Oil Prices on the Rise, Google Trims Expenses, and Job Openings Decrease

Discover key developments in the financial world and gain valuable insights to navigate the ever-changing landscape – all in our special edition newsletter.

Author

Justin Oh
April 06, 2023

In observance of Good Friday, markets will be closed tomorrow, April 7, 2023, so we're sending this special edition newsletter today 🗞️📬. For those who celebrate, Happy Easter! 🐣🌷 In this issue, we cover the steep rise in oil prices, Google's cost-cutting measures, job openings dipping below 10 million, and more. We also include insightful tweets from industry experts and exclusive Cents Invest Club content 🌐💼. Enjoy this special edition, and we'll be back with regular updates soon. Have a prosperous and blessed Easter weekend! 🐰💐

📣 As a reminder, if you’re an accredited or serious investor looking for a community of serious intelligent stock investors head over to centsinvest.com and get 30 days FREE! 📣

 What You Need to Know

Headlines

Oil Prices Surge 6.3% in Steepest Rise in Over a Year

The jump follows a vow by Saudi Arabia and other OPEC+ members to cut production.

https://www.wsj.com/articles/oil-prices-jump-as-saudi-led-group-plans-output-cuts-c5c9a55e

Google to cut down on employee laptops, services and staplers for 'multi-year' savings

Google CFO Ruth Porat made references to the year 2008, when Google made similar cuts to respond to the financial crisis.

https://www.cnbc.com/2023/04/03/google-to-cut-down-on-employee-laptops-services-and-staplers-to-save.html

Job openings tumbled below 10 million in February for the first time in nearly two years

Available positions totaled 9.93 million, a drop of 632,000 from January's downwardly revised number.

https://www.cnbc.com/2023/04/04/jolts-february-2023-.html

Private payrolls rose by 145,000 in March, well below expectations, ADP says

Company payrolls rose by 145,000, down from 261,000 in February and below the Dow Jones estimate for 210,000.

https://www.cnbc.com/2023/04/05/adp-march-2023.html

Bank Failures. High Inflation. Rising Rates. Is the Resilient Jobs Market About to Crack?

U.S. employers added 5.6 million jobs over 14 months, but gains have shown signs of cooling recently amid economic risks.

https://www.wsj.com/articles/bank-failures-high-inflation-rising-rates-is-the-resilient-jobs-market-about-to-crack-e1f566f6?mod=hp_lead_pos2

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