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PRESS DIGEST- New York Times business news - April 27

BY Reuters | ECONOMIC | 04/27/26 02:30 AM EDT

April 27 (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.

- Republican Senator Thom Tillis said he would allow Senate confirmation of Federal Reserve chair nominee Kevin Warsh to go forward after the Department of Justice on Friday dropped an investigation into Fed Chair Jerome Powell that Tillis viewed as a threat to the central bank's political independence.

- The labour union backing a proposal to place a new tax on California billionaires says it has collected enough signatures to place the measure on the state's November ballot.

- Federal authorities are investigating a note they said was written by the man being held in connection with the attack at the White House correspondents' dinner that suggests he was angered by the actions of 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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