WASHINGTON The number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest gain in more than a year, but the underlying trend continued to point to a strengthening labor market.
U.S. stocks opened higher on Thursday as oil rose for the first time this week, helping boost energy shares, and investors awaited the monthly jobs data on Friday.
Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, said the bull market in stocks has "exhausted itself" and that gold is his largest currency allocation.
(Repeats to show photo availability). By Ransdell Pierson. May 5 Merck & Co Inc on Thursday reported lower-than-expected quarterly revenue, hurt by disappointing sales of its Januvia diabetes treatment and Remicade arthritis drug.
Atlas Air Worldwide Holdings Inc. AAWW 39.85 % said Thursday it would provide air cargo services to Amazon.com Inc., AMZN 0.56 % further building out the online retailer's delivery network.