PRESS DIGEST- New York Times business news - January 9

BY Reuters | AGENCY | 02:00 AM EST

Jan 9 (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.

- U.S. President Donald Trump ?said he had ordered ?Fannie Mae and ?Freddie Mac to buy up to $200 billion ?in mortgage-backed bonds, ?a move aimed at easing home purchases.

- A group ?of House Democrats ?asked ?the inspectors general of the State and Commerce Departments to investigate whether ?White House Middle East envoy Steve Witkoff violated ethics rules by mixing his official duties with his family's business interests.

- China has ?launched ?an investigation on Meta's acquisition of AI start-up Manus to ?determine whether the deal complies with the country's technology export and outbound investment rules.

- U.S. federal agents shot two people during a traffic stop in Portland, ?Oregon, a day after a fatal agent-involved shooting in Minneapolis intensified criticism of the ?Trump administration's immigration crackdown. (Compiled by Bengaluru newsroom)

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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