Another major bank out there is reporting loses – Citigroup Inc. reported they’ve lost $5.1 billion during the first quarter and will be cutting another 9,000 jobs.  It seems they’ve made a few bad moves mostly because of poor bets on mortgage loans.  Who know’s, they could have made other bad deals as well….

What this means is Citigroup will be letting go about 13,200 real family hard working “I think” jobs in all.  This following the announcement in January of cutting 4,200 jobs.

Oil prices drop below $113 a barrel.

Oil prices dropped more than $2 a barrel early Friday in light trading.  Well this stay down? – I think not!  Light, sweet crude for May delivery was down $2.06 to $112.80 a barrel.  It appears that these prices could have been supported by the U.S. Energy Department report on inventories.  The report had showed that the gasoline supplies fell 5.5 million barrels last week.  This was much more than what anyone had expected.