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April Expected to See Rebound in Job Growth; Buffett Sells IBM Stake

The April jobs report is out Friday morning.
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Most economists expect the rate to hold steady at 4.5% in April and for job growth to be around 190,000. Investors will also be looking at wages to see if they are growing fast enough to signal an economy that is firing on all cylinders. Warren Buffett's Berkshire Hathaway (BRK.A) - Get Berkshire Hathaway Inc. Class A Report  sold a third of its stake in IBM (IBM) - Get International Business Machines Corporation Report . He told CNBC ahead of the company's annual shareholders meeting that they sold the stake when IBM topped $180 s share. He says he's revalued the stock downward since buying it 6 years ago. Oil has dropped to its lowest level this year. The price is now below $45 for the first time since OPEC began cutting production in January. A combination of resilient U.S.shale output and less demand for gasoline is keep prices low. Crude oil prices are down 15% in the past 3 weeks. Federal Reserve Chairwoman Janet Yellen speaks today at Brown University. Fed Vice Chair Stanley Fischer will also be speaking in California. March Consumer Credit is reported.

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