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Here are 10 things you should know for Thursday, May 26:
1. -- U.S. stock futures suggested Wall Street would rise for a third straight day as oil prices in the U.S. jumped and Brent crude traded above $50 a barrel for the first time in seven months.
European stocks were mixed and Asian shares finished the session with slight gains.
Oil prices in the U.S. early Thursday rose 0.65% to $49.88 a barrel. Brent crude, the international benchmark oil price, rose as high as $50.26 a barrel and was trading recently at $50.08.
2. -- The economic calendar in the U.S. Thursday includes weekly Initial Jobless Claims at 8:30 a.m. EDT, Durable Goods Orders for April at 8:30 a.m., and Pending Home Sales for April at 10 a.m.
3. -- U.S. stocks on Wednesday finished higher, thanks to a drop in crude oil supplies that buoyed the energy industry.
The S&P 500 added 0.69%, and the Nasdaq gained 0.7%. The Dow Jones Industrial Average rose 0.81%, pushing the blue-chip index into positive territory for the month.
HP said it expects to report earnings of 37 cents to 40 cents a share in the third quarter, below analysts' estimates of 41 cents.
For the second quarter, the company posted adjusted profit of 41 cents a share, 2 cents above estimates. Revenue of $11.59 billion, however, fell short of expectations.
The drop in revenue was driven by a 10% decline in personal systems revenue with total units down 9%. A 16% decline in printing revenue also pressured total revenue as hardware units fell 16%.
The warehouse retailer said that same-store sales during the period, excluding the impact of gas price deflation and the strong U.S. dollar, rose 3%.
Costco said membership fees rose 5.8% in the third quarter.
6. -- Shares in Takata surged Thursday after KKR & Co. (KKR) - Get Report offered to support the turnaround of the Japanese airbag maker embroiled in the largest automotive safety recall in history, the Financial Times reported.
KKR is among several candidates to have expressed interest in Takata during preliminary talks, the Financial Times reported, citing a person familiar with the matter. But a deal is unlikely anytime soon, with some carmakers citing concerns about handing over control of the loss-making Japanese group to foreign funds, the FT reported.
7. -- New York state's financial regulator, which recently launched a probe into LendingClub (LC) - Get Reportis preparing to look into the activities at other online lenders and whether they should be licensed in New York, a person familiar with the matter told Reuters.
The New York Department of Financial Services hasn't yet established which companies it may target, but information it receives in response to a May 17 subpoena sent to LendingClub, one of the largest online lending services, could shed light on broader industry practices that require scrutiny, the person told Reuters.
8. -- US Foods, owned by private-equity firms Clayton, Dubilier & Rice and KKR & Co., sold shares for $23 each in an initial public offering that raised $1.02 billion.
US Foods was valued at roughly $5.1 billion in its IPO, including debt.
Earlier this year, Sysco abandoned its planned acquisition of US Foods after the Federal Trade Commission blocked the deal.
9. -- Acushnet Co., the owner of golf brands including Titleist and Footjoy, is preparing to register with U.S. regulators as early as June for an initial public offering that could value it at more than $2 billion, Reuters reported, citing people familiar with the matter.
10. -- Earnings are expected Thursday from Abercrombie & Fitch (ANF) - Get Report , Dollar General (DG) - Get Report , Dollar Tree (DLTR) - Get Report , Palo Alto Networks (PANW) - Get Report and Splunk (SPLK) - Get Report .