PRESS DIGEST-Wall Street Journal - January 21

BY Reuters | ECONOMIC | 01/21/26 04:11 AM EST

Jan 21 (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.

- Two Democratic ?senators demanded records from Trump administration officials related to the Justice ?Department's criminal probe of Federal Reserve Chair Jerome ?Powell, calling the investigation a serious misuse ?of power.

- ?U.S. President Donald Trump is pressing advisers for what he calls "decisive" ?military options against Iran ?even after pulling back from strikes last week, as the U.S. sends an aircraft carrier ?and fighter jets to ?the ?Middle East.

- Amazon (AMZN) is planning to open its largest-ever retail store, proposing a new big-box location ?in the Chicago suburb of Orland Park that will be larger than a typical Walmart and combine grocery sales with on-site fulfillment.

- Lindsey Halligan, a former Trump aide who led short-lived criminal ?cases ?against ex-FBI Director James Comey and New York Attorney General Letitia James, is stepping down ?from her U.S. Justice Department role.

- Trump issued an executive order directing federal agencies to curb support for institutional investors buying single-family homes, intensifying his push to limit Wall Street's role in the U.S. housing market.

- U.S. Treasury ?Secretary Scott Bessent said he was not concerned about the recent selloff in U.S. government bonds, attributing the rise in yields ?to moves in Japanese bond markets.

(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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