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PRESS DIGEST- New York Times business news - November 13

BY Reuters | ECONOMIC | 11/13/25 12:42 AM EST

Nov 13 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Raphael Bostic said he would step down from his role as president of the Federal Reserve Bank of Atlanta at the end of February.

- Kim Kardashian's apparel giant, Skims, has raised $225 million in new financing, at a $5 billion valuation.

- Britain will back a modular nuclear power station for Anglesey Island in northern Wales, pledging 2.5 billion pounds ($3.36 billion) for initial site work.

- Europe's top processor of rare earths materials, Solvay , said it has forged new partnerships to strengthen supply chains in the United States. ($1 = 0.7451 pounds) (Compiled by Bengaluru newsroom)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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