The Daily

Nokia (NYSE:NOK), the Finnish network equipment and solutions firm, closed Thursday at $12.35, down 6.37%. Shares may have fallen on profit-taking or broader AI valuation jitters. European stocks slipped today on geopolitical concerns.

Trading volume reached 125.8 million shares, coming in about 70% above its three-month average of 74.3 million shares.

 » Read more about: Stock Market Today, May 7: Nokia Drops by 6% as Momentum Stalls  »

Quick Read

• PIMCO Active Bond ETF (BOND) sits near $92 after 6% total return, positioned for mutual fund conversions.

• Fidelity Total Bond ETF (FBND) holds $25 billion with 4.6% distribution yield and benefits from conversion pipeline.

• 10-year Treasury yield’s movement above 4.6% or below 4% will determine total return compression or extension across trio.

 » Read more about: 100 Mutual Fund Conversions Are Coming: Why BOND and FBND Could See Massive Inflows This Year  »

The US Court of International Trade has ruled against President Donald Trump’s 10 per cent global tariff imposed on all trade partners, including India.

The move, which will bring down import levies in the US to the basic MFN level, is expected to strengthen India’s hand in the ongoing negotiations for a free trade agreement with the US,

 » Read more about: US Court rules against Trump’s 10% global tariff lending India a negotiating edge  »

 » Read more about: Apple Just Discontinued Its Cheapest Mac Mini, but Wedbush Says It’s Good News for AAPL Stock  »

 » Read more about: Tech stocks could offer their best value in years, analysts say, after stellar earnings season  »

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

 » Read more about: American Express (AXP) – Among the 10 Best Value Stocks to Buy in 2026 According to Warren Buffett  »

The Post’s parent company News Corp reported better-than-expected quarterly earnings on Thursday, driven by growth in its Dow Jones, digital real estate and book publishing divisions.

The New York-based media giant reported $121 million from continuing operations, or 16 cents a share,

 » Read more about: News Corp beats quarterly earnings expectations, driven by Dow Jones, real estate units  »

 » Read more about: Stock futures are higher as traders monitor U.S.-Iran developments; April jobs report looms: Live updates  »

Warren Buffett got serious about Sirius XM (SIRI +0.26%) in his final few quarters as CEO of Berkshire Hathaway. Buffett’s iconic conglomerate had been adding to its stake in Sirius XM over the past two years, amassing a stake of better than 37% in the satellite radio monopoly before the generational investor stepped down from the helm.

 » Read more about: Warren Buffett Owns This Dividend Stock. Should You Buy It Too?  »

 » Read more about: IREN inks AI infrastructure deal with Nvidia  »