months to September, the fastest pace since the spring ahead of next month's midterm elections, Theguardian re…
Crowded AI Trade Pushes Retail Toward Semiconductor ETFs
Financemagnates reports retail traders are rotating out of crowded Nvidia bets toward semiconductor ETFs, AI power infrastructure and cybersecurity n…
JPMorgan Q3 Profit Misses Estimates as Dimon Warns on Inflation
JPMorgan's Q3 net income hit $15.4bn, missing the $16.3bn expected, as CEO Jamie Dimon flagged fiscal deficits and sticky inflation.
India inflation hits 22-month high of 5.54% in September
India's headline retail inflation reached 5.54% in September, up from 4.82% in August and above the 5.40% economists had expected in a Reuters poll…
Starbucks rules out Chipotle takeover after FT report
Starbucks said Monday it is not buying Chipotle, ending deal speculation after a Financial Times report. Chipotle shares fell, Starbucks rose.
US Stocks Close Mixed as Q3 Earnings Season Opens
US stock indexes closed mixed on Oct 12 as Q3 earnings season opened. Nasdaq reported chips sliding while Coincentral flagged bank earnings and CPI.
EU Caps Chinese Hybrid EV Imports at 350,000 a Year
The European Commission has confirmed an annual cap of 350,000 plug-in hybrid electric vehicles (PHEVs) imported from China, imposed under World Trad…
IMF Warns AI Is a Slow-Moving Tsunami for Young Workers
IMF chief Kristalina Georgieva calls AI a 'slow-moving tsunami' for jobs as the World Bank's Jobs Council urges permanent crisis-era hiring support.
UK business inflation pressures hit three-year high as Nobel economics prize awarded
UK business inflation pressures hit a three-year high in September, the Nobel economics prize is announced in Stockholm, and the IFS warns of a £35bn…
Trump Forms Committee to Weigh Firing Fed Governor Lisa Cook
Trump has created a committee of inquiry to weigh mortgage fraud allegations against Fed Governor Lisa Cook, with a White House hearing set for Nov…
OpenAI forecasts $50bn revenue, $20bn below its earlier guidance
OpenAI told investors 2026 revenue will reach $50bn, about $20bn below the $70bn signalled in September, after an accounting gap with Anthropic.
