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PRESS DIGEST-Wall Street Journal - January 30

BY Reuters | ECONOMIC | 02:07 AM EST

Jan 30 (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. President Donald Trump's advisers have been told ?that he is expected to nominate Kevin Warsh, ?a central bank insider-turned-critic, as Federal ?Reserve chair.

- ?President Trump sued the Internal Revenue Service and the Treasury ?Department Thursday, alleging the ?agencies didn't do enough to prevent an IRS contractor from leaking his ?tax returns to the press ?in ?2019.

- President Trump said the U.S. was decertifying Bombardier Global Express business jets and threatened ?50% import tariffs on all aircraft made in Canada until the country's regulator certified a number of planes produced by U.S. rival Gulfstream.

- The Supreme Court of Panama ?has ?annulled a contract for a Hong Kong company to operate two ports at ?either end of the Panama Canal breach the country's constitution, handing President Trump a victory for his security ambitions in the Western Hemisphere and denting China's influence in the region.

- The London Metal ?Exchange delayed the start of trading on Friday due to technical issues, temporarily stifling activity as commodities markets experience one ?of their wildest weeks. (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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