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FDA Authorizes Juul E-Cigarettes

FDA Authorizes Juul E-Cigarettes

Juul Labs has won authorization from federal regulars for its e-cigarettes to remain on the U.S. market, according to people familiar with the matter. The decision breathes new life into the vaping company after a federal ban in 2022 pushed it to the brink of bankruptcy.
The Food and Drug Administration has authorized Juul's original vaporizer, along with refill cartridges in tobacco and menthol flavors, the people familiar with the matter said.
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Trump trade war could still see America come off worse
Trump trade war could still see America come off worse

Yahoo

time22 minutes ago

  • Yahoo

Trump trade war could still see America come off worse

It is a trade deal that will 'rebalance, but enable trade on both sides,' said Ursula von der Leyen after the EU and US struck a trade deal in Scotland. It was not the most emphatic declaration by the president of the European Commission. The trading partnership between two of the biggest markets in the world is in significantly worse shape than it was before Donald Trump was elected, but this deal is better than nothing. As part of the agreement, European exports to the US will be hit with a 15% tariff. That's better than the 30% the bloc was threatened with but it is a world away from the type of open and free trade European leaders would like. The EU had offered tariff free trade to the US just weeks before the deal was announced. Money latest: Instead, it has accepted a 15% tariff and agreed to ramp up its energy purchases from the US. The EU tariff on US imports will remain close to zero but Europe did get some important exemptions - on aviation, critical raw materials, some chemicals and some medical equipment. That being said, the bloc did not achieve a breakthrough on steel, aluminium or copper, which are still facing a 50% tariff. It means the average tariff on EU exports to the US will now rise from 1.2 % last year to 17%. There is also confusion over the status of pharmaceuticals- an important industry to Europe. Products like Ozempic, which is made in Denmark, have flooded into the US market in recent years and Donald Trump was threatening tariffs as high as 50% on the sector. It appears that pharmaceuticals will fall under the 15% bracket, even though President Trump contradicted official announcements by suggesting a deal had not yet been made on the industry. The risk is that the implementation of the deal could be beset with differences of interpretation, as has been the case with the Japan deal that Trump struck last week. It also risks fracturing solidarity between EU states, all of which have different strategic industries that rely on the US to differing degrees. Germany's BDI federation of industrial groups said: "Even a 15% tariff rate will have immense negative effects on export-oriented German industry." The VCI chemical trade association said rates were still "too high". For German carmakers, including Mercedes and BMW, there was some reprieve from the crippling 27.5% tariff imposed by Trump. The industry is Europe's top exporter to the US but the German trade body, the VDA, warned that a 15% rate would "cost the German automotive industry billions annually". Meanwhile, François Bayrou, the French Prime Minister, described the agreement as a "dark day" for the union, "when an alliance of free peoples, gathered to affirm their values and defend their interests, resolves to submission." While the deal has divided the bloc, the greater certainty it delivers is not to be snubbed at. Markets bounced on the news, even though the deal will ultimately harm economic growth. Analysts at Oxford Economics said: "We don't plan material changes to our eurozone baseline forecast of 1.1% GDP growth this year and 0.8% in 2026 in response to the EU-US trade deal. "While the effective tariff rate will end up at around 15%, a few percentage points higher than in our baseline, lower uncertainty and no EU retaliation are partial offsets." However, economists at Capital Economics, said the economic outlook had now deteriorated, with growth in the bloc likely to drop by 0.2%. Germany and Ireland could be the hardest hit. While the US appears to be the obvious winner in this negotiation, uncertainty still hangs over the US economy. Trump has not achieved his goal of "90 deals in 90 days" and, in the end, American consumers could still bear the cost through higher prices. That of course depends on how businesses share the burden of those higher costs, with the latest data suggesting that inflation is yet to rip through the US economy. While Europe determined on Sunday that a bad deal is better than no deal, some fear that the worst is yet to come for the Americans.

Jeff Bezos Backed This Platform — Now Anyone Can Own Rental Homes for $100
Jeff Bezos Backed This Platform — Now Anyone Can Own Rental Homes for $100

Yahoo

time22 minutes ago

  • Yahoo

Jeff Bezos Backed This Platform — Now Anyone Can Own Rental Homes for $100

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When people think of real estate investing, they usually picture massive commercial buildings, towering apartment complexes, or high-end developments backed by hedge funds and private equity. But the truth is, most landlords in the U.S. aren't corporations. They're everyday individuals—people who own just one, two, maybe a handful of rental properties. And in many parts of the country, renters aren't living in skyscrapers—they're renting single-family homes. So here's the real question: if most rental properties in America are houses, why do so many investment platforms only offer access to commercial buildings? The answer usually comes down to money. Most platforms focus on accredited investors with deep pockets, offering big deals to match. But a new wave of real estate investing is challenging that—and at the front of it is a platform backed by Jeff Bezos himself. It's called Arrived, and it makes it possible to buy into actual rental homes for as little as $100. What Is Arrived? Arrived is a real estate investment platform designed specifically for non-accredited investors—that is, everyday people who want to grow their money in real estate but don't have hundreds of thousands in capital or the time (or interest) to become a landlord. The big idea behind Arrived is simple: you invest in shares of individual rental properties—mostly single-family homes—and earn passive income through rent, plus any upside if the home appreciates and sells. But here's what really makes it stand out: these are real, physical properties in real neighborhoods. You're not buying into a fund or a faceless REIT—you're choosing actual homes to invest in, right down to the property photos, floor plans, and financial projections. How Arrived Works Once Arrived identifies and purchases a home, they set it up under an LLC and break the ownership into shares. Each share typically costs $10, and investors can buy in with as little as $100. The listing for each home includes detailed projections—how much rent it's expected to generate, estimated expenses, and the projected hold period (usually 5–7 years). Once a home is fully funded by investors, Arrived takes care of everything else. That includes managing the property, finding tenants, collecting rent, handling maintenance, and reporting performance. As an investor, you just sit back and receive quarterly payouts from rental income—plus your share of any profits when the property is sold. What Makes Arrived Different The big differentiator is accessibility. Arrived was built from the ground up for regular investors, not institutions or accredited insiders. You don't need $25,000 to get started. You don't need to be a landlord. You don't even need experience in real estate. It's real estate investing with training wheels—and yet it still gives you exposure to an asset class that's been quietly building wealth for generations. Another major selling point? Arrived focuses on single-family homes, which are more familiar and easier to understand than large commercial deals. These are the kinds of homes people grow up in, raise families in, and rent when they relocate. The demand is there—and so is the potential. The Jeff Bezos Connection It's worth pointing out that this platform isn't some niche side project. Arrived is backed by Jeff Bezos through his venture fund, Bezos Expeditions. That vote of confidence isn't just a headline—it signals that this is a serious, well-capitalized platform with long-term vision. Since launching, Arrived has already funded more than 180 homes valued at over $65 million. Some listings sell out in minutes. It's a fast-growing platform that's clearly struck a chord with people who've been priced out of traditional real estate investing. What About Fees? Every investment platform charges fees, and Arrived is no exception—but they're clearly stated and easy to understand. First, there's a sourcing fee, which covers the work of finding and vetting each property. Then there's an annual asset management fee to cover ongoing property oversight and management. These fees are usually modest and vary by property, but everything is disclosed upfront so there are no surprises. Compared to traditional real estate costs like broker fees, repairs, and tenant headaches, the simplicity is a huge plus—especially when you're investing as little as $100. Getting Started Is Easy One of the best things about Arrived is how beginner-friendly the platform is. Signing up takes just a few minutes and only requires an email and password. Once you're in, you'll have access to new investor onboarding webinars, live Q&A calls, and even one-on-one help from Arrived team members if you want it. When you're ready to invest, you can browse available homes, filter by location or investment strategy, and see clear side-by-side numbers for each property. Every listing includes projected rental income, appreciation potential, and estimated returns. You pick what fits your budget and goals, and buy your shares with a few clicks. What Kind of Returns Can You Expect? Arrived isn't promising overnight riches—but the performance has been strong. In Q1 of 2024, investors received $1.1 million in dividends across 352 properties. That jumped to $1.84 million by the end of Q4, with 365 homes in operation. The platform had a 92% stabilized occupancy rate, and more than half of new leases came in above projected rents. In addition to long-term rentals, Arrived has also started offering access to vacation rentals and diversified funds like its Single Family Residential Fund and Private Credit Fund, giving investors more ways to diversify and grow. Investor Education and Support If you're new to real estate, Arrived has one of the best education centers around. Their Learn section is packed with explainers and plain-English guides on how real estate investing works, how rental income is distributed, how appreciation is calculated, and more. There's also a Help & FAQ area that answers common questions, and if you still need help, you can message the support team directly. Arrived understands that not everyone comes in with a finance degree, and they've gone out of their way to make the experience easy, transparent, and unintimidating. Is Arrived Right for You? If you've always wanted to invest in real estate but didn't know where to start—or assumed you couldn't afford to—Arrived is worth a serious look. It lowers the barrier to entry while still offering the benefits of ownership: passive income, long-term upside, and tax advantages from depreciation. You're not flipping houses. You're not answering calls about leaky faucets. You're just putting your money to work in a way that's smart, steady, and tied to real assets. And if it's good enough for Jeff Bezos, there's probably something here worth exploring. This article Jeff Bezos Backed This Platform — Now Anyone Can Own Rental Homes for $100 originally appeared on

If managing investment risk makes me conservative, I'll wear it proudly
If managing investment risk makes me conservative, I'll wear it proudly

Yahoo

time22 minutes ago

  • Yahoo

If managing investment risk makes me conservative, I'll wear it proudly

Lately, I've been catching a bit more flack on social media for what some interpret as overly conservative — or even bearish — market views. Without context, I get how that perception can form. But this isn't unusual. Those of us who focus on managing risk tend to hear the 'I told you so' chorus after markets rebound. It comes with the territory. Ironically, that kind of sentiment often shows up near the end of a cycle. I remember vividly when bitcoin was hitting new highs a few years ago. I received a voicemail that simply said, 'Enjoy staying poor, old man.' That kind of bravado tends to show up just before things fall apart. It's not a new phenomenon; it's a feature of euphoria. But here's the cold, hard truth: I didn't know where the market was going next, and nor do I now. And neither did the person who left that message. Nor does any other portfolio manager or financial pundit, no matter how confident — or loud — they sound. Because in investing, it ultimately comes down to two paths. Both are valid. But each comes with a cost of entry. Path One: Go long and hold on The first path is to go long highly volatile markets such as the Nasdaq or the tech-heavy S&P 500. If you want to target double-digit annual returns, you have to be willing to accept the large drawdowns that come with it. And you better hope your timing is right because going all-in just before a 1999, 2007, 2019, or 2021-style peak can be devastating, especially if you're retired or nearing retirement and don't want to experience sudden, large drops to your life savings. Let's look at the numbers. Since January 1994, over the past 30.5 years, the S&P 500 has delivered an impressive annualized return of 10.4 per cent. The best year saw a gain of 35.8 per cent. But the worst? A gut-wrenching 37 per cent drop. Now ask yourself: If you had spent 20 years saving $1 million, would you be okay watching it fall to $560,000 during the 2002 bottom? Or to $499,000 in February 2009? Or even to $775,000 in September 2022? The two largest drawdowns were underwater for 4.5 years and took three to more than 3.5 years to recover. If you're young, with decades ahead of you, maybe that's acceptable. You have time to recover, and you can even take advantage of those drops to add more to your portfolio. But if you're in or near retirement, those drawdowns aren't just numbers, they're lifestyle-altering events. They can derail plans, delay retirement, or force you to sell assets at the worst possible time. Path Two: Diversify and sleep at night The second path is to diversify. Let's say you allocate 35 per cent to bonds and five per cent to gold. That's not radical, it's just balanced. Over the same 30.5-year period, this diversified portfolio still delivered a solid 8.4 per cent annualized return. The best year? A gain of 27.9 per cent. The worst? A loss of 20.2 per cent. That's still a drawdown, but it's a very different experience. Your $1 million would have dropped to $780,000 in 2002, $700,000 in 2009, and $880,000 in 2022. Not painless but far more manageable. And for many retirees, that difference is the line between staying the course and panicking. The two largest drawdowns were underwater for only 2.5 years and only took one to more than 1.5 years to recover. That said, 2022 was a wake-up call. It was one of the rare years when both stocks and bonds fell sharply. The S&P 500 lost 24.54 per cent, and the diversified bond/stock/gold portfolio still dropped 20.57 per cent. Bonds, which traditionally act as a cushion during equity selloffs, failed to provide meaningful protection. This was a notable event, and a reminder that even conservative portfolios need to evolve. In today's environment, relying solely on bonds as a risk management tool may no longer be enough. Rising inflation, tighter monetary policy and shifting correlations mean investors must look beyond traditional asset classes. Structured notes, alternatives and other tools can offer more effective ways to manage downside risk without giving up the upside entirely. It's not about being right. It's about being ready The point here isn't to say one path is better than the other. It's to highlight the trade-offs. High returns come with high volatility. Lower volatility comes with slightly lower returns. But the real question is: What can you live with? Risk tolerance isn't just a number on a questionnaire. It's how you feel when your portfolio drops 30 per cent or more. It's whether you can sleep at night, stay invested and avoid making emotional decisions. Because the biggest threat to your portfolio isn't the market. It's how you respond to it. Why I manage risk So yes, I manage risk. Not because I'm bearish. Not because I'm trying to time the market. But because I've seen what happens when people take on more risk than they can handle or are comfortable with. I've seen portfolios implode not because of bad investments but because of bad behaviour: panic selling, chasing returns, abandoning plans. And I've also seen the power of resilience, of portfolios that bend but don't break; of strategies that deliver peace of mind, not just performance. So if that makes me conservative, I'll wear it proudly. Because in the end, investing isn't about winning arguments on social media. It's about helping people live well, sleep soundly and stay invested through the storm. Martin Pelletier, CFA, is a senior portfolio manager at Wellington-Altus Private Counsel Inc., operating as TriVest Wealth Counsel, a private client and institutional investment firm specializing in discretionary risk-managed portfolios, investment audit/oversight and advanced tax, estate and wealth planning. The opinions expressed are not necessarily those of Wellington-Altus. _____________________________________________________________ If you like this story, sign up for the FP Investor Newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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