Wall Street stocks rose on Friday after the Federal Reserve’s preferred measure of inflation inched higher in line with expectations, while consumer spending declined for the second consecutive month.Wall Street’s benchmark S&P 500 added 0.4 per cent and the tech-heavy Nasdaq Composite gained 0.7 per…

Starting with a London corner shop in 1963, Sir Anwar Pervez built Bestway into one of Britain’s largest wholesaling business. That underpins the expectation that some industrial logic lies behind the family-owned company’s surprise acquisition of a £200mn holding in Sainsbury’s on Friday. Announcing the…

Goldman Sachs had a rough year in 2022. And CEO David Solomon was punished for that. Sort of. The investment banking giant said in a Securities and Exchange Commission filing Friday that Solomon received $25 million in annual compensation last year. While that is still…

Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to the companies. Several reports say the companies have stopped offering…

American Express, Visa and Mastercard signage are displayed in a shop window in New York.Scott Eells | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.American Express — The credit card company saw an 11% jump in its shares after it issued…

Dear reader, This week, FT readers may have learnt more about German and US motorised armoured weaponry for use in Ukraine than they care to know. But Lex has noted that a different sort of tank has returned, parking on and churning up the front…