The tobacco group UK:IMB said that, excluding the impact of its exit from Russia, first-half group net revenue is seen at a similar level to the prior-year period at constant currency.
Dow Jones Newswires: Givaudan first-quarter sales fell slightly amid high input costs
The Swiss flavor-and-fragrance company CH:GIVN said its sales in the first three months of the year were 1.77 billion Swiss francs ($1.98 billion), compared with CHF1.78 billion a year earlier.
Dow Jones Newswires: China’s exports rose unexpectedly in March, first gain in six months
China’s exports unexpectedly rose 14.8% in March, doubling expectations by a large margin and ending a falling streak that began in October.
: Alibaba shares fall as SoftBank reportedly sells most of its stake
U.S.-traded shares of Alibaba Group Holding Ltd. sank Wednesday following a report that SoftBank Group Corp. has moved to sell most of its stake in the Chinese tech giant.
: Stock rally making it too hot for shorts as AMC, GameStop, Coinbase are the ‘most squeezable’
As the broader stock market has been on a tear for about a month, things are looking grim for investors with big short positions.
The Tell: Interest rates on bank deposits trail Fed’s benchmark by most in recent history: N.Y. Fed paper
The interest rates banks pay on $18 trillion in deposits lags behind the fed-funds rate by the largest gap on record, according to a New York Fed paper.
: Feinstein seeks Judiciary replacement after 2 House Democrats call for her to step down
California Rep. Ro Khanna on Wednesday became the first Democratic lawmaker to openly call on Sen. Dianne Feinstein to step down, saying the longtime senator can no longer fulfill her duties.
Personal Finance Daily: It’s CPI day: ‘Calmer inflation means lower mortgage rates — eventually’ and food inflation slowed in March, but some items are still up by 36%
Wednesday’s top personal finance stories.
Crypto: What is Ethereum’s Shanghai upgrade? Here’s how it might affect the price of ether.
Ethereum, a blockchain that supports the world’s second largest cryptocurrency ether, is set to go through an important upgrade on Wednesday.
Market Extra: Inflation data’s outsize impact on stocks is fading after becoming a marquee event for markets in 2022
U.S. inflation reports are no longer eliciting the outsize swings in U.S. stocks that investors witnessed during 2022. One longtime stock-market strategist and trader offered an explanation in an interview with MarketWatch.
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