PRESS DIGEST-New York Times business news - April 30?

BY Reuters | ECONOMIC | 01:43 AM EDT

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.

- U.S. Federal Reserve Chair Jerome Powell said on Wednesday that he would stay on as a governor at the Federal Reserve after his term as chair ends on May 15, citing lingering legal threats against him and the central bank.

- Ford Motor (F) reported a rebound in profit in the first three months of the year, thanks in part to an expected $1.3 billion refund of federal import tariffs that were struck down by the U.S. Supreme Court.

- Two of United States' largest sponsors of donor-advised funds, Fidelity and Vanguard, have cut off the Southern Poverty Law Center, after the U.S. Justice Department last week indicted the civil rights non-profit on charges of committing financial crimes.

- Meta has failed to implement needed safeguards to keep children under the age of 13 off Instagram and Facebook in violation of a European Union online safety law, officials said. (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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