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PRESS DIGEST- New York Times business news - April 23

BY Reuters | ECONOMIC | 04/23/26 02:33 AM EDT

April 23 (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.

- Kevin Warsh, at his confirmation hearing to lead the Federal Reserve, sought to dispel concerns that he would cut interest rates to please President Trump.

- Lululemon has hired a former Nike executive Heidi O'Neill as its new chief executive.

- New York attorney general Letitia James sued Coinbase and Gemini Titan, crypto giants that have expanded into online betting, accusing them of illegally running gambling operations in the state.

- Spirit Airlines is in advanced talks to secure a loan of as much as $500 million from the Trump administration. (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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