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PRESS DIGEST- New York Times business news - June 12

BY Reuters | ECONOMIC | 06/12/26 12:44 AM EDT

June 12 (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.

- SpaceX, Elon Musk's rocket and satellite maker, officially finalized its initial public offering price at $135 a share.

- The war in the Middle East is slowing global economic growth this year to its weakest pace since the Covid-19 pandemic, according to a World Bank report.

- U.S. President Donald Trump said that he would nominate Jay Clayton, the U.S. attorney in Manhattan, to be the next director of national intelligence.

- The U.S. Postal Service has proposed a new rule that would allow it to refuse to deliver mail ballots in states that don't turn over voter rolls to the federal government. (Compiled by Bengaluru newsroom)

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All Fixed Income News

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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