Equivocal Diary

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LVMH’s takeover of Tiffany seen as uncertain: WWD

French luxury goods group LVMH’s (LVMH.PA) $16.2 billion takeover of Tiffany & Co (TIF.N) is looking less certain as the jeweler grapples with a deteriorating situation in the U.S. market

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Lyft says May rides jump 26% from prior month

Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26% in May from the previous month helped by strong growth in cities where coronavirus-induced restrictions have

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Rental fleet collapse drags down U.S. vehicle sales

The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began

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Wall Street closes up on signs of economic rebound

A late-session rally pushed Wall Street to solid gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and

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Twitter names ex Google CFO Pichette as chair, Kordestani to stay on

Twitter Inc TWTR.O on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network’s board chairman, marking the first time in Twitter’s history that an

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Zoom nearly doubles revenue forecast on remote-work boost, but costs rising

Zoom Video Communications Inc (ZM.O) nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends

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Oil up more than 3% ahead of OPEC+ meeting and on easing lockdowns

Oil prices climbed by more than $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video conference expected to be

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