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Myanmar sets $2.80 daily minimum wage in bid to boost investment

YANGON, Aug 29 (Reuters) - Myanmar has set a minimum wage of 3,600 kyat ($2.80) for an eight-hour work day, a move likely to boost investment in the fast-growing country's garment industry. The decision on a minimum wage, which follows two years of often acrimonious debate between garment factory owners and labor unions, was announced on Saturday. Myanmar's government has targeted garments for ...
Source: Reuters
Traders gear up for volatility, big jobs Friday

Traders emerging from one of the most turbulent weeks for stocks in history will likely need to brace for more volatility as the Street gears up for next week's jobs report. While stocks Friday traded within a relatively tight range and ended just around the flatline, the VIX held little changed near 26. "You can see these futures are being pulled higher with the cash," said Daniel Deming, ...
Source: CNBC.com | By: Evelyn Cheng
Lightning Round: It's still too early to buy this

It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed: Array Biopharma (NASDAQ: ARRY): "The last program that they had was not up to snuff, which is why the stock came down. But they have others. I will sanction it only as a pure spec and not adjust the spec." Groupon (NASDAQ: GRPN): "We are not fans of Groupon. It ...
Source: CNBC.com | By: Abigail Stevenson
Cramer: Ignore temptation! Do not sell FANG

Jim Cramer knows that it is very tempting after the recent rally this week for investors to want to sell FANG, which is Cramer's acronym for Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN), Netflix (NASDAQ: NFLX) and Google (NASDAQ: GOOGL). FANG has been the leader of the market but took a nosedive with the rest of stocks in this week's selloff. So, now that they have bounced back, Cramer can see ...
Source: CNBC.com | By: Abigail Stevenson
Cramer: Big lessons from this week's flash crash

Some may think that since the market has settled down nothing really happened this week. Jim Cramer disagreed, calling it one of the most monumental weeks in years. It was a week that displayed unprecedented volatility and the eye-popping frailty of equities. "We traveled about 10,000 Dow (Dow Jones Global Indexes: .DJI) points up and down for the week in total-a roller coaster that simply ...
Source: CNBC.com | By: Abigail Stevenson
Cramer game plan: Prep for more selloff next week

After the total chaos and volatile nature of the market this week, Jim Cramer can't blame investors who have lost faith in stocks, but he urged them not to give up. "Here I am telling you, yet again, that if you protect yourself with limit orders, if you use weakness to put some of your capital to work, not run from the market, you can use your money to make money in stocks, and that's not ...
Source: CNBC.com | By: Abigail Stevenson
Cramer game plan: Prep for more selloff next week  

Media Link Transcript My mission is simple. You money. Cramer welcome to mad money. Graham. 107 were three CBC or we meet. Jim Cramer the week the white. Or not went back. The dal did twelve point doesn't actually rose 26%. NASA giving us point 32% and I for 1 am very glad to put the brutal volatility. Oh. It totally chaotic and mercurial nature of the market aren't so I don't. I thought let ...
Source: CNBC.com
BY THE NUMBERS: The stock market's wild week

The U.S. stock market had a wild week as investors fretted about the declining health of the Chinese economy. Stocks slumped on Monday and Tuesday, before rebounding strongly the following two days. The market actually ended the week higher, but is still on course for its worst monthly performance in more than three years. Here's a look, by the numbers, at the market's volatile week; 1,090: ...
Source: The Associated Press | By: By The Associated Press
A perfect hideout stock  

Media Link Transcript We had just had of course one of the three most epic draw downs in the history of equity market on a very short term basis and when asked ask oneself. What were you doing a week or two weeks ago when we were your parents they're people who were prepared for 12100 people repaired for 87. And so what and so on so. It's not out of nowhere where weakness comes from now that ...
Source: CNBC.com
Dizzy: Just how crazy was the market's wild ride?

Market selloff. Market rout. Recovery. Capitulation. Investors heard all these words this week as U.S. markets took a roller coaster ride from the depths on Monday to a historic reversal just two days later. (Tweet this) Here are some of the milestones hit throughout this historic week: All major averages closed up for the week, reversing steep declines. At this week's lows: the Dow was down ...
Source: CNBC.com | By: Reem Nasr