6,650 workers cut, or 5% of its workforce

Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Dell on Monday announced plans to lay off 5% of its workforce, or about 6,650 employees, according to an SEC filing.  The cuts at Dell come as … Read more

Cramer’s week ahead: Markets will do ‘much better’ during the next four weeks

Stocks rose on Friday but ended the turbulent week down.

Nasdaq records first seven week losing streak since 2002

Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest losing streak for the tech-heavy index in 21 years. Inflation, rising interest rates, the war in Ukraine and pandemic lockdowns in China are adding … Read more

Stocks head for another potentially treacherous week, after S&P 500 falls into bear market territory

Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs … Read more