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Ingwervanille | Moment | Getty ImagesSetting aside money in a rainy-day fund can bolster households’ retirement prospects down the road, especially for hourly workers with inconsistent income streams, experts said.Emergency funds are a “security blanket,” said Fiona Greig, global head of investor research and policy at Vanguard Group, an asset manager.That’s because they offer a cash buffer for people who might otherwise raid their 401(k) accounts to pay for unforeseen expenses in the short term, she said.401(k) investors with at least $2,000 of emergency savings are less likely than those without rainy-day funds to tap their retirement plans early, according…

Wealthy investors and institutions have committed $10 billion to timberland managed by Angela Davis. Ordinary folk have to settle for shares of timber REITs. Invest capital and save the planet at the same time. Own a forest. That’s the selling proposition from Angela Davis, who, as president of Campbell Global in Portland, Oregon, oversees $10 billion on behalf of institutions and wealthy individuals. So far she has acquired 1.4 million acres of trees, the majority in the U.S., with some in Australia and New Zealand. Do not expect from timberland the kind of action you’d get from a semiconductor stock.…

CANADA’S Summer McIntosh competes during the World Aquatics Championships 200m butterfly final at the World Aquatics Championships Arena on Thursday.—Reuters SINGAPORE: Summer McIntosh came within a whisker of breaking a long-standing world record and Leon Marchand failed to improve on a new mark he set just a night earlier, but both young guns won gold medals at the world championships in Singapore on Thursday. Romania’s David Popovici also flirted with a record on day five at the World Aquatics Championships Arena, the 20-year-old claiming a thrilling 100 metres freestyle gold to go with his 200 crown on day three. The…

Riska | E+ | Getty ImagesPresident Donald Trump’s “big beautiful bill” includes trillions of dollars of tax breaks, including a new charitable deduction for most filers — and there’s an easy way to maximize it, experts say.When filing taxes, you claim the greater of your itemized tax breaks or the standard deduction. But 90% of filers don’t itemize, according to the latest IRS data, which means they can’t take the charitable deduction.This changes in 2026 with a new charitable tax break for non-itemizers, worth up to $1,000 for single filers and $2,000 for married couples filing jointly. The deduction only…

LAUDERHILL (Florida): Bolste­red by the return of their first-choice pace attack following a 2-1 series loss against Bangladesh, Pakistan are set to face the West Indies in a three-match Twenty20 International series starting on Thursday. Both matches are scheduled to be held at the Central Broward Park in Lauderhill, Florida before the national side flies to Trinidad and Tobago for as many One-day Intern­ationals against the Caribbean side. The shortest format, though, remains Pakistan’s primary focus as they look to prepare for next year’s T20 World Cup – to be staged in India and Sri Lanka. T20I skipper Salman Ali…

LAHORE: This year’s Asia Cup which among other nations will feature defending champions India and Pakistan, the two major cricketing giants of the continent, is facing a fresh challenge — this time from the broadcaster, Dawn has learnt. A highly exorbitant rate set for Pakistan’s region by official broadcaster of the Asia Cup based in India plus the uncertainty prevailing over the pinnacle clash of the event between Pakistan and India, the chances are bleak that any sports channel in Pakistan could buy the broadcasting rights for the continental showpiece. The Asia Cup is scheduled to be held from Sept…

FRANCE’S Leon Marchand competes in the semi-final of the 200m individual medley during the World Aquatics Championships on Wednesday.—AFP SINGAPORE: Four-time Olympic gold medallist Leon Marchand returned to the global stage with a bang on Wednesday by shattering the 200 metres individual medley world record to light up day four of the world championships in Singapore. The “French Phelps” blasted through the World Aquatics Championships Arena in one minute, 52.69 seconds in his semi-final, shaving more than 1.3 seconds off Ryan Lochte’s long-standing 1:54.00 from the 2011 event in Shanghai. “I actually cant really believe it right now,” said Marchand,…

TORONTO: Top seeds Alexander Zverev of Germany and American Coco Gauff advanced to the third round of the Canadian Open on Tuesday after both players were pushed hard by their opponents. World number three Zverev, playing in his first match since his first-round loss at Wimbledon, was far from his best but emerged with a 7-6(8/6), 6-4 win over Adam Walton under the lights in Toronto. Momentum shifted firmly in Zverev’s favour when he won a 52-shot rally in the first set tiebreak, and he sealed the win on a double fault by the Australian in the second set. “It…

TASHKENT: Pakistan and Poland players in action during their World U-19 Volleyball Championship match at the Yunnusobod Hall and the Sport University Center on Wednesday.—courtesy FIVB LAHORE: Pakistan’s valiant campaign at the World Under-19 Volleyball Championship ended in heartbreak on Wednesday, as they succumbed to a narrow 2-3 defeat against volleyball powerhouse Poland in a fiercely contested pre-quarterfinal match. The clash, held at Yunnusobod Hall and the Sport University Center in Tashkent, Uzbekistan, saw Pakistan exit the title race despite a performance brimming with fight. Having topped Group ‘A’ and entered the last 16 as a threatening force, Pakistan pushed…

LOS ANGELES — Natural disaster survivors would be eligible for six months of mortgage relief under a bill introduced Thursday by two senators whose states have been ravaged by wildfires and floods.The Mortgage Relief for Disaster Survivors Act would apply to homeowners with federally backed loans in areas declared disasters since Jan. 1 without accumulating interest or penalties during the six-month period. Borrowers could apply for additional six-month extensions.”Earlier this year, we watched as families in Los Angeles were devastated by wildfires, and to date, many homeowners are still struggling to rebuild from this disaster,” said Sen. Adam Schiff, D-Calif.,…