M&A update: Dealmaking returns

Plus, rising gold prices, the estate tax exemption, and a bond ladder tool.

ACTIVE INVESTOR WEEKLY EDITION: September 05, 2025 View in a browser

FIDELITY ACTIVE INVESTOR® WEEKLY EDITION: September 05, 2025

Dealmaking appears to be back Mergers and acquisitions have picked up after a prolonged decline. Read more Why gold has skyrocketed 3 key factors have been driving the precious metal to record highs. Read more What is the estate tax exemption? The 2025 estate and gift tax exemption is $13.99 million per person. Read more Building a bond ladder Learn about how building a portfolio of bonds and/or CDs that mature at staggered intervals can help mitigate interest rate risk. Try it now

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Past performance is no guarantee of future results. Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal. The gold industry can be significantly affected by international monetary and political developments such as currency devaluations or revaluations, central bank movements, economic and social conditions within a country, trade imbalances, or trade or currency restrictions between countries. Fluctuations in the price of gold often dramatically affect the profitability of companies in the gold sector. Changes in the political or economic climate, especially in gold producing countries such as South Africa and the former Soviet Union, may have a direct impact on the price of gold worldwide. The gold industry is extremely volatile, and investing directly in physical gold may not be appropriate for most investors. Bullion and coin investments in FBS accounts are not covered by either the SIPC or insurance "in excess of SIPC" coverage of FBS or NFS. Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation. A bond ladder, depending on the types and amount of securities within it, may not ensure adequate diversification of your investment portfolio. While diversification does not ensure a profit or guarantee against loss, a lack of diversification may result in heightened volatility of your portfolio value. You must perform your own evaluation as to whether a bond ladder and the securities held within it are consistent with your investment objectives, risk tolerance, and financial circumstances. To learn more about diversification and its effects on your portfolio, contact a representative.

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