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PRESS DIGEST-Wall Street Journal - January 12

BY Reuters | ECONOMIC | 01:20 AM EST

Jan 12 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for ?their accuracy.

- U.S. prosecutors are investigating Federal Reserve ?Chair Jerome Powell over his testimony last ?summer about the central bank's building ?renovation project.

- ?Allegiant Travel reached a roughly $1.1 billion deal to buy ?Sun Country Airlines as ?budget-focused U.S. airlines struggle with stiff competition from larger rivals.

- Walmart (WMT) plans ?to expand drone ?delivery ?to 150 additional stores within the next year, aiming for over 270 locations by late ?2027.

- Google unveiled a set of tools for retailers that helps them roll out AI agents, aiming to make it easier for brands to reach their ?customers ?who are shopping with the technology.

- U.S. President Donald Trump said on ?Sunday that he might block Exxon Mobil (XOM) from investing in Venezuela after the oil major's CEO called the country "uninvestable" during a White House meeting last week.

- U.S. President Donald Trump is ?scheduled to be briefed by senior officials in his administration on Tuesday on specific options to respond to ?the protests in Iran.

(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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