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Added on the 25/08/2016 18:19:22 - Copyright : Reuters EN
Tiffany investors got a surprisingly strong earnings report from the upscale jeweler after profits rose, driven by lower raw material costs and price hikes. Bobbi Rebell reports.
Tiffany Wood has been an active 'super user' seller on Poshmark since 2015, and her loyalty has truly paid off. According to Business Insider, Wood now has a $12,000 nest egg because she bought stock in the company's initial public offering. In a leaked email, Poshmark let super users know the company had reserved 330,000 shares that they, and their friends and family, could purchase. The max buy was 150 shares. Wood bought 149 shares at $42 a share--the initial share price. On day one, her stock went up to a value of $14,378. By the market's close on Friday, shares were trading at $83.20. Wood's stake is still worth $12,397 with a healthy profit of $6,139. And she's thrilled!
Violent protests continue in Ecuador's capital as indigenous demonstrators respond to volleys of tear gas with homemade mortars and fireworks launched through tubes, turning the area around the Congress building in Quito into a battleground. IMAGES
Demonstrators clash with Liberian police in Monrovia during a march against corruption and economic mismanagement under former footballer turned president George Weah. IMAGES
White House spokesman Josh Earnest says pharmaceutical firms risk damaging their reputations "by being greedy and jacking up prices" amid criticism over Mylan NV's sharp cost hike of its allergy drug EpiPen. Rough Cut (no reporter narration).
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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