Cramer: Ignore temptation! Do not sell FANG Jim Cramer knows that many of the FANG faithful are tempted to sell. He makes the case as to why Facebook, Amazon, Netflix & Google could still surge.
| By: Abigail Stevenson
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. A drop of that magnitude is defined as a correction in Wall Street jargon.
Source: The Associated Press
| By: By The Associated Press
INTERVIEW-United Airlines to revamp scheduling to fight flight delays CHICAGO, Aug 28- United Airlines plans to change the way it schedules flights and to use new technology to tackle the delays and cancellations that have hurt its competitiveness, company executives told Reuters. The new initiatives aim to narrow the gap in performance between United Continental Holdings Inc and Delta Air Lines Inc, which has the best on-time...
| By: Jeffrey Dastin
FOREX-Dollar gains as Fed officials keep door open for Sept hike NEW YORK, Aug 28- The dollar rose to one-week highs on Friday for a fourth straight session of gains after some Federal Reserve officials did not rule out an interest rate hike next month despite this week's market meltdown. The index extended gains after Federal Reserve Vice Chair Stanley Fischer said the U.S. central bank can't wait for the case on hiking...
| By: Gertrude Chavez-Dreyfuss
WRAPUP 2-Fed says rate hike next month hinges on market volatility JACKSON HOLE, Wyo., Aug 28- The U.S. Some top policymakers, including Fed Vice Chairman Stanley Fischer, said the recent volatility in global markets could quickly ease and possibly pave the way for the first U.S. rate hike in nearly a decade. With a key policy meeting set for Sept. 16-17, at least five Fed officials spoke publicly in what amounted to a jockeying for...
| By: Jonathan Spicer and Howard Schneider